Synchrony Bank CD Rate Comparison Synchrony CD Rates vs. But it's possible that the bump-up rate could become the more competitive option over a 2-year term. It's worth noting that Synchrony's regular 2-year CD pays a higher rate right now. With a bump-up CD, you can request a rate increase once during the term if Synchrony increases its rate on the CD. The Synchrony Bump-Up CD has a 2-year term and pays 4.00% APY. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest.Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. There are no guarantees that working with an adviser will yield positive returns. Working with an adviser may come with potential downsides such as payment of fees This is not an offer to buy or sell any security or interest.

We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. SmartAssetĭoes not review the ongoing performance of any Adviser, participate in the management of any user’sĪccount by an Adviser or provide advice regarding specific investments. Matching platform based on information gathered from users through our online questionnaire. ('Adviser(s)') with a regulatory body in the United States that have elected to participate in our Services are limited to referring users to third party advisers registered or chartered as fiduciaries Securities and Exchange Commission as an investment adviser. SmartAsset Advisors, LLC ('SmartAsset'), a wholly owned subsidiary of Financial Insight Technology, Accounts of 48 months or more will assess a penalty of 365 days of simple interest. For accounts between 12 and 48 months, the penalty equals 180 days of simple interest. If your CD term is 12 months or less, you’ll have to pay a penalty of 90 days of simple interest. If you desperately need access to those funds, you may make an early withdrawal, but at a cost. In between these, you cannot easily withdraw any of your principal amount. It will renew for the same term and with the published rate at the time of renewal.ĬDs are designed to be accessed at opening and at maturity. If you don’t want to make any changes to the account or withdraw the funds, you can simply leave it alone and let it renew automatically.

During this period, you can make withdrawals and additional deposits if you choose. Synchrony includes a 10-day grace period at the end of each CD term. Of course, the high-earning CD rates certainly make up for that since you’ll see some excellent growth by the time your account reaches maturity. Synchrony’s CD accounts are pretty standard without any extra perks or benefits.

Synchrony cd interest rates