During this period, online 1-year CD rates bottomed out in a range of 0.80% to 1.00%. The 1YrOCD Index has fallen below this range which indicates that we’re now seeing all-time low 1-year CD rates at most online banks. Why 1-year CD rates? One-year CD rates provide a good benchmark for both rate. Learn about the certificates of deposit (CDs) offered by SunTrust Bank and compare its interest rates and early withdrawal fees to other market-leading CDs. By Thomas (TJ) Porter Updated: Dec 27, 2020.

• Sun Trust Savings Current Interest Rate
• Suntrust Cd Rates 2020
• Suntrust Cd Rates Maryland
• Suntrust Cd Rates And Money Market Rates

SunTrust Bank is one of the respectable banks with total assets of $170.8 billon on March 31, 2011. The services that SunTrust Bank provides are vast but include: deposit, credit, trust, and investment. They also specialize in mortgage banking, brokerage, investment management, equipment leasing, and investment banking services. With all the services SunTrust provides, one can see how this bank continues to be growing in this questionable economy.

SunTrust also serves clients in selected markets nationally and vigorously enhances the lives of their clients, communities, colleagues, and their shareholders. SunTrust offers 1,665 retail branches and 2,924 ATMs which are located primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. They also have superior online services and offer 24-hour customer services centers.

Review: SunTrust Bank Services

Credit Card Services: The credit cards provided by SunTrust are highly recognized because they are accepted at more than 21 million merchants and offer amazing awards. Roadside Dispatch is included with all the credit cards and a built-in option to make contactless purchases, which is perfect for avid iPhone users. The SunTrust Platinum Visa® with SunTrust rewards combines the two other credit cards they have to offer.

Checking Accounts: SunTrust has an easy option for you to decide which account is best for your lifestyle and financial needs. On their website, they provide recommendations once you select the different options that you need. Simple and easy to understand descriptions are provided for each account so that you spend less time researching and more time finding the right account for you. The most basic checking account they offer is called Everyday Checking which requires a $100 minimum opening balance and only a $500 minimum daily collected balance to avoid the monthly maintenance fee of $7.

Sun Trust Savings Current Interest Rate

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If you need to place your funds in a secure place, then no look no further because SunTrust Bank can help fulfill this need. You can invest your funds for a given amount of time at a fixed interest rate so that you do not need to worry about any interest rate fluctuations that may occur. SunTrust Bank offers CDs ranging from seven days to 10 years. Their philosophy is “the more money you put into your CD, the more you’ll get out of it.”

The minimum opening balance to open a CD is $2,000 and the maximum opening deposit is $1,000,000.00 per CD.

SunTrust Bank – Special CD Package – as of 7/18/11

• 44 month CD & IRA CD and 64 month CD & IRA CD – 2.10% APY

SunTrust Bank – Special CD Offers – as of 7/18/11

• 9 month CD – 0.30% APY
• 15 month CD & IRA CD – 0.50% APY
• 25 month CD & IRA CD – 0.75% APY
• 37 month CD & IRA CD – 1.25% APY
• 59 month CD & IRA CD – 2.25% APY

For more information, or to open an account, please speak with a SunTrust representative at 800.279.4824.

Terms & Conditions: To qualify for the Special CD Package, balances must be split evenly between CDs in the package. A SunTrust checking account is required. A penalty is imposed for early withdrawals.

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Two savings accounts are offered bySunTrust which can help with savings goals while earning interest. SunTrust realizes how hard it is becoming to save and rewards its faithful customers with a bonus into theirsavings account. They offer many techniques to help track every dollar you are spending so that you can meet your savings goal.

