This content is not provided by Synovus Bank. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, and South Carolina. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Top editors give you the stories you want delivered right to your inbox each weekday. View the full release here: https://www.businesswire.com/news/home/20230406005018/en/. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional. That's why we're working with banks and credit unions to make it fast, and and easy to send money to almost everyone you know, even if they bank somewhere different than you do. The offers that appear on this site are from companies that compensate us. Received a postcard incentive to open an account, 2. had to leave work early to open this account because branches close at 4 PM, 3. was interrogated when I presented the incentive and it was clear immediately I didn't fit some physical characteri Read more. Banking products are provided by Synovus Bank, Member FDIC. 400 branches in AL, AR, TN, FL, GA, LA, MS, NY, NC, SC, TX, and VA, Free checking account with Synovus Plus eligibility, Free checking account with no overdraft transfer fees. Third-party sites may contain less security and may have different privacy policies from ours. Then, you'll need to maintain a minimum monthly deposit of $5,000 in your checking account or a balance of at least $25,000 across all your Synovus accounts. However, if you prefer an online banking experience, Synovus probably isnt a good choice. MOBILE, Ala. ( WALA) - Declaring the Prichard water system in default, Synovus Bank has asked a judge to place the utility under the control of a receiver, a move that likely would result in rate . We don't endorse or gaurantee the [6] Beginning in late 2017 and ending in mid-2018, the company transitioned from 28 locally-branded divisions to a single Synovus brand. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. All Synovus personal savings accounts feature: No minimum balance requirement to earn interest 1. Contact your banker for more details. Consumers must call or email to get rates and other CD details. Parts 1024.35 and 1024.36, then you must send written notice to us at Synovus Bank, Attention: Mortgage Customer Service, 800 Shades Creek Parkway, MS 130, Birmingham, AL 35209. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. If you would like to assert there has been an error made with the servicing of your consumer mortgage loan, or if you would like to request information about the servicing of your consumer mortgage loan, and if you would like your assertion or request to be treated in accordance with the procedures provided in 12 C.F.R. products or information provided by third-party sites, and we're not responsible for any failures or Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. 100% Synovus Insurance Services of Alabama, Inc. Community Bank & Trust of Southeast Alabama. Global One Financial (G1), a division of Synovus Bank, is a national leader in life insurance premium financing and insurance-collateralized lending. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Boost your business with rewards, perks and more. Minor Savings account available for those under age 18 (19 in Alabama), Rates only available by contacting the bank, Minimum $200 balance required to avoid $5 monthly fee. Synovus Bank Locations in Tennessee - Bank Branch Locator CDs require a minimum of $1,000. Rising long-term interest rates also mean investors will have to discount future earnings more than they did when long-term rates were lower. Synovus Bank, NMLS #408043. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Synovus Bank currently operates with 257 branches located in 5 states. The Inspire Checking account provides access to numerous perks associated with the Relationship Program at Synovus, including the following: The Relationship Program also offers credit card rewards points or statement credits as well as rate discounts on lines of credit and mortgages. inaccuracies. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. as well as other partner offers and accept our, Possible to waive the monthly service fee, Synovus Plus features if you meet the requirements, Standard-to-low early withdrawal penalties. Synovus Bank accounts come with a lot of fees although they can be avoided and the APYs are a bit of a mystery unless you contact the bank directly. 