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TD Bank vs Synchrony Bank

TD Bank is an east Coast bank with relatively low minimum balance requirements. How does it compare to Synchrony Bank? Read our comparison chart below.

TD Bank has 1,300 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.

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

 TD Bank
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TD Bank

Synchrony Bank

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TD Beyond Checking - Learn More

Read TD Bank Review

SPECIAL OFFER
High Yield Savings - 1.05% APY - Learn More

Read Synchrony Bank Review

 

Benefits and Features

Savings0.05% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older.1.05% 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
CD0.10% - 0.15% APY (up to 0.50% for Rate Bump APY). Terms of 3 months to 5 years. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account).0.25% to 1.20% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open.
Money Market0.01% - 0.10% APY (up to 0.15% for Rate Bump APY) for amounts up to $250,000. No minimum deposit. $11 or $12 monthly maintenance fee waived if 1) minimum $2000 balance or 2) over 62 years old.0.60% APY. No monthly service fee and no minimum deposit.
Customer Service24/7 Live Customer Service (Telephone)Mon-Fri 8:00 am - 8:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET)
ATMsApproximately 1,300 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and FloridaAny ATMs with Plus or Accel logos
IRA CD0.10% - 0.15% APY (up to 0.50% for Rate Bump APY). Terms of 3 months to 5 years. Minimum deposit of $250. Additional contributions and penalty-free withdrawal available (depending on account).0.25% to 1.20% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open.
IRA Money Market 0.60% APY.
Locations1300 locations along the east coast.
Online Only
 

CreditDonkey® Reviews

 TD Bank
Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • Extended banking hours
  • Low requirements to waive monthly fees
  • No foreign transaction fees
Cons:
  • No free checking
  • Low APY
  • Only on East Coast
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 LineEast Coast bank with relatively low minimum balance requirements... Read full reviewGood online bank offering high interest rates... Read full review
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What Others View

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

    TD Bank: Pricing information from published website as of 01/08/2020 based on 08034 zip code.

    Synchrony Bank: Pricing information from published website as of 07/02/2020.

    Which is Better: TD Bank or Synchrony Bank?

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

    In short: TD Bank's customer service is outstanding. Synchrony Bank's savings and money market are notable. In particular, the savings is excellent.


    Articles on TD Bank


    Articles on Synchrony Bank


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