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  SunTrust Bank Essential Savings Account

SunTrust Bank Essential Savings Account

in Savings Accounts from SunTrust Bank · Member fdic

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SunTrust Bank Essential Savings Account

Unaffiliated

in Savings Accounts from SunTrust Bank · Member FDIC

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Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 0.01%
APY Minimum Balance $0.01

SunTrust Bank Essential Savings Account Review

SunTrust Bank Essential Savings Account is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. SunTrust Bank Essential Savings Account is available in 11 states (and Washington, DC).

SunTrust Bank Essential Savings Account FAQ

Are savings accounts from SunTrust Bank federally insured?

Yes, your SunTrust Bank savings 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.

Does SunTrust Bank offer a signup bonus?

SunTrust Bank Essential Savings Account doesn't offer a signup bonus.

What is the minimum balance for SunTrust Bank Essential Savings Account?

The minimum balance to open a SunTrust Bank Essential Savings Account is $0.
SunTrust Bank Essential Savings Account Minimums
Description
APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $0

What APY does SunTrust Bank offer?

SunTrust Bank Essential Savings Account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What features and perks does SunTrust Bank Essential Savings Account offer?

This account includes the following features.

SunTrust Bank Essential Savings Account Features
Description
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • No Monthly Maintenance Fee

What fees does SunTrust Bank Essential Savings Account charge?

SunTrust Bank Essential Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Outoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • SunTrust Bank Essential Savings Account charges a $25 fee for an early account closure. Contact SunTrust Bank Essential Savings Account for more details on what is considered an early closure.
  • SunTrust Bank Essential Savings Account charges $3 every time you request a paper statement.
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Availability

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

Feature Breakdown

APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $0
Monthly Fee $0
Early Account Closure $25
International ATM Surcharge $5
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $36
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $50
Bauer Financial A+/A Rating
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.01%

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