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Synchrony Bank
4.7
based on 17 Reviews
Company Overview
Company Locations
Working at Synchrony Bank
Company Summary
Overall Rating
4.7/5
based on 17 reviews
23% above
industry average
Highly rated for
Job security, Work-life balance, Company culture
Work Policy
Rotational Shift
64% employees reported
Flexible timing
92% employees reported
No travel
92% employees reported
View detailed work policy
Top Employees Benefits
Office cab/shuttle
2 employees reported
Child care facility
2 employees reported
Free meal
2 employees reported
Office gym
2 employees reported
View all benefits
About Synchrony Bank
Founded in--
India Employee Count--
Global Employee Count10k-50k
HeadquartersCosta Mesa
Office Locations
--
Websitesynchronybank.com
Primary Industry
Other Industries
--
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Synchrony Bank Ratings
based on 17 reviews
Overall Rating
4.7/5
How AmbitionBox ratings work?
5
14
4
2
3
1
2
0
1
0
Category Ratings
4.9
Job security
4.8
Work-life balance
4.7
Company culture
4.5
Salary
4.5
Skill development
4.5
Work satisfaction
4.3
Promotions
Synchrony Bank is rated 4.7 out of 5 stars on AmbitionBox, based on 17 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Synchrony Bank Reviews
Compare Synchrony Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.7/5 based on 17 reviews | 4.0/5 based on 38k reviews | 3.9/5 based on 39.3k reviews | 3.8/5 based on 25.3k reviews |
Highly Rated for | Job security Work-life balance Company culture | Job security Skill development Company culture | Job security Skill development | No highly rated category |
Critically Rated for | No critically rated category | No critically rated category | Promotions | Promotions |
Primary Work Policy | - | Work from office 92% employees reported | Work from office 84% employees reported | Work from office 80% employees reported |
Rating by Women Employees | 4.7 Excellent rated by 6 women | 3.9 Good rated by 10k women | 3.7 Good rated by 8.2k women | 3.6 Good rated by 5.5k women |
Rating by Men Employees | 4.6 Excellent rated by 9 men | 4.0 Good rated by 26.2k men | 3.9 Good rated by 29.1k men | 3.8 Good rated by 18.7k men |
Job security | 4.9 Excellent | 4.1 Good | 4.0 Good | 3.7 Good |
View more
Synchrony Bank Salaries
Synchrony Bank salaries have received with an average score of 4.5 out of 5 by 17 employees.
Senior Associate
(7 salaries)
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₹3.2 L/yr - ₹6 L/yr
Senior Analyst
(5 salaries)
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₹5.5 L/yr - ₹10.6 L/yr
Associate Vice President
(4 salaries)
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₹28.5 L/yr - ₹45 L/yr
Service Delivery Manager
(4 salaries)
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₹11.8 L/yr - ₹16.9 L/yr
Quality Analyst
(4 salaries)
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₹3.1 L/yr - ₹6 L/yr
Customer Service Representative
(4 salaries)
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₹2.9 L/yr - ₹3 L/yr
Analytics Manager
(4 salaries)
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₹15.3 L/yr - ₹17.6 L/yr
Senior Customer Service Representative
(4 salaries)
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₹3 L/yr - ₹5.2 L/yr
Assistant Vice President
(3 salaries)
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₹46 L/yr - ₹60 L/yr
Team Lead
(3 salaries)
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₹4.5 L/yr - ₹19 L/yr
Synchrony Bank News
CD Rates Today: February 20, 2025 – Earn Up To 5.06%
- CD rates today can earn up to 5.06% based on certificate term lengths, offering fixed interest rates for a set period.
- Short-term savings goals can benefit from three-month CDs with a current average rate of 1.3% and a high rate of 4.79%.
- Consider a six-month CD for high yields, with the best rate today at 4.94% and an average rate of 1.82%.
- A 12-month CD offers the highest interest rate at 5.02% while the average APY remains at 1.86%.
- 24-month CDs provide interest rates up to 4.52%, with an average APY of 1.68%.
- For longer terms, three-year and five-year CDs offer rates up to 4.65% and 4.43%, respectively.
- Jumbo CDs require larger deposits but can offer competitive rates, such as 4.94% for a 6-month term.
- Digital banks like Chase Bank, Capital One, and Synchrony Bank may offer higher CD rates due to lower overhead costs.
- CDs provide a safe investment option with FDIC insurance up to $250,000 in case of bank failure.
