Synchrony Bank’s Optimizer Plus High Yield Savings account is offering 1.05% APY for all balances with interest rate compounded daily. Synchrony Bank formerly GE Capital Bank has 60 million customer accounts and $35 billion in deposits such as CDs, high yield savings accounts, money market accounts, and IRA CDs. They offer one of the highest interest savings accounts with no monthly fee as long as you keep a $30 minimum balance.
Optimizer Plus banking not only has one of the highest interest rates on the market but gives consumers secure access to manage their accounts such as transaction history, transferring funds and paying bills. The current rate at time of this post is 1.05% APY and is available Nationwide.
Optimizer+plus Perks is a simple reward program for loyal customers that gives the bank a competitive edge when going up against Everbank or one of the other online banks. You’ll get deposit perks such as reimbursements for ATM fees and depending on your reward tier, you’ll get travel savings. With this rewards program you have no points to accumulate or minimum transactions to complete and your rewards grow as your balance grows.
The ATM Reimbursement without the loyalty seems to be up to $5 in ATM fee reimbursements per statement cycle. The E-trade checking accounts pay more than that but without out the high interest. Another benefit is that Synchrony Bank offers full protection against identity theft for your peace of mind.
4.5 out of 5 Stars
The Banklady recommends this bank. Synchrony Bank was also recognized two years in a row from Money Magazine and Bankrate. It’s a stable bank with FDIC insured deposits and offers perks and high interest.