bank rates

SunTrust: Big Bank With Decent CD Rates

Finally, a big bank with CD rates worthy of being called “special.”

Earn a top rate of 2.40%SunTrust, which has nearly 1,700 branches in seven southeastern states and Washington, D.C., has a “Two CDs Are Better Than One” CD package available to its checking account holders.

As the package title implies, you’re buying two certificates of deposit at once: a 39- and a 63-month CD, both at 2.40% APY.

A $2,000 minimum deposit is required, and your deposit amount is split 50/50 between the two CDs in the package.

The 39-month rate beats (yes, you read it right, beats) the top nationally available 36-month CD rate on our CD Rates Leaderboard, which is currently 2.17% APY.

The 63-month rate isn’t quite as good. It’s half of a percentage point less than that the 60-month leader, but it’s still pretty high for a big bank.

SunTrust’s rates are much better than the average rates large banks and thrifts offer for those terms, which are 1.04% APY for 36-month CDs and 1.71% APY for 60-month CDs.

A few of SunTrust’s other special CD rates, which also require a $2,000 minimum deposit, aren’t half bad either:

66-month CD rate is 2.70% APY

59-month CD rate is 2.25% APY.

37-month CD rate is 1.55% APY.

Be sure to compare SunTrust’s returns with the best CD rates from scores of other banks in our extensive database.

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Comments (1)
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  1. Kathy at Bankaholic said:
    on May 16th at 09:35 am

    These rates are still available as of May 16, 2011, except for the 37-month rate, which has dipped to 1.50% APY.