We recognize that your savings are more to you than just money. They are your child's education, your retirement nest egg, the down payment for your first home - all the things that mean so much as you work to meet your goals in life. That's why we offer only insured investments that provide protection for your savings. Here's what you'll get when you open an insured account at TrustBank:
Guaranteed return of principal
Riskier alternative investments, such as stocks and bonds, cannot guarantee your principal; there is a possibility that market changes may result in the loss of a portion of the principal you have invested. This is not the case with a TrustBank investment. Our savings products all come with our guarantee of the return of your principal.
Guaranteed investment return
Choose a savings account or a Certificate of Deposit, held to maturity at TrustBank, and we guarantee your investment return, as well as the return of your principal. Stock and bond funds cannot make these promises. They base their projected earnings on past performance, but have no way of knowing what the future will bring. In fact, the future could bring a loss rather than earnings. CDs, on the other hand, provide you with steady, predictable income.
Each depositor at TrustBank is insured to $250,000 by the FDIC. This means that the full strength and credit of the U.S. government is behind your deposit. Of course, TrustBank is a strong and stable institution, and none of our depositors has ever had to rely on the FDIC. Nevertheless, it is nice to know that it is there. Click Here for information on FDIC Insurance.
The value of an investment in stocks and bonds is not insured; not by the government, not by anyone.
Whatever your savings needs, TrustBank offers a wide variety of accounts. Investment Certificates of Deposit have maturities up to five years. A savings account is liquid and allows you access to your money when you need it. Whether you have a lot to deposit or a little, we have an insured deposit account for you.
|Features||iSavings||Statement Savings||Money Market||
Money Market Max
|Learn More||Learn More||Learn More||Learn More|
|Interest bearing account||yes||yes||yes||yes|
|Limited check writing||yes||yes|
|Minimum opening balance||$100||$100||$100||$100|
|Minimum withdrawl amount||$0||$0||$100||$100|
|Average daily balance required to avoid maintenance fee||$200||$200||$1,000||$10,000|
|Monthly maintenance fee||$3.00||$3.00||$6.00||$10.00|
|Compounding and crediting frequency||Monthly||Monthly||Monthly||Monthly|
|Personal Accounts Information|