About Synovus Bank
Synovus Bank is based in Columbus, Georgia, and operates about 250 branches and more than 330 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. It was originally founded as a textile mill in 1888. In 1959, it became known as Columbus Bank and Trust, and in 2010, it changed its name to Synovus.
Synovus Bank Overview
Synovus Bank offers a variety of bank products, such as CDs, checking, money market, and savings accounts, all of which can only be opened at a branch. It does this through its more than 250 branches and on its website. It offers ATM access through its network of 350 ATMs in the southeastern states it operates in.
| Offers a wide range of banking products. | The majority of its accounts offer low APYs. |
| Monthly service charges can be waived by meeting certain balance requirements. | Only operates in a handful of states. |
| Most accounts only require minimum opening deposits. | Relatively small number of ATMs available. |
Synovus Bank Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Synovus Bank offers CDs with terms ranging from one month to five years. None of its CDs offer competitive APYs, the minimum opening deposits are $1,000, and the early withdrawal penalties tend to be on the high side. Here are the details for some of the bank's CD offerings for April 2025:
Checking Accounts
Synovus Bank offers several different business and personal checking accounts. Most of the checking accounts offer APYs below the national average of 0.01% for checking accounts. Most also have monthly service charges, but they can be waived by meeting the minimum balance requirements and requiring low minimum opening deposits. Here are the latest account details for April 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Synovus Bank offers a few personal and business money market accounts, all of which offer APYs below the national average of 2.02%. Here are the account details for April 2025:
Savings Accounts
Synovus Bank offers a number of different business and personal savings accounts. All accounts either have a monthly service charge that can be waived or no monthly service charge, and all have a little to no minimum opening deposit. The yields offered are in line with those of most traditional banks and below the national average of 1.45%. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: $36
Savings and Money Market Account withdrawals: $5 per excess withdrawal
Account closure fee: None
Wire transfer fee: Domestic - Incoming is $18 and outgoing is $26; International - Incoming is $25 and outgoing is $45
Non-network ATM fee: $2.50
Monthly service charge: $5-$25 depending on the type of account
Stop payment fee: $36
Paper statement fee: $2
Synovus Bank Features
Synovus Bank's customer service line is available 24 hours a day, 7 days a week, in English and Spanish. Peer-to-Peer transactions are available via Zelle. The bank operates more than 250 branches and more than 330 ATMs in five states. It also offers an easy-to-use mobile app that allows customers to manage their accounts and perform basic account functions.
Synovus Bank FAQs
Our Take
Synovus Bank is a regional bank that operates in only five southeastern states: Alabama, Florida, Georgia, South Carolina, and Tennessee. The bank offers a wide variety of accounts, but none offer competitive yields. All of its accounts require minimal opening deposits at or below $100, except for the CDs and money market accounts. As far as monthly service charges, most accounts do have these charges, but most can be waived by meeting certain balance requirements. Synovus seems to be a good option for residents of the states it operates in for the convenience of being able to walk into a branch. Aside from this, the accounts it offers and their features are not particularly appealing if you want to grow your money. There are online banks that may offer higher APYs and allow your money to work much harder.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.