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.
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.
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.