SunTrust Bank Review 2022
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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Additionally, the account doesn’t charge a monthly maintenance fee. There is a $3 charge for paper statements, but that can be avoided if you enroll in e-statements. The account pays very little interest.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The account charges a hefty $17 monthly fee if you fail to meet its minimum balance requirements. In order to waive the fee, you’ll need to set up monthly transfers of at least $100 or maintain at least a $10,000 balance.
The money market account does offer check-writing privileges.
The Essential Checking account requires $100 to open. It charges a $7 monthly fee, but you can avoid the fee if you meet one of these criteria: Maintain a $500 balance; make $500 or more in qualifying direct deposits per month; make a minimum of 10 banking transactions per month; or open the account as a student. Account holders also get a free starter pack of 10 checks or 50 percent off their first check order. This account doesn’t earn any interest.
The Advantage Checking account also requires $100 to open. It charges a $20 monthly fee, but you can avoid it by making $3,000 or more in qualifying direct deposits per month or maintaining at least a $10,000 total combined balance across linked deposits and investments. You will earn some interest on the checking account and it also offers some ATM fee reimbursements. Account holders get a starter pack of 100 checks or 50 percent off their first check order.
Checking account holders can make free peer-to-peer payments through Zelle.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. SunTrust BankSunTrust Bank Review 2021
TJ Porter is a contributing writer for Bankrate. TJ writes about a range of subjects, from to . Updated November 10, 2022 Bankrate logoThe Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.On This Page
At a glance
3.4 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
SunTrust is a great option for people who live in the Southeast and prefer in-person banking with a full-service financial institution.Highlights
Low Min Deposit Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
SunTrust is a bank that focuses on individuals who live in the southeastern United States. The bank merged with BB&T to become Truist; however, the brands offer separate products for now.Pros
Minimum deposit requirements are relatively low or nonexistent. SunTrust offers two checking accounts with different features. Customers can make free peer-to-peer payments through Zelle.Cons
You can find much higher APYs elsewhere. Some requirements to waive monthly fees are steep.SunTrust Bank bank products
Savings CD Money Market Checking 2.8 Bankrate ScoreSunTrust Bank savings overview
SunTrust offers its Essential Savings account. It doesn’t have a minimum deposit requirement to open, and only one penny is needed to keep the account from closing, making it very accessible to a range of savers.Additionally, the account doesn’t charge a monthly maintenance fee. There is a $3 charge for paper statements, but that can be avoided if you enroll in e-statements. The account pays very little interest.
Pros
The account doesn’t have a minimum deposit requirement to open. There’s no monthly maintenance fee.Cons
You can find much higher yields if you shop around. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 2.8 Bankrate ScoreSunTrust Bank CD overview
SunTrust offers a range of CD terms. The website says you can choose from terms ranging from seven days to 10 years. However, displaying rates for specific CD terms only displayed four terms ranging from six months to 24 months. If you’re looking for a CD with a different term, consider contacting SunTrust directly.All of SunTrust’s advertised CDs require a $2,000 minimum deposit to open. The advertised APYs are low, even below the national average.Pros
The $2,000 minimum deposit to open a CD is manageable.Cons
You can find much higher APYs at other financial institutions. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 2.4 Bankrate ScoreSunTrust Bank money market overview
SunTrust’s Advantage Money Market Savings account offers tiered interest rates; however, you can find higher payouts elsewhere. You will also need to contact the bank to find out the specific rates.The account charges a hefty $17 monthly fee if you fail to meet its minimum balance requirements. In order to waive the fee, you’ll need to set up monthly transfers of at least $100 or maintain at least a $10,000 balance.
The money market account does offer check-writing privileges.
Pros
The account offers check-writing privileges.Cons
You can find much higher APYs elsewhere. There’s a $17 monthly fee if you can’t meet the requirements to waive it. 3.9 Bankrate ScoreSunTrust Bank checking overview
SunTrust offers two checking accounts: Essential Checking and Advantage Checking.The Essential Checking account requires $100 to open. It charges a $7 monthly fee, but you can avoid the fee if you meet one of these criteria: Maintain a $500 balance; make $500 or more in qualifying direct deposits per month; make a minimum of 10 banking transactions per month; or open the account as a student. Account holders also get a free starter pack of 10 checks or 50 percent off their first check order. This account doesn’t earn any interest.
The Advantage Checking account also requires $100 to open. It charges a $20 monthly fee, but you can avoid it by making $3,000 or more in qualifying direct deposits per month or maintaining at least a $10,000 total combined balance across linked deposits and investments. You will earn some interest on the checking account and it also offers some ATM fee reimbursements. Account holders get a starter pack of 100 checks or 50 percent off their first check order.
Checking account holders can make free peer-to-peer payments through Zelle.
Pros
SunTrust offers two checking accounts with different features. Customers can make free peer-to-peer payments through Zelle.Cons
The minimum requirements to avoid the monthly fees are relatively steep. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
For people who live in the Southeast, you will have little trouble finding a branch to visit or an ATM. Plus, SunTrust supports relatively well-rated mobile apps that you can use to manage your account from anywhere.About SunTrust Bank
SunTrust is an institution that focuses on consumers who live in the Southeast. It operates more than a thousand branches. While SunTrust has merged with BB&T to become Truist, the two banks continue to offer their own products for now. Under the SunTrust brand, customers can open money market accounts, CDs, savings accounts and checking accounts. SunTrust also offers loans, credit cards, mortgages, investment services and more.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .