Synchrony Bank is best known for private label credit cards but they also have a popular online bank offering that has competitive interest rates in checking, savings, CDs, and money market accounts.
From time to time, they will run some bank bonuses so it’s always good to keep an eye out if you’re looking to open an account.
Here’s what they have available right now:
💰 Get $300, $700, or $1,500 from a Citi Priority Account Today!
Citi Priority is offering $300, $700, or $1,500 when you open a Citi Priority Account by 7/17/2022.
Then, within 20 days of opening your account, deposit New-to-Citi funds and keep it there for 60 days after the 21st day. The bonus is based on the amount you transfer.
This is a limited time offer so don’t wait!
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Synchrony Bank Bonus – No Cash Bonus
In the past, Synchrony Bank may have offered a bank bonus but there is currently no active bonus available. When one is made available, we will update this site with the pertinent details.
Until then, the best Synchrony Bank has to offer is “special” rates on their deposit products. (they’re not that special)
High Yield Savings – 0.60% APY 🤷
The high yield savings currently offers a yield of 0.60% APY, which is about average for online savings accounts right now (surprisingly). There are no minimums, no monthly fees, and is a pretty standard offer.
16-Month Certificate of Deposit – 1.85% APY 🤷
If you’re looking for a CD, then they are offering a “Special Offer” on their 16-month term CD with a 1.85% APY and no minimum balance. It’s an OK rate – by comparison, Ally Bank is paying 1.65% APY on an 18 month Cd so it’s a little higher.
Also, right now Series I bonds are paying out close to 10% so it’s really not as appealing if you can hold it for at least a year. Series I bonds are not CDs but they are a comparable product for this comparison.
Personally, I’d rather go with a Series I bond than a 16-month CD. (the only hard restriction is that you can’t withdraw money from a Series I bond in the first 12 months, no exceptions)
What Other Offers Are There?
While Synchrony Bank doesn’t have any offers, there are several out there that can put hundreds of dollars into your pocket. Some require you to set up and receive a direct deposit while others simply require a sizable deposit.
Here are some of the better known offers available right now:
⭐Citi Priority Account – $300, $700, or $1,500
Citi Priority is offering $300, $700, or $1,500 bonus when you open an account by 7/17/2022. Then, within 20 days of opening your account, deposit at least $15,000 in New-to-Citi funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $15,000.
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH222 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.
Chase Total Checking® – $200
Chase Bank will give you $200 when you open a Total Checking account and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
SoFi Money – up to $300
SoFi Money will give you up to $300 if you open an account and make direct deposits of at least $1,000. The bonus will be based on the total amount of those direct deposits in a 30-day evaluation period.
HSBC Premier Checking – $450
HSBC has an offer where you can get $450 for eligible new customers who open an HSBC Premier checking account and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.
Huntington Bank – up to $300
If you are a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin then you could get up to $300 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region.
TD Bank – $300 or $150
TD bank has two bank offers for checking accounts and both are fairly easy to attain. For example, get $300 when you open a TD Beyond Checking account and receive direct deposits of $2,500 or more within 60 days of opening your account.
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