TruStone Financial Credit Union 60-Month CD Still Competitive


Deal Summary: 60-month CD, 2.50% APY, $500 minimum

Availability: Easy membership requirement

One of the NTS (New to Summary) CDs in this week’s CD Rates Summary is the TruStone Financial Credit Union (TruStone Financial) 60-month CD, which currently earns 2.50% APY. Like so many other nationally available CDs, the 60-month CD had a recent rate decrease, but losing only 5 bps has left it in good stead. The minimum opening deposit is $500, with no stated balance cap.

1.70%$500-TruStone Financial Credit Union60 Month CD
1.70%$500-TruStone Financial Credit Union60 Month IRA (Traditional, Roth)
Rates as of June 5, 2020.

The CD is also available as an IRA (Traditional and Roth), earning the same APY with the same funding requirements.

As stated on TruStone’s Savings Accounts & Certificates 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 can be done by ACH, wire transfer, or from another TruStone Financial account. Maturing funds will be distributed through a cashier’s check, wire transfer, or transferred to another TruStone Financial account. There is a 10-day grace period before the CD Special automatically renews.

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

Unlimited beneficiaries can be named, with each receiving equal shares. Social Security numbers are required for all beneficiaries.


Headquartered in Plymouth, Minnesota, TruStone Financial Credit Union’s field of membership is wide and varied, giving virtually any U.S. citizen or resident alien, 18 years or older, an opportunity to join.

Easy Membership - A $10 donation to the TruStone Financial Foundation qualifies for membership. Joining the Foundation can be done through the TruStone Financial’s online application.

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

  • Minnesota counties of Chippewa, Redwood, Renville, and Yellow Medicine;
  • Minnesota community of Atwater and the underserved areas of Minneapolis, St. Cloud (Zip Code 56301), and St. Paul;
  • Wisconsin counties of Kenosha, Milwaukee, or Racine.

Employment/Association - Employees 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.

Relationship - Family members of current TruStone Financial members are also eligible to join.

Complete membership details can be found on the Become A Member page, or on the first page of the online application.

Joining TruStone Financial can be done online, or at any of eleven Minnesota branches located in Burnsville, Golden Valley, Maple Grove, Minneapolis (2), Oakdale, Plymouth, Rogers, Roseville, Saint Cloud, and Saint Paul, or four Wisconsin branches located in Cudahy, Kenosha (2), and Oak Creek.

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

Opening a CD can be done at any of the above mentioned branch locations, or by phone (800.862.1998). You can also open a CD by completing a Contact Me form and “a representative will contact you within one business day.”

TruStone Financial participates in the CO-OP ATM network, but not in the Shared Branching network.

Credit Union Overview

TruStone Financial Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 1.57% (excellent), based on September 30, 2019 data. In the past year, TruStone Financial has increased its total non-brokered deposits by $88.46 million, an excellent annual growth rate of 8.47%. 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. Now in its 81st year of continuous operation, TruStone Financial is Minnesota’s third largest credit union, with nearly 108,000 members and assets in excess of $1.4 billion.

How the CD Compares

When compared to 120 similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationwide, TruStone Financial Credit Union's 60-month CD APY currently ranks second.

The above rates are accurate as of 3/11/2019.

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

Related Pages: Minneapolis CD rates, Milwaukee CD rates, 5-year CD rates, nationwide deals

  |     |   Comment #1
Not sure where the 2.5% is coming from. I'm seeing it's 2.25% Maybe they dropped rates same day.
  |     |   Comment #2
Hehe. A "three hour special" it might have been.
#3 - This comment has been removed for violating our comment policy.
  |     |   Comment #4
Bait & Switch ???
  |     |   Comment #5
This post is confusing. The first sentence says the CD is 2.50% and directly below it in the chart it says the CD is 2.25%. Perhaps a correction is in order.
TruStone Financial Credit Union 20-Month CD Special Earns 2.50% APY
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

TruStone Financial Credit Union’s (TruStone Financial) 20-month CD Special was added to the most recent CD Rates Summary as an NTS (New to Summary) CD. The 2.50% APY has been in effect for almost a year, rising toward rate-leader status as other rates have fallen.

The minimum opening deposit is $2.5k of new money, defined simply as funds not on deposit with TruStone Financial. There...

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TruStone Financial CU Offers TruRate Checking Nationwide
Availability: Easy Membership Requirement

Minnesota-based TruStone Financial Credit Union’s (TruStone) TruRate Checking account has been part of the product line since May 2015. The initial 2.02% APY on qualifying balances up to $20k is still in effect. Balances over $20k and non-qualifying balances earn 0.10% APY.

TruRate Checking Qualification Requirements

  • Must have active Visa credit and debit cards, with at least 12 monthly transactions.
  • Be enrolled in and participate in Online Banking and eStatements.
  • Maintain a minimum daily balance of $2k

Unlike a Kasasa Cash account that has no...

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2.84% 14-Month CD at AM Community Credit Union in Wisconsin - Local Only
AM Community Credit Union is offering some competitive CD specials. These include a 2.84% APY 14-month CD and a 2.99% APY 26-month CD. Minimum deposit is $5,000. The rates are 5 basis points lower for a $500 minimum. These rates are listed in the credit union's rate table as of 6/30/09.

Membership is open to anyone who lives or works in Wisconsin's Kenosha or Racine Counties. Please refer to the credit union's Member Service page for the full details. Membership requires a $5 balance in the share savings account.

The credit union...

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6.00% 12-Month CD at a Minnesota CU (TFCU)
Teacher FCU is offering a 6.00% APY 12-month certificate. The minimum is $500 and the maximum deposit is $100K. A checking account with direct deposit is required. Without checking and direct deposit, the APY is 5.50%.

The field of membership includes anyone who lives, works, worships or attends school in Minneapolis or St. Paul or are related to someone who does.

Branches are located in the Minnesota cities of Apple Valley, Golden Valley, Maple Grove, Renville, Roseville and St. Cloud.

The credit union is NCUA insured. It has $499 million in assets...

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5% 25-Month CD at a Minnesota CU
The Teachers Federal Credit Union (TFCU) is offering a 5.00% 25-month CD. It has a minimum required deposit of $500 and it must be money new to the credit union. TFCU has another CD special which isn't nearly as good. That special has a rate of 4.25% APY and a term of 18 months with a minimum required deposit of $5K.

TFCU's field of membership includes anyone who lives, works, worships or goes to school in Minneapolis or St. Paul, Minnesota. It has 8 branches around the metro area of Minneapolis...

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