Synchrony Bank High Yield Savings
4.0
4.0
MoneyAtlas
Rating
Pros
Accelerated Growth: Earn a highly competitive interest rate that significantly outpaces traditional savings accounts
Zero Fees or Minimums: Keep every dollar you earn without worrying about monthly fees or balance requirements
24/7 Access: Manage your money anytime via a user-friendly mobile app, online banking, and an optional ATM card
Cons
Variable Rate: The interest rate can fluctuate, so your exact earnings rate isn't guaranteed long-term
Wire Transfer Fee: A $25 fee applies to outgoing wire transfers, a notable cost for that service