Synchrony Bank is one of the largest online banks in the U.S. and is quickly becoming one of the most popular financial institutions with consumers. Their services are designed to simplify finance and increase convenience for the average user. However, the biggest benefit of Synchrony Bank is their impressive savings accounts. Synchrony Bank savings accounts offer many advantages to users that have made them increasingly popular.

The first benefit of Synchrony Bank savings is their competitive interest rates on savings accounts. Synchrony offers higher interest rates than traditional banks, often providing up to five times the national average. Furthermore, Synchrony Bank does not require any minimum balance or fees to open and use your saving account. This is great for people with smaller deposits or those who may not be able to keep a regular balance.

Synchrony also offers unique savings options that combine the convenience of an online savings account with the flexibility of a checking account. Through Synchrony BuxPlus, users are able to transfer money, make deposits and withdrawals, and even pay bills through their savings account. This provides an incredible amount of convenience and flexibility, meaning you'll never need to worry about having to transfer money to a different bank account