1-877-428-6956 Customer service is available 24/7 by phone. You can open a savings or checking account with just $50. You cant open any deposit accounts on the banks website, and it can be difficult to get information about its accounts and policies without calling or visiting a branch. Please try again later. It provides loans and deposit products, investment services, financial planning and wealth management. Synovus Bank Locations in Alabama - Bank Branch Locator Earn 1% Cash Back Rewards on payments made to your First Latitude Secured credit card account. Since banks "borrow short term" and "lend long term," a steeper yield curve should lead to expanded net interest margins for lenders. Deposits insured by the FDIC up to $250,000 2. Were proud to invest in nonprofits and organizations dedicated to providing assistance and solutions for individuals and whole communities. Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available. Bankrates editorial team writes on behalf of YOU the reader. A faster reopening with more government stimulus has recently led to an increase in long-term bond rates, a benchmark against which many banks peg their loan rates. Maximize Earnings and Reach Financial Goals Faster with M1 Finance HYSA's Innovative Savings Solution. Mobile deposits might not be available for three business days. As of today, Synovus Bank is the 30th largest bank in US by branch count. Third-party sites may contain less security and may have different privacy policies from ours. Synovus Bank of Tampa Bay : Florida : 100% W.L. Synovus is FDIC insured. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Synovus Trust Company, N.A. There is a $10 monthly service fee unless you maintain a $2,500 balance across all Synovus accounts. Georgia: Buena Vista Loan & Savings Bank, First United Bank MONTEZUMA, Bank of Manchester, Coastal Bank of Georgia BRUNSWICK, Sea Island Bank STATESBORO, SB&T BANK ALBANY, Georgia Bank & Trust CALHOUN, First State Bank and Trust Company of Valdosta, Commercial Bank & Trust Company of Troup County LAGRANGE, First Community Bank of Tifton, Commercial Bank THOMASVILLE, Citizens First Bank ROME, CB&T Bank of Middle Georgia WARNER ROBINS, AFB&T ATHENS, Bank of Coweta NEWNAN, Bank of North Georgia ALPHARETTA, Sunrise Bank VALDOSTA (as part of a government assisted transaction). (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. APYs are low; many online banks offer far better rates. Second, banks are generally value stocks that trade at lower earnings multiples compared with much of the market. We are an independent, advertising-supported comparison service. To earn perks, you must have a minimum monthly deposit of $5,000 in your checking account or a balance of at least $25,000 across all your Synovus accounts. Read online customer reviews or talk to current customers to determine whether Synovus is a good match. Through Synovus Corporate Donations Program, the bank is building on the millions of dollars it donates annually to address critical needs in the communities it serves. We maintain a firewall between our advertisers and our editorial team. ATMs, Earn 0.01% APY on account balances under $25,000, Earn 0.05% APY on account balances of $25,000 and over, To waive the $5 monthly service fee, keep at least $200 across your Synovus Bank accounts, Interest compounded daily, deposited monthly, Eligible for Synovus Plus if you meet the following criteria: 1) Open a Synovus Free Checking Account and 2) Keep a minimum of $25,000 across your bank account or investment accounts OR a minimum monthly deposit of $5,000 in your checking account, Synovus Plus perks: Preferred interest rates on Synovus savings accounts, preferred rates on a home equity line of credit; an out-of-network fee refund each month; cash rewards or bonus points on Synovus credit cards, Overdraft protection lets you link your checking account to another Synovus Bank account, apply for.a line of credit, or use your credit card for a cash advance, If you use overdraft protection by transferring money from another account, you'll pay a $10 overdraft transfer fee, Early withdrawal penalties: 1 month's interest for terms between 3 months and 6 months; 3 months' interest for terms between 6 months and 1 year; 6 months' interest for terms between 1 year and 3 years; 9 months' interest for terms over 3 years, Earn between 0.01% to 0.05% APY on Standard Rates, depending on your account balance, Earn between 0.10% to 0.20% APY on Relationship Rates, depending on your account balance, To waive the $10 monthly service fee, maintain at least $2,500 across your Synovus Bank accounts, 1 free out-of-network ATM fee reimbursement per month, 50% discount on incoming/outgoing domestic wire transfer fees, Earn between 0.10% to 0.20% APY on the money market, depending on your account balance, Higher interest rate for savings accounts and CDs (Call your nearest branch for relationship rates), Free expedited delivery for emergency replacement cards, Receive 10,000 bonus points on the Synovus Rewards Credit Card or Synovus Travel Rewards Credit Card if you spend $3,000 in the first 90 days, Receive $100 bonus on the Synovus Cash Rewards Credit Card if you spend $3,000 in the first 90 days, Receive $50 credit on the Synovus Cash Rewards Credit Card if you spend $60,000 in a year, Get a 0.25% APR discount on a home equity line of credit, Get a 0.20% APR discount on a securities-backed line of credit. We pride ourselves on close, personal connections built on trust by offering in-house expertise and a comprehensive and ongoing review of our clients financial goals. