![]() Read More: Best Savings Accounts Of 2023 Money Market If opened online, there is a $50 minimum opening deposit, but no requirement when opened in person at a SunTrust branch. Youth Advantage Savings accounts carry no monthly fee until the child reaches the age of 18. Account funds can only be used for the child’s benefit. This version is considered an irrevocable gift to a child that’s transferred to them when they reach the age of majority for their state. This version requires an adult co-owner and is meant to teach children and teens about managing money. Youth Advantage Savings is available in two variations: SunTrust also offers savings accounts for kids. There’s a $3 fee for paper statements, which you can avoid by signing up for online paperless statements. With this account, you can track savings goals with balance alerts and make automatic transfers from a SunTrust checking account. Current savings account interest rates aren’t available online. You’ll need to maintain a minimum account balance of $0.01 to avoid closure, but, other than that, there are no account requirements. Essential Savings is a basic savings account with no monthly fee and no minimum opening balance. SunTrust Bank offers two primary savings accounts: Essential Savings and Youth Advantage Savings.Įssential Savings. Read More: Best Checking Accounts Of 2023 Savings As with Essential Checking, there’s a $36 overdraft fee. Other perks with this account include a 100-pack of SunTrust customer checks, no-fee money orders and a $25 discount on any size safe deposit box. This checking account currently pays 0.01% APY on all balances. Have a linked SunTrust small business checking account, lending account or credit card.Maintain $10,000 total combined balances between linked deposit and investment accounts.Receive $3,000 in total monthly qualifying direct deposits.It comes with a 50% credit card loyalty cash bonus and an optional Delta SkyMiles Debit Card ($25 annual fee).Īdvantage Checking carries a $20 monthly maintenance fee, waived in of the following three ways: This tier is for balances above $100,000. It comes with a 25% credit card loyalty cash bonus and an optional Delta SkyMiles Debit Card ($75 annual fee). This tier is for balances between $25,000 and $100,000. It comes with a 10% credit card loyalty cash bonus and an optional Delta SkyMiles Debit Card ($95 annual fee). This tier is for balances of $0 to $25,000. ![]() This account is an interest-bearing checking account with three tiers of benefits based on your account balance: The overdraft fee is steep-$36.Īdvantage Checking. There’s a $3 paper statement fee, which you can avoid by signing up for paperless online statements. This account also includes person-to-person electronic payment through Zelle. Other account perks include a starter pack of checks and a 10% loyalty bonus when you redeem rewards earned with a SunTrust Cash Rewards credit card for cash back to your checking account.
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