Truist CD Rates and CD Information

Truist CD rates are not listed on the bank's website, so as of today we don't have any information on their rates, you have to visit a bank branch. What we call tell you is right now the best CD rates available are 12-month CDs are mostly over 5.00 percent these days. The highest 12-month CD rates in our database are at 6.18% APY. If you're looking for a longer-term CD, the highest 60-month CD rates are at 5.50% APY. Unfortunately, for a list of Truist CD Rates you'll have to visit a local branch, which is unheard of these days. You can read about Truist certificate deposit terms and information below.

Fee Structure:

  • No monthly maintenance fees

  • $2,500 minimum deposit for 7-31 day terms

  • $1,000 minimum deposit for 32-60 month terms

    • Key Features:

  • FDIC-insured up to the legal limit

  • No monthly maintenance fees

  • $1,000 minimum balance

  • Early withdrawal penalties apply

    • Automatic Renewal: Unless directed otherwise, your CD will automatically renew under the same term at Truist’s standard interest rates, based on your renewal balance and local rates.

    Current CD Information: For the latest rates and terms, contact us directly or visit your local branch.

    Interest Accrual: Interest begins accruing no later than the first business day after the bank receives your deposit. Interest is calculated using the daily balance method and the Annual Percentage Yield (APY) assumes interest will stay in the account until maturity.

    Interest Crediting: For accounts with less than $100,000, interest is compounded daily. For terms longer than one year, interest is paid at least annually. For accounts with $100,000 or more, simple interest is applied.

    Fixed vs Variable Rates: Certain CDs have fixed rates for their entire term, while others have variable rates that may change at the bank's discretion.

    Redemption and Grace Periods: CDs with terms less than 32 days have a one-day grace period after maturity for changes or withdrawals without penalty. CDs with terms of 32 days or longer have a ten-day grace period.

    Early Withdrawal Penalties:

  • Terms less than 3 months: Forfeiture of all interest or a $25 fee, whichever is greater.

  • Terms 3-12 months: 3 months of simple interest or a $25 fee, whichever is greater.

  • Terms 13-23 months: 6 months of simple interest or a $25 fee, whichever is greater.

  • Terms 24 months or longer: 12 months of simple interest or a $25 fee, whichever is greater.

    • Contact us for any changes to your CD during the grace period. Withdrawals and additional deposits may be subject to bank approval and may affect your interest rate and APY.

    Note: Information provided is based on terms and conditions that may change. Always refer to the most current terms and disclosures when considering a Truist CD.

    You can check on other CD rates from banks at any time by using our free CD rates comparison tool.

     
    Author: Brian McKay
    October 10th, 2023