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. Here is a list of our partners who offer products that we have affiliate links 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. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market.

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