SunTrust Bank CD Rates January 2012 Update
This is a SunTrust Bank CD rates update being provided by Highest CD Rates. This new year has given us a surprise. This SunTrust Bank certificate of deposit rates review has noticed that two of the terms have had an increase in the APY’s they are offering the public. The amount of increase is 0.10% and 0.70%.
The current CD rates include the 9 month CD that is earning an APY of 0.25%. The 15 month CD that is earning an APY of 0.45%.
The 25 month CD is earning an APY of 0.65%. The 37 month CD is earning an APY of 0.85%. The best CD rates are from the 59 month CD that is earning an APY of 2.00%.
These CD rates are available for both the consumer and business accounts.
The other terms available of SunTrust Bank certificate of deposit rates are from 7 days to 10 years but they are not all openly advertised. If you wish to invest in the standard CDs, then you must contact your local SunTrust Bank branch office.
The minimum amount that must be put on deposit to open a CD account and obtain the above rates is $2,000. The maximum amount covered by the FDIC for deposits is $250,000 but you can place on deposit up to $1,000,000 with this financial institution but a majority of it will not be insured.
These SunTrust CD rates were posted on January 17, 2012 but are subject to change without any prior notice.