SunTrust Bank – Personal Savings Account: Features & Benefits

• Avoid a $4.00 monthly maintenance fee with a monthly automatic transfer from checking of just $5.00 or a low $300.00 minimum balance
• No monthly maintenance fee for minor account owners
• Competitive interest rates
• The ability to deposit or withdraw funds at any time
• Access to your funds through more than 2,800 SunTrust ATMs
• Limit of 2 withdrawals per calendar month unless you are on a combined statement, in which case you are limited to 2 withdrawals per combined monthly statement cycle.
• $4.00 per withdrawal over 2 per month, waived with Minimum Daily Collected Balance of $2,500 or more
• Security of FDIC insurance coverage
• Quarterly statements of account earnings
• Monthly statements if you have any electronic funds transfer activity or if your account is combined with checking
• Daily compounded interest (based on your collected balance, and credited to your account quarterly)

SunTrust Bank – Live Solid Savings: Features & Benefits

• A competitive interest rate
• A one time bonus
• Low minimum opening balance requirement of $100
• No monthly maintenance fee when you set up automatic transfers for as little as $25 a month from your SunTrust checking account, OR maintain a $1,000 minimum balance
• Available combined statements – savings and checking on one easy-to-read statement
• Peace of mind with available overdraft protection for your SunTrust checking account
• An excessive withdrawal fee of $4 is assessed if more than two
• pre–authorized, telephone funds transfers or third party transactions are paid during the month. The fee will be waived for accounts that maintain a minimum balance of $2,500 each month.
• No overdraft protection transfer fee when Live Solid Savings is the protector account.

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SunTrust Bank is offering a money market account exclusively to their personal checking clients. One if its amazing features is the ability to earn competitive rates of interest while still being FDIC secured. You are able to access your money anytime/anywhere and there is no minimum withdrawal amount.

The requirements and basic information to qualify for this account are as follows:

• An open SunTrust personal checking account
• $100 minimum opening deposit
• $5,000 minimum daily collected balance
• No monthly maintenance fee if balance requirement is maintained or $15/month if not maintained
• $15 excessive withdrawal fee (over 6 per statement period)
• Check Safekeeping is a required feature of this product.
• Interest is calculated and compounded daily on the collected balance and credited to your account monthly.

SunTrust Bank Advantage Money Market Account – Opened Online – as of 7/29/11

The interest rate earned on their money market account is based on the following ledger balance tiers:

• Tier 1-$2,499.99 or less
• Tier 2- $2,500 to $9,999.99
• Tier 3-$10,000 to $24,999.99
• Tier 4-$25,000 to $49,999.99
• Tier 5-$50,000 to $99,999.99
• Tier 6-$100,000 to $249,999.99
• Tier 7-$250,000 to $499,999.99
• Tier 8-$500,000 to $999,999.99
• Tier 9- $1 million or more

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SunTrust Bank is one of the leading innovative banks to offer managed properties for sale available for easy viewing on their website. Support is readily accessible and is SunTrust’s main concern. They offer many educational resources to make sure you are fully aware of the different kinds of mortgage loans offered by various banks.

The rates below are indications for 60 day lock-ins on single family, owner-occupied properties with a loan to value ratio of 80% or less, for applications filed using the Online Loan Application.

To see examples of monthly payment terms, view SunTrust’s APR Examples.

SunTrust Bank – Fixed-Rate Mortgage Loans – as of 7/29/11

• 30 yr Fixed Conventional – 4.375% Interest Rate – 0.000 Discount Points – 4.490% APR
• 30 yr Jumbo Fixed – 4.875% Interest Rate – 0.250 Discount Points – 5.009% APR
• 30 yr FHA – Fixed – 4.250% Interest Rate – -0.375 Discount Points – 4.850% APR
• 15 yr Fixed Conventional – 3.750% Interest Rate – -0.500 Discount Points – 3.871% APR

SunTrust Bank – Adjustable Mortgage Rates – as of 7/29/11

• Agency 5/1 ARM 30 yr – 2.875% Interest Rate – 0.250 Discount Points – 2.580% APR
• Agency 7/1 ARM 30 yr – 3.250% Interest Rate – 0.125 Discount Points – 2.817% APR

Terms & Conditions:Rates, points and closing costs may vary based on loan features, geography and/or other terms and conditions. Rates, points and closing costs are subject to change without notice. Additional rate and point quotes are available; please contact your loan officer for more information.

