Truist Bank currently offers competitive Certificate of Deposit (CD) rates, including a 4.00% APY for a 5-month CD and a 3.50% APY for a 36-month CD. Both options require a minimum opening deposit of $1,000 and come with no monthly maintenance fees.
Truist CD Rates at a Glance
Here’s a breakdown of the current CD rates and key features available at Truist Bank:
| CD Term | Annual Percentage Yield (APY) | Minimum Opening Deposit | Monthly Maintenance Fee |
|---|---|---|---|
| 5-month | 4.00% | $1,000 | $0 |
| 36-month | 3.50% | $1,000 | $0 |
Rates are subject to change.
Understanding Truist Certificates of Deposit
A Certificate of Deposit (CD) is a type of savings account that holds a fixed amount of money for a fixed period of time, such as 5 months or 36 months, and typically offers a higher interest rate than a regular savings account. At Truist, you can benefit from:
- Fixed Interest Rates: The APY is locked in for the entire term, providing predictable earnings.
- Guaranteed Returns: Your principal investment and interest earnings are secure.
- No Monthly Fees: Truist CDs do not incur monthly maintenance fees, ensuring your savings are not eroded by charges.
These CDs can be a valuable option for individuals looking to save money with a set timeline and earn a guaranteed return. For more detailed information or to open an account, you can visit the official Truist Certificate of Deposit savings account page.
