![]() ![]() A CD reaches maturity when its term ends. Instead of having the flexibility of making deposits and withdrawals at will, CDs allow those transactions at opening and at maturity. No monthly fee, although you can face a penalty for early withdrawal.Ī certificate of deposit offers a more structured approach to savings accounts. SunTrust Personal Certificates of Deposit (CDs) Key Features You’ll also have access to balance alerts to keep track of your savings goals. Those features can help you save and spend more responsibly. You can link this account with your SunTrust checking account to set up overdraft protection and automatic transfers. ![]() You will need to maintain at least 1 cent in the account to keep it open. There isn’t a minimum deposit requirement, either, so you can start saving with whatever you have. The Essential Savings account offers customers the basics of a savings account at no monthly fee. $3 monthly fee for Paper Statements (enroll in Online Paperless Statements to waive)Ĭall SunTrust to find out the most accurate rates for you.Online, mobile, over the phone and at physical branches.įDIC insurance up to the maximum amount allowed by law. 6-month account not available as an IRAĬompare SunTrust Bank to Other Competitive Offers SunTrust Essential Savings Account Key Features.Available as Personal Certificates of Deposit.Opportunity to earn extra cash back with SunTrust Cash Rewards credit card.Read on below to explore SunTrust's many offerings. This way, you can learn more about the bank’s offerings and feel more confident in your financial decisions. Whether you reach out to customer service over the phone or on the website’s live chat feature, each representative is helpful and polite. SunTrust provides customers with a more personal feel when it comes to banking. While this might be expected of a smaller bank, these features may place the accounts out of reach for many consumers. Most account charge a monthly fee and have high minimum deposit requirements. You may also want to open a savings account with a high account balance to take advantage of the higher interest rate tiers. To earn the highest rates with the bank, you’ll want to open a long-term CD. SunTrust Bank doesn't offer the highest rates compared to other banks in the industry. ![]()
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