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  SunTrust Bank Essential Savings Account

SunTrust Bank Essential Savings Account

in Savings Accounts from SunTrust Bank

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SunTrust Bank Essential Savings Account

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Highlights
Highlights
APY 0.01%
APY Minimum Balance N/A
Monthly Fee N/A

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 offered in 11 states (and Washington, DC).

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.

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
  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - SunTrust Bank Essential Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.

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

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  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

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 0.01%

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SunTrust Bank Savings Accounts

Product

Reviews

APY

APY Minimum Balance

Monthly Fee

SunTrust Bank Select Savings Account
APY 0.01% APY
APY Minimum Balance N/A APY Minimum Balance
Monthly Fee $0 - $7     $0 $25