US Bank vs Synchrony Bank
US Bank is a big national bank with wide array of services and many account options. How does it compare to Synchrony Bank? Read our comparison chart below.
US Bank has over 2,200 branches across 26 states. It has somewhat high minimum balance requirements to waive monthly checking account service fees. Their promotional CD Special offers high interest rates with a $1,000 minimum opening deposit.
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 US Bank with Synchrony Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Visit Site | Learn More | |
US Bank | Synchrony Bank | |
|---|---|---|
U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus - | High Yield Savings - 4.75% APY - | |
Benefits and Features | ||
| Savings | 0.01% APY. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance. | 4.75% 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 | Standard Term CD: 0.05% - 0.25% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $249,999. | 0.25% to 5.15% APY. Terms of 3 months to 5 years. No minimum deposit to open. |
| Checking | ||
| Money Market | 0.01% APY, depending on amount. Minimum opening deposit $100. Monthly maintenance fee $10 unless you have $10,000 daily ledger balance. | 2.25% APY. No monthly service fee and no minimum deposit. |
| ATMs | more than 37,000 ATMs across the country | Any ATMs with Plus or Accel logos |
| 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) |
| IRA CD | 0.25% to 5.00% APY. Terms of 3 months to 5 years. No minimum deposit to open. | |
| IRA Money Market | Minimum opening deposit of $100 or $25 automatic monthly deposit. No monthly maintenance fees. | 2.25% APY. |
| Locations | more than 2,000 branches across the country. | |
CreditDonkey® Reviews | ||
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| Mobile App |  | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Big national bank with wide array of services and many account options... | Good online bank offering high interest rates... |
| Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. US Bank: Pricing information from published website as of 04/09/2024 based on 91107 zip code. Synchrony Bank: Pricing information from published website as of 04/11/2024. | ||
U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $15,000 or more by July 17, 2024
- Maintain that balance until October 31, 2024
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
Silver Business Checking Package - Up to $800 Bonus
Earn up to $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q2AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through August 30, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $400.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Gold Business Checking Package - Up to $800 Bonus
Earn up to $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q2AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through August 30, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $400.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Which is Better: US 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 US Bank or Chase.
In short: Synchrony Bank's savings and money market are notable. In particular, the savings is excellent.
Articles on US Bank
US Bank Review
US Bank Savings Account Interest Rate
Who Owns US Bank
US Bank Silver Business Checking Minimum Balance
US Bank Silver Business Checking Fees
US Bank Business Checking Requirements
US Bank Problems
US Bank vs Chase Business Checking
U.S. Bank Checking Bonus
US Bank Business Checking Bonus
US Bank Routing Number
Articles on Synchrony Bank
Synchrony Bank
Synchrony High Yield Savings
Synchrony Bank CD Rates
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