SunTrust Mobile App retail customers can now deposit checks using their iPhone or Android smartphone with the new Mobile Deposit service. This free solution has daily and monthly deposit limits based on the length of account opening and returned check history. Click here for more information.
SunTrust Bank is offering a special CD package which includes a 44-month and 64-month CD. Both CDs earn 2.10% APY on balances between $2,000 and $1,000,000. Customers must open both CDs together and split the balance equally between the two CDs in the package. To be eligible, customers must have an existing SunTrust checking account. Click here for more information.
SunTrust Bank introduced an interest-bearing business checking account for corporations called Analyzed Interest Checking. Balances maintained in this account earn an earnings credit rate that can help reduce or eliminate service charges. If balances maintained in the account exceed what is needed to offset fees, interest is earned on those excessive balances. The release of this commercial checking account is in response to the repeal of Regulation Q which went into effect on 07.21.2011. Click here for more information.
For a limited time, SunTrust is offering a special rate on its Access 3 Equity Line of Credit. For all initial draws taken at closing, borrowers will receive a rate of Prime - 0.26% (currently 2.99% APR) for three years. For all subsequent draws, the rate is as low as Prime + 0.99% (currently 4.24% APR). The HELOC rate offer is valid on applications received by 05.30.2011 that close by 06.30.2011.
Click here for more information.
SunTrust is offering a special package CD including a 19-month and 34-month CD, both earning a 1.20% APY. The CDs must be opened together as a package with balances split equally between the two CDs. Customers must have a SunTrust checking account to be eligible for the CD package. Click here for more information.
SunTrust’s Free Business Checking will be replaced by Primary Business Checking on 10.01.2010. All customers who open or convert to SunTrust Free Business Checking after 06.30.2010 will be converted to Primary Business Checking on 06.01.2011. Primary Business Checking will require a $1,000 minimum average monthly balance in order to waive a $10 monthly maintenance fee.