SunTrust Bank Savings Account – Key Details and Rates

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SunTrust Bank Savings Account - Key Details and Rates
SunTrust Bank Savings Account – Key Details and Rates

SunTrust Bank offers various types of savings accounts. $ 100 is the minimum opening balance deposit in all categories. The various types of savings account are listed below here.

Types of Savings Account:

  • Personal Savings Account
  • Certificate of Deposits
  • SunTrust Advantage Money Market Account
  • Live Solid Savings

Personal Account:

It is the best option for starters. There is no maintenance fee for a low monthly balance. So, the starters can prefer this type.

Certificate of Deposits:

It has a high interest in rate. A fixed amount is invested for a fixed period of time in this category. So, the interest is high.

SunTrust Advantage Money Market Account:

There is an eligibility criterion for opening this account. To apply for this, the customer should hold a personal checking account. Annual Percent Yield variants for different balance ranges.

Live Solid Savings:

Automatic transfer is provided here. At the same time, the interest rate is also high.

Rate Comparison of Various Savings Account:

In Live Solid, 0.25% APY is provided. Moreover, a one-time bonus payment is allowed after 12 months. Money is charged if the minimum balance is not maintained or automatic transfer of $ 25 is not done. $ 4 is charged for monthly maintenance and excessive fee. Daily collected balance allowed is $ 1000.

In Personal Account, 0.05% APY is offered here. $ 4 is charged for monthly maintenance and excessive fee. Daily collected balance is $ 300.

In SunTrust Advantage Money Market, the rates are stated below here. 0.05% APY is provided for $ 0.01 to $ 9,999.99. 0.40% APY is offered for $ 250,000 to $ 1 Million.

Source by Divya Kannan