BB&T CD Rates
The BB&T CD rates offer total investment flexibility. Branch Banking and Trust have both regular term CDs with terms from 7 days to 60 months, as well as a number of other CDs designed to help you meet specific investment goals.
Rates are fixed for the term and they have tiered rates based on deposited funds. Interest is compounded daily for CDs less than $100,000. There is a simple interest on collected balances for CDs $100,000 or more.
For 7 days to 31 days CDs, the minimum to open is $2500 for terms 7-31 days and $1000 for terms over 31 days. There are no monthly fees and the CD automatically renews. A grace period at renewal is given which will allow you to negotiate term, rate, or adjust account balance. This CD may also be pledged as loan collateral.
For the Home Saver CD, the minimum to open is $100 for a term of 36 months. For the Add-On CD, the minimum to open is also $100 but for a term of 12 months only. Both CDs require an automatic deposit of $50 or more per month from a BB&T checking or savings account. An additional deposit of $50 or more may be made at the branch, through BB&T Online Banking, or through BB&T Phone24 once a month. The interest will accrue on all additional deposits at the same rate and APY as the original deposit. You can withdraw the entire principal amount on a Home Saver CD anytime without penalty if the funds are used to buy a home. Any withdrawn funds must have been on deposit for at least 7 days and no other withdrawals may have been made in the preceding 8 days. The interest earned during the 12 month term of an Add-On CD may be withdrawn at any time without penalty.
There is also the College Saver CD, Can’t Lose CD, Stepped Rate CD, and Treasury CD. However, their CD rates do not appear on their website and are only disclosed upon opening a CD. The CD calculator in their website that shows an interest rate of 2.00% with an APY of 2.018% is just an estimate and may not reflect the actual rate of a chosen CD.
It is best to apply in person or send them an email through their website for your BB&T CD rates.