TruMark Financial CU Money Market Special Earns Guaranteed 2.00% APY

POSTED ON BY

Deal Summary: Money Market Account Special, 2.00% APY, $2.5k min/$250k max deposit, new money, six-month rate guarantee.

Availability: Residents of the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia.

TruMark Financial Credit Union (TruMark Financial) is currently offering a Money Market Account Special, which earns 2.00% APY on balances of $2.5k and above. The minimum opening deposit is $2.5k of new money, defined as “funds not on deposit” at TruMark Financial.

The 2.00% APY is guaranteed for six months following account opening. Following the six-month period, the “rate shall be adjusted to current Maximizer money market account rate,” which currently ranges between 0.25% APY and 0.65% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.00%$2.5k-TruMark Financial Credit UnionIRA Money Market Account Special (Traditional, Roth, CESA)
2.00%$2.5k$250kTruMark Financial Credit UnionMoney Market Account Special - New Money (In Branch Only)
Rates as of January 24, 2020.

This special is also available as IRA Money Market Account Special (Tradtional, Roth, CESA), earning the same APY with the same six-month rate guarantee and funding requirements.

Money Market Account Special Facts

  • There are limited check-writing privileges, with free checks provided.
  • A monthly $10 service fee can be avoided by maintaining a $2.5k minimum daily balance.
  • Interest will be paid only if the $2.5k minimum balance requirement is met.
  • There is a $5 account closing fee if the account is closed within 90 days of opening.
  • While there is a limit of six automatic or pre-authorized transfers or withdrawals per month, in-person withdrawals or transfers are not limited.

Availability

Headquartered in Fort Washington, Pennsylvania, TruMark Financial Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, volunteer, or attend school in the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, or Philadelphia eligible for membership.

Immediate family members of a current TruMark Financial member are also eligible to join. Immediate family is defined as spouse, parent/step, sibling, child/step, grandparent, and grandchild.

Joining TruMark Financial can be done online or at any of 23 Pennsylvania branches located in Conshohocken, Downingtown, Doylestown, Fort Washington, Horsham, Jenkintown, Levittown, North Wales, Philadelphia (6), Phoenixville, Richboro, Springfield, Trevose, Trooper, Upper Darby, Warrington, Wayne, and West Chester.

The Money Market Account Special must be opened at any of the above mentioned branch locations.

Your $5 deposit into a regular savings account represents your “share” of the credit union and must be maintained to retain membership and utilize the credit union’s services.

TruMark Financial participates in the STARsf ATM network. (Note: not all STAR branded ATMs are part of the STARsf surcharge-free program.) As a member of the CO-OP Share Branch network,

You can also access your TruMark Financial accounts at more than 5,000 locations nationwide. The Shared Branching network currently consists of more than 5,000 locations nationwide, including more than 200 in Pennsylvania, Delaware, and New Jersey.

Credit Union Overview

TruMark Financial Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.24% (excellent) based on June 30, 2019 data. In the past year, TruMark Financial has increased its total non-brokered deposits by $136.37 million, an excellent annual growth rate of 7.48%. Please refer to our financial overview of TruMark Financial Credit Union (NCUA Charter # 66158) for more details.

Chartered in 1939 as the Philadelphia Telco Credit Union, its stated mission was "To help members reach their financial well-being" and "To be the first place our members turn for all their financial needs." After 64 years of serving the employees of Bell Telephone Company of Pennsylvania, adopting a community charter greatly expanded the FOM. As a result of that charter change, the Philadelphia Telco Credit Union became TruMark Financial Credit Union in 2003. With nearly 121,000 members, TruMark Financial is currently the sixth largest credit union in Pennsylvania, with assets in excess of $2.3 billion.

How the Money Market Account Special Compare

When compared to 292 Money Market Accounts tracked by DepositAccounts.com that are available within the FOM, and have a minimum balance requirement of $2.5k or less (and without a low balance cap), TruMark Financial Credit Union's Money Market Account Special APY currently ranks sixth. The six-month rate guarantee only adds to the Money Market Account Special’s intrinsic value.

The above rates are accurate as of 10/16/2019.

Looking for the best Money Market Account rates, either nationwide or state specific? Please refer to our Money Market Account Rates Table page.

Related Pages: Philadelphia money market accounts, money market accounts

Comments
TruMark Financial Credit Union (PA) Ups 36-Month Jumbo CD
Deal Summary: Jumbo CDs, $75k minimum – 36-month (3.20% APY), 48-month (3.25% APY), and 60-month (3.30% APY). CDs, $500 minimum – 36-month (3.15% APY), 48-month (3.20% APY), and 60-month (3.25% APY).

Availability: Residents of the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia.

TruMark Financial Credit Union (TruMark Financial) has started the last week of August by raising the rates on its long-term CDs ($500 minimum) and Jumbo CDs ($75k minimum). The 36-, 48-, and 60-month Jumbo CDs added 15, 20, and 25 bps, respectively.

...
Continue Reading
TruMark Financial CU (PA) Raises 60-Month CD Rates
Availability: Residents of the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia.

At the end of last week, TruMark Financial Credit Union (TruMark Financial) raised the rate on its 60-month Jumbo CD (2.30% APY, $75k minimum) and 60-month CD (2.25% APY, $500 minimum).

In the past two months, both CDs have experienced three rate increases, with each CD adding 35 basis points to their APY.

As stated in TruMark Financial’s Truth in Savings Disclosure brochure, the Early Withdrawal Penalty reads as follows:

Continue Reading
TruMark Financial CU (PA) Offers Up to $150 New Checking Bonuses
Availability: Residents of the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia

For a limited time, TruMark Financial Credit Union (TruMark Financial) is offering up to $150 in bonuses when opening a new checking account and completing any or all of the following actions within 90 days of account opening,

    Direct Deposit of at least $300 per month - $50

    10 signature-based debit card transactions - $50

    Make one mobile deposit with TruMark Financial's mobile app - $20

    Pay one bill using online Bill Payer - $10

Continue Reading
TruMark Financial CU (PA) Has Top Rate Long-Term CDs
Availability: Residents of the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia

Just when you didn’t expect too much to happen on a scorching hot July weekend, TruMark Financial Credit Union (TruMark Financial) raises the rates on its long-term CDs: 36-month CD (2.25% APY), 48-month CD (2.50% APY), an 60-month CD (2.75% APY).

The minimum opening deposit of $500, and while there is no maximum balance cap stated, TruMark Financial’s Jumbo CDs (with significantly lower APYs) require a $75K minimum deposit. I will verify the...

Continue Reading
TruMark Financial CU (PA) Has High Rate 13-Month Promo CD
Availability: Residents of Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia

In early June, TruMark Financial Credit Union (TruMark Financial) added a new 13-month Promo CD and then three weeks later, raised the rate by 10 basis points to 1.35% APY. This limited time offer requires a minimum opening deposit of $500 (new money only), with no maximum balance cap.

As stated in TruMark Financial’s Truth in Savings Disclosure brochure, the Early Withdrawal Penalty reads as follows:

Availability

Membership eligibility in TruMark Financial Credit...

Continue Reading

More Past Offers



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.