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Suntrust Cd Rates 2020

• Competitive promotional interest rates
• Suite of bank accounts available

• High minimum deposit
• Low-earning rates outside of promotional CDs

• SunTrust customers who want to benefit from high-earning timed deposits

SunTrust offers certificate of deposit accounts ranging from six months to 2 years. This allows you to open a CD term for however long you’d like it to be within that range. You won’t find the rates for non-promotional terms online, however. You’ll need to call the bank to find the exact rates for these accounts. Unfortunately, these accounts offer relatively low rates.

You’ll do best to open a SunTrust CD with Promotional Rates. Note that you will have to deposit at least $2,000 to open a SunTrust CD account. This may be a high amount for many, but a higher balance does earn more in interest than a smaller balance.

6-Month CD Interest Rate Comparison

Overview of SunTrust CDs

SunTrust offers a huge range of CD terms overall with the shortest term at six months and the longest available term at 2 years. However, you’ll want to focus most on the Promotional CDs listed above. Those have the best CD rates that SunTrust offers. For example, if you want to open a six-month account, you’ll earn at only a 0.05% APY. If you’re looking for a shorter-term, perhaps a simple savings account or money market account with a higher interest rate would work better for you. Those accounts allow much more flexibility in accessing your money, too.

Suntrust Cd Rates Maryland

CDs are meant to be held to maturity without any extra deposits or withdrawals. Once a SunTrust CD reaches maturity, it will automatically renew for the same term length and the published rate at the time of renewal. If you don’t want it to renew, you can withdraw some or all of the amount in the account or make an additional deposit.

If you desperately need to make a withdrawal from a CD before its maturity date, you’ll likely face a penalty. For starters, if you have a CD up to 31 days long, you’ll have to forfeit the equivalent of seven days’ interest. Accounts from one to six months assess a penalty equivalent to six months’ interest. Early withdrawals from an account of six to 12 months penalize the equivalent amount of nine months’ interest. The penalty equals 12 months’ interest on accounts between 12 and 24 months, 24 months’ interest on accounts between 24 and 60 months and 6 months’ interest on accounts longer than 60 months.

How Much You Earn With SunTrust Certificate of Deposits Over Time

You stand to earn much more with a longer-term SunTrust Promotional CD. Even with a promotional rate, the 6-month CD earns a few dollars over the term no matter what your initial deposit is. Any promotional terms longer than that, however, offer some great growth as you can see below.

SunTrust compounds CD interest daily. This grows your money more efficiently than compounding weekly, for example. With daily compounding, your initial deposit will earn interest today, and then tomorrow that new amount (your deposit plus interest earned) will earn interest again and so on until the account matures.

The amounts given below represent what your final balance would look like with the given accounts and initial deposits.

How SunTrust CDs Rates Compare to Other Banks'

If you wanted to open a regular SunTrust CD, you wouldn’t get any standout rates or earnings. Instead, consider opening a Promotional CD, the accounts with higher-earning rates. That way, you can make more out of your initial deposit.

SunTrust’s Promotional CD rates fall somewhere in between the low rates of big banks (like Chase) and the best CD rates from online banks. Its closest competitor in terms of rates is HSBC. HSBC offers only the three terms shown below, although each has a pretty high rate. Plus, HSBC requires a lower initial deposit amount of $1,000.

Suntrust Cd Rates And Money Market Rates

For even higher CD rates, you’ll want to turn to online banks like Ally and Marcus by Goldman Sachs. Ally is hugely beneficial since it does not require a minimum deposit. This allows you to set aside whatever amount you feel comfortable with. Ally High Yield CDs earn according to balance tiers which means a higher balance can earn at a higher rate. The Ally rates below are for the lowest tiers.

Marcus offers higher rates across all balances, although you need at least $500 to open a CD account.

Compare SunTrust Bank to Other Competitive Offers

Should You Get a SunTrust CD Account?

You should consider getting a SunTrust CD account if you’re already a customer with the bank. This will make it much easier for you to contact the bank about its CD accounts and rates, whether at a branch or over the phone. Otherwise, you might have difficulty learning about the various rates offered for non-Promotional CDs.

If you decide that you do want to open a SunTrust CD, you should strongly consider a Promotional CD. These accounts offer much better rates which make your deposit and the hassle of opening an account much more worthwhile.