What you need to open a Synovus savings account

Synovus requires a government-issued ID, your Social Security number, and an initial deposit to open a savings account. The minimum opening deposit is $25 for most savings products, though some accounts may have different minimums. You'll also need a current mailing address and a phone number.

If you're opening the account online, you can complete the process in about 10 minutes. If you go to a branch in person, bring your ID and be ready to sign documents. Synovus has branches across the Southeast, primarily in Florida, Georgia, Alabama, South Carolina, and other states — you can find your nearest location on their website.

You do not need to have an existing relationship with Synovus. New customers and existing customers follow the same process.

Key Takeaways

  • You need a government ID, Social Security number, current address, and $25 minimum deposit to open a Synovus savings account.
  • Online account opening takes about 10 minutes and you can fund the account when ready with a debit card or bank transfer.
  • In-person opening at a branch requires the same documents and takes 15 to 30 minutes depending on how busy the branch is.
  • Synovus savings accounts earn interest, but the rate varies by account type and changes based on Federal Reserve decisions.

Opening an account online through Synovus.com

Start at synovus.com and look for the "Open an Account" button, usually in the top navigation or under a "Products" menu. Select "Savings Account" from the account type options. Synovus offers several savings products — a basic savings account, money market accounts, and certificates of deposit (CDs) — so confirm you're choosing the right one before you proceed.

Enter your personal information: full name, date of birth, Social Security number, current address, phone number, and email. Synovus will ask whether you're opening the account as an individual or joint account. If joint, you'll need the same information for the other account holder. The system will verify your identity using the information you provide.

Next, you'll choose how to fund the account. You can transfer money from another bank account (this takes one to two business days to clear) or use a debit card (funds appear when ready). Enter the amount — remember the $25 minimum — and review the account terms before submitting. You'll receive a confirmation email with your account number and login credentials.

Opening an account in person at a Synovus branch

Bring your government-issued ID (driver's license, passport, or state ID), your Social Security number written down, and your initial deposit. You can pay the deposit with cash, a check, or a debit card. Walk into any Synovus branch during business hours — most branches are open Monday through Friday 9 a.m. to 5 p.m., with some Saturday hours.

Tell the person at the desk you want to open a savings account. They'll walk you through a short form with your name, address, phone, and Social Security number. They'll explain the account features, interest rate, and any fees. Once you sign the account agreement, they'll process your deposit and give you a temporary debit card or account number on the spot.

Your official debit card arrives by mail in five to seven business days. You can start using your account when ready through Synovus's online banking or mobile app once you set up your login.

Understanding Synovus savings account types and interest rates

Synovus offers a basic savings account that earns interest on your balance. The interest rate (called the annual percentage yield, or APY) changes based on Federal Reserve rate decisions and varies depending on your account balance. Higher balances sometimes earn higher rates. You can check current rates on synovus.com or ask at a branch.

Money market accounts are another option — they typically offer higher interest rates than basic savings but may require a larger minimum balance and limit how many withdrawals you can make per month. CDs lock your money for a set period (three months to five years) in exchange for a may provide rate that's usually higher than savings accounts.

All Synovus deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per account holder per bank. This means if Synovus fails, your money is protected up to that limit.

Setting up online banking and mobile access

Once your account is open, go to synovus.com and click "Login" or "Enroll in Online Banking." Enter your account number and the temporary password Synovus provided. You'll create a permanent password and set up security questions. Synovus will send a verification code to your phone or email — enter it to confirm your identity.

read the Synovus mobile app from the Apple App Store or Google Play Store if you want to check your balance and make transfers from your phone. Log in with the same username and password you created for online banking. The app lets you deposit checks by taking a photo, transfer money between accounts, and set up alerts when your balance drops below a certain amount.

Fees and account maintenance

Synovus savings accounts do not charge a monthly maintenance fee. However, some actions do carry fees: overdraft fees if you withdraw more than your balance, fees for excessive withdrawals (some account types limit free withdrawals per month), and fees if you close the account within a certain period. Ask about these specifics when you open the account or check synovus.com for the fee schedule.

You can avoid most fees by keeping your balance above the minimum, limiting withdrawals to the allowed number per month, and keeping the account open. If you're unsure about any fee, call Synovus customer service at the number on the back of your debit card or visit a branch.

What happens after you open the account

Your account is active when ready, though if you funded it with a bank transfer, that money takes one to two business days to arrive. You can start using the account right away through online banking. Your physical debit card arrives in five to seven business days.

Interest deposits into your account monthly or quarterly, depending on the account type. Synovus sends a statement monthly or you can view it anytime through online banking. If you have questions about your account, call Synovus at 1-888-SYNOVUS (1-888-796-6887) or visit a branch.

Frequently Asked Questions

Can I open a Synovus savings account if I don't have a Social Security number?

Synovus requires a Social Security number or Individual Taxpayer Identification Number (ITIN) to open an account. If you have an ITIN, you can use that instead. Call Synovus to confirm whether they can open an account with an ITIN, as policies vary by state.

What's the difference between a Synovus savings account and a money market account?

A savings account is simpler — you deposit money, earn interest, and can withdraw anytime. A money market account usually pays higher interest but may require a larger opening deposit and limits how many withdrawals you can make per month without a fee. Choose based on how often you need to withdraw money.

How long does it take to open a Synovus account online?

The online process takes about 10 minutes from start to finish. Your account is active when ready, though if you fund it with a bank transfer, that money takes one to two business days to arrive. A debit card or check deposit funds the account when ready.

Can I open a joint savings account at Synovus?

Yes. Both account holders need to provide their name, Social Security number, date of birth, and ID. You can open a joint account online or in person. Both people can access the account and make withdrawals.

What if I want to close my Synovus savings account later?

You can close the account anytime by visiting a branch, calling customer service, or using online banking. Synovus will send any remaining balance to you by check or transfer it to another account. Some accounts charge a fee if closed within a certain period — ask about this when you open the account.