However, top yields from online banks are inching close to the 5.25% APY mark for the same terms.
For context, the national average for a 6 month CD and a 12 month CD sit at 1.30% and 1.72% APY, respectively, according to FDIC data.
Truist’s CD rates are not competitive at this time and provide flat yields across all terms. That said, if you’re opening an account online, they only offer a 7 month CD and a 12 month CD.
If you navigate to Truist’s certificates of deposit page you’ll see they claim to offer CDs with terms ranging from 7 days to 60 months.
