About Synchrony Bank - Our Mission, Vision, Values, & More (2024)

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Why look beyond the big banks?

As an FDIC-insured online bank, we’re unburdened by the expense of traditional brick-and-mortar branches. That means we can pass those savings on to our customers through our market-leading rates.

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Experience you can trust.

We’re a part of Synchrony—a Fortune 500 company that’s been helping consumers reach for what’s important for more than 80 years.

Dedicated to your future.

We’re an online bank offering FDIC-insured savings products that pass our collective savings along to you, in addition to offering premium credit solutions that pay you while you earn.

Always open.

We’re also the leading provider of private-label credit cards in the United States, so we might already be in your wallet supporting one of your favorite retailers.

News & Awards

We’ve earned accolades from NerdWallet and Bankrate for our great rates, innovation, security, diversity and more.

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Synchrony awarded “Best Online Savings Account” in 2022.

The Synchrony Bank High Yield Savings account impresses with its lack of fees and high APY, but that's only the beginning of what it offers.

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Named by Forbes Advisor as Best Online Savings Account and Best No-Fee Savings Accounts of 2022

We're proud to be honored by a trusted news source and be a part of Forbes Advisor's mission to make smart financial decisions simple.

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America’s Best Rates 2021 Honors from MoneyRates.com*

Synchrony Bank was recognized among top banks for offering the highest rates in the savings account and money market accounts, 1- and 5-year CD categories.

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Synchrony awarded by GOBankingRates.com

Synchrony Bank ranked among the Top 20: Best CD Accounts, Best Online Banks, Best Savings Accounts, Best Money Market Accounts, Top 100 of 2022

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Ranked on NerdWallet’s article for 9 Best Online Banks of 2022*

Synchrony Bank received a 4.5-star rating overall from NerdWallet. Productreviews included a 4.5-star review for High Yield Savings and a 5-star review for 12-month CD.

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Designation of Savings Excellence Award

Awarded to Synchrony Bank the last two years in a row, this special honor denotes exceptional achievement in helping customers prioritize savings goals and strategies to achieve them.

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Top pick for online high yield savings by CNBC Select*

Recommended as best high-yield saings account by CNBC Select

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Tribeca X Best Short Film Award

Honored as the best artist and brand storytelling collaboration; focused on the power of changing your savings perspective.

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Best high-yield savings account for easy access

Named as best for easy access to your cash by CNBC Select*

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Best high-yield savings account for emergency savings

Named as a best high-yield savings account to fund emergency savings by CNBC Select*

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NerdWallet Review of Synchrony Bank

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What we stand for

We’re proud to say we’ve built a culture that stands for strong Values and a shared Vision and Mission. It’s a core part of our DNA, and a bold declaration of our commitment to do the right thing: for our partners, for our customers, and for our team members.

Our Vision

To build a future where every ambition is within reach.

Our Mission

Creating financial and technology solutions to move our customers and partners toward their goals, on their terms.

Our Values

Our values mark our past, inform our actions every day, and inspire our future.

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    Caring

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    Driven

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    Bold

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    Honest

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    Responsible

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    Passionate

The security of your banking and financial information is critical to our mission to help you save smart every day.

Here’s part of how we take care of your data:

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FDIC Insured

Emergency Assistance

Zero Liability

Security Monitoring

Cell PhoneProtection

Identity Theft Protection

FDIC Insured

Your deposit accounts are insured up to $250,000 per depositor, per insured bank, for each ownership category. Learn more about FDIC insurance.

Emergency Assistance

Synchrony Mastercard cardholders receive 24-hour assistance with Lost and Stolen Card Reporting, Emergency Card Replacement, and Emergency Cash Advance.

Zero Liability

Synchrony Mastercard cardholders bear no liability for unauthorized or suspicious purchases. Synchrony Bank customers are liable for no more than $50 for unauthorized transfers, if reported within 2 business days.

Security Monitoring

Protecting your financial transactions is of the highest importance to us. We monitor our devices 24 hours a day, 7 days a week, for your peace of mind.

