Synchrony Bank High Yield Savings Review

3.55% APY with no minimum deposit and no monthly fee, plus an optional ATM card for cash access without a checking account.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked October 12, 2026.

Our verdict

Synchrony pays 3.55% APY with no minimum deposit, no minimum balance and no monthly fee, and it offers an optional ATM card, which many online savings accounts do not. That makes it a workable emergency-fund account you can pull cash from without a checking account. The rate is variable and sits below the top standing rates we rank, there are no branches, and the account does not come with checks.

Skip it if you want the highest standing rate we rank, or need to write checks from the account.

About Synchrony Bank High Yield Savings

3.55% APY with no minimum deposit and no monthly fee, plus an optional ATM card for cash access without a checking account. Synchrony Bank High Yield Savings is offered by Synchrony Bank. We could not find a published customer rating for it on Trustpilot or the Better Business Bureau, so none is shown.

Best for: Savers who want a no-fee online account with an ATM card option.

Editorial grade: A- (composite score 86/100).

Highlights

3.55% APY, variable (Synchrony's own page: all APYs accurate as of 10/12/2026)
No minimum deposit, no minimum balance and no monthly fee
An optional ATM card works at ATMs showing the Plus or Accel logo; Synchrony charges no ATM fee and refunds other banks' domestic ATM fees up to $5.00 per statement cycle

What we like

No minimum deposit, no minimum balance and no monthly fee
An optional ATM card gives cash access without a checking account, and Synchrony refunds up to $5.00 a statement cycle of other banks' ATM fees
No fee to transfer money to or from the account
FDIC insured directly through Synchrony Bank

Where it falls short

Pays less than the highest standing rates we rank
The rate can change at any time without notice
No physical branches, and no checks on this account

Fees, minimums, and rates

Monthly fee: $0/month. Minimum to open: $0. Current APY: 3.55%. Rates and fees last checked on October 12, 2026.

How we reviewed it

This is a desk review: we have not opened an account with Synchrony Bank. It is built from Synchrony Bank's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the High-Yield Savings shortlist. Our bank-account reviews weight APY (30%), fees (20%), access and convenience (15%), account features (15%), trust and safety (10%), and customer support (10%). The rubric is the same for every brand.

The bank behind this account

Synchrony Bank, FDIC certificate 27314: capital, loan quality, every office and the complaint record.

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Read our full editorial methodology for how we review products.