IRA CD Accounts and Rates - Traditional & Roth

Traditional or Roth?

Choose the account types that best fits your needs.

Tax-Advantaged

Get tax benefits based on the type of IRA you choose.

Bank Anytime, Anywhere

View your IRA accounts anytime online or in the Synchrony Bank app. For assistance, call a Banker.

Choose a great rate. Make it count.

Explore Synchrony Bank IRA CD rates and terms.

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How much will you need?

Keep yourself on track to hit your retirement savings goals using this simple calculator.

I am currently years old,

I want to retire when I am years old.

I have already saved $

I expect my annual rate of return to be %

In retirement, I will need $ every month to live the life I dream of.

PER MONTH

You'll need to save a total of

All fields are required.

^Your budget will likely change after you retire.

Read this for more information

^When it comes to saving money, where and how you save are important. A Synchrony Bank IRA CD or IRA Money Market Account can help boost your retirement outlook.

Read this for more information

^When it comes to saving money, where and how you save are important. A Synchrony Bank IRA CD or IRA Money Market Account can help boost your retirement outlook.

Read this for more information

Ready to start saving?

Call 1-866-226-5638 to

Open an Account

Traditional or Roth?

Compare these products. Choose what's right for you. Call 1-866-226-5638 to open an account

	Traditional	Roth
Tax Implications	Funds are tax-deferred; taxed upon withdrawal.	Funds are taxed before funding; qualified withdrawals are tax-free.
Tax Benefits	Earnings grow is tax-deferred.	Earnings growth is tax-free.
Income Requirements	Your income does not affect yearly contribution amount.	Your income affects yearly contribution amount.
Age Restrictions	No restriction.	No restriction.
Early Withdrawal Penalties	59 1/2+ to avoid early withdrawal tax penalty.	59 1/2+ to avoid early withdrawal tax penalty.
Withdraw Taxes	You pay taxes on all amounts withdrawn.	You won't pay taxes upon withdrawal if funds have been in the IRA for 5 years.
Required Minimum Distribution (RMDs)	Must begin at 72.	Do not apply.

Source: Curinos LLC. curinos.com Although the information has been obtained from the various institutions themselves, the accuracy cannot be guaranteed. See disclosures below for more information.

Dreaming of a comfortable retirement? With careful planning, you can make it happen.

See how a Synchrony Bank IRA CD can help you start working toward your goals today.

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Synchrony Bank | Saving for retirement has never been easier, or safer

Dreaming of a comfortable retirement? With careful planning, you can make it happen.

See how a Synchrony Bank IRA CD can help you start working toward your goals today.

READ FAQS CONTACT US

Looking for other options that earn interest? We’ve got them.

IRA Money Market Accounts (MMAs)

APY*

No minimum balance

EXPLORE IRA MMAs

Certificates of Deposit (CDs)

APY* at 12 mo

No minimum balance

EXPLORE CDS

FAQ

Can I transfer my IRA at another financial institution to Synchrony Bank?

Yes. You may transfer your current IRA, roll over your employer-sponsored IRA, or roll over a deceased account holder’s Qualified Retirement Plan to a beneficiary IRA with Synchrony. To do so, please call one of our IRA Specialists at 1-866-226-5638.

Once you’ve opened your Synchrony IRA, you can complete additional transfers using our Transfer Request form or Direct Rollover Request form, available online in our Help & tools section at the bottom of the page, under Bank Forms.

Can I roll over funds from my employer-sponsored retirement plan to my Synchrony Bank IRAs?

Yes, you may roll over funds from specific employer-sponsored retirement plans to a Synchrony Bank Traditional IRA. Please contact an IRA Specialist at 1-866-226-5638 to learn more.

Can I change the beneficiary (or beneficiaries) on my IRA account?

You can change your beneficiaries as many times as you wish. To get started, please fill out the IRA Beneficiary Change form, available online in our Help & Tools section, under Bank Forms.

Have questions or need help? Call us at 1-866-226-5638.

Are Synchrony Bank deposit accounts FDIC insured?

Synchrony Bank is a member of the FDIC. Your deposit accounts are insured up to $250,000.00 per ownership category. To learn more about FDIC coverage, please visit the FDIC website at FDIC: Deposit Insurance At A Glance.

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