What are Truist Bank's current CD rates?

As of May 2026, Truist Bank's standard CD rates range from approximately 0.01% to 0.50% APY depending on term and branch market. Truist occasionally offers promotional or 'special' CD rates for limited terms at higher APYs — check Truist's website or visit a branch for current promotional offers. Standard rates at Truist are significantly below what top online banks pay.

What is the minimum deposit for a Truist CD?

Truist Bank requires a minimum deposit of $1,000 for most standard CD products. Minimum requirements may vary for promotional or specialty CDs — verify with a Truist branch or the website when applying.

Does Truist offer no-penalty CDs?

Truist does not prominently offer a standard no-penalty CD product comparable to Ally's 11-month No-Penalty CD. If penalty-free early access is important to you, Ally Bank or a high-yield savings account at an online bank are better options.

Why are Truist CD rates so much lower than online banks?

Truist, like most large traditional banks, relies on its extensive branch network and existing customer relationships for deposits — so it doesn't need to compete aggressively on CD rates to attract money. Online banks like Ally and Marcus have lower overhead (no branches) and pass that savings to customers through higher deposit rates. This is the core structural reason for the rate gap.

When does a Truist CD make sense?

A Truist CD makes sense primarily in two situations: when Truist has a promotional rate that's genuinely competitive with online banks, or when you prioritize in-person banking convenience and already have accounts at Truist. For pure rate-focused savers, online banks consistently offer better returns.

Truist CD Rates 2026 — What They Pay and Better Alternatives

Truist Bank’s standard CD rates sit in the 0.01%–0.50% APY range in May 2026 — well below what top online banks offer consistently. Truist occasionally publishes promotional CD rates that can be more competitive, but these are limited-time, limited-availability offers. For most rate-focused savers, Truist’s CDs require careful evaluation before committing funds.

Rates shown are as of May 2026 and change frequently. Verify current rates directly with Truist before opening an account.

Truist Standard CD Rates (May 2026)

Term	Standard Rate (Approximate APY)
7 days	0.01%
1 month	0.01%
3 months	0.01%–0.05%
6 months	0.05%–0.25%
12 months	0.05%–0.50%
18 months	0.05%–0.50%
2 years	0.05%–0.50%
5 years	0.05%–0.50%

Rates vary by Truist market and branch. Rates at the higher end of these ranges typically require larger deposits or a Truist relationship package.

Truist Promotional CDs

Truist periodically offers promotional CDs at rates significantly above the standard schedule. When available, these are typically:

Non-standard terms (7, 11, 13 months)
Require new money from outside Truist
Have a minimum deposit of $1,000–$5,000
Auto-renew at the standard rate at maturity

Check Truist’s website or visit a branch to ask about any current “Special CD” or promotional offers. These are not always active.

What $10,000 Earns — Truist vs. Online Banks

	Truist Standard	Truist Promotional (when available)	Online Bank
APY	~0.25%	~4.00–4.50%	~4.65%
Interest on $10,000 / 12 months	$25	$400–$450	$465

On a $50,000 deposit, the gap between a standard Truist CD (0.25%) and a top online bank CD (4.65%) is roughly $2,200 per year in lost interest.

Why Truist’s Standard Rates Are Low

Truist was formed from the 2019 merger of BB&T and SunTrust and operates one of the largest branch networks in the US Southeast. Large traditional banks maintain extensive branch infrastructure, which means their funding costs are spread across a broader base — and they don’t need to offer top-market rates to attract deposits. This is structurally why banks like Truist, Chase, and Wells Fargo pay far less on savings products than online-only banks.

This isn’t a flaw unique to Truist — it’s how large retail banks operate. But it does mean that using Truist for CDs as a rate play requires catching a promotional offer at the right time.

Better Options Than Truist Standard CDs

If no Truist promotional CD is currently available:

Bank	12-month APY	Min. Deposit
Ally Bank	~4.65%	$0
Marcus by Goldman Sachs	~4.60%	$500
Discover Bank	~4.70%	$2,500

All FDIC-insured. All available online with no branch visit required.

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy