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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.

Video - Money: Know It to Grow It - IRA

By Synchrony Staff

  • PUBLISHED August 29
  • |
  • 1 MINUTE VIDEO

Transcript:

IRA stands for Individual Retirement Account.

While a traditional savings account can grow your money each year…

…that growth may be subject to taxes.

IRA accounts have special tax advantaged features that allow you to either avoid or defer paying taxes.

With a traditional IRA, you put money into it before you pay taxes on it.

So the money in the account can grow and is not subject to tax until you take it out.

With a Roth IRA, you put money in after you've paid taxes on it.

So your money can grow and, if it qualifies, can be taken out, tax free.

Either way, use of an IRA can help your money work harder…

…so you can rest easier.

So that's IRA. Find more ways to know and grow your money at Synchronybank.com.

 

 

LEARN MORE: Video - Money: Know It to Grow It - High Yield Savings