Trustco Bank is offering a $100 bonus for opening a new Trustco Free Interest Checking Account with direct deposit. This appears to be available at all of their branches in the states of Florida, New York, New Jersey, Massachusetts and Vermont. Trustco Bank also has a 13-month CD special with a 1.00% APY, but this isn't available at all of their branches. It's not available in Northern New York or Florida. Thanks to DA member stormdog123 who mentioned this in the forum. These promotions are listed at Trustco Bank's website as of 1/21/2013. You'll have to enter your zip code at Trustco's rates page to see the CD rates available in your area.
The full details of the $100 checking account bonus are listed at this Trustco Bank checking page as of 1/21/2013. The bonus requires direct deposit. Here are some of the direct deposit requirements listed in the bank's small print:
Direct Deposit of the entire amount from a Payroll, Social Security, and/or Pension [...] Direct deposit must be completed within 90 days of account opening. Minimum amount for the direct deposit is $100.
The Free Interest Checking Account has no minimum balance requirement and no monthly service fees. The minimum to open the account is $50. Minimum to earn interest is $500. However, the current interest rate is only 0.05%. The account offers free checks for life, but it's only after the first purchase of initial order of checks at half-price plus tax and S&H. There are no ATM fee refunds, but Trustco Bank is a member of the Allpoint and Publix Super Market ATM networks.
Trustco Branch Locations
It appears that a branch visit is required to open an account. Branches are located in New York, Florida, Massachusetts, New Jersey, and Vermont. Most of its branches are located in Upstate New York and in Central Florida.
Trustco Bank's overall health score at DepositAccounts.com is 4 stars (out of 5) with a Texas Ratio of 14.85% (above average) based on September 2012 data. Please refer to our financial overview of Trustco Bank for more details. The bank has been a FDIC member since 1978 (FDIC Certificate # 31945).
Other Bank Bonuses
We have a bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.