personal savings
Life is full of fun surprises, but an unintended expense isn’t one of them. Allow Trustar Bank to help you prepare for the unexpected with one of our savings solutions. From savings accounts to CD’s, we will pair you with the right fit for your need. We can even link your accounts for automatic transfers to help streamline your savings, for free. It’s time to start meeting your financial goals, with Trustar Bank. Contact us today to find the suitable savings solution for you.
Click on a product below to learn more.
Trustar Money Market
A tiered money market account with the added convenience of writing checks.
· $2,500.00 Minimum Opening Balance
· No Monthly Maintenance Fee if you maintain Minimum Average Daily balance of $2,500.00**
· Six withdrawals or transfers per month with no fee. Each excess withdrawal or transfer over the allowable six per month will incur a $15.00 fee
· Eight surcharge free ATM withdrawals
· Interest accrues daily and is credited monthly***
*ATM surcharge refunds are aggregated per debit card.
**Please contact us for our schedule of fees.
***Please contact us for our most recent rate sheet.
Trustar Savings
A savings account with premium rates and easy access to your money in person or by use of an ATM.
· $500.00 Minimum Opening Balance
· No Monthly Maintenance Fee if you maintain Minimum Average Daily balance of $500.00**
· Six withdrawals or transfers per month with no fee
· Each excess withdrawal or transfer over the allowable six per month will incur a $15.00 fee
· Interest accrues daily and is credited monthly***
*ATM surcharge refunds are aggregated per debit card.
**Please contact us for our schedule of fees.
***Please contact us for our most recent rate sheet.
Trustar Minor Savings
A tiered savings account with no minimum balance to encourage young savers. This account is only available to minors up to 17 years old with a legal adult (18 or over) as co-owner.
· No Minimum Opening Balance
· No Monthly Maintenance Fee
· Six withdrawals or transfers per month with no fee
· Each excess withdrawal or transfer over the allowable six per month will incur a $15.00 fee
· Interest accrues daily and is credited monthly**
*ATM surcharge refunds are aggregated per debit card.
**Please contact us for our schedule of fees.
***Please contact us for our most recent rate sheet.
Trustar CD
A Certificate of Deposit is a simple and secure savings option with competitive rates that are guaranteed for your chosen CD term.
· Fixed rates
· Compounded Monthly
Penalty for early withdrawal
Fees may reduce earnings
Trustar IRA
Save money for retirement in a tax-advantaged way with an IRA that allows an individual to save with tax-free growth or on a tax-deferred basis.
· Traditional
· Roth
Consult your tax advisor to explore the best IRA solution for you.
Insured Cash Sweeps (ICS)
Leverage the partnership of over 3,000 other financial institutions, maximizing your FDIC coverage while still giving you the convenience of working with Trustar. ICS is a great vehicle for consolidating multiple accounts into one, multi-million dollar interest-bearing account with full FDIC insurance (through third party).
· Daily Liquidity
· Earn Interest
Certificate of Deposit Registry Service (CDARS)
CDARs are the most convenient way to access FDIC insurance on multi-million-dollar CD deposits while earning CD-level rates. Spread your money among various banks, staying below FDIC insurance limits, with the convenience of still working with Trustar.
· Variety of Terms
· Competitive Interest Rate
• Free Online and Mobile Banking
• Free Mobile Deposit
• Free Bill Pay
• Free Mastercard Debit Card
• Free Online Statements
• Free Combined Statements Available
• Waived ATM Fees*
For more information about our personal savings products and current rates, please contact us at (703) 547-4700.