Synchrony Bank is one of the most prominent online banks in the market. It operates as a subsidiary of Synchrony Financial, one of the premier consumer financial services companies and the largest provider of private label credit cards in the United States. It offers certificate of deposits, money market accounts, savings accounts, IRA CDs and IRA money market accounts. The Bank's Optimizer+plus savings CDs have been named the "Best CD" by Money Magazine (Best Banks in America list). With over 10,000 employees, it has approximately $63 billion in loans, $58 billion in deposits and $79 billion in assets (3/2018). The company is based in Draper, Utah.
High Yield Savings Account
>Annual Percentage Yield (APY): 1.65%
>No minimum balance or monthly service fee
>Easy withdrawals online, over the phone or with an ATM card
>Deposit accounts are fully FDIC insured
>24/7 automated telephone service.
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