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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

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Highlights
Community Rating	Rating not yet determined
APY (Annual Percentage Yield)	0.01% - 1.01%
APY Minimum Balance	$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 Bank Money Market Account is available in 11 states (and Washington, DC).

Key Takeaways

Very high 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 charge on incoming domestic or international wire transfers.	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 SunTrust Bank money market accounts 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.

How do people rate the customer service and user experience?

Overall, this business credit card is mostly recommended based on community reviews that rate customer service and user experience.

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 Bank

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.