Truist savings account rates

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Truist savings ratesTruist Bank has two savings accounts: Truist One Savings and the Truist Confidence Savings Account. 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY) 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY) It indicates an expandable section or menu, or sometimes previous / next navigation options. A check mark.

It indicates a confirmation of your intended interaction. Possible to waive fees A dash. It often indicates an interaction to shrink a section.

Low interest rate A dash. It often indicates an interaction to shrink a section. $50 minimum opening deposit A dash.

It often indicates an interaction to shrink a section. $5 monthly service fee A dash. It often indicates an interaction to shrink a section.

$3 paper statement fee It indicates an expandable section or menu, or sometimes previous / next navigation options. Over 2,100 branches and 3,000 ATMs in the Southeast To waive the $3 paper statement fee, sign up for paperless online statements To waive the $5 monthly service fee you must meet one of the following requirements: Maintain at least $300 in your account daily; Initiate a recurring internal transfer of$25 each month; Open any Truist checking account, or are under the age of 18 Interest compounded daily and deposited monthly FDIC insured 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY) 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY) It indicates an expandable section or menu, or sometimes previous / next navigation options. A check mark.

It indicates a confirmation of your intended interaction. $25 minimum opening deposit A check mark. It indicates a confirmation of your intended interaction.

No monthly service fees A check mark. It indicates a confirmation of your intended interaction. No overdraft or overdraft transfer fees A dash.

It often indicates an interaction to shrink a section. Must open a Confidence Account to qualify for Confidence Savings A dash. It often indicates an interaction to shrink a section.

Low interest rate A dash. It often indicates an interaction to shrink a section. $2 paper statement fee It indicates an expandable section or menu, or sometimes previous / next navigation options.

Over 2,100 branches and 3,000 ATMs in the Southeast To waive the $2 paper statement fee, sign up for paperless online statements Interest compounded daily, deposited monthly FDIC insured The accounts don't have any major differences, and neither pays an impressive interest rate. Your choice between the two will likely come down to which checking account you want to open.If you want a Truist One Checking Account, which comes with perks like extra rewards on Truist credit cards, you'll want to link it to Truist One Savings. For a Truist Confidence Account that has a lower monthly fee, you'll link it to a Truist Confidence Savings Account.The bottom line: Truist, which is known for strong personal loans and mortgages for first-time buyers, pays low interest rates on savings accounts.

You might like Truist if you're using its other products and want keep things simple — but if you're only looking for high savings rates, you'll probably want to look elsewhere.How Truist savings rates compareWe've compared Truist savings accounts to what you'll get with two other big banks in the Southeast: Wells Fargo and Chase. It indicates an expandable section or menu, or sometimes previous / next navigation options. It indicates an expandable section or menu, or sometimes previous / next navigation options.

Other Truist savings optionsThe Truist Bank One Money Market Account pays 0.01% APY. The main difference between the money market and savings options are that the money market account comes with paper checks and a debit card.A Truist Bank CD pays 0.01% to 3.00% APY, depending on the term.Truist savings rates FAQ Truist savings accounts are not good for earning high interest rates. They have other strong qualities, though.

For example, it's relatively easy to waive their monthly service fees, and you don't need much money to open an account. Laura Grace Tarpley, CEPF Personal Finance Reviews Editor Laura Grace Tarpley (she/her) is a personal finance reviews editor at Insider. She edits articles about mortgage rates, refinance rates, lenders, bank accounts, wealth building, and borrowing and savings tips for Personal Finance Insider.

She was a writer and editor for Insider's "The Road to Home" series, which won a Silver award from the National Associate of Real Estate Editors. She is also a Certified Educator in Personal Finance (CEPF). She has written about personal finance for over six years.

Before joining the Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You can reach Laura Grace at EMAIL. Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services » Read more Read less Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Read our editorial standards.Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.**Enrollment required. Truist Truist One Savings Truist Confidence Savings