Synchrony Bank Certificate of Deposit
4.0
4.0
MoneyAtlas
Rating
Pros
Guaranteed High Yield: Lock in a competitive, fixed interest rate for the entire term
Unique Flexibility: Choose innovative options like a Bump-Up CD to raise your rate or a No-Penalty CD for early access
Zero Maintenance Fees: Investment's growth is never reduced by monthly service charges
Cons
Strict Withdrawal Penalties: Accessing your principal on standard CDs before maturity results in a interest penalty
Locked-In Funds: Your money is committed for the full term, making it illiquid for unexpected financial needs