|Characteristic||Explanation of ranking||Financial institution|
|The safety of my money is the first thing that I have to put into consideration. I want to be sure that the money I save cannot be tampered with in case the business closes down.|
|My main interest is loans from the bank since I need to start a business. I need an account that will offer favorable rates on the loans so that I can take more and pay in time.|
|It comes third because I would like a bank that charges fair fees on my transactions and maintenance of the account I have.|
|I need a bank that allows me to operate an account with very good yields. The rates have to be friendly.|
|Since I do not have enough money to maintain a huge minimum balance, I will have to consider this characteristic fourth.|
|I need a bank that can allow me to operate my checking account together with my savings account easily.|
|I will mainly be using ATM to withdraw money. It means that I require a bank that has ATMs in most places.|
|I need a company that has excellent customer service.|
|I am looking for a bank that can allow me to do transactions safely on the online platforms. It can, however, be substituted by ATMs and physical customer service since the bank has many branches.|
|These are services that I can carry out elsewhere comfortably even if the bank does not have a provision for them.|
About Synchrony Bank
It has come to my attention that I am a member of one of the best banks in the market. The bank operates better than most of the banks in the industry which explain the high rank that it has in the industry. I have also learned about other accounts that I did not know about the many types of accounts in the bank, yet I have been a member of the bank for quite some time. There are many things that I can do with my account. I have also come to learn that the bank offers financial advice on how one can save and later invest the money they have in their accounts.
Pros and cons of Synchrony Bank
My bank has the best customer service; this is what I need since I need to inquire about some services from time to time. Another merit that I enjoy as a member is the fact that they have very good interest rates on savings. It acts as a motivation for me so that I save more to earn more interest in the long run. One of the cons in the bank is that the loans take a long duration before they can process. In case I need a loan, I cannot easily carry out an application on the online platform. It has limited my ability to access loans within the time I need them.
Synchrony Bank meets my needs
My main concern was to find a bank that ensures the safety of my money and offers the best interest rates both on savings and loans. With this bank, I have been able to find a solution the problem. I can take loans and repay within the period that I see is suitable for me. I am also able to access my money at any time that I need it. It has not always been the case with the other banks that do not have ATMs in most of the places. I can confirm that Synchrony Bank meets all the needs I have regarding banking.
The financial is worth keeping
Now that I intend to grow my savings, I believe that I should remain as a member of Synchrony Bank. In case I invest the money, I am sure that the company will advise me on the best type of investment I can do. The company will be of help in future when I require more loans to expand the business. It is better if I keep the company so that I can develop trust and in turn be able to access loans that can be of great help to me and my business. It is a bank worth joining, either as a saver or a trader.