Yes I think a lot of the GFY readers are missing the fact that the link
https://internetbanking.suntrust.com/default.asp is the descriptive link that was copy/pasted to the original post. In the email, that same text would be hyperlinked to a different site.
I get these "Phishing emails" (I believe that is the correct term for them) all the time from institutions claiming to be usbank.com, citifinancial.com, wellsfargo.com -- but I don't have an account with any of them. Clearly they send them out to the multitudes knowing that a percentage of the recipients will indeed have an account (hence the term "phishing.")
Web savy individuals, such as the webmasters who frequent GFY, would never be so stupid to fall for an email scam - even if it did look legit at first glance. Before you would enter your password or any other vitals you would verify the address bar (usually some IP string) and you would wonder why your bank tried to disguise the URLs they asked you to click on.
But there are a lot of people out there who aren't too smart when it comes to computers and the web, and these scams are costing the banks a lot of money in reimbursements (to the customers after their identity gets stolen).