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. Select Savings is limited to one account per client.
2 Paperless Online Statement: Electronic/Online statement provided through Online Banking each statement cycle. Clients must select the option to no longer receive paper account statements through U.S. mail. Online Banking is required to access paperless online statements.
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.
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.
Withdrawal Transaction Limitations. Savings and Money Market Accounts are governed by Federal regulations, which limit the number of certain types of transactions. From your Money Market Account, you are limited to six pre-authorized, telephone or on-line transfers 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. Due to IRS Regulations, these transfer options are not available for Money Market IRAs. In determining when a transfer is made, Bank will use the date the transfer is paid. If you routinely exceed these withdrawal limitations on your Savings or Money Market Accounts, the Bank may close the Account or convert the account to a checking account. The foregoing limitations do not apply to withdrawals made by you or transfers to other Accounts, which you have with us when these transfers are made by messenger, in person or through ATMs. The federal regulatory limit applies regardless of account balance.
At the Bank's discretion, rates and yields are subject to change without notice after the account is opened. Interest is calculated and compounded daily on the collected balance in your account and credited to your account quarterly. Fees may reduce earnings.
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.