Truist Savings Account Interest Rates For 2025
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Truist offers two savings accounts: Truist One Savings and Truist Confidence Savings. Similar to accounts from other large national banks, rates are low—with both accounts earning an annual percentage yield (APY) of just 0.01%.
Here’s everything you need to know about Truist’s two savings accounts and how they compare to competitors.
Details and rates may differ based on location. For this article, we used the New York City ZIP code of 10001.
Overview of Truist Savings Accounts
Here’s a closer look at the two Truist savings accounts. Both accounts allow up to six fee-free withdrawals per statement cycle.
Truist One Savings
The Truist One Savings account is Truist’s basic savings option, requiring a minimum deposit of $50. The account has a $5 monthly fee, which can be waived by meeting one of the following requirements:
- Maintain a minimum daily ledger balance of $300
- Schedule a recurring preauthorized internal transfer of $25 or more into the account, per statement cycle
- Be a primary account owner under the age of 18
- Have a related Truist checking account (Truist Confidence is not an eligible account)
The account offers a rate of 0.01% APY. While significantly lower than what is provided by the best high-yield savings accounts, it’s not an uncommon rate among traditional banks.
Truist Confidence Savings
Truist’s “Confidence” accounts are designed to help customers build a strong financial foundation. The Truist Confidence Savings account requires a minimum deposit of $25 to open and does not charge a monthly maintenance fee. The account earns a low rate of 0.01% APY.
To open a Truist Confidence Savings account, you’ll first need to open a Truist Confidence checking account, which also has a minimum opening deposit requirement of $25 and carries a $5 waivable monthly fee.
How the Truist Savings Accounts Stack Up
Both of Truist’s savings accounts earn a low interest rate of just 0.01% APY. This is even lower than the national average savings rate of 0.39% APY.
If you’re looking for an account with a high APY, it’s worth considering opening a savings account with an online-only bank. Because online banks incur lower overhead costs, they typically offer higher interest rates than traditional banks. You will have to sacrifice the convenience of in-person banking, however, to take advantage of these generous rates.
The Truist One Savings account charges a $5 monthly fee and requires a minimum deposit of $50. The Confidence Savings account does not charge a monthly fee but does require a minimum deposit of $25. The best savings accounts usually don’t require a minimum deposit and have no monthly service fee.
Other Truist Savings Options
In addition to its two savings accounts, Truist also offers a money market account and certificates of deposit with terms ranging from seven days to five years.
Truist One Money Market Account
The Truist One Money Market Account requires a minimum opening deposit of $50 and charges a $12 monthly maintenance fee, which can be waived by maintaining a minimum daily balance of $15,000. The account also earns an APY of 0.01% (3.65% for eligible new accounts, fees apply). However, based on your location, you may receive an offer to earn a much more competitive rate.
Truist Certificates of Deposit
Truist CD terms range from seven days to five years. The standard rate across all terms is 0.05% APY. However, the six-month and one-year terms are currently offering promotional rates of 0.05% APY and 0.05% APY, respectively. Minimum opening deposits are as follows:
- 7 to 31-day terms: $2,500
- 32 days to 5-year terms: $1,000
If you withdraw funds from your CD before it matures, you’ll owe an early withdrawal penalty.
Truist CDs automatically renew upon maturity. After your CD matures, however, you’ll have a grace period during which you are allowed to change your CD term, deposit funds or withdraw your cash.
- Terms less than 32 days: 1-day grace period
- Terms 32 days or more: 10-day grace period
How Much Can You Earn With Truist Savings Accounts?
Because most of Truist’s savings accounts offer an extremely low APY, you won’t earn much interest. You can use our savings calculator to determine how much you’d earn based on your initial deposit, APY, contribution frequency and time frame.
The only savings accounts from Truist that currently offer competitive rates are the six-month and one-year CDs, with promotional rates of 0.05% APY and 0.05% APY, respectively. To find out how much you could earn, use our CD calculator.
Find The Best High-Yield Savings Accounts Of 2025
Frequently Asked Questions (FAQs)
What is the interest rate on a Truist savings account?
The Truist One Savings account and the Confidence Savings account both earn 0.01% APY.
What is the minimum balance required for a Truist savings account?
The Truist One Savings account and the Truist One Money Market Account require minimum deposits of $50, while the Truist Confidence Savings account requires a minimum deposit of $25. Truist CDs require minimum deposits of $1,000 or $2,500, depending on the term.
How many times can you withdraw from savings with Truist?
Truist allows up to six free withdrawals each statement cycle. A $5 fee per withdrawal over six applies, with a maximum of six withdrawal limit fees per statement cycle.
Is Truist a good bank?
Truist is a suitable bank for individuals who are willing to forgo high yields for the convenience of in-person banking. Savings accounts are secure: Deposits are FDIC-insured up to $250,000 per depositor per account ownership category.