Compare Truist Bank products: Savings, Checking, and CDs

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:

• Personal banking

  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 mortgages for a full spectrum of borrowers.
  • 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?

• 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

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Name	Product	Interest rates (APY)	Fee	Minimum deposit to open	Interest earned
American Express® High Yield Savings		0.60%	$0	$0		Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.	Go to site More Info	Compare	loading Fetching your data...
Axos Bank High Yield Savings		0.61%	$0	$250		No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.	Go to site More Info	Compare	loading Fetching your data...
Aspiration Spend & Save Account		1.00% on $0 to $10,000 but you’ll need to be enrolled in Aspiration Plus and make at least $1,000 in debit card purchases a month	$0 per month or $7 per month for Aspiration Plus ($5.75 per month if you pay annually)	$10		Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.	Go to site More Info	Compare	loading Fetching your data...
CIT Bank Money Market		0.55%	$0	$100		A savings account with a higher-than-average rate and minimal fees.	Go to site More Info	Compare	loading Fetching your data...
SoFi Money		0.25%	$0	$0		SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love.	Go to site More Info	Compare	loading Fetching your data...
Chase Savings		0.01%	$5 per month (can be waived)	$0		A simple savings account with low, waivable monthly fees and a $150 signup bonus when you meet deposit and balance requirements.	Go to site More Info	Compare	loading Fetching your data...
CIT Bank Savings Builder High Yield Savings Account		0.50% on $25,000+ or set up a direct deposit of $100+ each month 0.30% on $0 to $24,999	$0	$100		No account opening or maintenance fees. Daily compounding interest. Earn one of the nation's top rates	Go to site More Info	Compare	loading Fetching your data...
Discover Online Savings Account		0.60%	$0	$0		Take advantage of a high-interest online savings account with no fees, no minimums and more.	Go to site More Info	Compare	loading Fetching your data...
BBVA Money Market		0.21% on $1,000,000+ for 3 months (0.20% after) 0.13% on $10,000 to $999,999.99 for 3 months (0.10% after) 0.05% on $0 to $10,000	$15 per month (can be waived)	$25		Earn a promotional APY for your first 3 months and access your money by ATM, check or bill pay.	Go to site More Info	Compare	loading Fetching your data...
Discover Money Market		0.50% on $100,000+ 0.45% on $1 to $99,999	$0	$2,500		This money market account offers a competitive APY.	Go to site More Info	Compare	loading Fetching your data...
UFB Direct High Yield Savings		0.40%	$0	$100		Earn an APY when your balance is higher than $10,000 with this no-monthly-fee savings account.	Go to site More Info	Compare	loading Fetching your data...
Betterment Everyday Cash Reserve		0.40%	$0	$10		This savings account has no account and overdraft fees, plus it requires no minimum balance.	Go to site More Info	Compare	loading Fetching your data...
Synchrony High Yield Savings		0.65%	$0	$0		Earn one of the highest interest rates without the fees.	Go to site More Info	Compare	loading Fetching your data...
UFB Direct Premium Money Market Account		0.40% on $25,000+ 0.10% on $0 to $24,999.99	$10 per month (can be waived)	$5,000		Enjoy the security and earning potential of a savings account while maintaining the flexibility to write checks.	Go to site More Info	Compare	loading Fetching your data...
Radius Bank High-Yield Savings		0.25% on $25,000+ 0.15% on $2,500 to $24,999.99 0.05% on $10 to $2,499.99	$0	$100		A free high-interest savings account with a $100 minimum deposit to open	Go to site More Info	Compare	loading Fetching your data...
Ponce Bank Savings		0.50%	$0	$1		Ponce Bank Savings account, offered in partnership with Save Better, has a $1 opening deposit and earns 0.50% APY.	Go to site	Compare	loading Fetching your data...
Continental Bank Savings		0.45%	$0	$1		Continental Bank Savings account, offered in partnership with Save Better, has a $1 opening deposit and earns 0.45% APY.	Go to site	Compare	loading Fetching your data...
Central Bank of Kansas City Savings		0.40%	$0	$1		The Central Bank of Kansas City Savings account, offered in partnership with Save Better, has a $1 opening deposit and earns 0.4% APY.	Go to site	Compare	loading Fetching your data...

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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:

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.

Frequently asked questions

• What’s Truist Bank’s routing number and SWIFT code?

  SunTrust’s SWIFT code is SNTRUS3A and its routing number is 061000104.

  BB&T’s SWIFT code is BRBTUS33 and its routing numbers are:

  State	Routing number
  Alabama	0622-0398-4
  District of Columbia	0540-0154-7
  Florida	2631-9138-7
  Georgia	0611-1341-5
  Indiana	0839-7428-9
  Kentucky	0839-0068-0
  Maryland	0550-0330-8
  New Jersey	0312-0471-0
  North Carolina	0531-0112-1
  Ohio	0421-0226-7
  Pennsylvania	0313-0912-3
  South Carolina	0532-0160-7
  Tennessee	0642-0816-5
  Texas	1110-1769-4
  Virginia	0514-0426-0
  West Virginia	0515-0339-4

• Will any BB&T or SunTrust branches close as a result of the merger?

  Yes. Truist Bank anticipates some branches closing, but it hasn’t determined which ones yet.

• What does this merger mean for me if I already bank with SunTrust or BB&T?

  The merger shouldn’t affect current customers for quite some time. BB&T and SunTrust are still two separate companies that operate independently.

• Can I open a SunTrust account?

  SunTrust accounts are only available to those in Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia and West Virginia.