Cell Phone Protection

For Synchrony World Mastercard cardholders, when you pay your cellular phone bill with your Synchrony World Mastercard, you’ll be reimbursed for the actual cost to replace or repair your stolen or damaged cell phone, up to $600.

Identity Theft Protection

And if you’re a Synchrony Mastercard cardholder, you can enjoy ID Theft email alerts when you sign up for identity and credit bureau monitoring, free of charge.

Our Leadership

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    Brian Doubles About Synchrony Bank - Our Mission, Vision, Values, & More (34)

    President and Chief Executive Officer

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    Michael Bopp About Synchrony Bank - Our Mission, Vision, Values, & More (36)

    EVP & Chief Growth Officer

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    Brian Wenzel About Synchrony Bank - Our Mission, Vision, Values, & More (38)

    EVP & Chief Financial Officer

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    Bart Schaller About Synchrony Bank - Our Mission, Vision, Values, & More (40)

    EVP & Chief Executive Officer, Digital

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    Carol Juel About Synchrony Bank - Our Mission, Vision, Values, & More (42)

    EVP & Chief Technology and Operations Officer

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    Samantha Melting About Synchrony Bank - Our Mission, Vision, Values, & More (44)

    SVP & Head of Consumer Bank

Corporate Citizenship

Synchrony Employees show up for their community, and Synchrony Bank shows up to support them.

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About Synchrony Bank - Our Mission, Vision, Values, & More (2024)

FAQs

What is the mission and vision of Synchrony? ›

Our vision is to build a future where every ambition is within reach. Our mission is to create financial and technology solutions to move our customers and partners forward. Our values define our culture and differentiate us from other companies. These core beliefs shape us, inspire and unite us.

What are Synchrony values? ›

At Synchrony, we have six core values that shape who we are and how we interact with our colleagues, partners and communities- Honest, Passionate, Caring, Responsible, Bold, Driven.

Why work for Synchrony Bank? ›

86% of Synchrony employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Synchrony 4.2 out of 5 for work life balance, 4.5 for culture and values and 4.0 for career opportunities.

What is Synchrony Financial slogan? ›

Synchrony Financial's tagline—Engage with us—confirms the company's view that every interaction with its partners and customers represents an opportunity for Synchrony Financial to engage with partners and help grow their business.

What are visions missions and values? ›

The mission statement communicates the purpose of the organization. The vision statement provides insight into what the company hopes to achieve or become in the future. The values statement reflects the organization's core principles and ethics.

What is vision and mission of self? ›

Mission statement – This defines your purpose. It's what you ultimately want to achieve in your life or career, expressed in a specific, measurable way. Vision statement – This is a bit more emotional. Here, you define your core values, and how you'll apply those values to your mission.

What is Synchrony full name? ›

Synchrony Financial is a consumer financial services company headquartered in Stamford, Connecticut, United States.

What kind of bank is Synchrony Bank? ›

Synchrony Bank is a solid online bank with competitive interest rates on savings, money market, and CD accounts. It is a good option for consumers who are happy with their current checking account but want to earn a higher rate of interest on their savings.

How many rounds does Synchrony have? ›

Synchrony Interview Rounds and Process

There were 2 rounds in my interview. The process started with Resume Shortlist round and ended with HR as the second and final round. I applied via Referral and was interviewed before Feb 2022.

What is the mission for CMS? ›

CMS's mission is to serve Medicare & Medicaid beneficiaries. The CMS vision is to become the most energized, efficient, customer friendly Agency in the government. CMS will strengthen the health care services & information available to Medicare & Medicaid beneficiaries & the health care providers who serve them.

What is QVC mission statement? ›

We strive to surprise and delight our customers every day, with curated collections of products that are relevant to their lives. We connect with customers via authentic stories, interesting personalities and award-winning customer service.

What is Kimberly Clark's vision statement? ›

Better Care for a Better World.

What is the mission of car rental? ›

To be the best transportation service provider in the world. To exceed our customers' expectations for service, quality and value. To provide our employees with a great place to work. To serve our communities as a committed corporate citizen.

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