Synchrony Bank CD Rates and Review (October 2026): 4.50% 60-Month, IRA CDs and Bump-Up CD
Written & reviewed by Hans Goldstein, EA, independent licensed insurance producer · CA license 4273294 · NPN 20602398Admitted to practice before the IRS
Rates checked against synchrony.com on October 3, 2026 · Last reviewed
Short answer
Synchrony's best CD rate is 4.50% APY on the 60-month CD, as of October 3, 2026, followed by 4.40% on the 13, 36 and 48-month terms. The 12-month pays 4.20% and there is no minimum deposit. Synchrony IRA CDs pay the same 4.50% on 60 months and 4.20% on 12 months, but the 13 to 16-month IRA terms pay only 3.80%, and the No-Penalty CD pays 0.25%.
CD vs MYGA, after tax
What $100,000 earns in 5 years: CD vs MYGA, after tax
Rates used: CD 5.00%, the top nationally available 5-year CD (Bankrate, October 14, 2026); change it to the rate you are offered. MYGA 5.95%, the best A-rated rate we track as of October 13, 2026: Delaware Life Pinnacle Plus 5-year (AM Best A-, negative outlook, 7/31/2026), $100,000 and up, effective October 6, 2026 (Delaware Life rate sheet).
| CD, interest taxed every year | $121,081 |
|---|---|
| MYGA, tax-deferred, before tax | $133,507 |
| MYGA after paying tax on all the interest at withdrawal | $126,136 |
| Tax deferral alone adds about | $674 |
| MYGA ahead of the CD, after tax | $5,055 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
Synchrony Bank CD rates today
| Term | APY | Interest rate |
|---|---|---|
| 3 months | 0.25% | 0.25% |
| 6 months | 4.10% | 4.01% |
| 9 months | 4.15% | 4.06% |
| 11 months (No-Penalty) | 0.25% | 0.25% |
| 12 months | 4.20% | 4.11% |
| 13 months | 4.40% | 4.30% |
| 14 months | 4.30% | 4.21% |
| 15 months | 4.30% | 4.21% |
| 16 months | 4.30% | 4.21% |
| 18 months | 4.35% | 4.25% |
| 19 months | 4.35% | 4.25% |
| 24 months | 4.35% | 4.25% |
| 24 months (Bump-Up) | 3.00% | 2.95% |
| 36 months | 4.40% | 4.30% |
| 48 months | 4.40% | 4.30% |
| 60 months | 4.50% | 4.40% |
Synchrony Bank IRA CD rates
Synchrony posts a separate IRA CD rate sheet, and it is not identical to the regular one. On October 3, 2026 the long IRA terms matched (4.40% on 36 and 48 months, 4.50% on 60 months), but several short IRA terms paid less: 3.80% from 13 to 16 months versus 4.30% to 4.40% outside an IRA. Synchrony says IRAs cannot be opened online; you open them by phone. The IRA Money Market Account paid 2.00%.
| IRA CD term | APY |
|---|---|
| 3 months | 0.25% |
| 6 months | 3.25% |
| 9 months | 3.50% |
| 12 months | 4.20% |
| 13 to 16 months | 3.80% |
| 18 months | 4.35% |
| 19 months | 3.50% |
| 24 months | 4.35% |
| 36 months | 4.40% |
| 48 months | 4.40% |
| 60 months | 4.50% |
If you are moving an IRA from a maturing CD elsewhere, see IRA CD vs MYGA: inside an IRA, the tax deferral of a MYGA adds nothing, so the comparison is rate, term and early-exit cost only.
How does the Synchrony Bump-Up CD work?
The 24-month Bump-Up CD paid 3.00% APY on October 3, 2026. Synchrony lets you request one rate increase during the term if its offered rate for the Bump-Up CD rises. The regular 24-month CD paid 4.35% the same day, so rates would have to rise 1.35 points before the bump-up feature caught up. For most savers the regular 24-month is the better buy today.
What happens when a Synchrony CD matures?
