Truist One Savings

Truist One Savings is the basic savings account from Truist, the bank formed by the 2019 merger of BB&T and SunTrust. The yield is the story: Truist's disclosures page, stamped as of September 28, 2026, shows one rate for every balance, 0.01% APY, with no tiers. At 0.01%, a $10,000 balance earns about $1 per year. Opening requires a $50 minimum deposit, there is no minimum balance to earn the APY, and Truist Bank is a Member FDIC institution, so deposits are insured up to the FDIC limit of $250,000 per depositor, per ownership category. The fee terms, from Truist's disclosures page: a $5 monthly maintenance fee, waived with a $300 minimum daily ledger balance, a recurring preauthorized internal transfer of $25 or more per statement cycle, ownership by a minor under 18 as primary owner, or any related Truist checking product (Truist Confidence excluded). Watch the withdrawal limit fee: Truist charges $5 for each withdrawal beyond six per statement cycle, with a maximum of six fees ($30) per cycle. Truist charges no overdraft-related fees on this product, and there is no fee for the Overdraft Protection transfer, though transfers that cover checking count toward the six-withdrawal limit. The reasonable use case: a companion to a Truist checking account (any related Truist checking product, except Truist Confidence, waives the monthly fee), a first account for a minor (fee waived for primary owners under 18), or an overdraft buffer for a Truist checking account. The case against is the yield: at 0.01% APY, a $15,000 balance earns about $1.50 per year, and the $5 withdrawal limit fee applies from the seventh withdrawal in a statement cycle.