Authority: Synchrony Bank was renamed from GE Capital Retail Bank that had acquired the deposit business of Metlife Bank. It is a US nationally chartered bank. Deposits are FDIC insured.
How to open a Synchrony Bank Certificate of Deposit:
You may apply directly online at the website: https://www.synchronybank.com
Call them at 1-866-226-5638)
You may also apply by downloading an application which you can print and then return by mail to the appropriate address indicated at their website.
Information on Synchrony Bank 1 Year CD Rates:
Similar to other US banks, Synchrony Bank CD Rates can be dependent on the policy decisions of the Federal Reserve. When Synchrony Bank sets 1 year CD Rates, forecasting monetary policy decisions by the Federal Reserve as well as internal margins required by bank can be highly influencial on whether the bank decides to raise or lower rates.
The current interest rate displayed is for a deposit $100,000+ for a 12 month period
Note that Synchrony Bank deposit accounts have moved over from MetLife Bank.
The rate of 1.25% is 0.72% higher than the average 0.53%. Also it is -1.25 % lower than the highest rate. Updated Feb, 2017