Personal Savings Accounts

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Whether you’re working toward a specific goal or looking for a little extra peace of mind, a savings account can be a boost for your financial confidence — in the short term, the long term, and everything in between.

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DISCLAIMERS

* Offers are non-transferable and may not be combined with any other offers. The Annual Percentage Yield (APY) is accurate as of 12/5/2018, and the term or the APY is subject to change at any time and without notice. A 2.00% APY equates to an interest rate of 1.98%. The minimum opening deposit and balance to obtain the APY is $2,000. The maximum opening deposit is $1,000,000 per client. Accounts opened online are limited to $250,000 per CD. This is not available for public funds. There is a substantial penalty imposed for early withdrawals that may result in a reduction of principal if accrued interest is not sufficient to cover the penalty. Fees could reduce earnings on the account.

Unless you instruct us otherwise, when this CD matures, it will automatically renew:

  • For the same time period as the original CD term.
  • At the SunTrust standard interest rate based on the balance tier and the interest rate in effect for your local area at the time of each renewal, based on your renewal balance.

Please visit your local branch or call us at 800.SUNTRUST for current CD information. For more information, please refer to Rules and Regulations under the heading of Automatically Renewable Time Deposits.

Essential Savings

1 Account must maintain a minimum balance of $.01 to avoid account closure.

2 Cash Rewards Redemption: After the close of the billing period in which you earn Cash Rewards, if your card account is in Good Standing, you may redeem a minimum of $5 for either a statement credit to your card account or an ACH credit to a deposit account. You can earn a Loyalty Cash Bonus of 10% if you redeem through an ACH deposit into a SunTrust deposit account. Clients who redeem Cash Rewards through an ACH deposit into any SunTrust checking, savings or money market account will receive a 10% Loyalty Cash Bonus. For example, a 10% Loyalty Cash Bonus on $100 in base Cash Rewards would earn an additional $10, totaling $110 in Cash Rewards earnings.

3 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. If a client does not select the option to opt out of paper statements in Online Banking a paper statement fee will be charged. Online Banking is required to access paperless online statements.

4 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.

Select Savings

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 .

2 Cash Rewards Redemption: After the close of the billing period in which you earn Cash Rewards, if your card account is in Good Standing, you may redeem a minimum of $5 for either a statement credit to your card account or an ACH credit to a deposit account. You can earn a Loyalty Cash Bonus of 10% if you redeem through an ACH deposit into a SunTrust deposit account. Clients who redeem Cash Rewards through an ACH deposit into any SunTrust checking, savings or money market account will receive a 10% Loyalty Cash Bonus. For example, a 10% Loyalty Cash Bonus on $100 in base Cash Rewards would earn an additional $10, totaling $110 in Cash Rewards earnings.

3 The $7 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 the Fee Schedule at suntrust.com/disclosures for further details.

4 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.

Advantage Money Market Savings

1 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 monthly. Fees may reduce earnings. To the extent required by law, SunTrust will report to the Internal Revenue Service any interest that is paid.

2 Cash Rewards Redemption: After the close of the billing period in which you earn Cash Rewards, if your card account is in Good Standing, you may redeem a minimum of $5 for either a statement credit to your card account or an ACH credit to a deposit account. You can earn a Loyalty Cash Bonus of 10% if you redeem through an ACH deposit into a SunTrust deposit account. Clients who redeem Cash Rewards through an ACH deposit into any SunTrust checking, savings or money market account will receive a 10% Loyalty Cash Bonus. For example, a 10% Loyalty Cash Bonus on $100 in base Cash Rewards would earn an additional $10, totaling $110 in Cash Rewards earnings.

3 The $17 Monthly Maintenance Fee is waived for the Advantage Money Market Savings account for each statement cycle in which an incoming electronic transfer or electronic deposit totaling at least $100 occurs OR a minimum daily collected balance of $10,000 is maintained. ATM transactions and over-the-counter transactions do not apply. Please see the Fee Schedule at suntrust.com/feeschedule for further details.

4 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.

Excessive Withdrawal Fees

5 The excessive withdrawal fee applies, regardless of the balance, to transactions such as debit card transactions, checks, electronic transactions (ACH), automatic payments, Bill Payments, Overdraft Protection transfers, wire transfers, and deposit funds transfers completed through Online or Mobile Banking.

6 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.

7 For Advantage Money Market Savings accounts, an excessive withdrawal fee of $15 is assessed regardless of balance, for each excessive withdrawal if more than six pre-authorized, telephone funds transfers or third party transactions are paid during the statement cycle with a maximum of 6. Applicable fees assessed at the time of the 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.

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.

Savings Resource Center

  • New Accounts

  • Support

  • Wires

       

      For more details about Wire Transfers with SunTrust, call 800.947.3786

       

      SunTrust Incoming wire instructions:

       

      • For Domestic incoming wire use Routing ABA: 061000104
      • For International incoming wire use SWIFT/BIC: SNTRUS3A
      • Beneficiary account number: SunTrust full account number
      • Beneficiary name: The name as it appears on the SunTrust account

      SunTrust Incoming wire instructions are also available by calling 800.947.3786 - option 1