Truist's CD rates change daily and vary by deposit amount and term length
Truist Bank publishes its current CD rates on its website, but the exact rate you see depends on three things: how much you deposit, how long you lock the money away, and whether you open the account online or in a branch. Rates for a 3-month CD differ from rates for a 12-month or 5-year CD, and a $500 deposit may earn a different rate than a $50,000 deposit. The fastest way to see what Truist is offering right now is to visit truist.com, navigate to the Savings & CDs section, and select "CDs" — the rates display immediately without requiring you to log in.
Truist operates in 15 states across the Southeast and Mid-Atlantic, and rates can vary slightly by region and branch. If you have a Truist account already, you can also call your local branch or log into your online banking to see rates specific to your situation. Many people find that calling ahead saves time, because a banker can confirm whether a particular term and deposit amount is available before you visit in person.
Key Takeaways
- Truist CD rates appear on truist.com under the Savings & CDs section and update daily based on market conditions.
- The rate you receive depends on your deposit amount, the CD term (3 months to 5 years), and whether you open online or in branch.
- Rates may differ slightly by state and branch location, so calling ahead can confirm what you will actually receive.
- Online CDs at Truist often carry different rates than in-branch CDs, and online rates are usually posted more prominently on the website.
- You can compare Truist's rates to other banks' rates on financial comparison sites, though you will need to check each bank's website for the most current figures.
Where to check Truist CD rates online
Go to truist.com and look for the "Savings & CDs" or "Invest & Borrow" section in the main navigation. Click on "CDs" or "Certificate of Deposit." The page will show a table or calculator where you can enter your deposit amount and select the term length you want — typically 3 months, 6 months, 1 year, 2 years, 3 years, and 5 years. After you select those details, the current rate for that combination displays on the screen.
If you do not see a rate displayed, it may mean that term is not currently available for your deposit amount, or the website is experiencing a delay. Refresh the page or try a different term. If you still cannot find what you are looking for, call Truist customer service at the number on the back of your debit card, or visit a branch in person.
How Truist CD rates differ by deposit size and term
Truist, like most banks, uses a tiered rate structure. A CD with a $500 minimum deposit may earn 4.10% APY, while a CD with a $10,000 minimum might earn 4.25% APY. The longer you commit your money, the higher the rate usually is — a 3-month CD typically earns less than a 5-year CD. However, this relationship is not may provide; sometimes shorter terms pay more if the bank is trying to attract deposits quickly.
The rates Truist publishes on its website are the standard rates for new accounts. If you already have a Truist account or maintain a certain balance in checking, you may be offered a promotional rate that is higher than the posted rate. Ask your banker whether you may have access to for any promotions before you open the CD.
Differences between online and in-branch CD rates
Truist offers CDs both online and in physical branches. Online CDs sometimes carry higher rates because the bank has lower overhead costs for digital accounts. In-branch CDs may have lower rates but offer the advantage of speaking to a banker face-to-face and potentially accessing promotional offers not advertised online.
To see online rates specifically, look for a section labeled "Online CDs" or "Digital CDs" on truist.com. If you prefer to open your CD in person, visit a Truist branch and ask the banker what rates are available that day. Rates can shift between the time you check online and the time you visit the branch, so confirm the rate before you hand over your money.
What to do if you want to lock in a rate
CD rates are not locked until you actually open the account and deposit the money. If you see a rate you like on Truist's website, you can open the CD immediately online, or you can visit a branch and ask the banker to open it for you. Once the account is funded, that rate is may provide for the full term of the CD, even if rates drop later.
If rates are falling and you want to lock in the current rate before it drops further, open the CD as soon as you can. If rates are rising and you are still deciding, remember that you cannot predict how high they will go, and waiting always carries the risk that you will miss the rate you wanted. Many people split the difference by opening multiple CDs at different times, a strategy called "laddering," so they are not betting everything on timing the market perfectly.
How to compare Truist rates to other banks
Truist's rates are competitive but not always the highest available. To see how they stack up, visit financial comparison websites like Bankrate, DepositAccounts, or NerdWallet, where you can filter by CD term and see rates from dozens of banks side by side. Keep in mind that rates on these sites update periodically but may lag by a few hours, so always check the bank's own website for the most current figure before you decide.
When comparing, pay attention to the deposit minimum, the term length, and whether the bank charges a penalty for withdrawing early. A bank offering 4.50% APY but charging a $500 early withdrawal penalty may not be a better deal than Truist at 4.35% APY with a lower penalty. Read the fine print on each bank's CD terms before you move your money.
What happens when your Truist CD matures
When your CD reaches its maturity date, Truist will notify you by mail or email (depending on your account settings) a few days before the date. At that point, you have a choice: you can withdraw the money, or you can let it roll over into a new CD at whatever rate Truist is offering on that day. If you do nothing, most CDs automatically renew, so check your mail and make a decision before the maturity date arrives.
If you want to withdraw the money without opening a new CD, you can do so without penalty once the CD matures. If you withdraw before the maturity date, Truist charges an early withdrawal penalty, which varies by term length — typically ranging from a few months' worth of interest to a larger amount on longer-term CDs. Check your CD agreement or call Truist to confirm the exact penalty before you withdraw early.
Frequently Asked Questions
Do I need a Truist checking account to open a CD?
No. You can open a Truist CD without having any other Truist account. However, if you already have a Truist checking or savings account, you may be offered a higher promotional rate. Ask your banker whether you may have access to for any account-holder bonuses before you open the CD.
Can I add money to my CD after I open it?
No. CDs are fixed-term accounts, and you cannot add deposits once the account is open. If you want to deposit more money, you must open a separate CD. Some people open multiple CDs at different times to build a CD ladder.
What is the early withdrawal penalty at Truist?
The penalty depends on the CD term. Shorter-term CDs (3 to 6 months) typically charge a penalty equal to a few months of interest, while longer-term CDs (3 to 5 years) may charge a penalty equal to 6 to 12 months of interest. Check your specific CD agreement or call Truist to confirm the exact penalty before you open the account.
Are Truist CDs FDIC insured?
Yes. Truist Bank is FDIC insured, and CDs are covered up to $250,000 per depositor per bank. If you have multiple CDs at Truist, the total coverage across all of them is $250,000, not $250,000 per CD.
How often do Truist CD rates change?
Truist updates its CD rates daily in response to changes in the broader interest rate environment. Rates can move up or down by small amounts from day to day. If you are watching rates and waiting for the right moment to open a CD, check the website each morning to see the current rates.