Truist Bank offers some of the best CD rates around. A five-year CD, for example, currently yields 1.80% APY, and a seven-year CD yields 2.05% APY. When compared to other big banks, such as Bank of America and Wells Fargo, these rates are noticeably better. That said, if customers want even higher rates, they can look to online banks, which often offer more competitive rates. But Truist Bank’s CD rates are still attractive for those who want a more traditional banking experience.
Additionally, Truist Bank has a no-penalty CD option, which allows customers to make a penalty-free early withdrawal at any time after the first six days. This flexibility is a nice way to give customers more control over their savings without sacrificing too much on the rate side.
In addition to the competitive CD rates, Truist Bank also provides customers other valuable benefits, such as mobile banking, online banking, and 24/7 customer support. These features are convenient for customers and give them peace of mind when managing their money.
Overall, Truist Bank’s competitive CD rates, coupled with other notable benefits, are great options for savers who are looking for ways to grow their funds. It's worth considering when you’re researching CD options.
Article Created by A.I.