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Intrust Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Intrust Bank Savings
0.55% APY

Intrust Bank can trace its roots back to Kansas in the 1800s. It has existed in several forms such as as the Farmers & Merchants Bank and the First National Bank in Wichita. Today, it stands as Intrust Bank and still serves communities throughout Kansas. In fact, it remains the largest independent bank headquartered in the state. But despite its geographic restrictions, it offers the same types of products as its national counterparts. You can find checking and savings accounts, as well as certificate of deposit (CD) options and individual retirement accounts (IRAs). Staying true to its community values, the bank often works with existing agencies and neighborhood residents to stimulate surrounding economies. You can find more than 40 Intrust branches scattered throughout the Wheat State.

Products Offered

Product Key Features
Savings Account
  • Two options that offer a couple of opportunities to waive monthly fees
  • One option specifically designed for children younger than 18
Certificates of Deposit
  • Choose terms ranging from seven days to five years
  • Generous interest rates overall
  • Jumbo options available
Money Market Accounts
  • One account with an interest rate that climbs with balance
IRA
  • Choose from fixed-interest IRA and Roth IRAs
  • Variable option allows you to make additional deposits
Checking Accounts
  • Numerous choices and several opportunities to waive monthly service fees

Intrust Bank Interest Rate Comparison

Regular Savings

Key Features Details
Minimum Deposit $100
Access to Your Savings Account Online, mobile and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $5 monthly service fee unless you meet a minimum balance requirement
Current Terms and Rates 0.55% APY

Although it doesn’t offer the strongest interest rate, the Regular Savings account by Intrust Bank offers a great degree of flexibility. For example, you can waive its $5 monthly service fee by keeping a minimum average collected account balance of $300. You also get access to free online banking. Overall, it’s a straightforward savings account that’s easy to manage. 

But if you’re looking for higher rates and additional features, you may find more appealing options by comparing savings accounts from banks in your area as well as those at online institutions with no geographic requirements. 

Youth Savings

Key Features Details
Minimum Deposit $10
Access to Your Savings Account Online, mobile and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees No monthly service fee
Current Terms and Rates 0.15% APY

If you’re under the age of 18 or have a child in that age range, you might be interested in opening a Youth Savings account. Intrust Bank offers this option to encourage children to start learning about the value of saving and practicing it as early as possible. This account earns interest on the entire balance and charges no monthly service fee. So account holders don’t lose anything they’re putting in. 

Plus, the account converts to a Regular Savings option as soon as the child turns 18 in order to keep savings growing. But if you’re interested in learning more about the features and benefits of savings accounts designed for children, you can check out the best savings accounts for kids which we have analyzed for you.

Compare Intrust Bank to Other Competitive Offers

Certificates of Deposit (CDs)

Key Features Details
Minimum Deposit
  • For regular CDs: $500
  • For Jumbo CDs: $100,000
Access to Your CD Account Online, mobile and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees No monthly fee, but early withdrawal penalties may apply.
Current Terms and Rates
  • 90 to 179 Days: 0.55% APY
  • 180 - 269 Days: 0.60% APY
  • 270 - 364 Days: 0.65% APY
  • 12 Months: 2.50% APY
  • 13 - 17 Months: 1.52% APY
  • 18 - 23 Months: 1.73% APY
  • 24 - 35 Months: 2.20% APY
  • 36 - 47 Months: 2.25% APY
  • 48 - 59 Months: 2.40% APY
  • 60 Months: 2.70% APY
For Jumbo CDs 
  • 7 - 31 Days: 0.35% APY 
  • 32 - 89 Days: 0.35% APY
  • 90 - 179 Days: 0.55% APY
  • 180 - 269 Days: 0.60% APY
  • 270 - 364 Days: 0.65% APY
  • 12 Months: 2.50% APY
  • 13 - 17 Months: 1.52% APY
  • 18 - 23 Months: 1.73% APY
  • 24 - 35 Months: 2.20% APY
  • 36 - 47 Months: 2.25% APY
  • 48 - 59 Months: 2.40% APY
  • 60 Months: 2.70% APY

You can open certificate of deposit (CD) accounts or Time Deposits as they are called at Intrust Bank for terms stretching from 90 days to five years. You can even open a jumbo CD with a minimum deposit of $100,000 for as little as seven days. 

Most CDs automatically renew with the same terms and interest rate at the time. However, you have a 10 calendar day period after your term ends to withdraw your money penalty free. But be warned, the bank will charge substantial early withdrawal penalties if you take your money out before your CD reaches maturity. The severity of that penalty depends on the term of your CD and the time you decide to make the early withdrawal. Contact a local branch for more information. 

Money Market Savings

Key Features Details
Minimum Deposit $5,000
Access to Your Money Market Account Online, mobile and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $10 monthly service fee unless you meet a minimum balance requirement
Current Terms and Rates
  • $0 - $4,999: 0.45% APY
  • $5,000 - $9,999: 0.50% APY
  • $10,000 - $24,999: 0.60% APY
  • $25,000 - $49,999: 0.65% APY
  • $50,000 - $99,999: 0.80% APY
  • $100,000 - $999,999: 0.95% APY
  • $1 million +: 1.20% APY

Intrust Bank offers a straightforward money market account. It collects interest on a tiered basis. However, you need to maintain a minimum balance of $1 million to earn its highest current APY of 0.75%. You may find higher rates with less restrictions at other banks when you compare money market accounts.  

