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% bonus, up to $25. Bonus is calculated on the 12–month average ledger balance of the Select Savings account. Bonus will be credited to the Select Savings account on the anniversary of the Select Savings account open date when the Select Savings account is linked with a Select Checking or Signature Advantage® account. To receive the bonus, Select Savings and Select Checking or Signature Advantage® accounts must be open and in good standing on the date that the bonus is paid. Fees may reduce earnings on the account. Select Savings is limited to one account per client.
2 Monthly maintenance fee is waived for each month in which one (1) automated transfer ($25 minimum) occurs OR a minimum daily collected balance of $1,000 is maintained. Automated transfers must come from a SunTrust personal checking account. ATM transactions and over the counter transactions do not apply. Please see Fee Schedule for further details.
The interest rate and annual percentage yield for this account is 0.01%, applicable to all balances and is accurate as of . 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. Federal banking regulations limit you to six pre-authorized, telephone or on-line transfers to your other SunTrust Bank accounts or to third parties. Additionally, this limitation includes 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. In determining when a transfer is made, the bank will use the date the transfer is paid. If you routinely exceed these withdrawal limitations, the bank may close the account or convert it to a checking account. The foregoing limitations do not apply to withdrawals made by you or transfer 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.
Three strategies from SunTrust can help you reach your savings goals.
This tool helps you to budget for living expenses for one year of college.
Use this CD calculator to calculate the value of your Certificate of Deposit (CD) at maturity, and see how factors such as the term and interest rate can affect the value when you cash it in.
Learn how inflation and income taxes will affect your savings plan.
For more details about Wire Transfers with SunTrust, call 800.947.3786
SunTrust Incoming wire instructions:
SunTrust Incoming wire instructions are also available by calling 800.947.3786 - option 1
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