Trego-WaKeeney State Bank Rates & Review

Trego-WaKeeney State Bank Review

The Trego-WaKeeney State Bank was established in 1951 to serve the financial needs of businesses and individuals in Trego County, Kansas.

Headquartered in the county seat of WaKeeney, Trego-WaKeeney State Bank is a full-service community bank that provides a variety of savings and checking account products for its personal and commercial customers. In addition, the bank offers ATM/debit cards, CDs, IRAs, loans, safe deposit boxes and free online banking. The bank reported assets of $57.6 million in 2009.

Checking account choices

A regular checking or student checking account at Trego-WaKeeney State Bank does not incur a maintenance fee if a minimum balance is kept. The regular checking account offers unlimited check writing. The NOW account is an interest earning account that has the conveniences of regular checking. The money market account allows six transfers per month and earns best money market rates of interest if a minimum daily collected balance is maintained.

Savings products

Customers can earn interest that is compounded and paid quarterly with a regular savings account at Trego-WaKeeney State Bank. Other savings choices include a variety of CDs that range in maturity from 7 days to 3 years. The interest may be added back to the CD or paid by check or direct deposit into an existing bank account. Customers can also purchase either a traditional or Roth IRA.

Loans

With the assistance of the bank's loan officers, personal clients of Trego-WaKeeney State Bank can arrange financing for cars, boats, real estate, RVs and personal expenses. Commercial customers can choose from a variety of financing packages that will help them to manage their business more efficiently and profitably. With their understanding of farming and ranching, the bank also specializes in agriculture loans.

Deposit insurance

The Trego-WaKeeney State Bank has been insured by the Federal Deposit Insurance Corporation since its establishment in 1951. FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor in July 2010. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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