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 offered in 11 states (and Washington, DC).

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 SunTrust Bank Money Market Account rates?

SunTrust Bank 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.

What are the SunTrust Bank Money Market Account fees?

Federal regulations limit the number of transactions you can make from your money market account to six per month.

What is the minimum balance for SunTrust Bank Money Market Account?

No minimum initial deposit. SunTrust Bank does not require a minimum initial deposit to open an account.

Monthly maintenance minimum balance of $5,000. You can avoid the monthly fee if you keep a minimum balance $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 Bank Money Market Account offer?

This account does not seem to offer any of the features and perks we track.

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.