Please ensure Javascript is enabled for purposes of website accessibility

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

Skip to main content
Advertiser Disclosure Many of the offers that appear on this site are from companies from which The Motley Fool receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear) and may influence which products we write about, but our product ratings are not influenced by compensation. We do not include all companies or offers available in the marketplace.
    |    Accessibility Options

Synchrony Bank CD Rates: How Do They Compare in 2025?

Review Updated
Brooklyn Sprunger
Author: Brooklyn Sprunger
Brooklyn Sprunger
Brooklyn Sprunger

Brooklyn leads the content team behind product reviews and ratings at Motley Fool Money, ensuring readers get well-researched, expert-backed insights to make smarter financial decisions. With nearly seven years working full-time in financial content -- four of them at The Motley Fool -- she has developed a deep passion for personal finance, from investing strategies to everyday money management. Her financial goals include buying a house and planning as many trips as her budget allows. In her free time, you’ll likely find her listening to a pop culture podcast or telling anyone who will listen to get a high-yield savings account.

See Full Bio

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

Got extra cash sitting idle? Put it to work with a Synchrony Online CD.

With strong interest rates, terms ranging from just a few months to five years, and no minimum deposit to get started, Synchrony Online CDs make it easy to grow your money on your own schedule. Whether you're saving for something big or just want a safe place for your cash to grow, this is a low-risk, high-reward way to do it.

I'll walk you through today’s top Synchrony Online CD rates, how they compare to other options, and help you decide whether a CD or a high-yield savings account is the smarter move right now.

Current Synchrony Online CD rates and terms

Rates as of July 8, 2025

APY = Annual Percentage Yield

Offer image for Synchrony Online CD
Synchrony Online CD
Bottom Line

Perhaps one of the lesser-known names on the list, Synchrony is a full-line bank with a 90-year history. Synchrony's CDs are notable for competitive rates at most term lengths, plus low or no minimum deposits.

MINIMUM DEPOSIT $0
Open Account for Synchrony Online CD

On Synchrony Bank's Secure Website.

6 Mo. APY 9 Mo. APY 1 Yr. APY 13 Mo. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
3.70% 3.90% 4.00% 4.15% 3.80% 3.50% 4.00% 3.50% 4.15%

Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.

Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.

Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

Key features of Synchrony Online CDs

Feature Details
Minimum Deposit $0
Range of Term Lengths 3 months to 5 years
Compounding Schedule Daily (interest paid monthly)
Grace Period 10 days after maturity
Data source: Synchrony Bank.

Early withdrawal penalties

If you take your principal out before the CD matures, you'll face a penalty. Here's the breakdown:

  • Terms of 12 months or less: 90 days of simple interest
  • Terms between 12-48 months: 180 days of simple interest
  • Terms longer than 48 months: 365 days of simple interest

These penalties are pretty standard, but still, something to think about before locking up your funds.

Pros and cons of Synchrony Online CDs

Pros:

  • No minimum deposit, which makes it super accessible
  • Competitive APYs, especially for mid-length terms
  • You can withdraw interest anytime without paying a penalty

Cons:

  • No terms longer than 5 years
  • Early withdrawal penalties can be steep on longer terms
  • No physical branches if you like in-person help

How do Synchrony Online CD rates compare?

Here's how Synchrony Bank stacks up against some of the best CDs:

Rates as of July 8, 2025
LendingClub CD

LendingClub CD

Member FDIC.
APY:
4.25%
Term:
14 Months
Min. Deposit:
$500
Open Account for

On LendingClub's Secure Website.

Synchrony Online CD

Synchrony Online CD

Member FDIC.
APY:
4.15%
Term:
5 Year
Min. Deposit:
$0
Open Account for

On Synchrony Bank's Secure Website.

Discover® Bank CD

Discover® Bank CD

Member FDIC.
APY:
4.00%
Term:
1 Year
Min. Deposit:
$0
Open Account for

On Discover Bank's Secure Website.

Synchrony Bank holds its own, especially if you want flexibility, low commitment, and the ability to cash out interest along the way. But if you're hunting for the highest rate and don't mind a higher deposit or niche provider, other banks may edge them out.

Maximizing your earnings: What's the best CD strategy in 2025?

Build a CD ladder

One way I like to approach CDs is by spreading my money across multiple terms. With Synchrony Bank, you can build a CD ladder from 3 months to 5 years, giving you regular access to funds while keeping some locked in at higher rates. When one matures, you can roll it into a new CD, or keep it liquid.

Still not sure if a CD is the move?

I totally get it -- I actually have both a CD and a high-yield savings account. I use the CD for money I know I won't need for a while, and the savings account for everything else.

If you think there's even a chance you'll need access to your cash sooner, a high-yield savings account could be the better call. You won't lock in a guaranteed rate, but you will get way more flexibility.

Compare savings rates

Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.

Account APY Promotion Next Steps
3.60%
Rate info Circle with letter I in it. 3.60% annual percentage yield as of July 17, 2025. Terms apply.
Min. to earn: $0
N/A
up to 3.80%
Rate info Circle with letter I in it. Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.20% APY Boost (added to the 3.80% APY as of 7/10/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 8/12/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC. SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn: $0
Earn up to $300 bonus with direct deposit. Plus, new customers earn an extra 0.20% APY on savings for up to 6 months with direct deposit (terms apply) -- that equals up to 4.00% APY! Circle with letter I in it. Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.20% APY Boost (added to the 3.80% APY as of 7/10/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 8/12/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
3.90%
Rate info Circle with letter I in it. Balances less than $250,000 earn 3.90%, and balances greater than $250,000 earn 4.10%.
Min. to earn: $0
N/A
Open Account for Barclays Tiered Savings

On Barclays' Secure Website.

Tax tip

CD interest is taxed as regular income, even if you don't withdraw it. If you're putting in a large amount, keep that in mind when comparing your potential returns to other options.

How to open a Synchrony Online CD

It's easy to get started -- no in-person visit required.

  1. Click on this link to open a Synchrony Online CD account
  2. Enter your info: Name, address, SSN, and date of birth
  3. Choose your term: You've got 16 different CD options
  4. Fund the CD: Transfer from an existing account or another bank

Once funded, your money starts earning interest right away.

Should you open a Synchrony Online CD?

A Synchrony Online CD is great for you if:

  • You're looking for competitive CD rates with no deposit minimum
  • You want the option to access interest earnings along the way
  • You're building a CD ladder or saving for a set time frame

Maybe skip it if:

  • You need access to your full balance at any time
  • You're chasing the absolute highest rate (some niche banks beat Synchrony Bank)
  • You want customer support via physical branches

If that's you, check out our top high-yield savings picks instead.

FAQs

  • Yes, especially for no-minimum CDs. While some banks edge them out on APY, Synchrony Bank offers solid value across the board.

  • You can withdraw your interest anytime, but withdrawing your principal before maturity will result in a penalty.

  • Yes, Synchrony Bank offers bump-up and no-penalty CDs, but you'll need to check the current rates to see if they're worth it.