Truist Bank

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Compare Truist Bank products: Savings, Checking, and CDs

Two banks have merged to offer you a range of products for personal and business use.

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Suntrust and BB&T merged to create Truist Bank. The bank offers a range of products for personal and business use. But it’s still predominantly located on the East Coast.

What banking products does Truist Bank offer?

Together, SunTrust and BB&T offer a large suite of checking and savings accounts for individuals and businesses:

Checking accounts

  • BB&T Fundamentals account. A basic account with no minimum balance or direct deposit requirements, but there’s a $5 monthly fee and it’s not available to Pennsylvania residents.
  • BB&T Bright Banking account. Avoid the $12 monthly fee when you direct deposit $500 or more or keep an average daily balance of $1,500.
  • BB&T Student Checking account. Designed for students 23 and younger, this account has no monthly fees or minimum requirements.
  • BB&T Senior Checking account. If you’re 55 years or older, you’ll enjoy free checks and one early penalty-free CD withdrawal for medical emergencies.
  • BB&T Elite Gold Checking account. An interest-bearing account with four non-network ATM transactions per month, but you’ll have to keep $25,000 in combined deposits to avoid its $30 monthly fee.
  • SunTrust Balanced Banking account. A basic checking account with 10% cashback when you redeem SunTrust credit card rewards and reduced insufficient funds fee for returned items.
  • SunTrust Essential Checking account. You’ll need $100 to open this basic checking and enjoy no monthly fees for the first five years of account opening.
  • SunTrust Advantage Checking account. An interest-bearing account with credit card loyalty rewards rates, but you’ll only earn 0.1% in interest.

Savings accounts

  • BB&T eSavings account. An online-only account with unlimited deposits and withdrawals and no monthly fees or minimum deposits.
  • BB&T Young Savers account. Minors can learn the importance of saving with this beginner’s account with no monthly fees.
  • SunTrust Essential Savings account. No monthly fees or minimum deposits, but you’ll only earn 0.1% in interest.
  • SunTrust Select Savings account. Earns 0.1% interest, but you’ll get an annual 1% bonus when this account is linked to a SunTrust checking account.
  • BB&T High Performance Money Market account. Offers tiered interest rates, checkwriting privileges and unlimited withdrawals and deposits at BB&T branches and ATMs, but you’ll need $1,000 to open an account.
  • SunTrust Advantage Money Market Savings account. You’ll need to maintain $10,000 to avoid the $17 monthly fee.
  • SunTrust CD. Offers no monthly fees and fixed interest rates for variable term lengths, but you’ll need $2,000 to get started.
  • BB&T Investor’s Deposit account. Requires a $10,000 minimum balance, but comes with checkwriting privileges, tiered interest rates and unlimited deposits, withdrawals and transfers at BB&T branches and ATMs.
  • BB&T Health Savings account. Those with a high deductible health care plan can save with a tax-advantaged HSA.

Business products

  • SunTrust Simple Business Checking account. Includes one personal Advantage Checking account for one business owner, 50 transactions and $2,000 in monthly cash processing.
  • SunTrust Primary Business Checking account. You’ll get one personal Advantage Checking account and the ability to process up to $5,000 in cash and 150 transactions monthly.
  • SunTrust Business Advantage Plus Checking account. Ideal for those with high monthly transaction volumes, this account features two additional Business Advantage Plus accounts, one personal Advantage Checking account and free fraud protection services.
  • SunTrust Business CDs. Offers tiered interest rates and multiple terms to suit your business needs.
  • SunTrust Business Advantage Money Market account. Keep $500 in your account to avoid the monthly maintenance fee.

Other products

  • Mortgages. Offers a suite of mortgages for borrowers in a variety of scenarios.
  • Loans. Choose from private student, auto and small business loans as well as lines of credit.
  • Credit cards. Choose from a range of credit cards, including SunTrust Business Cash Rewards, SunTrust Secured with cash rewards, BB&T Bright and other BB&T secured credit cards.
  • IRAs. Save for retirement with an IRA through Truist Bank.
  • Investing. Investing in stocks, bonds, mutual funds and more.

Why should I open an account at Truist Bank?

Truist Bank offers traditional perks like online and mobile banking, FDIC-insured deposits and a debit card, as well as:

  • Minimal fees. Some of BB&T’s checking and savings accounts have minimal to no fees for those just starting out.
  • Varying minimum deposits. Choose from basic accounts with $0 minimum balances to premium accounts with $10,000.
  • Multiple locations. SunTrust and BB&T have thousands of locations scattered across the East Coast.
  • Variety. Choose from 27 different checking and savings accounts across SunTrust and BB&T.

What should I look out for?

If you’re considering an account with Truist Bank, watch out for these drawbacks:

  • Low APYs. Most interest-bearing accounts earn a low 0.1% APY.
  • Companies are still separate. Although BB&T and SunTrust have merged, you’ll still have to bank with each company separately.
  • Regional locations. SunTrust and BB&T are located in the East Coast, so it may not appeal to Midwest or West Coast residents.
  • Some accounts must be opened in person. You may need to visit a branch to open some accounts, making it more difficult to bank with Truist if you don’t live in the East Coast.

