Truist Financial Savings is one of the company’s top options, one of the largest banking institutions in the US, resulting from the merger between BB&T and SunTrust. With a presence in dozens of states and a solid customer base, the company offers a range of financial solutions for different profiles. Among the most accessible products is the savings account, ideal for those who want to save money with convenience, security, and digital integration.
Whether you’re building an emergency fund, saving for a trip, or starting to organize your finances, Truist’s savings account delivers the essentials with reliability and accessible support. Learn more about this alternative and how it works!
Truist Savings Account Options
Truist offers two main savings account choices: Truist Savings and Truist One Savings. Both come with automatic interest, FDIC insurance, mobile access, and digital tools to help you manage your money.
Truist Savings is the standard option, great for people starting out. Meanwhile, Truist One Savings offers greater flexibility and additional benefits when paired with other Truist services or accounts under the Truist One Banking program.
In both options, users can set up automated recurring transfers, track progress through goal-based savings tools, and move money between accounts quickly and safely.
Extra Benefits for Truist Customers
A major advantage of choosing Truist is its fully integrated banking ecosystem. If you already use Truist for checking, credit cards, loans, or investments, you can manage everything from a single dashboard — complete with smart insights, alerts, and budget tools.
Truist also provides free financial education resources, including videos, calculators, guides, and personalized programs to improve your financial wellness.
Also, the Truist Mobile App is among the top-rated apps for U.S. banks, offering real-time notifications, biometric login, and advanced fraud protection.
Interest Rates and Account Features
Interest rates for Truist savings accounts generally range from 0.01% to 0.02% APY, depending on your location and balance. While not high-yield, these rates offer a safe and predictable way to grow your money, especially for short- or mid-term savings goals.
All savings deposits are FDIC insured up to $250,000, protecting your funds in case of bank failure. Interest is compounded and credited monthly, and you can track your growth through the mobile app or online dashboard.
Truist also offers goal tracking, allowing you to label savings targets like “vacation,” “emergency fund,” or “home project,” and monitor your progress in real-time.
Fees and Requirements
The Truist Savings account has a $5 monthly fee, which can keep open with a minimum daily balance of $300, or by setting up monthly automatic transfers of at least $25 from a Truist checking account.
With Truist One Savings, fee waivers are easier to achieve, especially if you’re part of the Truist One Checking program or maintain broader relationships with the bank.
Note that federal guidelines limit savings accounts to six withdrawals per month before excess transaction fees may apply.
How to Open a Truist Savings Account
Any U.S. legal resident with a valid Social Security Number (SSN) and government-issued ID can open a Truist savings account. The process is easy and can be done entirely online through the official website, or in-person at a local Truist branch.
Applicants will ask for basic information including name, address, income, SSN, and intended account use. If you already bank with Truist, you can open a savings account even faster using online banking or the mobile app.
Is a Truist Savings Account Worth It?
Even though it’s not a high-yield savings account, Truist’s savings account delivers on convenience, security, and digital integration. It’s a strong choice for anyone looking for a low-maintenance way to save and stay organized financially.
With fee waivers available, useful savings tools, and seamless mobile management, this account is ideal for both beginners and long-time Truist customers. If you’re looking to grow your savings in a reliable environment, the Truist savings account is a smart step in the right direction.
All information in this and other BOISLA articles is subject to change over time. Please check for updates directly with the institutions and companies mentioned. Approval is subject to the institution’s review.
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