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 | |
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High Yield Savings - 4.75% APY - | ||
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 | ||
CreditDonkey® Reviews | ||
Savings | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
CD | ![]() ![]() ![]() ![]() ![]() | |
Checking | ![]() ![]() ![]() ![]() ![]() | |
Money Market | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Online bank offering high rates if you have a large deposit... | Good online bank offering high interest rates... |
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.