TruMark Financial Credit Union (PA) Ups 36-Month Jumbo CD

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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.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.30%$75k-TruMark Financial Credit Union60 Month Jumbo CD
3.25%$75k-TruMark Financial Credit Union48 Month Jumbo CD
3.20%$75k-TruMark Financial Credit Union36 Month Jumbo CD
Rates as of September 20, 2018.

The “regular” CDs earn a uniform 5 bps lower than their Jumbo CD counterparts.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.25%$500-TruMark Financial Credit Union60 Month CD
3.20%$500-TruMark Financial Credit Union48 Month CD
3.15%$500-TruMark Financial Credit Union36 Month CD
Rates as of September 20, 2018.

Bonus Points

According to the Truth-in-Savings Disclosure,

Members that maintain a Premium or Smart Start Checking account are automatically entitled to a bonus of five (5) basis points which does not apply to Bump-Up Certificates of Deposit.

In other words, you can earn the equivalent of a Jumbo CD APY if you maintain a checking account. The Smart Start Checking account is for members age 26 and under, but the Premium Checking account is available to any member.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.15%$5k-TruMark Financial Credit UnionPremium Checking
0.15%--TruMark Financial Credit UnionSmart Start Checking
Rates as of September 20, 2018.

Interest is paid only for the days of the month the minimum daily balance requirement ($5k) is met. There is no minimum opening deposit for the Premium Checking, and the $15 monthly maintenance fee is waived if you either maintain,

a $5,000 average checking account balance, OR

$25,000 average relationship balance (includes deposits and/or consumer loans)

CDs with deposits between $25k and $74k qualify to earn the Jumbo CD APY, if a Premium Checking account is maintained.

The long-term CDs are also available as Fixed Rate IRAs (Traditional, Roth, CESA), earning the same “regular” APYs and requiring a $500 minimum deposit.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.25%$500-TruMark Financial Credit Union60 Month Fixed Rate IRA (Traditional, Roth, CESA)
3.20%$500-TruMark Financial Credit Union48 Month Fixed Rate IRA (Traditional, Roth, CESA)
3.15%$500-TruMark Financial Credit Union36 Month Fixed Rate IRA (Traditional, Roth, CESA)
Rates as of September 20, 2018.

The 48-month CD is also offered as a Bump-Up CD and Bump-Up IRA, with the option of two rate increases during the term.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.20%$500-TruMark Financial Credit Union48 Month Bump-Up IRA (Traditional, Roth, CESA)
3.20%$500-TruMark Financial Credit Union48 Month Bump-Up CD
Rates as of September 20, 2018.

Members may request a bump on their existing Bump Up CD by contacting TruMark Financial’s Member Service Center or visiting a branch. Rate will be applied for remaining term of the account and will not be applied retroactively, nor extend the maturity date.

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

The amount of penalty is as follows: terms greater than 12 months - 180 days of interest.

Availability

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

Joining TruMark Financial and/or opening a CD can be done online or at any of 22 Pennsylvania branches located in Conshohocken, Downingtown, Doylestown, Fort Washington, Horsham, Jenkintown, Levittown, North Wales, Philadelphia (6), Richboro, Springfield, Trevose, Trooper, Upper Darby, Warrington, Wayne, West Chester.

Credit Union Overview

TruMark Financial Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 2.71% (excellent) based on March 31, 2018 data. In the past year, TruMark Financial has increased its total non-brokered deposits by $129.11 million, an excellent annual growth rate of 7.68%. 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, changing to a community charter expanded the field of membership. As a result of that charter change, the Philadelphia Telco Credit Union became TruMark Financial Credit Union in 2003. With more than 115,300 members, TruMark Financial is currently the sixth largest credit union in Pennsylvania, with assets in excess of $2.1 billion.

How the CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to residents of Southeast Pennsylvania, TruMark Financial Credit Union’s 36-month Jumbo CD and CD APYs currently rank second and third respectively, regardless of minimum deposit.

Interest RateCD Length of TermCredit Union/Bank
3.25% APY36-Month CD Special ($500 min)USALLIANCE Financial
3.20% APY36-Month Jumbo CD ($75k min)TruMark Financial Credit Union
3.15% APY36-Month CD ($500 min)TruMark Financial Credit Union

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to residents of Southeast Pennsylvania, TruMark Financial Credit Union’s 48-month Jumbo CD and CD APYs currently rank third and fourth respectively, regardless of minimum deposit.

Interest RateCD Length of TermCredit Union/Bank
3.30% APY46-Month CD Special ($500 min)Fort Knox Federal Credit Union
3.29% APY4-Year CD ($500 min)KS StateBank
3.25% APY48-Month Jumbo CD ($75k min)TruMark Financial Credit Union
3.20% APY48-Month CD ($500 min)TruMark Financial Credit Union

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to residents of Southeast Pennsylvania, TruMark Financial Credit Union’s 60-month Jumbo CD and CD APYs currently rank third and fifth respectively, regardless of minimum deposit.

Interest RateCD Length of TermCredit Union/Bank
3.53% APY60-Month Share Certificate ($60k min)United State Senate Federal Credit Union
3.37% APY5-Year CD ($500 min)KS StateBank
3.30% APY60-Month Jumbo CD ($75k min)TruMark Financial Credit Union
3.35% APY60-Month CD ($500 min)TruMark Financial Credit Union

The above rates are accurate as of 8/28/2017.

To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

Related Pages: Philadelphia CD rates, 5-year CD rates

Comments
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:

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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...

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

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TruMark Financial Credit Union (Pennsylvania) has two CDs with very attractive rates: 48-month CD (2.00% APY) and 60-month CD (2.35% APY). Both CDs have a minimum opening deposit of $500, with no maximum balance cap, and are available as IRAs (Traditional, Roth, and CESA).

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As stated in TruMark Financial Credit Union's Certificate of Deposit Disclosure, the Early Withdrawal Penalty is as follows:

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