Truist Savings Account Rates
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Truist savings account rates
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Truist savings rates
Truist Bank has two savings accounts: Truist One Savings and the Truist Confidence Savings Account.
Truist One Savings
Details
Pros & Cons
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Highlights
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Truist Confidence Savings Account
Details
Pros & Cons
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Highlights
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.The accounts don't have any major differences, and neither pays an impressive interest rate. Your choice between the two will likely come down to which checking account you want to open.
If you want a Truist One Checking Account, which comes with perks like extra rewards on Truist credit cards, you'll want to link it to Truist One Savings. For a Truist Confidence Account that has a lower monthly fee, you'll link it to a Truist Confidence Savings Account.
The bottom line: Truist, which is known for strong personal loans and mortgages for first-time buyers, pays low interest rates on savings accounts. You might like Truist if you're using its other products and want keep things simple — but if you're only looking for high savings rates, you'll probably want to look elsewhere.
How Truist savings rates compare
We've compared Truist savings accounts to what you'll get with two other big banks in the Southeast: Wells Fargo and Chase.
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Truist One Savings
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Wells Fargo Way2Save® Savings Account
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Chase Savings℠
Other Truist savings options
The Truist Bank One Money Market Account pays 0.01% APY. The main difference between the money market and savings options are that the money market account comes with paper checks and a debit card.
A Truist Bank CD pays 0.01% to 3.00% APY, depending on the term.
Truist savings rates FAQ
Truist savings accounts are not good for earning high interest rates. They have other strong qualities, though. For example, it's relatively easy to waive their monthly service fees, and you don't need much money to open an account.
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