Would you like to read a comprehensive review of the Truist Bank certificate of deposit? Responsible Economy has conducted a thorough analysis of all its features, including the interest rate, terms, fees, and everything you need to know. You will also find a comparison of the best certificates of deposit in the United States for 2023, as well as an explanatory video. Welcome!
Explicative video
We have created a video that provides a concise overview of the key features of the Truist Bank certificate of deposit. If you find our content valuable, we encourage you to subscribe to our channel to show your support and receive daily videos.
Features
In this section, we will provide a comprehensive breakdown of each characteristic:
Interest rate
The interest rate offered by Truist Bank’s certificate of deposit varies depending on the chosen term. Here is a table showcasing the different terms and corresponding interest rates:
Terms | Yields |
---|---|
7 months | 4.25% APY |
12 months | 3.50% APY |

Truist Bank’s Certificate of Deposit interest rates may not be as competitive compared to other banks offering higher rates, some up to 5.25% APY. With interest rates in the United States currently being high, it presents a favorable opportunity to explore other options that offer more attractive returns on your investment.
Fees
It’s important to consider the presence of annual or monthly maintenance fees when evaluating certificate of deposit options. In the case of Truist Bank’s CD, it is advantageous as it does not impose any maintenance fees, making it a cost-effective choice. Additionally, the CD is free to open, further enhancing its appeal to potential investors.
Minimum deposit
To open the Truist Bank certificate of deposit, a minimum deposit of $1000 is required. This minimum deposit amount serves as a threshold for opening the CD and starting your investment journey with Truist Bank.
Best certificate of deposit in 2023
Here is a ranking of the best certificates of deposit available for opening in the United States in 2023:

- 5.25% APY
- Minimum deposit: $0
- Term: 18 months
- Member FDIC

- 5.10% APY
- Minimum deposit: $500
- Term: 12 months
- Member FDIC

- 5.00% APY
- Minimum deposit: $1,000
- Term: 6 months
- Member FDIC

- 5.40% APY
- Minimum deposit: $0
- Term: 16 months
- Member FDIC

- 5.18% APY
- Minimum deposit: $1,000
- Term: 12 months
- Member FDIC

- 5.15% APY
- Minimum deposit: $1,000
- Term: 12 months
- Member FDIC

- 5.15% APY
- Minimum deposit: $0
- Term: 12 months
- Member FDIC

- 5.25% APY
- Minimum deposit: $1,000
- Term: 13 months
- Member FDIC
Certificates of deposit calculator
We have developed a deposit calculator so that you can easily see how much money you can earn:
Truist Bank certificate of deposit calculator
Pros and cons
After reviewing all the features of the Truist Bank certificate of deposit and comparing it with the best CDs available in the United States, we have created a table outlining the advantages and disadvantages:
Pros | Cons |
---|---|
No fees | There are CDs with higher interest rates |
Minimum deposit $1000 | |
Requirements
To open a Truist Bank certificate of deposit, you need to meet the following requirements:
- Reside in the United States.
- Be at least 18 years old.
- Have a valid Social Security number.
- Possess an American bank account number.
Frequent questions
Here are some commonly asked questions about the Truist Bank certificate of deposit:
More information about Truist Bank
Here is a table with information of interest about Truist Bank:
Information | Description |
---|---|
Website | https://www.truist.com/ |
https://twitter.com/TruistNews | |
https://www.facebook.com/truist | |
YouTube | https://www.youtube.com/channel/UC10Dmvy2Ih93O8hCg_UYN6w |
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Updated the day 1 September, 2023 by Alfredo Barandiarán

Alfredo Barandiarán is not only passionate about finance and the economy, but also has more than 10 years of experience helping people find the best possible financial product. He has worked for 5 years at Iahorro and 2 years at Atrapacrédito. He has currently been running the financial comparator Responsible Economy for 3 years. I graduated in business from Complutense University of Madrid and has studied at ESIC and CEF. You can see all the professional experience of Alfredo Barandiarán on his LinkedIn profile