Truist’s CD page lists a standard CD rate of 0.05% APY and a 3.25% APY promotional rate on a 12-month CD for balances of $100,000 and above. Truist marks both as accurate as of July 28, 2026 and subject to change without notice, so confirm the rate for your term and balance before you open a CD.
What Truist’s CD page says
| Detail | Truist |
|---|---|
| Terms | 7 days to 60 months |
| Minimum opening deposit | $1,000 for terms of 32 days to 60 months; $2,500 for terms of 7 to 31 days |
| Standard CD rate | 0.05% APY (as of 7/28/2026) |
| Promotional rate | 3.25% APY on a 12-month CD, balances of $100,000 and above (as of 7/28/2026) |
| Renewal | Same term at the current standard CD rate |
| Early withdrawal | Penalty may apply; may also reduce the APY and interest rate |
Truist says to contact your local branch for other terms and offers.
Early withdrawal penalties
Truist’s Bank Services Agreement sets these penalties, except as otherwise disclosed for your CD:
| CD term | Penalty |
|---|---|
| Under 3 months | All interest that would have been earned |
| 3 to 12 months | 3 months of simple interest on the amount withdrawn |
| 13 to 23 months | 6 months of simple interest on the amount withdrawn |
| 24 months or more | 12 months of simple interest on the amount withdrawn |
The agreement lists exceptions, including a request after the depositor’s death or a judicial declaration of incompetency and certain medical emergencies.
What $10,000 earns at Truist’s standard rate
At 0.05% APY, $10,000 held for 12 months earns about $5 in interest. At the 3.25% promotional rate, which Truist lists only for balances of $100,000 and above, $100,000 held for 12 months earns about $3,250. These are simple APY arithmetic, not a Truist quote.
Better options than a standard Truist CD
If you are not eligible for Truist’s promotional rate, compare online banks. The FDIC’s national average 12-month CD rate was 1.76% in its update dated October 19, 2026.
| Bank | 12-month APY | Min. Deposit | Rate as of |
|---|---|---|---|
| Marcus by Goldman Sachs | 4.40% | $500 | October 15, 2026 |
| Popular Direct | 4.50% | $10,000 | October 5, 2026 |
All FDIC-insured. All available online with no branch visit required.
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