1 Earn an annual 1.00% bonus up to $25. Bonus is calculated on the 12-month average ledger balance of the Select Savings account when the account is linked with a Select Checking or Signature Advantage Checking account. Bonus will be credited to the Select Savings account on the anniversary of the account open date. Select Savings and Select Checking or Signature Advantage Checking accounts must be open and in good standing on the date that the bonus is paid to receive the bonus.
2 For Select Savings accounts, we charge $4 for each excessive withdrawal if more than two withdrawal transactions are paid during the month. Applicable fees are assessed at the time of withdrawal. The fee will be waived for accounts that maintain a minimum balance of $2,500 each month. Please see Fee Schedule for further details.
3 The use of all savings and money market accounts for overdraft protection will result in a transfer fee of $12.50 per transfer, charged to the protected deposit account. All advances are subject to funds availability. Overdraft Protection Service is not available for all SunTrust products or product service areas. See your SunTrust representative for details.
For Signature Money Market Savings accounts, an excessive withdrawal fee of $15 is assessed regardless of balance, if more than six pre-authorized, telephone funds transfers or third party transactions are paid during the statement period. Applicable fees assess at the time of the withdrawal.
Federal banking regulations limit you to six pre-authorized, telephone or on-line transfer to your other SunTrust Bank Accounts or to third parties. Additionally, this limitation includes checks, drafts or similar orders you make payable to a third party. The limitation applies per statement period. If you routinely exceed these limitations the Bank may close the account or convert it to a checking account.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NON-INTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest-bearing transaction account (including an Interest on Lawyer Trust Account) will no longer receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.