How Much Can You Earn With Truist Savings Accounts?

You can open either account online in just a few minutes or visit a Truist branch if you prefer. Rates apply to all balances there are no tiers. You can link Truist Confidence Savings to a Confidence Checking Account for overdraft protection and there are no overdraft-related fees.Īs mentioned, Truist savings account rates are 0.01% for both accounts. You will, however, need a Truist Confidence Account-which comes with a waivable $5 monthly maintenance fee-to open this savings account. There’s no monthly maintenance fee for this account and paperless statements are free. The Truist Confidence Savings Account has a lower minimum opening deposit requirement of just $25. A $5 excess withdrawal fee applies to each transaction over the limit. You can make up to six withdrawals from a Truist One Savings Account per month. Interest is compounded and calculated daily, then credited to your savings account monthly. The fee is also waived for minors under 18, though they will need a parent to help them open an account. Schedule a recurring transfer of $25 or more from another Truist account per statement cycle.Maintain a minimum daily balance of $300.You can avoid the fee by meeting any of the following conditions: You’ll need $50 to open the account, and there’s a $5 monthly maintenance fee. The Truist One Savings Account is a basic savings account you can link to a Truist checking account to fund your goals. Truist savings accounts are similar to what you’ll find at other traditional banks or credit unions.

The best savings accounts come with rates that are over 300 times higher. Those rates are comparable to SunTrust savings account interest rates that were offered prior to the merger with BB&T, but they’re as low as it gets.

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