How safe is Synchrony Bank?
- Don’t want to change their primary checking account
- Want a high-yield deposit account
- Don’t need access to physical branches
- Are interested in the benefits of having a retailer credit card
- Want to finance healthcare expenses over time
People also ask
How safe is Synchrony Bank?
What is Synchrony Bank, and why should you care?
Which banks must be insured by the FDIC?
Can a bank become not FDIC insured?
FDIC Insurance At Synchrony Bank, all our accounts bring you the peace of mind that comes with the protection of FDIC insurance – up to $250,000 per depositor, per insured bank, for each ownership category Your FDIC coverage MAXIMIZED Separate FDIC Insurance for different ownership categories maximizes your coverage.
Account OwnershipAccount TypeAccount OwnersBeneficiarySingleHigh Yield Savings AccountPhiln/aSingle12-month Certificate of DepositPhillysn/aSingle18-month Certificate of DepositPhil Jr.n/aSingleHigh Yield Savings AccountPhilomenan/aSynchrony Bank is FDIC insured We put a lot of confidence in banks—depositing money in accounts and trusting the institution will keep it safe. Reassurance that your funds are fully protected is the purpose of deposit insurance from the Federal Deposit Insurance Corporation (FDIC).
Jan 26, 2021 · Synchrony Bank certificates of deposit (CDs) offer terms of three months to five years, with a $2,000 minimum deposit, and APYs ranging from 0.15% APY on a three-month CD to 1.15% APY on a...
- Ben Gran
- Is Synchrony Bank FDIC insured?Yes, Synchrony Bank is FDIC insured (FDIC# 27314). The federal government protects your money up to $250,000 per depositor, for each account owners...
- Is Synchrony Bank safe?Synchrony Bank offers several security measures, including 128-bit high-encryption browsers, 24/7 security monitoring, multi-factor authentication...
- Since Synchrony Bank is an online bank, how can I make deposits to my account?You can deposit money into your Synchrony Bank account in a few different ways: Transfer from another Synchrony Bank account Electronic transfer (A...
Step up to Synchrony Bank Why look beyond the big banks? As an FDIC-insured online bank, we’re unburdened by the expense of traditional brick-and-mortar branches. That means we can pass those savings on to our customers through our market-leading rates. Experience you can trust.