Synchrony Bank vs Wells Fargo

Synchrony Bank is a good online bank offering high interest rates. How does it compare to Wells Fargo? Read our comparison chart below.

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.

While Wells Fargo is one of America's largest banks with approximately 4,100 locations and more than 11,000 ATMs. Offers many checking options, including Everyday Checking and Clear Access Banking for those who have financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.

Compare Synchrony Bank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Synchrony Bank	Wells Fargo
		Member FDIC
	Learn More	Learn More
	SPECIAL OFFER High Yield Savings - 4.00% APY - Learn More Read Synchrony Bank Review	SPECIAL OFFER Personal Checking Account - $125 Bonus Read Wells Fargo Review
	Benefits and Features
Savings	4.00% 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	0.01% 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.
CD	0.25% to 4.35% APY. Terms of 3 months to 5 years. No minimum deposit to open.	Standard Fixed Term CD available online: 2.00% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Relationship APY: 2.01% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD. More CD terms are available in branch.
Checking		Clear Access Banking, Everyday Checking, Prime Checking, Premier Checking
Money Market	2.00% APY. No monthly service fee and no minimum deposit.
Mobile App	iOS & Android	iOS & Android
ATMs	Any ATMs with Plus or Accel logos	11,000+ ATMs across the country
Customer Service	Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET)	Available 24 hours a day, 7 days a week.
IRA CD	0.25% to 4.15% APY. Terms of 3 months to 5 years. No minimum deposit to open.	Standard Term CD: 0.01% to 2.75% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Relationship APY: 0.02% to 2.76% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD.
IRA Money Market	2.00% APY.
Locations	Online Only	approximately 4,100 retail banking branches coast to coast
	CreditDonkey® Reviews

Savings
Money Market
Customer Service
CD
Checking
Mobile App
Pros & Cons	Pros: Savings with ATM card High APY All balance tiers receive same rate Cons: No checking account Limited customer service hours	Pros: Low requirements for Everyday Checking Full service bank 24/7 customer service Cons: Low savings rates Not in all states
Bottom Line	Good online bank offering high interest rates... Read full review	A "big 4" bank with a good range of checking accounts and full services... Read full review
	Learn More	Learn More
	High Yield Savings - 4.00% APY Money Market - 2.00% APY Certificate of Deposit
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Synchrony Bank: Pricing information from published website as of 04/18/2025. Wells Fargo: Pricing information from the published website as of 04/17/2025 is based on the 91101 zip code.

Which is Better: Synchrony Bank or Wells Fargo?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Synchrony Bank or Chase.

In short: Synchrony Bank's savings is excellent.

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.

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.