Top Reward Checking Account at Community Trust Bank in TX, LA & MS


Update 9/28/2012: Readers have been told by the bank CSRs that the yield is scheduled to fall from 3.25% to 2.25% on October 15, 2012.

Community Trust Bank is offering a very competitive reward checking account that it calls Trust Plus Checking. Both the rate and the balance cap make this a good deal. The details are shown below. The rates and balance cap are based on what's listed at the bank's rates page as of 9/25/2012:

  • 3.25% APY for balances up to $30,000
  • 1.00% APY for portion of balance over $30,000
  • 0.10% APY on all balance if requirements are not met

Monthly requirements that must be met to qualify for the above rates include:

  • 12 posted and cleared debit card purchases (point of sale or signature based)
  • 1 posted and cleared ACH debit or credit
  • receive monthly eStatements

The checking account has no monthly service charge and no minimum balance requirement. More details about the Trust Plus Checking are provided in this bank's personal banking brochure. One thing that's stated in this brochure is "Fee free ATMs nationwide". This might only mean that the bank doesn't charge a fee if you use another bank's ATM. There may still be a fee from the other bank.


The bank has an online application. However, it states that "you must reside in a state where Community Trust Bank has an office - Louisiana, Mississippi, or Texas - to open an account online." It appears that people who live in any parts of those states are eligible.

The online application is powered by Andera which is common for online applications. It allows electronic funding using your checking account, savings account, debit card or credit card. Minimum deposit to open is $50.

Thanks to DA member pearlbrown who first reported on this reward checking account in this DA forum thread.

Other Deposit Accounts

The bank also has a good deal on 1-year CD. I reviewed this deal in February. The rate has fallen, but it's still a good deal especially if you have an active checking account.

Bank Overview

Community Trust Bank branches are located in the Dallas/Fort Worth, Texas and in several cities in Louisiana and Mississippi including Farmerville, Monroe, Shreveport, Madison and Ridgeland.

The bank has an overall health score of 4 stars (out of 5) with a Texas Ratio of 9.38% (above average) based on June 2012 data. Please refer to our financial overview of Community Trust Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 12614).

How This Reward Checking Compares

This reward checking account is a much better deal than what you can get from nationally available reward checking accounts. The best reward checking account with a 3.00% APY is at Lake Michigan Credit Union. However, the balance cap is only $15,000. The best one with a $25K balance cap is at ABCO Federal Credit Union which offers a 2.52% APY. These rates and balance caps are accurate as of 9/25/2012.

Finding the Best Reward Checking Accounts

To find the best reward checking accounts today, please refer to our reward checking rate table. This can be used to find accounts available nationwide or in your state. If you're new to these tables, my rate table guide should be useful.

If you're new to reward checking, please refer to my post 10 Common Traits of High-Yield Reward Checking.

Related Pages: checking account

larryhouston   |     |   Comment #1
Applied yesterday but got call today. The CSR told me that the 3.25% APY will drop to 2.25% on Oct. 15th, 2012. Then I request to stop the new account opening.
Anonymous   |     |   Comment #2
I also applied yesterday and called in today due to the verification process.  The rep told me about the rate drop next month which is now not worth it for me.  Independant Bank in TX still pays above 3% up to $25k and Rbank  in TX pays over 3% for up to $15k.  I will look for other options.
Special 13-Month CD at Community Trust Bank in Parts of TX, LA & MS - Local Only

Community Trust Bank is offering a 13-month CD special with some competitive rates. If you meet all the checking account requirements, you can get a very competitive rate of 1.65% APY. That requires opening a checking account with a debit card, online banking, e-statements and direct deposit. Without direct deposit, the rate falls to 1.40% APY. Without a checking account, the rate is still quite competitive with a 1.15% APY. Minimum deposit is $5,000, and new money is required. This special is listed at the bank's promotions page as of...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.