Synchrony Bank High Yield Savings review

Synchrony's High Yield Savings stands out for one practical reason: an optional ATM card. Most online savings accounts make you transfer money to checking before you can get cash, while Synchrony lets you withdraw at ATMs on the Plus or Accel networks in the U.S. and overseas. Synchrony does not charge for ATM use and refunds domestic ATM fees charged by other institutions up to $5.00 per statement cycle, with unlimited refunds for members with Diamond status in its Perks program. The account has no minimum deposit, no minimum balance and no monthly fees, and transfers to and from external accounts are free. Mobile check deposit is capped at $2,000 per account per day, outgoing wires cost $25.00, and checks are not available on this account. We could not read the current APY from the page as fetched because it loads in a rate widget, so we scored value conservatively. Check the live rate on Synchrony's page before you open.

Who it is for

Savers who want cash access from savings at ATMs without opening a checking account.

Price

$0 monthly fees, no minimum deposit or balance; current APY is shown on Synchrony's rate widget.

No minimum deposit No minimum balance No monthly fees
Quoted from the vendor pricing page on November 8, 2026.

Key features

• No minimum deposit, no minimum balance and no monthly fees
• Optional ATM card for withdrawals at Plus or Accel ATMs in the U.S. and abroad
• Refunds of domestic ATM fees up to $5.00 per statement cycle
• Mobile check deposit up to $2,000 per account per day
• Custom account alerts and a Perks rewards program

Strengths and weaknesses

• Strength: ATM access directly from savings, which most online accounts lack
• Strength: No fees to transfer to and from external accounts
• Strength: FDIC insurance up to $250,000
• Weakness: The rate loads in a widget, so we could not confirm it on the page as fetched
• Weakness: Outgoing wire transfers cost $25.00
• Weakness: No checks on the High Yield Savings account

Key facts

• Monthly fee: $0
• Minimum deposit: None
• ATM card: Optional, Plus and Accel networks
• ATM fee refunds: Up to $5.00 per statement cycle
• Outgoing wire: $25.00

Where it ranks

Synchrony Bank High Yield Savings is No. 9 in our Best High Yield Savings Accounts verdict.