Bank · FDIC insured
Synchrony Bank
Top CarrotA $115.2B bank, the 30th largest of 4,207, headquartered in Draper, UT, with 1 branch in Utah. It opens accounts online nationwide. Best rates: CDs 4.50% and savings 3.55% APY.
Synchrony Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 99% of U.S. banks and credit unions
#2 of 19 nationwide online banksHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Synchrony Bank
Synchrony completed its initial public offering in 2014 and completed its separation from GE in 2015.
Synchrony is a consumer financing company offering credit cards, loans, direct-to-consumer banking, and health and wellness financing.
- Headquarters
- 170 W Election Rd, Draper, UT 84020
- FDIC certificate
- 27314 ↗
Branches
1 branch in Utah
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Utah
1 branch
- Synchrony BankMain office170 W Election Rd, Draper, UT 84020Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 12.56% | 9.97% | 10.85% or more |
| Troubled loansNoncurrent | 2.04% | 0.70% | 0.47% or less |
| ProfitabilityReturn on assets | 2.84% | 1.23% | 1.55% or more |
| LendingLoans per $100 deposited | $115 | $85 | — |
- CapitalLeverage ratio12.56%Peers’ middle 9.97% · Top 25% 10.85%+
- Troubled loansNoncurrent2.04%Peers’ middle 0.70% · Top 25% ≤0.47%
- ProfitabilityReturn on assets2.84%Peers’ middle 1.23% · Top 25% 1.55%+
- LendingLoans per $100 deposited$115Peers’ middle $85
Compared with the 164 banks with $10 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Synchrony Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.