This compensation comes from two main sources.

To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. Between late 2021 and early 2022, both banks transitioned to the single Truist brand, and their websites now automatically redirect to. It has more than 2,100 branch locations and roughly 3,000 ATMs.įor a time after the merger was announced, BB&T and SunTrust continued operating under their separate names. Truist is headquartered in Charlotte, North Carolina, and operates in 17 states plus Washington, D.C. bank based on assets, according to FDIC data. 9, 2019, Winston-Salem, North Carolina-based BB&T (Branch Banking and Trust Company) and Atlanta-based SunTrust completed a merger of equals to become Truist Bank, the seventh-largest U.S. With a bit of comparison shopping, you can increase your rate of return and have a wider selection of CD products to choose from.

Low rates like those offered by this bank are one of the many reasons it’s wise to compare rates and terms from several banks and credit unions before purchasing a CD. Still, investors will have more terms to choose from with other banks and may be able to secure better rates, depending on the term they’re looking for. Historically, Truist Bank CDs rates have been lower than today’s best CD rates but much higher than the national average CD rates, according to data from the FDIC.

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