If the CD rolls over, Synchrony says you earn the offered rate for your CD type in effect at that time. It does not lock in today’s rate, so check the rate sheet before maturity, especially on terms like the No-Penalty CD that currently pay 0.25%.
What stands out
- No minimum. Every Synchrony CD opens with any amount.
- The long end now pays the most. 60 months at 4.50% and 36 to 48 months at 4.40% (October 3, 2026). The 48-month dead spot from September (4.00%) is gone.
- 13 months beats 12: 4.40% versus 4.20%.
- The No-Penalty and Bump-Up CDs are weak at 0.25% and 3.00%.
- FDIC: Synchrony Bank, cert 27314.
How the Synchrony 60-month compares
| 5-year option | APY | As of |
|---|---|---|
| Synchrony 60-month CD | 4.50% | Oct 3, 2026 |
| Capital One 360 60-month CD | 3.60% | Sept 24, 2026 |
| Navy Federal 5-year certificate ($1K / $100K+) | 3.85% / 3.90% | Sept 24, 2026 |
| Best nationally available 5-year CDs | 4.35%-4.50% | Sept 24, 2026 |
| A-rated-or-better 5-year MYGAs | ~5.50%-6.05% | October 14, 2026 |
Rates expire like milk.
The best MYGA, CD and savings rates change every few weeks. Get a short email when a rate on this page changes.
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From my desk: Hans Goldstein, licensed insurance producer (NPN 20602398)
Synchrony is one of the few online banks where the 5-year CD is the top rate on the sheet, 4.50% on October 3, 2026. When a client wants five years of FDIC-insured money, it is one of the first places I check.
The mistake I watch for is IRA money. People see 4.40% on the 13-month and open an IRA CD by phone, but the IRA sheet paid 3.80% on that term. Always read the IRA table, not the regular one.
Example ($250,000, 5 years, 24% federal bracket, state tax ignored): the Synchrony 60-month at 4.50% ends near $295,800 after tax is paid each year; a 5-year MYGA at 5.50% (low end of 5.50% to 6.05% for A-rated insurers, public carrier rate sheets, October 14, 2026) ends near $308,300 after tax is paid at the end, about $12,500 more. The MYGA rate is guaranteed by the issuing insurer and backed by its claims-paying ability, not the FDIC, and has surrender charges. Compare Marcus CD rates, Ally CD rates and the best 5-year CDs.
Who Synchrony CDs fit
- Savers with small or odd amounts: no minimum on any term.
- 3 to 5-year money that must stay FDIC-insured: 4.40% to 4.50% (October 3, 2026).
- 13-month money at 4.40%.
Less of a fit: anyone who wants a no-penalty or bump-up feature at a competitive rate today, or short IRA terms, which pay less than the regular sheet.
Synchrony 60-month CD vs. a 5-year MYGA
| $250,000 for 5 years | Synchrony 60-month CD | 5-yr MYGA at 5.50% |
|---|---|---|
| Rate | 4.50% APY (October 3, 2026) | 5.50% (fixed for the term) |
| Tax on interest | Every year (1099-INT) | Deferred until withdrawn |
| Value after 5 years, after 24% federal tax | ~$295,800 | ~$308,300 (tax paid at the end) |
| Protection | FDIC, $250K per ownership category | Insurer claims-paying ability + state guaranty association (limits vary by state) |
| Getting out early | Interest penalty | Surrender charge above the free-withdrawal amount; IRS 10% penalty before 59½ |
About $12,500 more after tax on the MYGA (24% federal bracket, state tax ignored). For money you may need inside two years, or that must stay FDIC-insured, the CD is the right tool. Fixed annuity benchmark: carriers rated A or better topped out around 5.50% to 6.05% on 5-year compound-interest MYGAs, per public carrier rate sheets, October 14, 2026. Rates vary by state, premium and carrier.
A multi-year guaranteed annuity (MYGA) is the insurance version of a CD: one fixed rate for a set term. As of October 14, 2026, A-rated-or-better insurers were paying about 5.50% to 6.05% on 5-year MYGAs. The best nationally available 5-year CDs paid about 4.70% to 5.00% APY, and big-institution 5-year CDs less (as of September 24, 2026: Capital One 360 60-month 3.60%, Navy Federal 5-year 3.85 to 3.90%). A MYGA also defers the tax, where a CD or money market fund is taxed every year on interest you have not spent.
