TruStone Financial Has Competitive 20-Month CD Special

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Deal Summary: 20-month CD Special, 2.50% APY, $2.5k minimum, at least 50% of total deposit must be new money.

Availability: Easy membership requirement within the Minnesota and Wisconsin footprint.

Following a recent rate increase of 100 bps, the TruStone Financial Credit Union (TruStone Financial) 20-month CD Special was added to last week’s CD Rates Summary as an NTS (New to Summary) CD. The minimum opening deposit is $2.5k of new money, defined simply as funds not on deposit with TruStone Financial. There is no stated balance cap, but “at least 50% of the total deposit must be new money.”

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.75%$2.5k-TruStone Financial Credit Union20 Month CD Special (50% New Money)
3.75%$2.5k-TruStone Financial Credit Union20 Month IRA Special (50% New money) (Traditional, Roth)
Rates as of May 27, 2025.

The CD Special is also available as an IRA CD Special (Traditional and Roth), earning the same APY with the funding (including a minimum 50% of new money) requirements.

As stated on TruStone’s Deposit Rates page, the Early Withdrawal Penalty reads as follows:

Penalties may be imposed if you withdraw any of the principal in your account before the maturity date.
The penalty will equal 365 days’ dividends on your account if the original term is greater than one year.

Funding and Access Maturing Funds

Funding a CD Special can be done by ACH, wire transfer, or partially from another TruStone Financial account. TruStone Financial participates in the CO-OP Shared Branch network, making the transfer of funds relatively easy. Maturing funds will be distributed through a cashier’s check, wire transfer, or transferred to another TruStone Financial liquid account. There is a 10-day grace period before the 20-month CD Special renews as a “standard 12-month certificate at the rate listed on the current TruStone Financial rate sheet.”

Dividends can be paid out either monthly or quarterly, if so desired.

Unlimited beneficiaries can be designated (equal shares), with Social Security numbers are required for all beneficiaries.

Availability

Headquartered in Plymouth, Minnesota, TruStone Financial Credit Union’s field of membership includes a limited easy membership requirement: a $10 donation to the TruStone Financial Foundation qualifies for membership for those individuals who live in the Minnesota and Wisconsin geographic footprint described below. Joining the Foundation can be done through the TruStone Financial’s online application.

Residency - Individuals who live, work, worship, attend school, or volunteer in any of the following also qualify for membership:

  • Minnesota counties of Anoka, Carver, Chippewa, Chisago, Dakota, Hennepin, Isanti, Ramsey, Redwood, Renville, Scott, Sherburne, Stearns, Washington, Wright, or Yellow Medicine, as well as the community of Atwater
  • Wisconsin counties Kenosha, Pierce, St. Croix, Racine, or Milwaukee.

Employment/Association - Employees (current and retired) and members of more than 40 businesses and organizations are eligible to join.

Educational Community - Members and employees of more than 20 educational organizations qualify for membership.

Complete membership details can be found on the Join TruStone page, or on the first page of the online application.

Joining TruStone Financial and/or opening a CD Special can be done online (there is a “New Account” button at the top of every page of the website) or at any of 20 Minnesota branches* located in Bloomington, Brooklyn Park, Burnsville (2), Chanhassen, Fridley, Golden Valley, Lakeville, Maple Grove (2), Minneapolis (3), Oakdale, Plymouth, Rogers, Roseville, Saint Cloud, Saint Paul, and Shakopee or four Wisconsin branches located in Cudahy, Greenfield, and Kenosha (2).

*Following the 2021 merger with Firefly Credit Union, TruStone Financial now has a branch location within five miles of 80% of its Twin Cities’ membership.

A primary share account ($5 minimum deposit) is required
to become a TruStone Financial member and owner.

Credit Union Overview

TruStone Financial Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.23% (excellent), based on March 31, 2022 data. In the past year, TruStone Financial has increased its total non-brokered deposits by $271.68 million, an excellent annual growth rate of 8.37%. Please refer to our financial overview of TruStone Financial Credit Union (NCUA Charter #24354) for more details.

TruStone Financial Credit Union was established in 1939 as the Minneapolis Federation of Teachers Credit Union by eight teachers. After just a few months of opening its doors, the Credit Union had doubled its membership and held a total of $307 in assets. In May 2021, the membership again doubled when a “merger of equals” between TruStone Financial and Firefly Credit Union was finalized. TruStone Financial is currently Minnesota’s second largest credit union, with more than 200,000 members and assets in excess of $4 billion.

How the 20-Month CD Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, only one credit union has a higher rate than currently offered on the TruStone Financial 20-Month CD Special. The following table compares the 20-Month CD Special to the two highest-rate CDs from other banks, the two highest-rate CDs from other major online banks and the two highest-rate CDs from credit unions.

The above information and rates are accurate as of 7/11/2022.

To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: Minneapolis CD rates, Milwaukee CD rates, 1-year CD rates, IRA CD rates

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