Synchrony Bank’s HYSA and CDs have no minimum balance, no minimum opening deposit, and no monthly fee. The full ~4.50% APY applies to any balance, including $1.
Synchrony Balance Requirements
| Product | Min Balance | Opening Deposit | Monthly Fee |
|---|---|---|---|
| High Yield Savings | $0 | $0 | $0 |
| CDs (all terms) | $0 | $0 | $0 |
| No-Penalty CD | $0 | $0 | $0 |
| Bump-Up CD | $0 | $0 | $0 |
Competitors: Minimum Balance Comparison
| Institution | Min Balance | Monthly Fee | APY |
|---|---|---|---|
| Synchrony | $0 | $0 | ~4.50% |
| Marcus | $0 | $0 | ~4.10% |
| AmEx HYSA | $0 | $0 | ~4.00% |
| Ally HYSA | $0 | $0 | ~4.00% |
All major HYSA providers have eliminated minimum balance requirements. Synchrony differentiates on APY, not on minimums.
Related Guides
- Synchrony Bank savings rate 2026 — ~4.50% APY, interest calculator
- Synchrony Bank CD rates 2026 — no minimum deposit CDs
- Synchrony Bank vs Marcus 2026 — savings comparison
- Synchrony Bank customer service 2026 — 1-866-226-5638
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