Trustco Bank Money Market Account
in Money Market Accounts from Trustco BankUnaffiliated
|APY (Annual Percentage Yield)||0.05% - 0.55%|
|APY Minimum Balance||$0.01|
|Minimum Initial Deposit||$2,500|
Trustco Bank Money Market Account Review
Trustco Bank Money Market Account is offered by Trustco Bank, a bank founded in 1902 and based in Schenectady, NY. Trustco Bank Money Market Account is available in 5 states across the USA.
Are money market accounts from Trustco Bank federally insured?
Yes, your Trustco Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What are the Trustco Bank Money Market Account rates?
Trustco Bank Money Market Account offers an APY starting at 0.05% and ranging up to 0.55% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.
|APY (Annualized Percentage Yield)||0.05% - 0.55%|
What are the Trustco Bank Money Market Account fees?This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $2,500.
|Monthly Fee||up to $10|
|Paper Statement Fee||N/A|
What is the minimum balance for Trustco Bank Money Market Account?
Minimum initial deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.
Monthly maintenance minimum balance of $2,500. You can avoid the monthly fee if you keep a minimum balance $2,500.
Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.
What features and perks does Trustco Bank Money Market Account offer?
This account does not seem to offer any of the features and perks we track.
How to open an account with Trustco Bank
- Visit the Trustco Bank website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
- New Jersey
- New York
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