TIAA Bank vs Synchrony Bank

TIAA Bank is an online bank offering high rates if you have a large deposit. How does it compare to Synchrony Bank? Read our comparison chart below.

TIAA Bank promises to deliver a yield in the top 5% of competitive accounts for their Yield Pledge accounts. Checking requires a minimum of $100. Money Market Account requires a minimum opening deposit of $500. High APY. All accounts have no monthly service fees.

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

	TIAA Bank	Synchrony Bank
		SPECIAL OFFER High Yield Savings - 4.75% APY - Learn More Read Synchrony Bank Review
	Benefits and Features
Savings		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
CD	Basic CD: 3.95% - 5.25% APY. Terms of 3 months to 5 years. Minimum deposit of $1,000. No monthly service fee.	2.25% to 5.65% APY. Terms of 3 months to 5 years. No minimum deposit to open.
Checking	Yield Pledge Checking: Up to 0.25% APY. Minimum deposit of $100. No monthly service fee.
Money Market	Up to 4.75% APY. No monthly service fee. Minimum deposit of $500.	2.25% APY. No monthly service fee and no minimum deposit.
Customer Service		Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET)
ATMs		Any ATMs with Plus or Accel logos
IRA CD		2.25% to 5.50% APY. Terms of 3 months to 5 years. No minimum deposit to open.
IRA Money Market		2.25% APY.
Locations		Online Only
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: High APY No monthly service fees Refund ATM fees Cons: Large minimum deposit	Pros: Savings with ATM card High APY All balance tiers receive same rate Cons: No checking account Limited customer service hours
Bottom Line	Online bank offering high rates if you have a large deposit... Read full review	Good online bank offering high interest rates... Read full review
		High Yield Savings - 4.75% APY Money Market 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. TIAA Bank: Pricing information from published website as of 09/02/2023. Synchrony Bank: Pricing information from published website as of 12/06/2023.

Which is Better: TIAA Bank 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 TIAA Bank or Chase.

In short: TIAA Bank's customer service is impressive. Synchrony Bank's savings is excellent.

Articles on TIAA Bank

TIAA Bank Review

If you have a large opening deposit, TIAA Bank provides a variety of options at high rates. But there are downsides. Read on to see if it's right for you.