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4.00% 6-Month CD at Trustco Bank in NY, NJ, MA and FL


TrustCo Bank
Trustco Bank is offering a special 4.00% APY 6-month CD. The minimum deposit is $500, and a checking account is required. This 4% is available for Florida, Massachusetts and Downstate New York and New Jersey. The Capital Region of New York and Vermont have a much lower 2.90% APY. Please refer to the bank's rate table for your local rates. This CD special is also available in an IRA.

The free checking account will qualify you for this special, and it does not require direct deposit. So it's not too bad of a requirement. The free checking account has a minimum $25 opening deposit, has no monthly service charge and offers free checks for life.

Trustco Bank has some decent financial ratings for soundness: 4 stars (sound) at and 4 stars (excellent) at BauerFinancial. Both are based on 6/30/08 data. The bank has been FDIC insured since 1978 (FDIC Certificate # 31945).

Thanks to the reader who mentioned this CD in the Finding the Best Deals post.

  Tags: Massachusetts, New York, CD rates, New Jersey, IRA rates, TrustCo Bank, Florida

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Comment #1 by Donald (anonymous) posted on
I used to keep a lot of money at this bank. But as a Capital District resident, I have gotten tired of being a second-class customer for them. They always have better rates elsewhere even though this is their home base. They must be trying to grow their business out of state and apparently feel no pressure from competition here in the Capital District. There is a new local bank called Capital Bank & Trust which could give them trouble if they advertised more. They have a simple checking account which earns 2.5% now.