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	Synchrony Bank


	SPECIAL OFFER TD $300 Beyond Checking Bonus - Learn More Read TD Bank Review	SPECIAL OFFER High Yield Savings - 0.50% APY - Learn More Read Synchrony Bank Review
	Benefits and Features
Savings	0.05% 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.	0.50% 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
CD	0.05% APY (up to 0.05% for Rate Bump APY). Terms of 3 months to 5 years. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account).	0.15% to 0.80% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open.
Checking	TD Simple Checking℠, TD Beyond Checking, TD Convenience Checking℠
Money Market	0.01% - 0.02% APY (up to 0.03% 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.	0.35% APY. No monthly service fee and no minimum deposit.
Customer Service	24/7 Live Customer Service (Telephone)	Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET)
ATMs	Approximately 1,300 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida	Any ATMs with Plus or Accel logos
IRA CD	0.05% APY (up to 0.05% 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).	0.15% to 0.80% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open.
IRA Money Market		0.35% APY.
Locations	1300 locations along the east coast.	Online Only
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: 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 Line	East Coast bank with relatively low minimum balance requirements... Read full review	Good online bank offering high interest rates... Read full review

	TD $300 Beyond Checking Bonus TD $150 Convenience Checking Bonus	High Yield Savings - 0.50% APY Money Market Certificate of Deposit
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 7/23/2021.

Member FDIC

TD Beyond Checking - $300 Cash Bonus

Get Deal

New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Rush Bill Payments and more.
Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
Overdraft Payback - Get overdraft fees automatically reversed up to two times a year.
Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
TD checking accounts come with an instant-issue debit card. And, you can pay with confidence with Zero Liability protection and 24/7 fraud monitoring.
Monthly maintenance fee waived on one TD Simple CheckingSM account and any Savings and Money Market accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.

Which is Better: TD Bank or Synchrony Bank?

Still need help deciding which bank reviews & deals 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.