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Capital One vs Synchrony Bank

Capital One is a good online bank with access to in-person support. How does it compare to Synchrony Bank? Read our comparison chart below.

Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

While Synchrony Bank offers high interest savings with an ATM card for easy withdrawals. There is no minimum deposit. Their CDs require a $2,000 minimum deposit to open. There are no service fees for any products.

Compare Capital One with Synchrony Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Capital One

Synchrony Bank

SPECIAL OFFER
Current Promotion - Learn More

Read Capital One Review

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High Yield Savings - Learn More

Read Synchrony Bank Review

 

Benefits and Features

Savings1.80% APY. No monthly service fee and no minimum deposit.1.90% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle
CD0.60% to 2.10% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.10%. No deposit to open.0.75% to 2.25% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open.
Checking0.20% APY under $50,000; 0.50% APY $50,000 or more; 0.75% APY $100,000 or more. No monthly service fee and no minimum deposit. Overdraft options prevent you from being charged when you accidentally overdraw 
Money Market0.85% APY up to $9,999.99; 1.70% APY $10,000 or more. No monthly service fee and no minimum deposit.1.20% APY. No monthly service fee and no minimum deposit.
Customer Service
Mon-Sun: 8am - 11pm (ET)
Mon-Fri 7am - 12am (ET); Sat-Sun 8am - 5pm (ET)
ATMsOver 39,000 no-fee Capital One & Allpoint ATMsAny ATMs with Plus or Accel logos
IRA CD0.60% to 2.10% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.10%.0.75% to 2.25% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open.
IRA Money Market 1.20% APY.
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • Overdraft protection options
  • No account minimums
  • 27 Capital One cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Pros:
  • Savings with ATM card
  • High APY
  • All balance tiers receive same rate
Cons:
  • No checking account
  • $2,000 minimum deposit for CDs
  • Limited customer service hours
Bottom LineGood online bank with access to in-person support... Read full reviewGood online bank offering high interest rates... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Capital One: Pricing information from published website as of 11/15/2019.

Synchrony Bank: Pricing information from published website as of 11/17/2019.

Which is Better: Capital One or Synchrony Bank?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Capital One or Chase.

In short: Synchrony Bank's savings is excellent.


Articles on Capital One


Articles on Synchrony Bank


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