Last Updated: 04/18/2025
SunTrust Bank Money Market Account
Unaffiliated
in Money Market Accounts from SunTrust Bank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.01% - 1.01%(Verified 06/21/2024)
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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 fee of up to $17, but the fee may be 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
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SunTrust Bank Money Market Account FAQ
Are money market accounts from SunTrust Bank federally insured?
Yes, your deposits are insured 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.
| 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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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Message from SunTrust money market account
Hours of Operation
Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
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Saturday
All Day