SunTrust CD Rates
SunTrust CD rates are unusually high for a large bank like Suntrust Bank. In fact, I am quite impressed with Suntrust’s 25 month CD and 59 month CD. This article will review these CD rates at Suntrust.
Suntrust Bank is one of biggest banks in the United States and these large banks don’t typically offer the best cd rates. However, Suntrust online banking is offering two certificates of deposits that are worth checking out.
Suntrust CD Rates
The CD rates on the Suntrust 25 month CD are currently 2.25% APY. For a two year CD, 2.25% annual percentage yield is not too shabby.
The second Suntrust certificate of deposit that interests me is the 59 month CD. Suntrust is offering 3.25% APY on this Suntrust certificate of deposit. If you are looking for a long term CD, a 3.25% CD is pretty good today.
Suntrust Bank Minimum Deposit Requirement
In order to purchase one of these Suntrust certificates of deposits, Suntrust Bank requires a $2,000 minimum deposit. I like to see lower minimum deposit requirements, but $2,000 is not too bad.
CD Rates at Suntrust Bank
One unique certificate of deposit feautre that Suntrust Bank offers is the ability “bump up” Suntrust CD rates. This bump up ability allows CD account holders to extend the length of the certificate of deposit. This allows you to lock in good CD rates for a longer period if CD rates drop.
Suntrust Bank CD rates are some of the best CD rates offered by large U.S. banks. I encourage you to check them out.
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One Comment on SunTrust CD Rates
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Suntrust Bank Online | Online Banks on
Wed, 9th Sep 2009 8:52 am
[...] here at Online Banks Blog have looked at SunTrust CD rates, but haven’t reviewed how their online banking offers work, so we thought we’d look at [...]
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