American Express CD RatesĪmerican Express CDs are another good option if you don't have much money to open an account, because like Synchrony, Amex has a $0 minimum deposit.Īmex's offerings are much more limited, though. Synchrony pays 4.00% APY, while Ally pays 4.00% APY on both the 2-year and 4-year Raise Your Rate CDs. But Ally also has a 4-year term that allows two increases. Both banks have 2-year terms that let you request an increase once. There are a couple of differences, though. They work the same way: If the bank increases its rate on that type of CD during your term, you can request that your rate go up, too. Synchrony has a bump-up CD - Ally offers something similar, but the bank calls it a Raise Your Rate CD. It's worth noting that Synchrony has more term options than Ally, such as 15-, 16-, and 19-month CDs.īoth banks have an 11-month no-penalty CD Synchrony pays 4.50% APY, and Ally pays 4.55% APY. The better rate will depend on which term you choose. Both banks have $0 minimum deposits, and both offer three types of CDs.įor regular high-yield CDs, Synchrony pays 2.25% to 5.65% APY, and Ally pays 3.00% to 5.15% APY. Synchrony Bank CD Rate Comparison Synchrony CD Rates vs.

But it's possible that the bump-up rate could become the more competitive option over a 2-year term. It's worth noting that Synchrony's regular 2-year CD pays a higher rate right now. With a bump-up CD, you can request a rate increase once during the term if Synchrony increases its rate on the CD. The Synchrony Bump-Up CD has a 2-year term and pays 4.00% APY. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Ally cd interest rates