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Sophia joined Insider in July 2021 and is an alumna of California State University Fullerton where she studied journalism and minored in political science. And the economic outlook for the U.S. improved greatly throughout February. Trust services for Synovus are provided by Synovus Trust Company, N.A. There is little product information on the website. Synovus Bank offers a wide range of investment options, including the following: Financial advisors at Synovus can help you develop a portfolio that includes everything from stocks and bonds to annuities, 529 college savings plans and managed investments. Account holders have access to the conveniences of digital banking. Synovus | 33,648 followers on LinkedIn. Rates and fees are subject to change. Up Next:Best New Bank Promotions and Bonuses. The assigned Fed RSSD ID of Synovus Bank is 395238. Investment products and services are not FDIC insured, are not deposits of or other obligations of Synovus Bank, are not guaranteed by Synovus Bank and involve investment risk, including possible loss of principal amount invested. Whether your financial aspirations are personal or for your business, we can help you reach them. 09-26-2017Acquired World's Foremost Bank (57079) in Sidney, NE. Find an expert who knows the market. This combination isnt designed for the DIY banking customer. Account holders have access to online bill pay and other digital banking features. Synovus Securities, Inc. is a subsidiary of Synovus Financial Corp and an affiliate of Synovus Bank and Synovus Trust. Synovus is funding more than 300 organizations with missions that support the creation and sustainment of affordable housing, boost upward mobility of low- to moderate-income communities, deliver financial education, encourage economic development and more. We've reviewed the two regional banks so you may see if one is a better option for you. Bankrates ever-growing list of bank and credit union reviews is updated regularly. Alabama: Sterling Bank MONTGOMERY, The First National Bank of Jasper, First Commercial Bank of Huntsville, First Commercial Bank BIRMINGHAM, Community Bank and Trust of Southeast Alabama DOTHAN, The Bank of Tuscaloosa, CB&T Bank of East Alabama PHENIX CITY. First off, if you dont live in Synovus Banks immediate service area, youll probably want to skip it especially if you prefer branch banking. We value your trust. Language links are at the top of the page across from the title. If you frequently withdraw cash from your bank account, it'll be a toss-up between the two banks. Our decision-making also happens at the local level, leading to a truly personal and efficient experience. Weve maintained this reputation for over four decades by demystifying the financial decision-making Because our mortgage loan originators have experience in specific regions, their local insights help customers make more informed decisions, from buying a first home to a dream vacation home. The bank itself operates 298 locations across the Southeast, including Georgia, Florida, Alabama, South Carolina and Tennessee. Synovus Donates $2 Million to Strengthen Communities Throughout Its Footprint. The 10 Cheapest Stocks Warren Buffett Owns, 2 High-Yield Dividend Stocks That Are No-Brainer Buys, 1 Warren Buffett Stock to Buy Hand Over Fist in July, 3 Top Warren Buffett Dividend Stocks to Buy Now, Prediction: 10 Stocks That Will Have Trillion-Dollar Valuations by 2035, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. It has specific features and benefits that probably appeal to some types of customers more than others, so its important to take a look at what the bank has to offer before deciding if its right for you. The Motley Fool has a disclosure policy. Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. This communication is directed to properties in those states. A variety of term lengths are offered, enabling savers to build a CD ladder. If you're looking to earn a higher interest rate, our best savings accounts guide has stronger savings accounts. [4] Investment products and services provided by Synovus are offered through Synovus Securities, Inc. (SSI) a registered Broker-Dealer, member FINRA/SIPC and SEC registered Investment Advisor, Synovus Trust Company, N.A. Compare cards in one place to find the one for you. To get the most out of the account, you'll want to maintain a balance of at least $2,500. is a subsidiary of Synovus Bank. 100% Synovus Insurance Services of West Georgia, Inc. 100% First Commercial Mortgage Corporation. The 2023 donations reflect a nearly 20% increase in awards compared to 2022. The Biden Administration is ahead of its goals to administer 100 million vaccine doses in its first 100 days; in fact, after the recent approval of the Johnson & Johnson (JNJ -1.31%) vaccine, the administration has moved the timetable for vaccinating all Americans to the end of May, from the original target date at the end of July. This press release features multimedia. For a list of all Synovus Bank branches and detailed branch information like hours of operation, phone number and address; please refine your search by selecting a location from the map or list. By clicking the 'Subscribe Now' button, you agree to our Terms of Use and Privacy Policy. You can click on the 'unsubscribe' link in the email at anytime. The bank doesn't offer a checking account, but it does provide an . Most of the banks accounts require low minimum deposits and the checking account is free, but rates are much lower than what other banks are offering. On October 25, 2007, TSYS and Synovus (holding 81% of shares at the time) announced a spin-off that was completed as of the end of 2007. 5 Stars. Theres no minimum deposit to open the account, but youll need a ledger balance of $1,000 every 12 months to avoid the $25 annual maintenance fee. 600 branches in AZ, CA, CO, FL, GA, HI, KS, MD, MI, NE, NV, NC, OK, OR, SC, TN, TX, VA, WA, WV, and WI, Free checking and savings accounts with a low minimum opening deposit. If you don't have that much money for an initial deposit or would like to earn a higher rate, consider going through our best CD rates guide. Customers outside Synovus' limited branch and ATM footprint could incur costly ATM fees. Select to close this tab, Financial Security. Synovus is in the goals business, and we want to know yours. Synovus Bank Review 2023 | Bankrate Customers can add Synovus-issued credit/debit cards for use in digital wallets, including Apple Pay. Were transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. There was an unknown error. Here's what this guide will cover: Synovus Promotions at a Glance. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Step-by-step guide for your everyday banking tasks. You can obtain more information about Synovus Securities, Inc. and its Registered Representatives by accessing BrokerCheck. Atlanta, GA 30338 Synovus Bank is designed to meet the complete banking needs of its customers. A division of Synovus Securities, Inc. (SSI), Creative Financial Group provides comprehensive financial planning, asset management and tax services to corporate executives, small business owners, high-net-worth individuals and families. Shares of Bank of America (BAC 1.78%), US Bancorp (USB 1.63%), and Synovus Financial (SNV 2.48%) rose 17.1%, 16.7%, and 13.7%, respectively, in February, according to data provided by S&P Global Market Intelligence. The Synovus website contains personal financial calculators and educational articles on topics such as tips for building an emergency fund and how to prepare for a financial setback. Our purpose is . Bankrate has answers. 1-800-332-3403 These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Family office services are provided through Family Asset Management, a division of Synovus Trust Company, N.A. Synovus Bank is an attractive option for consumers looking for a free checking account and low minimum deposit requirements, though its not the best option for those seeking out top-tier rates. Regardless of which checking account you choose, youll enjoy the following features and benefits: For the Free Checking account, ATM transactions at out-of-network ATMs cost $2.50, plus any third-party fees. Tennessee: Cohutta Banking Company CHATTANOOGA, Trust One Bank MEMPHIS, The Bank of Nashville. Below are links to some of her most popular stories: Synovus Bank trustworthiness and BBB score, Fee-only vs. commission financial advisor, Synovus Bank Synovus Certificate of Deposit, First Horizon Bank FirstView Checking Account, Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>, Are banks open today? In the home mortgage category, Synovus offers fixed-rate, adjustable and jumbo mortgages. 