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Rakuten offers $100 for opening and funding Synchrony savings

By Alex Compton · Updated

Rakuten offers $100 or 10,000 points for opening a Synchrony High Yield Savings Account through its link and depositing at least $1,000 within 55 calendar days. The offer is for new Synchrony Bank accountholders with no active Synchrony deposit accounts.

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At a Glance

Offer
$100 or 10,000 points
Required Deposit
At least $1,000 from an external source
Funding Window
Within 55 calendar days of account opening
Eligibility
New Synchrony accountholders with no active Synchrony deposit accounts
Reward Limit
One per Rakuten member

What Changed

Rakuten offers a reward for members who click its offer link, apply directly through that link and open an approved Synchrony High Yield Savings Account. Qualifying funding must come from outside Synchrony Bank. Rakuten provides the reward, and the account is reviewed for eligibility. No holding period is mentioned.

Our Take

This is worth considering if you qualify and can fund the account within the required window. Compare savings rates before keeping money there longer term, and factor in the Chex inquiry when deciding whether to apply.

Before You Act

  1. 1Confirm you meet the new-accountholder requirements.
  2. 2Click Rakuten’s offer link and apply directly through it.
  3. 3Deposit at least $1,000 from an external source within 55 calendar days.

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