Adirondack Bank eCo Checking Earns 3.04%


Adirondack Bank's (central New York state) eCo Checking account offers a great combination of benefits by allowing you to manage your checking account electronically as you earn up to 3.04%. Adirondack Bank eCo Checking has two recurring transactional requirements:

  • A minimum of 10 POS sale debit transitions per statement cycle
  • A minimum direct deposit of $250 per statement cycle

If you fulfill only one of these requirements, your account still earns 1.51% on the account balance up to $25K, with balances over $25K earning 0.05%. In addition, online banking and eStatements are required within 45 days of opening your account.

Thanks to DA member cumulus for his Forum post on this product.

0.50*%-$15kAdirondack BankeCo Checking
OTHER TIERS: 0.02% $15k+
0.15*%-$15kAdirondack BankeCo Checking
OTHER TIERS: 0.02% $15k+
Rates as of December 4, 2022.


The eCo Checking may be opened by any legal resident of New York state and must be opened in person at any of 18 branches located in Boonville, Herkimer, Holland Patent, Ilion, Lake Placid, Little Falls, Mohawk, New Hartford, Old Forge, Plattsburgh, Rome, Saranac Lake, Sylvan Beach, Syracuse, Utica, and Whitesboro.

Bank Overview

Adirondack Bank has a B+ rating on DA and a Texas Ratio of 9.47% (excellent) as of March 31, 2014. The bank's Texas Ratio has experienced no significant changes since March 2013 as its total deposits have grown by $74.29M, a 14.46% increase for the year. Please refer to our financial overview of Adirondack Bank for more details.

Adirondack Bank has been serving northern New York State since 1898. In its 115 years of continuous operation, Adirondack Bank has gone through name changes and business models, while continuing to grow from the original Saranac Lake Co-Operative Savings and Loan Association to today's chartered National Bank with 18 branches. Headquartered in Utica, branches are located throughout central and northeast New York state from Syracuse (Mohawk Valley) to Plattsburgh (near the Canadian border).

How the Rate Compares

When compared to other locally available reward checking accounts, Adirondack's eCo Checking rate of 3.04% (using the $25K maximum deposit) ranks 5th out of the accounts tracked by DA. Add in the two straightforward transactional requirements and eCo Checking becomes a highly desirable product.

The above rates are accurate as of 7/17/2014.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

Related Pages: Adirondack Bank, Burlington, Utica, Syracuse

Charles W
  |     |   Comment #1
Shame they don't allow residents nationwide like Lake Michigan Credit Union. :(
  |     |   Comment #2
Take a look at the terrible/horrible reviews this bank received.  I would not get near this bank no matter how high the interest rate they offer.  Simply nasty!
bob z
  |     |   Comment #3
what is a POS transaction

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