The trade is liquidity: breaking a MYGA early costs a surrender charge, not a few months of interest, and it is backed by the insurer and your state guaranty association rather than the FDIC. See the side-by-side · Current MYGA rates
Sources: public carrier rate sheets (MYGAs, as of October 14, 2026; rates vary by state, premium and carrier); Bankrate 5-year CD table (as of October 14, 2026); capitalone.com; navyfederal.org (as of September 24, 2026). Rates change often; confirm before you buy.
Related: best 5-year CD rates · Marcus CD review · Sallie Mae CD review
Synchrony CD rates: FAQ
What are Synchrony Bank CD rates today?
As of October 3, 2026: 3 months 0.25% APY, 6 months 4.10%, 9 months 4.15%, 12 months 4.20%, 13 months 4.40%, 14 to 16 months 4.30%, 18, 19 and 24 months 4.35%, 36 and 48 months 4.40% and 60 months 4.50%. No minimum balance.
What is Synchrony's best CD rate?
The 60-month CD at 4.50% APY, followed by the 13, 36 and 48-month at 4.40%, as of October 3, 2026.
Does Synchrony have a no-penalty CD?
Yes, an 11-month No-Penalty CD, but it paid only 0.25% APY on October 3, 2026. Withdrawals are not permitted in the first 6 days after funding, and after that only the entire balance can be withdrawn.
What does the Synchrony Bump-Up CD pay?
The 24-month Bump-Up CD paid 3.00% APY on October 3, 2026, with one rate increase allowed during the term if Synchrony’s rate for that CD rises. The regular 24-month CD paid 4.35%.
Are Synchrony CDs FDIC insured?
Yes. Synchrony Bank (FDIC cert 27314) deposits are insured up to $250,000 per depositor, per ownership category.
Synchrony 60-month CD or a 5-year MYGA?
For money you will not touch for five years, a MYGA usually pays more: roughly 5.50%-6.05% from A-rated-or-better insurers on October 14, 2026 versus 4.50% at Synchrony (October 3, 2026), with tax deferral. On $250,000 (24% federal bracket) that is about $12,500 more after tax.
My take
Synchrony's 60-month CD at 4.50% (October 3, 2026) is at the top of nationally available 5-year rates, with no minimum. Pick terms carefully; the 13, 36 and 48-month at 4.40% are the other sweet spots, and IRA terms differ. For five-year money that does not need FDIC insurance, compare a MYGA first.
Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398) and is not affiliated with Synchrony Bank. Rates are copied from the sources named, as of the date shown; confirm the current rate before opening. MYGA figures are illustrations, not quotes.
Synchrony CD maturing? Compare a MYGA first
Talk to Hans Goldstein, a licensed independent insurance producer.
Synchrony's 60-month CD pays 4.50% APY (October 3, 2026), taxed every year. A-rated 5-year MYGAs were paying about 5.50%-6.05% on October 14, 2026, tax-deferred.
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Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
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Disclosure
This review reflects publicly available Synchrony Bank rate sheets and FDIC filings as of the date stated above. CD APYs change frequently, sometimes weekly. Always confirm current rates at synchronybank.com before opening an account. This article is general information for educational purposes; it is not a personalized recommendation, solicitation, or offer of any specific bank or insurance product. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) appointed with multiple A-rated annuity carriers; Hans is not a bank employee, not affiliated with Synchrony, and receives no compensation from any bank for this review. Comparisons between CDs and MYGAs reflect representative rates as of the dates shown on this page and are illustrative. Your individual rate, tax situation, and suitability will vary. Always read the actual CD disclosure or annuity contract and consult a licensed advisor before purchasing. FDIC coverage is subject to current FDIC rules and the $250,000 per-depositor, per-bank, per-ownership-category limit. State guaranty association coverage on annuities varies by state. Tax treatment is subject to change.