The bank has no brick-and-mortar locations. You can browse products, open your account, and fund it all online.
Highlights: Three-month to five-year terms, IRA CD options, FDIC-insuredīread Savings is an online bank that offers high-yield savings accounts and certificates of deposit.Fees: Early withdrawal penalties (90 to 365 days of interest) for withdrawing money before the CD's maturity date.They also offer a tax-advantaged IRA CD, which no other banks we analyzed did. You can get CDs from Synchrony for as little as three months. Not only does Synchrony have the best certificate of deposit rates we found, but they also have the widest range of terms. Synchrony Bank is an online banking institution that offers savings accounts, CDs, money market accounts and credit cards.
