You’re on your way to financial confidence, and there’s something to be said for that. With Select Savings, you can earn a bonus just for setting up a savings plan and contributing to it.
Easily avoid the monthly maintenance fee by:
1 Clients 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 an Advantage Checking or another qualifying SunTrust checking account. Qualifying checking accounts include Advantage Checking, Signature Advantage® Checking, Exclusive Checking or Select Checking accounts. To receive the bonus, accounts must be open and in good standing on the date that the bonus is paid. Bonus will be credited to the Select Savings account on the anniversary of the account open date. Fees may reduce earnings on the account. Select Savings is limited to one account per client. The standard interest rate and annual percentage yield for this account is 0.01%, applicable to all balances, and is accurate as of 12/08/2018.
2 Monthly Maintenance Fee is waived for the Select Savings account for each statement cycle in which an incoming electronic transfer or electronic deposit totaling at least $25 occurs OR a minimum daily collected balance of $1,000 is maintained. ATM transactions and over-the-counter transactions do not apply. Please see Fee Schedule at suntrust.com/disclosures for further details.
The standard interest rate and annual percentage yield for this account is 0.01%, applicable to all balances and is accurate as of 12/12/2018. 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.
Excessive Withdrawal Fees. For savings accounts, an excessive withdrawal fee of $6 is assessed regardless of balance, for each excessive withdrawal if more than six withdrawal transactions are paid during the monthly statement cycle or a calendar month for quarterly statements with a maximum of 6. Applicable fees are assessed at the time of withdrawal. Please see Fee Schedule for further details.
Withdrawal Transaction Limitations. Savings and money market accounts are governed by federal regulations, which limit the number of certain types of transactions. From your savings or money market accounts, you are limited to six preauthorized, 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 cycle for monthly statements or calendar month for quarterly statements. Due to IRS regulations, these transfer options are not available for money market IRAs. In determining when a transfer is made, the 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.
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