Synchrony Bank CD Rates: Best 1 Year CD Rate at 1.10% APY

Synchrony Bank CD Rates are some of the best CD rates available right now. The bank's 1 year "Optimizer Plus" CD rate tops our list of the best rates at 1.09 percent with an APY of 1.10 percent.  Synchrony Bank, is part of the new Synchrony Financial spun off by General Electric, which was formally known as GE Financial.

GE has filed plans with the Securities and Exchange Commission  to IPO Synchrony Financial sometime in 2014. Ever since the financial crisis when GE Financial almost dragged GE to ruin the parent company wanted to be less reliant on the financial division. GE Capital is still once of the largest divisions for GE, reporting $44.1 billion in revenue last year, or about 30 percent of GE's overall consolidated revenue.

Synchrony Bank's CD rates on their 5 year Optimizer Plus certificate of deposit also has one of the highest CD rates available. Synchrony Bank' 5 year CD rate is currently at 2.25 percent for account balances under $25k and at 2.30 percent for account balances over $25k.

The bank is also offering a special promotional 15 month certificate of deposit. The current 15 month Optimizer Plus CD rate is at 1.15 percent with an APY of 1.15 percent. You have to use offer code BON12 and the account can only be opened online. Listed below are the bank's current CD rates on CD terms of 3 months to 60 months.

CD Rates for Balances of $25,000 to $49,999

  • 3 Month APY 0.35%

  • 6 Month APY 0.65%

  • 9 Month APY 0.70%

  • 1 Year APY 1.10%

  • 18 Month APY 1.05%

  • 2 Year APY 1.15%

  • 3 Year APY 1.30%

  • 4 Year APY 1.75%

  • 5 Year APY 2.30%

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Author: Brian McKay
June 6th, 2014