Does 7.00% APY on a checking account seem too good to be true?
Believe it – it’s real. But as you would expect, there is a catch….
iChecking from TrustBank is an innovative, high interest checking account that pays up to 7.00% APY on your account balance. With easy-to-use Online Banking, a TrustBank iCard debit card, Online Bill Pay and E-Statements, this paperless, web-based account can be accessed and managed from anywhere. All you need is an Internet connection.
iChecking is geared toward tech-savvy customers who want to enjoy the ease and convenience of online banking. The account is also virtually paperless, making it more environmentally friendly.
When you open your new iChecking account, you’ll receive all of these benefits:
- Earn 7.00% APY on balances up to $1,000
- Earn 0.20% APY on balances over $1,000
- TrustBank iCard with Allpoint Nationwide Access and Ca$h Back
- Online Banking
- Online Bill Pay
- E-Statements
- No Monthly Maintenance Fee
- No Minimum Balance Required
- You may choose to have your interest paid to your iSavings Account.
It’s easy to qualify for iChecking from TrustBank:
- Make at least 10 TrustBank iCard transactions per month. You’ll receive a free iCard – which acts as a debit or check card – with your account.
- Make at least one monthly direct deposit.
- Make two Online Bill Pays or automatic payments each month.
- Receive E-Statements.
- Access Online Banking at least one time per month.
If any of the criteria are not met, 0.02% APY will be paid on the entire balance.
They also offer CD’s. Open iChecking online and receive a TrustBank T-shirt and a coupon for an additional $25 deposit into a DreamBuilder Certificate of Deposit opened online. Must open DreamBuilder CD within 3 months from date of opening iChecking. Deposit made when coupon is received. Value of bonus is subject to tax.
About TrustBank
TrustBank was established in 1912 and will celebrate its 98th year of operation in 2010. TrustBank is a wholly owned subsidiary of Rich Land Bancorp, Inc., a one-bank holding company. As of March 31, 2010, total assets were $157.8 million, with capital of $18.0 million. The capital to asset ratio is 11.4%.
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TrustBank pulls credit scores like most banks but unlike most banks don’t bother applying if your credit score is less than 650 or you have “limited credit history.” Have top notch credit or STAY AWAY!
That’s an impressive list of benefits. I now know why my friend raves alot about TrustBank. Well I have a decent credit score so I would most definitely not pass on this great deal. Thank you ratenerd!!!