Synchrony Bank CD review

Synchrony Bank is on this list for its CD variety rather than a rate we could confirm. Its CD page lists no minimum deposit and no monthly fees, and it offers a Bump-Up CD, where you can request a rate increase once during the term if Synchrony's Bump-Up rate rises, and a No-Penalty CD for savers who want flexible access. You can withdraw interest paid during the current term at any time without penalty, either to a Synchrony savings or money market account or to another bank. Penalties on principal are steep for long terms: 90 days of simple interest for terms of 12 months or less, 180 days for terms over 12 months and under 48 months, and 365 days for 48 months or more. Synchrony features 15-month, 24-month and 60-month CDs, but the page loads its APYs by script, so we could not read the current rates and scored the account conservatively.

Who it is for

savers who want a Bump-Up or No-Penalty option

Price

No monthly fees and no minimum deposit; check rates on the Synchrony page.

No monthly fees You're able to hold on to more of what you earn
Quoted from the vendor pricing page on November 13, 2026.

Key features

• No minimum deposit to open a CD
• Bump-Up CD allows one rate increase request during the term
• No-Penalty CD available for flexible access
• Interest paid during the term can be withdrawn any time without penalty
• FDIC insured up to $250,000 per ownership category

Strengths and weaknesses

• Strength: No minimum deposit and no monthly fees
• Strength: Bump-Up CD protects against rising rates once per term
• Strength: Interest can be moved out without penalty
• Weakness: Penalty of 365 days of simple interest on terms of 48 months or more
• Weakness: Rates load by script, so we could not confirm current APYs
• Weakness: 180 days of interest penalty on terms over 12 months

Key facts

• Minimum deposit: None
• CD types: Standard, Bump-Up, No-Penalty
• Early withdrawal penalty: 90 to 365 days of simple interest
• Interest withdrawals: Allowed any time without penalty

Where it ranks

Synchrony Bank CD is No. 7 in our Best CD Rates verdict.