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Truist savings rates
Truist Bank has two savings accounts: Truist One Savings and the Truist Confidence Savings Account.
The accounts don’t have any major differences, and neither pays an impressive interest rate. Your choice between the two will likely come down to which checking account you want to open.
If you want a Truist One Checking Account, which comes with perks like extra rewards on Truist credit cards, you’ll want to link it to Truist One Savings. For a Truist Confidence Account that has a lower monthly fee, you’ll link it to a Truist Confidence Savings Account.
The bottom line: Truist, which is known for strong personal loans and mortgages for first-time buyers, pays low interest rates on savings accounts. You might like Truist if you’re using its other products and want keep things simple — but if you’re only looking for high savings rates, you’ll probably want to look elsewhere.
How Truist savings rates compare
We’ve compared Truist savings accounts to what you’ll get with two other big banks in the Southeast: Wells Fargo and Chase.
Other Truist savings options
The Truist Bank One Money Market Account pays Truist Bank One Money Market Account APY. The main difference between the money market and savings options are that the money market account comes with paper checks and a debit card.
A Truist Bank Certificate of Deposit pays Truist Bank Certificate of Deposit APY, depending on the term.
Truist savings rates FAQ
What is the interest rate on a Truist savings account?
Truist One Savings pays Truist One Savings APY, and the Truist Confidence Savings Account pays Truist Confidence Savings Account APY.
Are Truist savings accounts good?
Truist savings accounts are not good for earning high interest rates. They have other strong qualities, though. For example, it’s relatively easy to waive their monthly service fees, and you don’t need much money to open an account.