TrustCo Bank's "1% Way To Bank" offers 1.00% APY for 12 months when you open a new checking account. This promotion is only available to first time checking account customers and must be funded with new money. TrustCo Bank offers one checking account (Free Interest Checking) that normally earns 0.05% APY; following the initial 12 months, the rate will revert to the 0.05% APY.
Thanks to DA Members stormdog123 and Shorebreak for their Forum postings on this deal!
1% Way To Bank Requirements
- Establish eStatements on the checking account within 60 days of opening
- Direct Deposit of at least $100 within 60 days of opening
- Minimum account to earn interest is $500
- Balances over $50K earn the lower rate of 0.05% APY
For complete details, please refer to TrustCo Bank’s Earn 1% Checking Account page.
TrustCo Bank has 138 branches located in five states: Florida, Massachusetts, New Jersey, New York, and Vermont.
While TrustCo Bank does have online banking features to manage accounts, opening a checking account requires an in-person visit to any of TrustCo Bank’s branches.
For a complete list of TrustCo Bank locations, please refer to DepositAccounts.com's branch compilation.
TrustCo Bank (FDIC Certificate # 31945) has an overall health rating of B+ on DepositAccounts.com, with a Texas Ratio of 11.62% (above average), as of June 30, 2014. TrustCo Bank increased its total deposits by $102.31 Million in the past year, which represents an above average growth rate. Please refer to our financial overview of TrustCo Bank for more details.
TrustCo Bank has its origins in 1902, when the Schenectady Trust Company was chartered, following the purchase of assets of the long-standing Schenectady Bank (circa 1832). Over the next 110 years, the scope and market area of the bank expanded to provide general commercial banking services to individuals, partnerships, corporations and governments of New York, Florida, Massachusetts, New Jersey, and Vermont. Today, TrustCo Bank has assets of $4.44 Billion and the recipient of several banking industry awards.
The above rates are accurate as of 9/15/2014.