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SunTrust Bank Review 2021

Updated November 10, 2022
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At a glance

3.4
Rating: 3.4 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 2.8 stars out of 5

Checking

Rating: 3.9 stars out of 5

Savings

Rating: 2.8 stars out of 5

MMA

Rating: 2.4 stars out of 5

About Bankrate Score

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Overview

SunTrust is a great option for people who live in the Southeast and prefer in-person banking with a full-service financial institution.

Highlights

  • Low Min Deposit
Compare offers
Bank logo
Member FDIC
Savings Account
3.25
%
APY
Rating: 3.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.25
%
APY
Rating: 3.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 3.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

SunTrust is a bank that focuses on individuals who live in the southeastern United States. The bank merged with BB&T to become Truist; however, the brands offer separate products for now.

Pros

  • Checkmark

    Minimum deposit requirements are relatively low or nonexistent.

  • Checkmark

    SunTrust offers two checking accounts with different features.

  • Checkmark

    Customers can make free peer-to-peer payments through Zelle.

Cons

  • You can find much higher APYs elsewhere.

  • Some requirements to waive monthly fees are steep.

SunTrust Bank bank products

2.8
Rating: 2.8 stars out of 5
Bankrate Score

SunTrust Bank savings overview

SunTrust offers its Essential Savings account. It doesn’t have a minimum deposit requirement to open, and only one penny is needed to keep the account from closing, making it very accessible to a range of savers.

Additionally, the account doesn’t charge a monthly maintenance fee. There is a $3 charge for paper statements, but that can be avoided if you enroll in e-statements. The account pays very little interest.

Pros

  • Checkmark

    The account doesn’t have a minimum deposit requirement to open.

  • Checkmark

    There’s no monthly maintenance fee.

Cons

  • You can find much higher yields if you shop around.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.25
%
APY
Rating: 3.4 stars out of 5
InfoHover for more
$0
Min balance for APY

Bank experience

For people who live in the Southeast, you will have little trouble finding a branch to visit or an ATM. Plus, SunTrust supports relatively well-rated mobile apps that you can use to manage your account from anywhere.

About SunTrust Bank

SunTrust is an institution that focuses on consumers who live in the Southeast. It operates more than a thousand branches.

While SunTrust has merged with BB&T to become Truist, the two banks continue to offer their own products for now. Under the SunTrust brand, customers can open money market accounts, CDs, savings accounts and checking accounts. SunTrust also offers loans, credit cards, mortgages, investment services and more.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.