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Synchrony High Yield CD review
Best for: Rate chasers who want a top-tier 1-year CD yield with $0 minimum.
Synchrony's 1-year CD pays 4.30% — a top-tier 1-year rate — with no minimum balance and daily compounding.
How we make money (or don't): BidAsk currently has no affiliate relationships
with these banks and earns no commission if you open an account — the links below go directly
to each provider's own site, except the Marcus savings link, which is a personal referral link:
if you open a Marcus Online Savings Account through it, you earn an extra 1.00% APY for 3 months
(per Marcus's referral terms) and the site's publisher earns the same rate boost on his account.
See our full disclosure.
APY
4.30%
Minimum to open
$0
Minimum to earn APY
$0
Monthly fee
$0
FDIC insured
Yes
CD terms: 12-month term at 4.30% APY. No minimum balance. Interest compounds daily and can be withdrawn anytime without penalty — only early principal withdrawals trigger the penalty.
Rate note: 12-month term. 4.30% per Bankrate and BankTruth (11/1/2026); Synchrony's own rates page states APYs accurate as of 11/01/2026.
Standout features
- 4.30% — a top-tier 1-year APY in this set.
- $0 minimum; interest compounds daily.
- You can withdraw earned interest anytime without penalty.
Honest drawbacks
- 90 days' simple interest penalty on early principal withdrawal.
- No physical branches.
- Lesser-known brand than the bank giants here.
Open an account at Synchrony Bank →
Link goes directly to Synchrony Bank's own site. Rates verified November 2026. Banks change APYs without notice — confirm the current rate on the provider's site before opening an account.
Sources
- Synchrony rates and terms (official) (checked Sep 2026)
- Synchrony Bank banking (official) (checked Sep 2026)
- NerdWallet: Synchrony CD rates (Sep 2026) (checked Sep 2026)
- Motley Fool: Synchrony CD rates & penalties (checked Sep 2026)