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Truwest Credit Union

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 parts of Pinal County, Arizona. Also, it includes those who live in Travis County and parts of Williamson County. 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 and Scottsdale of Arizona and in Austin, Texas. The credit union is federally insured by the NCUA. It has $831 million in assets and 67,332 members.

Thanks to the reader who emailed me the info on this special.

Related Pages: Truwest Credit Union, Austin, Phoenix, CD rates, IRA rates

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C (anonymous)   |     |   Comment #1
one nice feature of these "certificates" with TruWest is that the credit union allows you to effectively close the account anytime prior to the maturity date (via a one-time penalty-free withdrawal). However, it seems that some of their specials don't have this feature, so it's definitely YMMV and anybody who is eligible for the deal should check it out first...