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Truist CD Rates: July 2026

Truist Bank offers a simple CD account with several potential interest rate tiers

By

Jessica Ullrich

Updated June 29, 2026

Fact checked by

Hans Daniel Jasperson

Businesswoman meeting with financial advisor in office conference room — Thomas Barwick / Getty Images

Truist Bank, which offers up to 3.50% on a 12-month certificate of deposit (CD) as of June 2026, has a large presence in the United States, though it's not in every state.

Created in 2019 after SunTrust and BB&T merged, Truist Bank is among the 10 largest banks in the country. Truist offers several deposit and savings accounts plus other financial products and services for its banking customers.

A simple certificate of deposit (CD) account is among its offerings. Although Truist may provide different CD rates to residents of different states, rates for each state and territory were the same as of publication. Here’s what to know about the Truist CD, its terms, features, and more.

Truist Bank CD Overview

Truist Bank CD Rates
CD Term	APY	Minimum Deposit
7 days to 60 months	up to 3.50%	at least $1,000

Truist Bank CD Rates: Key Features

Truist Bank CD Key Features
APY Range	Up to 3.50%
Minimum Balance	$2,500 for terms from 7 to 31 days; $1,000 for terms from 32 days to 60 months
Term Range	7 days to 60 months
Early Withdrawal Penalty	Yes, but details not disclosed
Grace Period for Penalty-Free Withdrawals	1 day for terms of 7 to 31 days; 10 days for terms of 32 days to 60 months

Pros and Cons of Truist Bank CDs

Pros

Above-average rates
No monthly maintenance fees

Cons

Not available in every state
Other CD rates may be more competitive

Pros Explained

Above-average rates: Truist Bank's CDs tend to have better rates than average, although they aren't usually the best CD rates available.
No monthly maintenance fees: Truist Bank does not charge monthly maintenance fees on its CD accounts.

Cons Explained

Not available in every state: Truist Bank services, including its CD offerings, are only available in 15 states and Washington D.C. If you live in another state, you will have to shop for CDs at another bank.
Other CD rates may be more competitive: While Truist Bank's shorter-term CDs offer fairly competitive rates, you can find better interest rates by shopping around.

About Truist Bank: Other Options

Truist CDs are currently only available in 15 U.S. states and Washington, D.C. These accounts are available to residents of Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and West Virginia.

In addition to CDs, Truist offers checking accounts, savings accounts, and money market accounts. Through Truist, you can get a debit card, Visa gift card, or open a health savings account (HSA).

Alternatives to Truist Bank CDs

Other high-interest CDs: Although Truist Bank pays fairly high rates on some short CD terms, other term lengths are not as competitive. Check the best CD rates currently available before making a deposit.
High-yield savings account: If you want to protect your funds while also earning interest, you can also consider a high-yield savings account. Some high-yield accounts offer APYs of 4% or more, which is comparable to Truist Bank's best CD rates.
Checking account: A checking account is another option for storing your cash, especially if you don’t want to be subject to withdrawal limits. Some high-interest checking accounts can provide more returns on your cash than traditional checking accounts.
Money market account: Money market accounts are similar to savings accounts, though they may also come with check-writing abilities and a debit card. You can often earn a good rate on your savings, but you might have to deal with monthly fees or minimum balance requirements.
I bonds: I bonds from the U.S. government are an investment option for protecting your savings from inflation. I bonds may or may not offer a higher rate than the best CDs. When you invest, you have to commit to leaving your money in the I bond for at least a year.

Frequently Asked Questions (FAQs)

How Do You Get a Truist CD?

If you live in a state where a Truist CD is available, you can visit a local branch to open a new CD account. Unfortunately, you cannot open a Truist CD account online.

Are Truist CDs Worth Investing In?

Depending on your situation and the bank's current rates, a Truist Bank CD may be worth investing in. Truist’s CD accounts are currently only available in 15 states and Washington D.C. If Truist’s CD is available in your state, you could benefit from a generous APY and flexible terms. The rates you can get with a Truist CD can be significantly higher than the average traditional savings account rates.

Are Truist CDs FDIC-Insured?

Yes, Truist Bank CDs are FDIC-insured. FDIC insurance provides banking customers with up to $250,000 worth of coverage per eligible bank and ownership category in case a lending institution has financial difficulties or defaults.

How Do You Get the Best Truist CD Rate?

Truist CD rates may vary by state, but in general, its 3-month CDs offer the highest rates for both small and large balances.

Your Guide to CDs

Article Sources

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Truist. "Truist Certificate of Deposit."
Truist. "BB&T and SunTrust Complete Merger of Equals to Become Truist."
Truist. "CD Disclosure Information."

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