Compare Truist Bank to the competition

1 - 17 of 17
Name Product Annual Percentage Yield (APY) Fee Minimum deposit to open Interest compounding Offer
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
Up to 5.00%
$0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
$10
Monthly
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
CIT Savings Connect
Finder Rating: 5 / 5: ★★★★★
CIT Savings Connect
2.70%
$0
$100
Daily
Earn an impressive APY on your entire balance. This straightforward online savings account has no monthly service or account opening fees.
Bread Savings™ High-Yield Savings
Finder Rating: 4.3 / 5: ★★★★★
Bread Savings™ High-Yield Savings
2.90%
$0
$100
Daily
Earn competitive interest rates with this high-yield savings account you can open in just minutes. Member FDIC.
UFB Elite Savings
Finder Rating: 5 / 5: ★★★★★
UFB Elite Savings
3.01%
$0
$0
Daily
Earn a 3.01% APY with no minimum deposit or balance amount with this no-monthly-fee savings account.
Quontic Bank High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
Quontic Bank High Yield Savings
2.15%
$0
$100
Daily
Interest is compounded daily. No monthly service fees. Competitive rates
Save Market Savings
Bonus
Save Market Savings
Up to 4.46%
0.35% annually (can be waived)
$1,000
Annually
Each time you successfully refer a friend, Save invests an extra $1,000 on both of your behalfs. After a year is up, Save keeps the $1,000 and gives you all the earned interest.
Each time you successfully refer a friend, Save invests an extra $1,000 on both of your behalfs. After a year is up, Save keeps the $1,000 and gives you all the earned interest.
A savings account that invests your interest in the stock market where it can earn an average 4.46% return.
Varo
Finder Rating: 4.7 / 5: ★★★★★
Varo
Up to 5.00%
$0
$0
Daily
The Varo savings account is a no-fee account designed to offer benefits to help people save more money.
Barclays Online Savings
Finder Rating: 4.6 / 5: ★★★★★
Barclays Online Savings
2.25%
$0
$0
Daily
Barclays Online Savings account offers key features that can help you save, including a high-interest rate, no monthly fees, and no minimum deposit.
American Express® High Yield Savings Account
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings Account
2.00%
$0
$0
Daily
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Quontic Bank Money Market
Finder Rating: 4.6 / 5: ★★★★★
Quontic Bank Money Market
2.00%
$0
$100
Daily
Competitive rates, no monthly fees, user-friendly online banking platform
Chime Savings
Finder Rating: 4.6 / 5: ★★★★★
Chime Savings
1.50%
$0
$0
Daily
Grow your savings automatically with recurring transfers, round-ups on debit card purchases and 1.50% APY.
UFB Elite Money Market Account
UFB Elite Money Market Account
3.01%
$10 per month
(can be waived)
$0
Daily
Enjoy the security and earning potential of a savings account while maintaining the flexibility to write checks.
First Citizens Online Savings
0.03%
$0
$50
Daily
Stands out for its Manage My Money tool, which lets you monitor your spending and track your net worth by linking various financial accounts. Available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV, and WI
CIT Bank Money Market
Finder Rating: 3.9 / 5: ★★★★★
Bonus
CIT Bank Money Market
1.55%
$0
$100
Daily
Open a Money Market account using the promo code AMZN22. Fund your account with at least $15,000 within 15 days keep the balance for 60 days.
A savings account with a higher-than-average rate and minimal fees.
CIT Bank Savings Builder High Yield Savings Account
Finder Rating: 4.3 / 5: ★★★★★
CIT Bank Savings Builder High Yield Savings Account
Up to 1.00%
$0
$100
Daily
No account opening or maintenance fees. Daily compounding interest. Earn one of the nation's top rates
Discover Online Savings Account
Finder Rating: 4.6 / 5: ★★★★★
Discover Online Savings Account
2.15%
$0
$0
Daily
Take advantage of a high-interest online savings account with no fees, no minimums and more.
Discover Money Market
Finder Rating: 3.9 / 5: ★★★★★
Discover Money Market
Up to 2.10%
$0
$2,500
Daily
This money market account offers a competitive APY.
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Truist Bank customer service

You’ll need to contact either BB&T or SunTrust depending on which institution you opened an account with:

BB&T customer service

To speak with a representative from BB&T:

  • Call 800-226-5228 daily from 6 a.m. to midnight ET.
  • Visit a local branch in person.
  • Send a secure message through the online banking portal.
  • Tweet @BBT.

SunTrust customer service

To speak with a representative from SunTrust:

  • Call 800-786-8787.
  • Visit a local branch near you.
  • Send a secure message through the online banking portal.
  • Send a letter via US Mail to:
    SunTrust Bank
    PO Box 85024
    Richmond, VA 23285-5024.

Bottom line

If you’re looking for a large bank with a wide variety of products, Truist Bank may be a good fit. But if you want an account with higher interest rates, shop around for higher yields.

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