BB&T Bank CD rates

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Headquartered in Winston Salem, North Carolina, Branch Banking and Trust Company (BB&T) is a Federal Deposit Insurance Corp-insured bank offering home mortgage loans and a number of personal and business banking services, including certificates of deposit. BB&T recently merged with SunTrust to form Truist; for now, though, BB&T’s CD terms are offered separately.For customers in certain Midwest, South, and East Coast states, BB&T is a solid one-stop-banking option, with CD account terms ranging from seven days to 60 months and a full array of savings options. The yields on the CDs are average. For online customers, BB&T offers good customer service and supports a well-reviewed mobile app, U of BB&T.BB&T earned 2.4 out of 5 stars in Bankrate’s overall score.BB&T CD RatesSpecial CDsSpecial CD rates may be available for a limited time only and have rates and terms that vary. This account offers the best BB&T CD rates currently available. You can lock in fixed rates for the term you choose.

Account name
Term
APY
Minimum deposit

Special CD
7 months
0.05%
$1,000

Special CD
13 months
0.05%
$1,000

Special CD
23 months
0.05%
$1,000

Personal CDsPersonal CDs also offer fixed rates for the term you choose, anywhere from seven days to 60 months. A $1,000 minimum deposit is required for terms greater than 31 days; you’ll need to deposit $2,500 if you want terms of seven to 31 days.

Account name
Term
APY
Minimum deposit

Personal CD
7 days
0.01%
$2,500

Personal CD
30 days
0.01%
$2,500

Personal CD
60 days
0.01%
$1,000

Personal CD
90 days
0.01%
$1,000

Personal CD
150 days
0.01%
$1,000

Personal CD
180 days
0.01%
$1,000

Personal CD
270 days
0.01%
$1,000

Personal CD
360 days
0.01%
$1,000

Personal CD
18 months
0.01%
$1,000

Personal CD
24 months
0.01%
$1,000

Personal CD
30 months
0.01%
$1,000

Personal CD
36 months
0.01%
$1,000

Personal CD
42 months
0.01%
$1,000

Personal CD
48 months
0.01%
$1,000

Personal CD
60 months
0.01%
$1,000

Can’t Lose CDsYou can either add new funds to the fixed rate you have or lock into a higher rate with a new CD. You’ll get one penalty-free withdrawal after the first 12 months of your term.

Account name
Term
APY
Minimum deposit

Can’t lose CDs
30 months
0.01%
$1,000

Stepped Rate CDsEarn more the longer amount of time you keep your money invested.

Account name
Term
APY
Minimum deposit

Stepped rate
Year 1
0.01%
$1,000

Stepped rate
Year 2
0.02%
$1,000

Stepped rate
Year 3
0.03%
$1,000

Stepped rate
Year 4
0.04%
$1,000

Note: The APYs (Annual Percentage Yield) shown are as of Oct. 28, 2020. APYs for some products may vary by region.How BB&T compares to top-yielding banksBB&T scores high points for customer satisfaction and its mobile app. Other banks offer more competitive rates on their CDs, though. Marcus by Goldman Sachs currently offers a 0.85 percent APY on a one year CD, with a minimum deposit of $500, for example.Other savings options at BB&TBB&T offers other savings account options as well. Its eSavings account, available exclusively online, is its most popular savings product; there are no minimum balances or monthly fees, and you’ll get unlimited deposits, withdrawals and transfers at BB&T branches and ATMs. BB&T also offers a tiered High Performance Money Market Account with a minimum deposit of $1,000 and a tiered Investor’s Deposit Account for those who can invest a minimum of $10,000.The bank also offers a Health Savings Account (HSA) and Youth Savers account for members under the age of 18.Featured image by Drazen Zigic of Shutterstock.

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