Individual Retirement Account (IRA)  

Key Features Details
Minimum Deposit
  • $500 for regular traditional or Roth IRAs ($200 for 12 months and for 13 - 18 months)
  • $1,000 for IRA Money Market
  • $100,000 for large IRA accounts and large IRA Money Market
Access to Your IRA Online, mobile and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees No monthly service fee, but early withdrawal penalties will apply 
Current Terms and Rates
  • 90 - 179 Days: 0.55% APY
  • 180 - 269 Days: 0.60% APY
  • 270 - 364 Days: 0.65% APY
  • 12 Months: 2.50% APY
  • 13 -18 Months: 1.52% APY
  • 19 - 23 Months: 1.73% APY
  • 24 - 35 Months: 2.20% APY
  • 36 - 47 Months: 2.25% APY
  • 48 - 59 Months: 2.40% APY
  • 60 Months: 2.70% APY
  • IRA Money Market: 0.35% APY
Large traditional and Roth IRAs 
  • 90 - 179 Days: 0.55% APY
  • 180 - 269 Days:  0.60% APY
  • 270 - 364 Days: 0.65% APY
  • 12 Months: 2.50% APY
  • 13 - 18 Months: 1.52% APY
  • 19 - 23 Months: 1.73% APY
  • 24 - 35 Months: 2.20% APY
  • 36 - 47 Months: 2.25% APY
  • 48 - 59 Months: 2.40% APY
  • 60 Months: 2.70% APY
  • IRA Money Market: 0.35% APY

Intrust Bank offers several ways you can save for retirement. For example, you can open a traditional individual retirement account (IRA) or a Roth IRA with fixed interest rates. By investing in an IRA, your earnings grow tax-free until you make qualified withdrawals when you're at least age 59.5. Plus, your contributions may be tax deductible. With a Roth IRA, qualified withdrawals are tax free. But you contribute after-tax dollars toward these accounts so it won’t reduce your taxable income. 

At Intrust Bank, these accounts function much like IRA CDs. You lock in your money for a fixed interest rate for a set amount of time. However, Intrust goes a step further by offering an IRA money market CD. This option allows you to make additional deposits of at least $100 after opening your account. 

But to figure out which option best serves your individual needs, you should seek a qualified tax or financial advisor. Our find a financial advisor tool can link you to professionals in your area based on your preferences and financial goals. It asks you a few simple questions before recommending up to three local advisors. You can then review their qualifications and even set up interviews before making your decision. 

Essential Checking

Key Features Details
Minimum Deposit $100
Access to Your Checking Account Online, mobile and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $10 monthly maintenance fee unless you meet certain requirements

The Essential Checking account is a straightforward banking product that gives you plenty of opportunities to avoid its costly $10 monthly service fee. The bank will waive it if you meet any one of the following per statement cycle: 

  • Keep a minimum average collected balance of $1,000
  • Make monthly direct deposits of at least $250
  • Be 26 years old or younger

In addition, the bank waives the fee for those who are younger than 26. All of Intrust Bank checking products offer the following free benefits. 

Intrust Bank will also provide you with 25 free domestic deposits per month. It would charge 25 cents for additional deposits in that time frame. 

Intrust Advantage Checking

Key Features Details
Minimum Deposit $100
Access to Your Checking Account Online, mobile and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $15 monthly service fee unless you meet certain requirements
Current Terms and Rates 0.15% APY

The Intrust Advantage Checking account offers the same benefits as its Essential counterpart. However, this interest-earning account also offers the following features free of charge. 

  • Personal checks
  • Cashier's checks
  • ATM fee reimbursements (up to $6 in rebates on Intrust's fees and up to $6 in refunds on fees other banks assess in a statement cycle) 

You can also avoid its $15 monthly service fee by maintaining a minimum combined deposit of $10,000 with Intrust Bank. This covers all your checking, savings and money market accounts as well as the principal on your CD and/or IRA.

A quick note on ATM reimbursements. These will be reported to the IRS as interest earnings. And fees will be credited to your account as a lump sum when the statement period ends. 

Intrust Elite Checking

Key Features Details
Minimum Deposit $100
Access to Your Checking Account Online, mobile and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $30 monthly maintenance fee unless you meet certain requirements
Current Terms and Rates 0.25% APY

Intrust Elite Checking stands as the bank’s premier checking option. And it may suit the more affluent. This account generates interest and provides you with unlimited ATM fee refunds. So if you’re tired of those piling up, this account will reimburse you. However, it does charge a substantially high $30 monthly service fee. Luckily, the bank waives it if you meet the following requirements.

  • Maintain a combined deposit account balance of at least $100,000
  • Have a qualifying Intrust Wealth account

In addition, this account comes with unlimited free personal checks in any design offered by the bank as well as cashier’s checks. 

Nonetheless, the Intrust Elite Checking account doesn’t offer the strongest rates around. You may find higher APYs and features by checking out the best checking accounts we’ve explored in the market today.

Branch Locations

Intrust Bank runs more than 40 branches throughout Kansas, where it planted its roots more than a century ago. You can reach a customer service representative by dialing 316-383-1234 or 800-895-2265.

Financial Statistics & Bank Health Rating

Intrust Bank has $5.12 billion in assets and $2.97 billion in loans, according to the FDIC. It also holds onto $3.98 billion deposits. If you’re considering contributing to those deposits, a good representation of any bank’s reliability is its Texas Ratio, an industry-recognized metric. Any bank with one that dips below 5% is deemed as excellent. Luckily, Intrust Bank boasts a noteworthy ratio of 1.93%. 

Note: These rates apply to branches in South Central Kansas, where Intrust Bank is based. They are accurate as of June 29, 2018. These are subject to change. Contact your local branch for the latest information. 

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