Synchrony Bank Certificate of Deposit (16 Month CD)

Synchrony Bank's CD lineup spans terms from 3 months to 5 years, plus a Bump-Up CD, a No-Penalty CD and IRA versions. There is no minimum deposit on any term, and Synchrony's rate feed shows the same APY in all three balance bands it lists ($0.01 to $24,999, $24,999.01 to $99,999, and $99,999.01 and above). The page features the 16 month CD at 4.30% APY. The rest of the range as read on October 14, 2026: 6 months 4.10%, 9 months 4.15%, 12 months 4.20%, 13 months 4.40%, 14 and 15 months 4.30%, 18 months, 19 months and 2 years 4.35%, 3 years and 4 years 4.40%, and 5 years 4.50%. The page shows the 13 month CD under Special Member Rates. The 5 year CD pays 20 basis points more than the 16 month CD for 44 more months of commitment, which is a poor trade unless you specifically want to lock in today's rates for a long time. Watch the outliers at the bottom of the menu. The 3 month CD pays 0.25% APY and the 11 month No-Penalty CD also pays 0.25% APY, far below Synchrony's standard CD terms. The 24 month Bump-Up CD pays 3.00% APY, so the option to request one rate increase during the term costs you about 135 basis points up front versus the plain 2 year CD at 4.35%. Do not buy the flexibility products here without comparing them to the plain CD first. The early withdrawal penalty is tiered by term: 90 days of simple interest at the current rate on terms of 12 months or less, 180 days on terms longer than 12 months but under 48 months, and 365 days on terms of 48 months or more. The 16 month CD therefore carries a 180 day penalty. You cannot add money during the term, though you can add funds during the 10 day grace period after maturity, and you can withdraw interest paid during the current term at any time without penalty and route it to a Synchrony savings account or an outside bank. This suits savers who want a CD with no minimum deposit, and people building a CD ladder who value the number of term choices. Skip the 3 month, No-Penalty and Bump-Up versions at current pricing, since they pay 0.25% to 3.00% APY while the plain terms pay 4.10% or more. If you might need the money back inside 16 months, keep in mind the 180 day interest penalty.