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Its a less risky option than putting your money into the stock market and real estate.
Truist Savings Account Interest Rates
Truist Bankoffers FDIC-insured bank accounts with varying interest rates.
Heres a close look at each one.
Truist One Savings
Truist savings account interest rates arent the best, at onlyAPY.
The account requires a $50 minimum opening deposit and has optional overdraft protection.
This savings account also has a $5 monthly maintenance fee.
The savings account does not have any overdraft fees or monthly maintenance fees.
Transactions that exceed the accounts balance will be declined or returned.
you’re free to make up to six fee-free withdrawals per month.
How Do Truist Interest Rates Compare to Other Banks?
Its nice to earn some extra cash on the money you store in the bank.
Furthermore, Truist rates fall below the national average savings rate, which currently stands at 0.42% APY.
Other Savings Options at Truist
Truist offers more than just standard savings accounts.
Heres a look at the Money Market account and CD options.
The account has a $50 minimum opening deposit and a $12 monthly maintenance fee.
You canwaive this monthly feeif you have a $15,000 minimum daily balance.
However, you will end up with aAPY for most of the banks CDs.
CDs are automatically renewed at the standard CD rate ofAPY.
Truist will notify you before renewing your CD and give you the option to redeem your CD instead.
Final Take
Truist Bank is an established financial institution that dates back to 1872.
The bank is the result of a merger between BB&T and SunTrust Banks.
While the bank hasmore than 2,000 branches, Truist savings account interest rates arent the best.
Most accounts only haveAPY, which leaves much to be desired.
FAQ
Rates are subject to change; unless otherwise noted, rates are updated periodically.
All other information on accounts is accurate as of Jan. 13, 2025.
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