- CDs typically offer higher interest rates than high-yield savings accounts and are considered a safe investment choice.
- CD interest rates are calculated by focusing on specific types of CDs, excluding others like promotional offers and relationship-based rates.
Forbes | 20 Feb, 2025
Today’s CD Rates: January 31, 2025—Take Home More Than 5%
- CDs are fixed interest rate savings accounts that offer better yields than high-yield savings accounts. The current top interest rate on 3-month CDs is 4.79% and on 6-month CDs is 5.01%.
- For 1-year CD terms, the best rate currently available is 5.02%, and for 2-year CD terms, the highest rate is 4.52%. The highest rate on a 3-year CD is 4.65%, while the highest rate on a 5-year CD is 4.50%.
- Jumbo CDs may require a deposit of $100,000 or greater but some institutions may use a smaller threshold. The best jumbo CD rate for a 6-month term is 5.25%.
- Digital banks often offer better CD rates than traditional banks as digital banks have lower overhead costs. Chase Bank, Capital One, and Synchrony Bank are some of the banks with top CD rates.
- CDs generally require a minimum deposit to open an account, but some financial institutions may require only a dollar. Also, you cannot add to your deposit once the term begins. The early withdrawal penalty can be significant.
- CDs are a relatively simple savings tool that offers the best interest rates on savings. Stocks and bonds are much more volatile but may offer higher returns in the long run.
- The FDIC provides up to $250,000 in coverage in case the bank issuing the CD fails, while the National Credit Union Administration insures shares purchased from federal and most state-chartered credit unions up to the same limit.
- Certain types of CDs such as promotional offers, relationship-based rates, private, youth, senior, student/minor, affinity, bump-up, no-penalty, callable, variable, step-up, auto transfer, club, gifts, grandfathered, internet-only and IRA CDs are not considered in calculating the average CD rate.
Forbes | 19 Feb, 2025
CD Rates Today: February 7, 2025—Take Home More Than 5%
- CDs offer a fixed interest rate and a maturity period. Three-month CDs, on average, earn 1.30% and the highest rate is 4.79%. On a one-year CD, the highest rate is 5.02%.
- Two-year CDs now have an average APY of 1.66%, including a top rate of 4.52%. Digital banks tend to have an edge thanks to lower overhead costs.
- The longer the term, the higher the early withdrawal penalty. For jumbo CDs (minimum deposit of $100,000), top rates go up to 5.25% for a 6-month term.
- CDs pay higher interest than savings and money market accounts, and are one of the safest places to put your money. FDIC provides $250,000 insurance coverage and NCUA insures your money up to the same limit for shares.
- Chase Bank, Capital One, and Synchrony Bank have top rates on CDs, in addition to other banks and credit unions.
- It is important to understand the early withdrawal penalty before investing in a CD. There are different types of CDs and banks, so be sure to compare your options.
- The average APY on a one-year CD is now 1.86%. Three-year CDs previously had the best rate of 4.65%. Five-year CDs have the highest rate of 4.43%.
- CDs provide compounding interest over a predetermined period of months/years. Most CDs (and share certificates with credit unions) require a minimum deposit.
- It is not possible to add to your deposit once the term begins, and there are strict rules surrounding early withdrawal of your CD.
- Rates fluctuate and are influenced by the term and the Federal Reserve. Most CDs have a penalty for early withdrawal, which can eat into your principal.
Forbes | 7 Feb, 2025
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Synchrony Bank FAQs
Where is the Synchrony Bank headquarters located?
Synchrony Bank is headquartered in Costa Mesa.
Does Synchrony Bank have good work-life balance?
Synchrony Bank has a work-life balance rating of 4.8 out of 5 based on 10+ employee reviews on AmbitionBox. 94% employees rated Synchrony Bank 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Synchrony Bank reviews for more details
Is Synchrony Bank good for career growth?
Career growth at Synchrony Bank is highly regarded, with promotions and appraisal rating of 4.3. 94% employees rated Synchrony Bank 4 or above on promotions/appraisal indicating that a significant portion of employees are satisfied with career growth opportunities. We recommend reading Synchrony Bank reviews for more detailed insights.
What are the pros of working in Synchrony Bank?
Working at Synchrony Bank offers several advantages that make it an appealing place for employees. The company is highly rated for job security, work life balance and company culture, based on 10+ employee reviews on AmbitionBox.
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