Find the Right Account for You
What Affects Interest Rates Today?
Interest rates vary depending on a number of factors, such as the type of product, inflation, and the Fed’s interest rates. Checking and savings rates are variable, meaning they can fluctuate often. Because of this, keeping up with the Fed’s rate announcements is critical. Certificates of deposit (CDs), on the other hand, have a fixed rate. If you see a high CD rate, it’s likely best to open an account sooner rather than later to take advantage of savings. Luckily, Trustco Bank’s interest rates are consistently above the national average set by the Fed.
Mortgage and loan rates have a few other additional factors in play, such as bond market trends and employment data. View Trustco Bank’s current rates for different products by clicking through each tab below.
Home Town Investment Checking
- Unlimited transactions and withdrawals
- $25 monthly fee is waivable if recurring direct deposit of payroll, retirement, or social security OR a monthly average collected balance of $20,000
- Promotional Interest Rate applies to qualifying balances during the first 3 statement cycles after account opening. Then, the account will earn a variable interest rate and corresponding APY, which may change.
- $50 deposit is required to open the account
- $20,000 daily minimum collected balance to earn interest
Home Town Statement Savings
- High promotional rate for the first 3-months
- A daily available balance of $200.00 must be maintained to earn interest and avoid a $5.00 monthly service fee
- $50 deposit is required to open the account
Certificates of Deposit
- $500 minimum opening deposit and minimum balance to earn APY
- Optimal flexibility with the option to “Pick Your Term”
- Substantial penalty for early withdrawal. Fees may reduce earnings.
