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ALERT: Communication for customers impacted by California Wildfires

Our thoughts are with those affected by the California Wildfires. We are here to help customers who've been impacted and contact us by evaluating:

waiving of certain fees
increases in credit limits on their cards to help with additional, necessary purchases

In times like these, people come together to help those in need. At Synchrony, it’s our job not only to help our customers every day – but also when disasters like these strike.

IRA Money Market Accounts

Keep adding to your retirement plan.

%

APY*

No minimum deposit

Call 1-866-266-5638 to open an account

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 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.

READ FAQS CONTACT US

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

%

APY*

Non-IRA Money Market Accounts

No minimum balance

EXPLORE NON-IRA MMA

%

APY*

IRA Certificate of Deposit

at 12 months

No minimum balance

EXPLORE IRA CDS

FAQs

VIEW ALL FAQs

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?

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

Are Synchrony Bank deposit accounts FDIC insured?

VIEW ALL FAQs

Be in the know about making your money grow

*DISCLOSURES:

ANNUAL PERCENTAGE YIELD (APY): All APYs are accurate as of .

APYs are subject to change at any time without notice. Offers apply to personal accounts only. Charges for specific services may reduce earnings. For Money Market accounts, the rate may change after the account is opened. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. IRAs cannot be opened online. See all IRA CD rates and terms offered here. Synchrony Bank does not provide tax advice. Please consult your tax advisor for actual advantages and any potential tax implications before establishing or making contributions to an IRA.

NATIONAL AVERAGE: National Average APYs are based on specific product types of top 50 U.S. banks (ranked by total deposits) provided by Curinos LLC as of 12/02/2024. Money Market Account Rates: Average APYs are based on Money Market Accounts of $10,000. Curinos data is obtained from public sources; accuracy and completeness is not guaranteed. Curinos is not liable for reliance on the data.

FDIC INSURANCE: up to $250,000 per depositor, per insured bank, for each ownership category.

^The annual rate of return you enter should be the average annual return that you expect from your savings and investments during retirement. The calculation assumes an annual rate of return based on your selection. It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. Depending on the rate of return, you may reach your savings goal sooner or later than this calculation.