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Synchrony is as safe as any other bank. Synchrony is a member of the FDIC, so all of the deposit accounts are FDIC insured for up to $250,0000 per ownership category.
Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. [2] The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
And your money stays as safe as at your neighborhood bank, protected by FDIC insurance for up to $250,000. ... Synchrony and other trusted providers as of Tuesday, December 31, 2024. ...
Type of bank or financial institution. Today’s best interest rates are offered by digital banks, with few exceptions among traditional brick-and-mortar banks or credit unions.
Synchrony Bank also lets you withdraw the interest from your CD at any time without penalty — which, depending on how much you deposit, could help you cover an unexpected expense without too ...
The site provides consumers with a line of revolving credit through Synchrony Bank. [2] It allows purchases to be made online without the use of a credit card by creating a line of credit. Customer, can either pay off the balance at a later date or pay it in installments.
To make sure that an online bank is FDIC insured, you can use the FDIC's BankFind tool, or give them a call at 877-275-3342. Online banks offer the same digital security as traditional banks
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