Certificate of deposits are one of the better investment options for your funds for a chosen period of time at a fixed interest rate, and Sun Trust Bank provides a secure place for your deposits. They allow you to ride out any investment fluctuations that may occur due to economic changes. Sun Trust bank guarantees earnings on a competitive fixed rate of interest. The term extends from 7 days to 10 years and the deposits are covered by FDIC. CDs are beneficial to you especially when you are looking for investing for a specific period with guaranteed returns, investing for a particular period and you don’t require access of your money for a longer period of time. It is a good option when you have a large sum of money which could be proceeds of real estate sale, or an inherited sum which you want to invest for a specific period with an intention to reinvest later. CDs have the advantage of secured deposit and the investor knows exactly what will be his income as interest. That’s why many people prefer to have CDs as an additional source of income. Sun Trust Bank offers the one of the best CD rates in the market today and it is competitive with other banks.>>> [Read More]
