Truist CD Rates for 2024

Truist Bank offers a variety of CD terms, ranging from seven days to 60 months. Unfortunately, the bank doesn't disclose CD rates online, so you'll have to schedule an appointment at one of its 2,000 branches to see if its APYs are even worth your attention.

Below, we'll break down Truist CD rates and help you decide if a Truist CD might be a good place to park some cash.

Since Truist doesn't reveal rates on its certificates of deposit (CDs), it's hard to assess how the bank stacks up against competitors. But to give you some perspective, here's what other CD providers are offering.

Even though Truist doesn't advertise CD rates online (boo), it does disclose some important details that can help you prepare for that in-person meeting at a Truist location. Below is a breakdown of what we can gather about Truist CDs.

Standard CDs pros and cons

Full Truist CD review

Truist CDs have CD terms ranging from seven days to five years. For CDs with terms ranging from seven to 31 days, you'll need a minimum opening deposit of $2,500, while those ranging from 32 days to 60 months require $1,000 to get started.

Perhaps the most interesting feature of a Truist CD is its interest rate tiers. Though you won't know your APY until you visit a Truist branch, you can get a good idea of which tier you would fall into based on how much you want to deposit.

Truist CD interest rate tiers

To be sure, big banks like Truist typically have lower APYs on CDs than smaller banks and credit unions. So, even if you fall into Tier 4, that doesn't mean you'll get the highest CD rate on the market.

Since Truist CDs can only be opened in person, you'll need to live near a Truist branch for this to be feasible or convenient. Right now, Truist Bank has over 2,000 branches in 15 states and the District of Columbia. If you've never heard of Truist -- or you have but don't have a branch near you -- you're better off looking at some of today's top-paying CD providers.

A Truist CD might be right for you if you already bank with Truist and want to keep all your money at the same institution. It might also be a decent option if you're looking to deposit more than $100,000 in a CD, as that would lock you into a Tier 4 interest rate. Finally, since you need to visit a Truist branch in person to get details on CD rates, Truist CDs are only right for those who live in the 15 states where Truist does business.

Keep reading about Truist Bank

• Truist Bank review

Our CDs methodology

At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

Learn more about how The Motley Fool Ascent rates bank accounts.