![]() Here’s how much you’ll earn from the following terms if you deposit $1,000. That places Synchrony in the upper tier of the competition regarding CD rates. Interest compounds daily, offering you a little more money than CDs that compound monthly or yearly. Right now, Synchrony’s longest CD term offers a 4.00% APY for a five-year term. How much you can earn with Synchrony’s CDs Here’s where Synchrony’s bump-up and no-penalty CD rates currently stand. It’s currently one of the most competitive no-penalty CD rates available, offering 4.50% APY. But if it’s flexibility you’re after, Synchrony’s high-yield savings account may be a better fit. This CD has an 11-month term that doesn’t require a minimum deposit. Synchrony’s no-penalty CD is a good fit if you want access to your money during your CD term. And though experts don’t expect rates to change much soon, now could be a solid time to consider a bump-up CD before rates begin dropping. CD rates have been on a steady incline for the last few weeks, based on the banks we track at CNET. However, once rates begin holding steady or dropping, a bump-up CD isn’t the best option. In a rising rate environment, bump-up CDs are attractive, though they generally have lower interest rates than high-yield CDs. This bank’s bump-up CD lets you request a rate adjustment one time during your CD term if rates rise. ![]() ![]() Synchrony also has two specialty CDs: a one-time bump-up CD and no-penalty CD. Synchrony boasts competitive rates for its high-yield CDs, with its best terms offering over 5.40% annual percentage yield right now. ![]()
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