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Wells Fargo vs Synchrony Bank

Wells Fargo is an a "big 4" bank with a good range of checking accounts and full services. How does it compare to Synchrony Bank? Read our comparison chart below.

Wells Fargo is one of America's largest banks with over 4,500 locations and approximately 11,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 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 Wells Fargo with Synchrony Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Wells Fargo

Synchrony Bank

SPECIAL OFFER
Personal Checking Account - $2,500 Bonus - Learn More

Read Wells Fargo Review

SPECIAL OFFER
High Yield Savings - 4.75% APY - Learn More

Read Synchrony Bank Review

 

Benefits and Features

Savings0.15% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under.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
CDStandard Fixed Term CD available online: 1.50% to 4.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 4.51% APY if you maintain a linked Portfolio by Wells Fargo relationship. More CD terms are available in branch.2.05% to 5.15% APY. Terms of 3 months to 5 years. No minimum deposit to open.
CheckingClear Access Banking, Everyday Checking, Portfolio by Wells Fargo 
Money MarketAlso known as the Platinum Savings Account. 0.25% - 2.50% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.51% requires account linked to Portfolio by Wells Fargo relationship.2.25% APY. No monthly service fee and no minimum deposit.
ATMsapproximately 11,000 ATMs across the countryAny ATMs with Plus or Accel logos
Customer ServiceAvailable 24 hours a day, 7 days a week.Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET)
IRA CDStandard Term CD: 0.01% to 4.50% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 4.51% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.2.05% to 5.15% APY. Terms of 3 months to 5 years. No minimum deposit to open.
IRA Money MarketAlso known as Retirement High Yield Savings. 0.25% - 2.50% APY. $100 minimum opening deposit.2.25% APY.
LocationsApproximately 4,500+ retail banking branches coast to coast.
Online Only
 

CreditDonkey® Reviews

SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
CDStarStarStarHalf StarEmpty Star
CheckingStarStarStarStarHalf Star
Mobile AppStarStarStarStarStar
Customer ServiceStarStarStarStarHalf StarStarStarStarStarEmpty Star
Money MarketStarStarStarStarEmpty Star
Pros & ConsPros:
  • Low requirements for Everyday Checking
  • Full service bank
  • 24/7 customer service
Cons:
  • Low savings rates
  • Not in all states
Pros:
  • Savings with ATM card
  • High APY
  • All balance tiers receive same rate
Cons:
  • No checking account
  • Limited customer service hours
Bottom LineA "big 4" bank with a good range of checking accounts and full services... 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.

Wells Fargo: Pricing information from the published website as of 03/29/2024 is based on the 91101 zip code.

Synchrony Bank: Pricing information from published website as of 03/16/2024.

Which is Better: Wells Fargo 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 Wells Fargo or Chase.

In short: Synchrony Bank's savings is excellent.


Articles on Wells Fargo

Wells Fargo Bank Review

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.

Wells Fargo High Yield Savings

Looking for a traditional bank to grow your funds? Wells Fargo offers a high-yield savings account with a decent rate. Read on to find out more.

Wells Fargo Bank CD Rates

Wells Fargo is one of the largest banks in the U.S. Should you get a Wells Fargo CD? Might be worth considering. Learn more.

Wells Fargo Bank Hours

Wells Fargo is one of the biggest banks in the country. Here's when you can visit a branch near you.

Wells Fargo Routing Number

Not all routing numbers are the same for Wells Fargo. Here's how to find the routing number for your bank account.

Articles on Synchrony Bank

Synchrony Bank Review

Synchrony offers some of the highest savings and CD rates. But there are downsides. Read this review before you open an account.

Synchrony High Yield Savings Review

Synchrony's high-yield savings account has a high APY with no fees. But they also have more to offer than just that. Read on to know all the details.

Synchrony Bank CD Rates

Are CD rates good at Synchrony Bank? Find out if you should open a Synchrony CD.

Which Do You Think is Best?





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