Futuretrust Checking Rewards RATES
Product interest rates effective as of .
Deposit processing services offered through this site are provided by Waterfield Bank. Rates subject to change and are only available through this site.
| Product | Minimum Opening Balance |
Minimum Balance to Earn Interest |
Rate* | APY* |
|---|---|---|---|---|
| 529 Checking Account** | $500.00 | $0.01 | 1.00% | 1.00% |
How it works: Earn 1.00% APY* on your average daily balance in your Futuretrust Checking Rewards account. This interest will automatically be deposited into your 529 College Savings account each month. You will see how much you have earned towards your 529 College Savings account on your Futuretrust Checking Rewards account monthly statement.
How do I sign up and start saving?
You can apply online by clicking "Open An Account" above or if you prefer, you can print out the application and mail it back to us along with your initial deposit. If you have any questions, feel free to call us at 1-877-472-8400.
*Annual Percentage Yield Calculation: APY = 100 {(1+Interest/Principal) (365/Days in term) -1}. For additional rules of accounts, see the Terms & Conditions.
**Futuretrust Checking Rewards accounts will incur a $10 monthly service fee if the monthly average balance falls below $1,000.
Futuretrust Checking Rewards accounts are variable rate products and rates may change daily without prior notification. Waterfield Bank uses the daily balance method of computing interest, which applies a periodic rate to the full collected amount of principal in the account each day.
Interest earnings on this account are contractually guaranteed to be no less than 1% (one percent) annual percentage yield (APY)