Synovus Bank Review 2025
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At a glance
Overview
Synovus Bank is an attractive option for consumers who prefer in-person banking and live near a branch in one of the five Southeastern states where branches are located. It’s not the best option for consumers seeking top-tier rates. Accounts can’t be opened by those who aren’t residents of a state where there are branches.
Highlights:
ATM Fee RefundsHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate CD rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate CD rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Established in 1888, Synovus is a full-service bank that offers deposit products, loans and financial planning and investing services. Most of the bank’s accounts require minimum deposits in line with what other banks commonly charge, but rates can be much lower than what many other banks are offering.
Pros
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It’s a good fit for customers in the Southeast who like a combination of branch and digital banking.
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It offers a wide selection of CD terms, enabling savers to build a CD ladder.
Cons
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It has branches in only five states: Georgia, Florida, Alabama, Tennessee, South Carolina. Only residents of those states are eligible for accounts.
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The ATM network is geographically limited to the Southeast.
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You can find higher yields at other banks.
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Rates for some products aren’t published online, so you’ll need to visit a branch or call the bank to find out the rates.
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Synovus Bank banking products
Synovus Bank Personal Savings overview
Pros
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Account holders have access to online bill pay and other digital banking features.
Cons
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The APY may vary based on location, but is rock-bottom for one or more locations, as of this writing.
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There is a $5 monthly service charge unless you keep a combined $200 "relationship" balance across Personal Savings and other Synovus deposit and investment accounts.
Synovus Bank CD overview
Pros
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A variety of term lengths are offered, enabling savers to build a CD ladder.
Cons
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CD rates may vary based on location, but in at least one area they’re less than national averages, as of this writing.
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CDs must be opened at a branch location.
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Consumers must call or visit a branch to find out CD rates.
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For at least some terms, the early withdrawal penalties are higher than what many other banks charge.
Synovus Bank money market overview
Pros
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There’s no minimum balance required to earn interest.
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Free notary services are available to account holders.
Cons
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There is a $10 monthly service fee unless you maintain a $2,500 balance across all Synovus accounts.
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You must have over $2.5 million across Synovus accounts to earn the highest APY, in at least one area.
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You can find higher yields at other banks.
Synovus Bank Plus Checking overview
Pros
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The Plus Checking account comes with complimentary credit and identity protection services.
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Account holders receive one ATM fee refund per month.
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The account’s monthly fee is waived for military members and for those who meet minimum balance or direct deposit requirements.
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Plus Checking account holders receive preferred rates on some other Synovus deposit accounts.
Cons
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The out-of-network ATM fee of $2.50 per transaction could prove costly for customers outside Synovus’ limited branch and ATM footprint.
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The $36 overdraft fee is steeper than what some other banks charge.
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The $100 minimum opening deposit for the Plus Checking account is higher than what some other banks require for checking accounts.
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The Plus Checking’s $10 monthly service fee is costly to avoid for non-military members.
How Synovus Bank compares to other banks
Synovus Bank vs. Capital One Bank
Both Synovus Bank and Capital One offer branches in a handful of states. Capital One accounts can be opened online by residents anywhere in the U.S., whereas Synovus accounts can’t be opened online if you don’t live in the states where it maintains branches.
Capital One doesn’t charge monthly maintenance fees for its accounts, while Synovus charges fees that often require significant balances to waive. Both offer a range of deposit accounts, although Capital One doesn’t offer money market accounts to new customers. Capital One’s accounts earn competitive yields, while Synovus’ savings account earns a low balance and its money market only earns an above-average balance for balance tiers above $100,000 (for one or more locations).
Bank fees
| Fee | Charged |
|---|---|
| Overdraft fee | $36 |
| Non-sufficient funds fee | $0 |
| Monthly maintenance fee | $10 for Plus Checking; waived if requirements are met. |
| Out-of-network ATM fee | $2.50 |
| Excessive transaction fee | $5 per occurrence |
Customer experience
Customer support
Branch availability: Synovus maintains branches in five states: Alabama, Georgia, Florida, South Carolina and Tennessee. The bank offers fee-free transactions at its Synovus ATMs and at Publix Presto! ATMs.
Customer service: Synovus offers phone support in both English and Spanish through its toll-free number. Customers can also call their local branch for support.
Digital experience
Synovus Bank offers a mobile banking app that’s rated highly by iOS and Android users. It allows you to deposit checks, pay bills, transfer money between accounts, view account balances and locate Synovus branches and ATMs.
About Synovus Bank
Based in Columbus, Georgia, Synovus is a full-service financial company that offers personal, business and corporate banking products and services throughout the Southeast. It has 253 branches in Georgia, Florida, Alabama, Tennessee and South Carolina. It provides loans and deposit products, investment services, financial planning and wealth management.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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