4.40% 12-Month / 4.50% 60-Month CD at an Arizona/Texas CU (TruWest).

Update 3/22/08: The CD rates have gone down. Please check the financial institution's website for the latest rates.

TruWest Credit Union is offering a 4.40% APY 12-month jumbo certificate. The minimum deposit is $100,000. The yield is 4.15% APY for a $20,000 minimum and 4.05% APY for a $1,000 minimum. TruWest also has competitive certificate rates on other terms; the highest yield is 4.50% APY for a 60-month term and a minimum deposit of $20,000. Except for the jumbo 12-month term, the IRA investment certificates have rates that are 5 basis points higher

Field of membership includes those who live in Maricopa County and parts of Pinal County, Arizona. Also, it includes those who live in Travis County and parts of Williamson County. You can also be eligible to join via Select Employer Groups and via family. See site for details. Membership requires a minimum $25 deposit into the savings account.

TruWest has branches in Phoenix, Mesa, Chandler and Scottsdale of Arizona and in Austin, Texas. The credit union is federally insured by the NCUA (Charter # 63832). It has $798.3 million in assets and 70,146 members.

Tags: Truwest Credit Union, Arizona, CD rates, IRA rates, Texas