GE Money Bank was General Electric's US consumer bank - the issuer behind decades of store credit cards and consumer financing programs. Per FDIC records, the bank's legal name changed to GE Capital Retail Bank effective October 1, 2011, aligning the brand with its parent division, GE Capital. The bank itself did not change hands: it kept the same FDIC charter (certificate 27314).
What happened to GE Money Bank?
Last reviewed August 2026
GE Money Bank was spun off from GE in 2014 and now operates as Synchrony Bank.
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From GE Money Bank to GE Capital Retail Bank
June 2014: GE Capital Retail Bank becomes Synchrony Bank
On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank as GE prepared to take its North American retail-finance business public as Synchrony Financial. Synchrony Financial went public in 2014, and on November 17, 2015 it completed its separation from GE entirely - ending GE's ownership of the former GE Money Bank.
What it means for old GE Money Bank accounts
Because each rename kept the same bank charter, GE Money Bank accounts, store credit cards, and CDs simply continued under the new names - first GE Capital Retail Bank, then Synchrony Bank. If you hold a store card or deposit account that started life with GE Money Bank, Synchrony Bank is the institution behind it today. You can see where Synchrony Bank's deposit rates stand in RateZip's tracked tables on the RateZip Rate Index.
Original profile
About
GE Capital Retail Bank, formerly known as GE Money Bank, is the name of General Electric's consumer bank. General Electric Capital is the seventh largest financial institution in the United States with over $500 billion in assets. Formerly called GE Consumer Finance, it rebranded under the name GE Money Bank, and then became GE Capital Retail Bank in 2011. Over the year's the bank has served a variety of purposes, though today it only offers consumers private label credit cards and various financing options. In the past, General Electric's banking arm offered fixed and adjustable rate mortgage loans, home equity loans, student loans, auto loans, and personal line of credit. These programs have since been discontinued. In 2011, GE Capital Retail Bank acquired MetLife's banking division, MetLife Bank. GE Bank was later sold to GS Bank.
This bank profile is not an endorsement or advertisement for the bank's products and services. RateZip is an independent publisher of bank information.
RateZip Rate Index
Today's top savings rates
GE Money Bank accounts now live at Synchrony Bank, which currently pays 4.30% APY on a 16-month CD (as of 2026-08-15).
| Bank | APY | As of |
|---|---|---|
| CIT Bank | 4.10% | 2026-08-15 |
| Poppy | 4.00% | 2026-08-15 |
| Western State Bank | 4.00% | 2026-08-15 |
Highest published savings APYs tracked by RateZip as of 2026-08-15 13:05 ET. See the full RateZip Rate Index →
Frequently asked questions
When did GE Money Bank become Synchrony Bank?
In two steps: GE Money Bank was renamed GE Capital Retail Bank effective October 1, 2011, and that bank was renamed Synchrony Bank on June 2, 2014, ahead of GE's spinoff of Synchrony Financial.
Is Synchrony Bank still part of GE?
No. Synchrony Financial completed its separation from GE on November 17, 2015. Synchrony Bank is its banking subsidiary and has no remaining ownership tie to General Electric.
What happened to GE Money Bank store credit cards and deposit accounts?
They continued uninterrupted under the renamed bank - the FDIC charter never changed. Store cards and deposit accounts issued by GE Money Bank or GE Capital Retail Bank are Synchrony Bank products today.
Sources
- https://banks.data.fdic.gov/bankfind-suite/bankfind/details/27314 - FDIC BankFind institution history for certificate 27314 (Synchrony Bank, Draper, UT): legal name changes effective Oct 1, 2011 (GE Money Bank to GE Capital Retail Bank) and June 2, 2014 (to Synchrony Bank) - same FDIC charter throughout.
- https://www.ge.com/news/press-releases/synchrony-bank-formerly-ge-capital-retail-bank-resolves-outstanding-inquiries - GE press release, June 19, 2014: notes that GE Capital Retail Bank changed its name to Synchrony Bank on June 2, 2014.
- https://www.synchrony.com/contenthub/newsroom/synchrony-financial-announces-completion-of-separation-from-ge.html - Synchrony Financial press release, Nov 17, 2015: completion of separation from GE, following the 2014 IPO.
- https://www.consumerfinance.gov/enforcement/actions/synchrony-bank-fka-ge-capital-retail-bank/ - CFPB enforcement records identify Synchrony Bank as formerly known as GE Capital Retail Bank.