Save more, do more with a great 60-month CD IRA rate.
60 Months
% APY*
No minimum balance
Call 1-866-226-5638 to open
an account
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.
How much will you need?
Keep yourself on track to hit your retirement savings goals using this simple calculator.
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
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| Withdraw Taxes | You pay taxes on all amounts withdrawn.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 CD can help you start working toward your goals today.
Retire with a strategy.
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.
IRA Money Market Accounts (MMAs)
APY*
No minimum balance
EXPLORE IRA MMAsCertificates of Deposit (CDs)
APY* at 12 mo
No minimum balance
EXPLORE 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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