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Add Funds Any Time

Contribute whenever you like within IRS rules.

Tax-advantaged

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

Bank Anywhere, Anytime

View your IRA accounts anytime online or in our app.

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Withdraw Taxes You pay taxes on all amounts withdrawn.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.

Retire with a strategy

Dreaming of a comfortable retirement? With careful planning, you can make it happen. See how a Synchrony Bank IRA Money Market account can help you save smart.

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

Retire with a strategy

Dreaming of a comfortable retirement? With careful planning, you can make it happen. See how a Synchrony Bank IRA Money Market account can help you save smart.

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

Money Market Accounts (MMAs)

APY*

No minimum balance

EXPLORE MONEY MARKET ACCOUNTS

IRA Certificate of Deposit (IRA CD)

APY* at 12 mo

No minimum balance

EXPLORE IRA CDS

FAQ

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.

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.

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.

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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