TruWest Credit Union (AZ/TX) Adds Limited-Time 11-Month CD

POSTED ON BY

Deal Summary: 11-month Investment Certificate, 2.50% APY, $1k min/$50k max, limit one per primary membership.

Availability: Residents of Maricopa, Pinal, Pima, and Yavapai Counties, Arizona, and Travis and Williamson Counties, Texas.

TruWest Credit Union (TruWest) began June by adding an 11-month Investment Certificate that earns 2.50% APY. This limited-time offer requires a minimum $1k deposit, and is capped at $50k. There is also a limit of “one certificate per primary membership.”

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.50%$1k$50kTruWest Credit Union11 Month Investment CD Special
Rates as of July 17, 2018.

While the $50k balance cap does temper the Investment Certificate’s competitiveness, this offering doesn’t require a checking relationship, unlike previous TruWest specials.

According to the FAQs page, the Early Withdrawal Penalty on the 11-month Investment Certificate is 180 days interest.

As stated on the Investment Certificate promotion page, the 11-month has a ten-day grace before automatically renewing,

to a 6-month term at the current dividend rate in effect at the time of renewal.

The current rate for the 6-month CD is 1.10% APY.

FYI – the term “Investment Certificate” can be a bit misleading, as I’ve seen it used to describe CDs that permit additional deposits. In this instance, TruWest uses the word “Investment” to simply distinguish a special Certificate from its regular product line.

Availability

Headquartered in Tempe, Arizona, TruWest Credit Union’s field of membership (FOM) was originally open to Motorola Corporation employees only. About 15 years ago, the FOM was expanded to include residency as a qualification for membership.

Arizona Residency: Individuals who live, work, or own a business in the counties of Maricopa, Pinal, Pima, or Yavapai are eligible to join.

Texas Residency: Individuals who live, work, own a business, or attend school in Travis or Williamson Counties qualify.

Relationship: Family members (defined as spouse, child, parent, grandparent, sibling, including adoptive, in-law, and step-relations) of current TruWest members also qualify for membership. The online application’s definition of “family members,” includes “anyone covered under Motorola benefits.” The last time I wrote about TruWest, employees and retirees of Motorola, Freescale, ON Semiconductor, or General Dynamics Decision Systems were membership eligible. The How to Join page no longer specifically lists any of those companies.

Joining TruWest and/or opening an Investment Certificate can be done online or at any of the nine Arizona branches located in Chandler, Gilbert, Mesa (2), Phoenix, Scottsdale (2), and Tempe (2), or the four Texas branches in Austin (3) and Round Rock. The newest Austin branch (Slaughter Lane) opened a few months ago.

Credit Union Overview

TruWest Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.59% (excellent) based on March 31, 2018 data. In the past year, TruWest has increased its total non-brokered deposits by $59.48 million, an excellent annual growth rate of 6.79%. Please refer to our financial overview of TruWest Credit Union (NCUA Charter # 63832) for more details.

Established in 1952 as the Motorola Credit Union, the FOM did not expand beyond employment with Motorola until 2002, when membership was extended to the residents in the East Valley of metro Phoenix. The TruWest name was approved in 2003 and in 2004, the FOM expanded into Maricopa County, AZ, and Travis County, TX. TruWest Credit Union is currently the sixth largest credit union headquartered in Arizona, with more than 85,200 members and assets in excess of $1 billion.

How the Investment Certificate Compares

When compared to the similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the FOM, TruWest Credit Union’s 11-Month Investment Certificate APY currently shares the top spot with Connexus Credit Union’s 12-month Certificate.

The above rates are accurate as of 6/6/2018.

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

Related Pages: Austin CD rates, Phoenix CD rates, 1-year CD rates

Comments
TruWest CU (AZ/TX) Adds Limited-Time 14-Month CD
Deal Summary: 14-month Investment Certificate, 2.25% APY; $1k min/$50k max, limit one per membership.

Availability: Residents of Maricopa, Pinal, Pima, and Yavapai Counties, AZ, and Travis and Williamson Counties, TX; four SEGs.

For a limited time, TruWest Credit Union (TruWest) is offering a 14-month Investment Certificate (2.25% APY). The minimum opening deposit is $1k, with a maximum balance of $50k. There is also a limit of “one certificate per primary membership.”

While the $50k balance cap could be considered a shortcoming, the 14-month Investment Certificate does...

Continue Reading
TruWest CU (AZ/TX) Debuts Limited-Time 9-Month CD
Deal Summary: 9-month CD, 1.75% APY; $1k min/$250k max; checking relationship required.

Availability: Residents of Maricopa, Pinal, Pima, and Yavapai Counties, AZ, and Travis and Williamson Counties, TX; six SEGs.

For a limited time, TruWest Credit Union (TruWest) is offering a 9-month Investment Certificate with a “soaring rate” of 1.75% APY. The minimum opening deposit is $1k, and there is a maximum balance of $250k.

The Investment Certificate is also available as an IRA (Traditional) earning the same APY, with the same funding requirements and checking relationship.

Continue Reading
4.40% 12-Month / 4.50% 60-Month CD at an Arizona/Texas CU (TruWest).
Update 3/22/08: The CD rates have gone down. Please check the financial institution's website for the latest rates.

TruWest Credit Union is offering a 4.40% APY 12-month jumbo certificate. The minimum deposit is $100,000. The yield is 4.15% APY for a $20,000 minimum and 4.05% APY for a $1,000 minimum. TruWest also has competitive certificate rates on other terms; the highest yield is 4.50% APY for a 60-month term and a minimum deposit of $20,000. Except for the jumbo 12-month term, the IRA investment certificates have rates that are 5 basis...

Continue Reading
5.75% 11-Month IRA CD at an Arizona/Texas Credit Union is Back (TruWest)
TruWest Credit Union is offering a special 5.75% APY 11-month IRA certificate. The minimum deposit is $1,000. The maximum deposit per person is $250K or $500K per household. The rate is in effect through May 5, 2007. This special doesn't seem to be listed on the credit union's website. A reader emailed me the news of this, and I confirmed it with the customer service yesterday. This same deal was being advertsied in early March but had ended by April.

Field of membership includes those who live in Maricopa County and...

Continue Reading
5.75% 11-Month CD at an Arizona/Texas CU - IRA (TruWest).
TruWest Credit Union is offering a special 5.75% APY 11-month IRA certificate. The minimum deposit is $1,000, and it requires money new to the credit union.

Field of membership includes those who live in Maricopa County and parts of Pinal County, Arizona. Also, it includes those who live in Travis County and parts of Williamson County, Texas. You can also be eligible to join via Select Employer Groups and via family. See site for details. Membership requires a minimum $25 deposit into the savings account.

TruWest has branches in Phoenix, Mesa, Chandler...



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 feedback@depositaccounts.com 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.