Estate planning options at TrustCo Bank

Home Town Free Checking

$50 minimum deposit to open and no monthly maintenance fee. Includes a debit card, online banking, the mobile app, access to over 55,000 ATMs, and a free initial order of checks. $10.00 monthly non-activity fee on balances below $250.00 after 9 months with no customer-initiated deposits, withdrawals, or ACH transactions.

Home Town Premier Checking

$50 minimum deposit to open. $5.00 monthly service charge, waived with a recurring direct deposit of payroll, retirement, or Social Security income or a $500.00 monthly average collected balance. Interest is paid on a collected daily balance of $500.00 or more. Includes a debit card, online banking, the mobile app, access to over 55,000 ATMs, and a free initial order of checks.

Home Town Investment Checking

$50 minimum deposit to open. $25.00 monthly service charge, waived with a recurring direct deposit of payroll, retirement, or Social Security income or a $20,000.00 monthly average collected balance. Interest is paid on a collected daily balance of $20,000.00 or more. Includes a debit card, online banking, the mobile app, access to over 55,000 ATMs, and a free initial order of checks.

Home Town Student Checking

Available for individual students age 13-24. $50 minimum deposit to open and no monthly maintenance fee. No check writing; funds are reached through debit card and electronic transactions, including bill pay.

Home Town BankOn

Low-cost account offered through TrustCo's membership in the BankOn coalition. $25.00 minimum deposit to open and a $4.99 monthly maintenance fee. No check writing, no overdraft or insufficient-funds fee, and no monthly non-activity fee. Opened in person only.

Home Town Passbook and Statement Savings

Passbook or statement savings with interest compounded monthly. $50.00 minimum deposit to open; a $200.00 daily minimum available balance avoids a $5.00 monthly service charge and earns interest. Statement Savings includes ATM/debit card access; passbook transactions require the book. Passbook Savings is opened in person only.

Junior (U.T.M.A.) Savings

Custodial savings account under the Uniform Transfers to Minors Act, with no minimum balance requirement.

Senior Saver

Savings account for customers age 65 and older, with no minimum balance requirement.

Money Market Account

$2,500 minimum deposit to open. A $2,500.00 daily minimum statement balance avoids a $10.00 monthly service charge. A promotional introductory rate for the first 3 months requires a $100,000 deposit of new money from outside TrustCo.

Certificate of Deposit

Fixed-rate CDs with a $500 minimum deposit to open, including a Pick Your Term CD. The rate sheet lists terms from 30 days to 5 years and over; the CRA list of services says terms run up to 10 years. Substantial penalty for early withdrawal. A CD renews automatically for the same term unless changed within the 10-day grace period after maturity.

Traditional IRA

TrustCo lists Traditional IRAs among its deposit services, and its Wealth Management division offers IRA and IRA rollover services. TrustCo publishes no IRA terms or beneficiary-designation form.

Roth IRA

TrustCo lists Roth IRAs among its deposit services. TrustCo publishes no IRA terms or beneficiary-designation form.