Synchrony Bank Review and Account Owner Perks

Synchrony Bank was founded in the year 2003 but IPOed in 2014 on the NYSE with the ticker SYF to the tune of $2.88 billion. Prior to 2003, the bank was actually a subsidiary of GE Capital.

Synchrony Bank

Despite the long road, the bank offers users a whole lot of credit card partner with various stores and companies including a Walmart credit card.

Below is bank offers the full menu of deposit products.

All rates cited as of 2018.

  • High-Yield Savings: No monthly service fees, 1.85% APY, no minimum balance.
  • Certificates of Deposit: Maturity periods of 3-months to 60-months, $2,000 minimum deposit and the 60-month CD yields 2.85% APY
  • Money Markets: No monthly service fee, mobile check deposit, no minimum balance, up to 1.05% APY
  • IRA: You can open a regular IRA account or an IRA CD account.

Choose a favored synchrony account based on your financial need.

The Perks of saving with Synchrony Bank

Saving with synchrony bank has certain perks accrued to users from saving with Synchrony bank.

Everyday perks

  • Award-winning rates
  • Identity Theft Resolution Services
  • Travel & leisure discounts
  • No monthly service charges
  • Value-added content

Special perks for our Diamond Customers

  • Reliable customer service phone number
  • Three free wire transfers within a statement cycle

Synchrony Bank Mobile App

Synchrony bank offers a mobile app that allows customers to operate account from virtually anywhere. Thus making it possible to bank on the go. Furthermore, the app view is optimized for a screen of various sizes and offers variable font sizes and color contrast for readers.  The app is also secured with fingerprint (Touch ID) and face recognition (Face ID). The mobile app can be installed on Android and iOS phone or tablet. Check your balance quickly.

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What Can I Do On The Synchrony Mobile App?

  • Transfer money safely.

It requires just a few taps you can transfer money to or from any account at Synchrony Bank.

  • Deposit checks in a snap.

Users can check deposit on the mobile app. Simply pictures of the check to deposited in your account.

  • Ask Siri for balances.

The Synchrony bank mobile app works with Apple Siri app. Hence, Just ask Siri to get account balance on a bank account.

  • Live Chat with a Banker.

Get answers to your questions via the synchrony app. Also, get to chat with a banker in real-time.

Download the app for iOS or Andriod

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