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SunTrust Bank vs Bank of America

SunTrust Bank is a southeastern regional bank known for good customer service. How does it compare to Bank of America? Read our comparison chart below.

SunTrust Bank has 1,400 branches in the Southeast region. Checking accounts require $100 to open and offers different ways to waive fees. Select Savings account offers an annual 1% bonus up to $25. Promotional CD offers a high APY with a $2,000 minimum opening deposit.

While Bank of America is one of the largest banks in the U.S. with over 5,000 locations and 16,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

Compare SunTrust Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

SunTrust Bank

Bank of America

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Read Bank of America Review

 

Benefits and Features

Savings0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates.0.03% APY (up to 0.06% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.
CD1.50% APY. Terms ranging from 6 months - 24 months. $2000 minimum opening deposit.Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.50% APY. Terms of 12, 13, 25, and 37 months. Minimum deposit of $10,000.
Money MarketMinimum opening deposit $100. Monthly maintenance fee $17 unless 1) one (1) automated transfer ($100 minimum) occurs, OR 2) a minimum daily collected balance of $10,000 is maintained. 
Customer Service24/7 Telephone and Automated Customer ServiceMon-Fri: 8am - 9pm(ET)
Sat: 8am - 8pm (ET)
Sun: 8am-5pm (ET)
ATMsMore than 2000 ATMs across 11 southeastern states and Washington DC.Approximately 15,900 ATMs around the country.
IRA CDTerms ranging from 1 - 10 years.Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.50% APY. Terms of 12, 13, 25, and 37 months. Minimum deposit of $2,000.
Locations1400 bank branches across 11 southeastern states and Washington D.C.4600 retail financial centres around the country and brances in more than 40 other countries.
 

CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • High APY for CDs
  • Free student account
  • Good customer service
Cons:
  • No free checking option
  • Low savings APY
  • Limited branches
Pros:
  • National availability
  • Extended customer service hours
  • Full service bank
Cons:
  • No free checking option
  • Low interest rates
  • Many misc. banking fees
Bottom LineSoutheastern regional bank known for good customer service... Read full reviewNational bank with widespread accessibility and wide range of services... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

SunTrust Bank: Pricing information from published website as of 12/14/2019 based on 91107 zip code.

Bank of America: Pricing information from published website as of 12/13/2019 based on 91107 zip code.

Which is Better: SunTrust Bank or Bank of America?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing SunTrust Bank or Chase.

In short: SunTrust Bank's cd is notable.


Articles on SunTrust Bank


Articles on Bank of America


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