Truist CD Rates: What You Need To Know Before You Open One
Written by
Dawn Allcot
Edited by
Elizabeth Constantineau, CFHC™
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Truist Bank offers many banking products, including checking accounts, savings accounts, money market accounts and certificates of deposit (CDs). If you are looking for a bank with personalized service at local branches and a range of products, Truist could be the choice for you.
Current Truist CD Rates: February 2026
Truist typically offers multiple CD terms, sometimes including promotional “special” CDs with higher annual percentage yields (APYs). Truist Bank publishes rates for CDs with terms ranging from seven days to 60 months.
| Term | APY | Minimum Opening Deposit |
|---|---|---|
| 5 month special | -$1,000 | |
| 7 days to 60 months | -$1,000 for terms of 32 days to 60 months -$2,500 for terms of 7 to 31 days |
Types of CDs Offered by Truist Bank
Truist Bank offers several CD options to fit different savings needs:
- Fixed-rate CDs: Offer a guaranteed interest rate with terms ranging from 7 days to 60 months.
- Special rate CDs: Feature limited-time rates on specific term lengths.
Pros and Cons of Truist CDs
| Pros | Cons |
|---|---|
| $0 monthly maintenance fees | Not a wide variety of term and APY options |
| Additional perks when combined with Truist One Checking | Early withdrawal penalties if you withdraw before the CD matures |
| Automatic renewals available | $1,000 minimum deposit could be high if you’re new to saving |
How Much Can You Earn With a Truist CD?
How much you could stand to earn depends on factors, like:
- The amount of your deposit
- Your CD’s term length
- The APY on the term
Here’s what that might look like with Truist CDs:
| Deposit Amount | Term Length | APY | Estimated Interest Earned |
|---|---|---|---|
| $1,000 | 5 months | $12.39 | |
| $1,000 | 36 months | $1.50 | |
| $1,000 | 60 days | $0.08 |
You can also use GOBankingRates’ Savings Calculator to see how much your savings can grow over different lengths of time.
How To Open a Truist Bank CD
Opening a CD with Truist Bank is simple and can be done in a few ways:
- Online: Visit the Truist website to open a CD quickly and easily.
- In-person: Stop by a local branch for personalized assistance.
- Over the phone: Call Truist customer service to get help setting up your CD.
Eligibility Requirements
Be prepared with identification, personal details and the minimum deposit amount for the CD you choose.
Pro Tips
- Review the terms carefully to pick the right CD for your savings goals.
- Consider a no-penalty CD if you might need access to your funds before the term ends.
- Double-check rates for any special offers to maximize your returns.
Truist CD Rates vs. Other Banks
It might be helpful to see at a glance how Truist CDs compare to similar banks. Here’s a look:
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
No monthly service fee
Early withdrawal fees apply
APY
APY
APY
Up to
Up to
to
Min Opening
Min Opening
Min Opening
$1,000
$500
$1,000
Truist CD Rates vs. Alternatives
When deciding on a Truist CD, it’s helpful to compare it with other savings options:
- High-yield savings accounts: These accounts offer flexibility and easy access to funds while earning interest.
- Treasury bills: Government-backed investments with short-term options, suitable for those seeking stability.
- Money market accounts: Combine competitive rates with liquidity, often including features like check-writing.
- CD laddering: Using CDs with varying terms can balance consistent returns with periodic access to funds.
Is a Truist CD Right for You?
Ideal For:
- Those who like steady, predictable returns on their investments
- Those who might prefer short-term investments
- Existing Truist customers
Not Great For:
- Anyone looking for super high APYs
- Those who want choices at the end of the CD’s term
- Those who prefer to grow their savings more aggressively
Tips for Getting the Best CD Rates
Like many banks, Truist may adjust its APY offerings on its CDs and other bank accounts, so you should always verify with the bank’s website, visit a local branch or call customer service to make sure you’re getting the best rate.
If you prefer a short-term solution, then Truist might have just what you’re looking for with their 5-month CDs that offer better rates than the standard APY. Better yet, if you’ve got a Truist One Checking account as well, you can receive other benefits such as fee waivers.
You can benefit from a Truist CD if you’re looking to build growth in the short term with relatively low risk.
Truist CD Rates FAQ
If you need to learn more about Truist CD rates, here are more answers.- What is the minimum deposit for a Truist CD?
- Truist requires a minimum deposit of $1,000 to $2,500 when opening a new CD account.
- Does Truist offer promotional CD specials?
- Yes, Truist periodically offers CD specials with APYs that are higher than its standard CD rates. These offers are limited-time, so you should confirm the current specials on the Truist CD page.
- Are Truist CDs FDIC-insured?
- Yes. Truist Bank is a member of the FDIC. Eligible deposits in CDs, checking, savings and money market accounts are insured up to $250,000 per depositor, per ownership category.
- What happens if I withdraw from a Truist CD early?
- If you cash out a Truist CD before it matures, you’ll pay an early withdrawal penalty. The penalty is typically based on a set number of days or months of interest, depending on the CD term, and can significantly reduce or eliminate your earnings.
Melanie Grafil and Sarah Sharkey contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Jan. 26, 2026.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
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- Federal Reserve. 2024. "Large Commercial Banks."
