Synchrony bank 1.75% apy savings account legit?

Jun 29, 2018 17 Comments

Currently savings in another account but want a higher interest option. Anyone know if this is legit (read: won't take/lose/bankrupt my money)? All I know is it's a FICO backed online bank.

comments

Want to comment? LOG IN or SIGN UP
TOP 17 Comments
  • Rackspace rEEp18
    Rate of inflation is 1.9 for 2018. You are literally paying them to keep your money there. Not an investment.
    Jun 29, 2018 4
    • LinkedIn Zeiwkf5
      Yes but it’s risk free. Can’t do better while staying liquid and risk free
      Jun 29, 2018
    • OP
      Ye it's for my emergency fund so need it to be accessible. But on the investment front, any suggestions for a low risk good short to mid term return?
      Jun 29, 2018
    • LinkedIn Zeiwkf5
      Vanguard life strategy funds. Choose your level of risk.
      Jun 29, 2018
    • Rackspace rEEp18
      Be careful investing right now. I know alot of investors I trust that are halving their investments in prep for the next market drop.
      Jul 1, 2018
  • Microsoft / Eng Tier 1
    FDIC backed... smh

    And yes it’s legit
    Jun 29, 2018 2
    • OP
      Calm down abbr nazi 😂
      Jun 29, 2018
    • Microsoft / Eng Tier 1
      Abbr nazis are the best kind of nazi
      Jun 29, 2018
  • Amazon / Eng sos567
    Amex also 1.75
    Jun 29, 2018 0
  • Gusto halfhappy
    legit
    Jun 29, 2018 0
  • LinkedIn Zeiwkf5
    Vanguard prime money market fund is almost 2%.
    Jun 29, 2018 1
    • LinkedIn Zeiwkf5
      Correction. More than 2% now. Not 100% risk free technically but close to.
      Jun 29, 2018
  • Amazon / Eng Pen Island
    Poppy bank has 2.5%
    Jun 29, 2018 1
    • Amazon
      3headed🐒

      Amazon

      PRE
      Microsoft
      3headed🐒more
      That's CD, not saving account
      Jun 29, 2018
  • Uber ijCd33
    Ally raised to 1.75%
    Jul 2, 2018 0
  • New / Eng stellar
    Marcus by Goldman Sachs has 1.80% APY
    Jun 29, 2018 0
  • PayPal Dgof20
    Synchrony is a public company.
    Jun 29, 2018 0