diff --git a/packages/loot-core/src/server/main.ts b/packages/loot-core/src/server/main.ts
index 89a29484f7a..059869d935d 100644
--- a/packages/loot-core/src/server/main.ts
+++ b/packages/loot-core/src/server/main.ts
@@ -1056,7 +1056,7 @@ function handleSyncResponse(
   newTransactions.push(...added);
   matchedTransactions.push(...updated);
 
-  if (added.length > 0 || updated.length > 0) {
+  if (added.length > 0) {
     updatedAccounts.push(acct.id);
   }
 }
diff --git a/upcoming-release-notes/4009.md b/upcoming-release-notes/4009.md
new file mode 100644
index 00000000000..7ee3d60b65c
--- /dev/null
+++ b/upcoming-release-notes/4009.md
@@ -0,0 +1,6 @@
+---
+category: Bugfix
+authors: [matt-fidd]
+---
+
+Fix incorrect boldening of synced accounts in the sidebar