Truist Business Certificates of Deposit

A Truist Business Certificate of Deposit is a savings option that holds a fixed amount of money for a set term, from seven days to five years, and pays a guaranteed interest rate for that period.

A CD is better if your business expects a guaranteed return and is comfortable with keeping funds untouched for a set term.


 

A money market account is designed to help grow a business’ savings while maintaining easier access to the cash within the account.

When your CD reaches maturity, you have flexible options to keep your savings working for you.


Unless you provide other instructions during the grace period, your CD will automatically renew for the same term at our current standard CD rate.

You’ll have a grace period after maturity to make any changes, such as withdrawing funds, updating your term, or exploring other options.

To make changes, you can visit your local branch or talk to a Small Business specialist at 833-866-5129.

A small business would open a CD account to earn a guaranteed, fixed rate returns on funds they’re comfortable setting aside for a specified amount of time. CDs are a secure way to grow savings over a set term while keeping cash reserves stable.

If applicable, a penalty will be imposed for early withdrawals that may result in reduction of principal if accrued interest is not sufficient to cover the penalty. Fees could reduce earnings on the account.