Synchrony Bank pays high interest rates on CDs with no minimum deposit

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This post was reviewed and updated on February 17, 2021.

Synchrony Bank CD rates

Synchrony pays competitive rates on CDs with terms from 3 months to 5 years.

Term lengthAPY
3 months0.15%
6 months0.25%
9 months0.35%
1 year0.55%
13 months0.55%
14 months0.55%
15 months0.55%
18 months0.55%
2 years0.60%
3 years0.65%
4 years0.65%
5 years0.80%

Synchrony CD

Synchrony Synchrony CDSynchrony Bank

Discover Bank
Goldman Sachs


0.15% APY to 0.80% APY


0.20% to 0.60% APY


0.15% to 0.60% APY

Minimum deposit


Minimum deposit


Minimum deposit


Open a CDOpen a CDOpen a CD

Synchrony Bank CD rates vs. Discover Bank CD rates

Synchrony and Discover both pay competitive rates. The better rate will come down to which term length you choose.

Your choice between the two banks could also come down to which term length you want. Synchrony offers a wider variety of shorter-term CDs, including 13-month, 14-month, and 15-month terms. But Synchrony’s longest term is 5 years, while Discover has 7-year and 10-year options.

Synchrony Bank CD rates vs. Marcus CD rates

Synchrony and Marcus both pay good rates on regular CDs, so your choice might come down to which bank pays the better rate on the specific term length you want.

You might like Marcus if you want to open a no-penalty CD, which doesn’t charge you for withdrawing funds before your CD matures. The Marcus No-Penalty CD pays competitive rates, too.

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