| Tier | Standard Interest Rate | Standard Annual Percentage Yield (APY) | Current Offer Interest Rate | Current Offer APY |
|---|---|---|---|---|
| $0-$4,999.99 | 0.01% | 0.01% | 0.01% | 0.01% |
| $5,000-
$99,999.99 |
0.01% | 0.01% | 3.92% | 4.00% |
| $100,000-
$499,999.99 |
0.01% | 0.01% | 3.92% | 4.00% |
| $500,000-
$999,999.99 |
0.01% | 0.01% | 3.92% | 4.00% |
| $1,000,000-
$4,999,999.99 |
0.01% | 0.01% | 3.92% | 4.00% |
| $5,000,000 or greater | 0.01% | 0.01% | 0.99% | 1.01% |
| Tier | Standard Interest Rate | Standard Annual Percentage Yield (APY) | Current Offer Interest Rate | Current Offer APY |
|---|---|---|---|---|
| $0-$4,999.99 | 0.01% | 0.01% | 0.01% | 0.01% |
| $5,000-
$99,999.99 |
0.01% | 0.01% | 3.20% | 3.25% |
| $100,000-
$499,999.99 |
0.01% | 0.01% | 3.20% | 3.25% |
| $500,000-
$999,999.99 |
0.01% | 0.01% | 3.20% | 3.25% |
| $1,000,000-
$4,999,999.99 |
0.01% | 0.01% | 3.20% | 3.25% |
| $5,000,000 or greater | 0.01% | 0.01% | 0.99% | 1.01% |
| Tier | Standard Interest Rate | Standard Annual Percentage Yield (APY) | Current Offer Interest Rate | Current Offer APY |
|---|---|---|---|---|
| $0-$4,999.99 | 0.01% | 0.01% | 0.01% | 0.01% |
| $5,000-
$99,999.99 |
0.01% | 0.01% | 2.96% | 3.00% |
| $100,000-
$499,999.99 |
0.01% | 0.01% | 2.96% | 3.00% |
| $500,000-
$999,999.99 |
0.01% | 0.01% | 2.96% | 3.00% |
| $1,000,000-
$4,999,999.99 |
0.01% | 0.01% | 2.96% | 3.00% |
| $5,000,000 or greater | 0.01% | 0.01% | 0.99% | 1.01% |
| Minimum Opening Deposit |
$100 |
|---|---|
| Monthly Maintenance Fee |
$10 |
| How to Avoid the Monthly Maintenance Fee (MMF) |
The MMF can be waived for the Truist Business Money Market account for each statement cycle by:
See the Business Deposit Accounts Fee Schedule for further details. |
| Pays Interest |
Yes. Interest is compounded daily on the full amount of the collected balance and credited on the last day of the statement cycle. |
| Withdrawal Limit Fee |
There is a $5 withdrawal limit fee per withdrawal over six (6), with a maximum of six (6) withdrawal limit fees per statement cycle. The withdrawal limit fee applies, regardless of the balance, to all withdrawals and transfers made from a Truist Simple Business Savings or Truist Business Money Market including those made at a branch, ATM, by mail or through any electronic means. |
| Interest Tiers |
Interest tiers are based on the following ledger balance tiers: Tier 1 – $0 to $4,999.99 Tier 2 –$5,000 to $99,999.99 Tier 3 – $100,000 to $499,999.99 Tier 4 – $500,000 to $999,999.99 Tier 5 – $1,000,000 to $4,999,999.99 Tier 6 – $5,000,000 or greater |
| Monthly Deposit Transaction Fee |
No charge for the first 10 deposited items in a month. Combined deposited items refers to the total number of checks, money orders, and U.S. Savings Bonds deposited into the account per statement cycle. This includes deposits made through all available channels, such as in branch, ATM, mobile, lockbox, vault, and through the mail. $0.50 per deposited item over 10 in a month. |
| Monthly Coin and Currency Deposit Fee |
No charge if you make deposits of coin and currency of $5,000 or less in a month. $0.0031 for every $1.00 deposited over $5,000 in a month. |
| Overdraft/Returned Item Fee |
$36 per item If the original transaction amount is less than $5, we will not charge an overdraft fee or returned item fee. A maximum of three fees per day will be charged. You can avoid an overdraft fee or returned item fee if you transfer or deposit money by the daily cutoff time on the same business day. Overdraft (OD)/Returned Item Fee: This fee applies to overdrafts created by checks, in-person withdrawals, ATM withdrawals, or other electronic means. |
|---|---|
| Non-Truist ATM Fees No fee for transactions (cash withdrawal, balance inquiries or transfers) at Truist ATMs |
$3 per transaction in the U.S. Non-Truist ATMs may charge additional fees. $5 per transaction outside the U.S. plus 3% of transaction amount for international transaction fee. |