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  SunTrust Bank Money Market Account
SunTrust Bank Money Market Account
in Money Market Accounts from SunTrust Bank · Member FDIC
Unaffiliated

SunTrust Bank Money Market Account

Unaffiliated
in Money Market Accounts from SunTrust Bank · Member FDIC
Net Recommendation Score 0  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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APY (Annual Percentage Yield) 0.01% - 1.01%
(Verified 08/04/2023)
Minimum Balance to Earn APY $1
Minimum Opening Deposit Starting at $100

SunTrust Bank Money Market Account Review

SunTrust Bank Money Market Account is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. SunTrust money market account are available in 11 states (and Washington, DC).

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.01%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $1.
  • Charges a monthly fee. This account charges a monthly service fee of up to $17, but the fee is waived if you keep a minimum balance of $5,000.
  • Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of SunTrust Bank Money Market Account

Pros Cons
  • High-interest yield.
  • Does not offer mobile check deposits.
  • Free debit card
  • No signup bonus.
  • Only available in 11 states.
  • Monthly service charge.

SunTrust Bank Money Market Account FAQ

Are money market accounts from SunTrust Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for SunTrust money market account rates?

SunTrust money market account offers an APY starting at 0.01% and ranging up to 1.01% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1.

SunTrust money market account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.01% - 1.01%

What are the fees for SunTrust Bank Money Market Account?

This account charges a monthly maintenance fee of up to $17. You can avoid this fee by maintaining a balance of $5,000.

SunTrust Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

SunTrust Bank Money Market Account Fees
Fees Amount
Monthly Fee up to $17
Paper Statement Fee $0
Excess Transaction Fee $15

What is the minimum balance for SunTrust money market account?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $5,000.

Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.

What features and perks does SunTrust money market account offer?

This account includes the following features:

  • Fraud monitoring - SunTrust Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - SunTrust money market account allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this account is (800) 786-8787.

What is the support contact email?

The support contact email for this business credit card is hugh.suhr@suntrust.com.

How to open an account with SunTrust Bank

  • Visit the SunTrust Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From SunTrust money market account

What gets you out of bed in the morning? Your answer is a reflection of who you are, what you value, where you want to go in life — and playing a role in helping you take on that challenge and achieve your aspirations is what we love most about our purpose as SunTrust teammates. We’ve helped musicians in Nashville hit the right notes in getting their careers started, family businesses grow and go multinational, and newlyweds start their life together by financing their first home. Our purpose, Lighting the Way to Financial Well-Being, takes many forms, but put simply: whatever drives your purpose at whatever stage of life—we’re here to help you live it, every day.

Benefits that grow with your financial confidence. Earn higher rates and rewards when you build your balances with us. Take your savings to the next level with an Advantage Money Market Savings account. From building emergency savings to long-term planning, you’ll be able to confidently achieve your financial goals.

Availability

  Available in 11 states and Washington, D.C.
  • Alabama
  • Arkansas
  • Florida
  • Georgia
  • Maryland
  • Mississippi
  • North Carolina
  • South Carolina
  • Tennessee
  • Virginia
  • Washington, DC
  • West Virginia

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $5,000
Minimum Balance to Earn APY $1
Minimum Opening Deposit Starting at $100
Monthly Fee $0 - $17
(Verified 08/04/2023)
Paper Statement Fee $0
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Member FDIC
APY (Annual Percentage Yield) 0.01% - 1.01%
(Verified 08/04/2023)
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

SunTrust Bank Money Market Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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