Truist Bank Truist One Savings Accounts

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.01%.
• Waivable monthly maintenance fee. Maintain a minimum daily ledger balance1 of $300 or schedule a recurring preauthorized internal transfer of $25 or more per statement cycle into the Truist One Savings Account or waived for a minor under the age of 182 or waived with ANY related3 Truist checking product.

Truist Bank Truist Savings Accounts Pros & Cons

Truist Bank Truist Savings Accounts FAQ

Are savings accounts from Truist Financial Corporation federally insured?

Does Truist Financial Corporation offer a signup bonus?

What is the minimum initial deposit for Truist Bank Truist Savings Accounts?

The minimum deposit to open a Truist Bank Truist Savings Accounts is $50.

What APY does Truist Bank Truist One Savings Accounts offer?

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Truist Bank Truist Savings Accounts charge?

• Truist Bank Truist Savings Accounts charges $3 every time you request a paper statement.

Can you set up a direct deposit to Truist Bank Truist Savings Accounts?

What is the customer support email for Truist Bank Truist Savings Accounts?