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.
