Truist CD Rates: What You Need To Know Before You Open One
Written by
Dawn Allcot
Edited by
Elizabeth Constantineau
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Truist Bank offers many banking products, including checking accounts, savings, 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.
But how does Truist compete with other banks when it comes to CD rates? Read on to find out.
Current Truist CD Rates: September 2025
Truist Bank publishes rates for CDs with terms ranging from seven days to 60 months.
| Term | Minimum Opening Deposit | APY |
|---|---|---|
| 5 months | $1,000 | |
| 12 months | $1,000 | |
| 7 days to 60 months | $1,000 |
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.
- No-penalty CDs: Allow early withdrawals without a penalty for select terms.
- Special rate CDs: Feature limited-time rates on specific term lengths.
Pros and Cons of Truist CDs
Pros:
- $0 monthly maintenance fees
- Additional perks when combined with Truist One Checking
- Automatic renewals available
Cons:
- Not a wide variety of term and APY options
- Early withdrawal penalties if you withdraw before the CD matures
- $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, such as:
- The amount of your depsoit
- 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 | $14.44 | |
| $1,000 | 12 months | $30 | |
| $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 the 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 penalty may apply
APY
APY
APY
Up to
Up to
Up to
Min Opening
Min Opening
Min Opening
$1,000
$0
$0
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, such as 5- or 12-month CDs
- 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 Rate
Like many banks, Truist may adjust their APY offerings on their 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 and 12-month CDs that offer better rates 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 with relatively low risk.
Truist CD Rates FAQ
If you need to learn more about Truist CD rates, here are more answers.- How does Truist's Jumbo CD differ from its Standard CD?
- Truist's Jumbo CD typically requires a higher minimum deposit than the standard CD but may offer more competitive interest rates in return.
- Are there penalties for early withdrawals on Truist CDs?
- Yes, most Truist CDs have early withdrawal penalties, which vary depending on the CD term. No-penalty CDs are an exception, allowing early access without fees.
- What is the minimum deposit required to open a Truist CD?
- The minimum deposit to open a Truist CD varies by type and term, but standard CDs typically require a deposit of at least $1,000.
- Do I need a Truist account to open a CD?
- No, you don't need an existing Truist account to open a CD. You just need to meet the minimum deposit requirement.
- Can I open a CD online?
- Yes, you can open a Truist CD online or at a branch with a bank teller.
- What happens if I withdraw before the term ends?
- If you withdraw from your Truist CD before the term ends, you may be charged an early withdrawal penalty.
- Are Truist CD rates competitive in 2025?
- For short-term promotional rate CDs, Truist CD rates are considered competitive. Outside of the 5- and 12-month promotional CD terms, however, you may be find better rates at other banks.
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 Sept. 18, 2025.
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.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
- Federal Reserve. 2024. "Large Commercial Banks."