11-17-2016Institution becomes member of the Federal Reserve System. Synovus Bank, NMLS #408043. Current Synovus Promotions. You also may be able to get Synovus Plus features like higher interest rates on savings accounts or an automatic out-of-network fee refund each month. Investment products and services provided by Synovus are offered through Synovus Securities, Inc ("SSI"), Synovus Trust Company, N.A. There is also no option to open an account online via the Synovus Bank website. While the biggest U.S. banks are largely diversified among lending, investment banking, sales and trading, and wealth management, Bank of America is perhaps the most sensitive to straight-up lending among the four largest U.S. banks. Bank Branch Locator - Bank Locations in US View source version on businesswire.com: 800 Shades Creek Parkway, MS 100 No fees, up to $2M FDIC coverage, earn high APY on all checking and savings balances, up to $250 bonus with qualifying direct deposit. info@synovussecurities.com. Customers have access to over 1,250 ATMs through the bank's ATM network and the Publix Presto! It has branches in only five states: Georgia, Florida, Alabama, Tennessee, South Carolina. He oversees editorial coverage of banking, investing, the economy and all things money. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. The minimum opening deposit is a reasonable $100. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. We include ratings from the Better Business Bureau so you can see how a bank handles customer issues. Synovus Bank offers customers a variety of home loans, including conventional, FHA and VA mortgages as well as other affordable housing products. You can find higher yields at other banks. The bottom line: Synovus might be appealing if you live in the Southeast US and want a traditional banking experience. Synovus Relationship Money Market Account offers tiered interest rates, but there is no minimum balance required to earn interest. The Relationship Money Market account also comes with free notary service. You can also scroll down the page for a full list of all Synovus Bank Alabama branch locations with addresses, hours, and phone . Wealth Management System Making the world smarter, happier, and richer. Checking vs. Savings Accounts: What's the Difference? Following are some pros and cons of Synovus checking accounts: Synovus Bank has one standard savings account, called Personal Savings, along with two specialized offerings: the Minor Savings account and Holiday Savings account. You can use it to borrow for other financial goals. Customer service hours by telephone are 8 a.m. to 5 p.m. CT, weekdays. Bankrate scores are objectively determined by our editorial team. Fort Moore, GA, 31905. To be eligible for Synovus Plus, you'll need to have a minimum monthly deposit of $5,000 in your checking account or a balance of at least $25,000 across all your Synovus accounts. 2023 Synovus Financial Corp. All rights reserved. Loans subject to approval including credit approval. Each additional transaction incurs a $15 fee. Most accounts come with additional features and their fees can be avoided relatively easily, with the notable exception of the Inspire Checking account. So, whether youre reading an article or a review, you can trust that youre getting credible and dependable information. Ren Bennett is a writer for Bankrate, reporting on banking products and personal finance. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Still, a large part of each of these banks' revenue comes from loans and fee-based revenue linked to spending on things like credit cards and debit cards, making them sensitive to overall economic conditions. Some examples include: Many of these fees can be avoided, but youll need to research the requirements. (888) 796-6887. Below is a list of some important events in banks history, including mergers and acquisitions. Synovus Bank is a subsidiary of Synovus, a financial services holding company with approximately $27 billion in assets. Changed Primary Federal Regulatory Agency to Fed. Our goal is to give you the best advice to help you make smart personal finance decisions. Synovus Inspire: $500 Bonus. Both banks have strong free checking accounts but stand out for different reasons. Through our family of companies spanning commercial and retail banking, mortgage and investments,1 were committed to building long-term relationships and providing responsive, caring service. Check out todays auto loan rates. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com, and on Twitter, Facebook, LinkedIn and Instagram. Grow your money with a high-rate, secure CD. You can make six free withdrawals or transfers per month. Installment loans begin at $2,500, while personal loans run between $2,500 and $10,000, with terms of up to 10 years. Synovus' 2024 Corporate Donations Program application will open Saturday, July 15, 2023. Account holders have access to digital banking services. Higher "relationship" APYs kick in for savers with at least a $25,000 balance across Synovus deposit and investment accounts. Bank routing number is a 9 digit code which is necessary to process Fedwire funds transfers, process direct deposits, bill payments, and other such automated transfers. 01-01-2019Acquired Florida Community Bank, National Association (58991) in Weston, FL.
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