TruWest Credit Union has a special certificate available for a limited-time only that has a yield greater than 2.00% rate of return and a term that runs just over a year.  The rate and term in this account hits the sweet spot for savers and investors looking for a secure rate of return without tying up their funds for a long-term commitment.

While certificates of deposits generally offer term options from a few months to a few years, with interest rates looking to continue their move higher, selecting accounts with shorter terms is a growing concern for rate shoppers.  With a term of 14 month, the TruWest certificate involves a relatively short-term commitment.  The interest rate on the account of 2.25% is just over seven times the average rate found on one-year bank CDs and almost five times the average bank CD rate offered on two-year certificates.

The high rate offered is compounded daily.  There is a low minimum opening deposit requirement of only $1,000.00.  Unfortunately, there is a maximum balance of $50,000.00 allowed on this account.  Must be a TruWest member with a minimum $5.00 deposit to obtain the promotional CD at TruWest.  Membership eligibility is based upon geographic area or employment.

Additional certificates of deposit are available.  TruWest offers several different tiered rates and terms with maturities or term options from 6-60 months.

TruWest’s CD rate promotion on the 14-month certificate is valid as of 2/28/2018 and subject to change without notice.  Limit one certificate per primary membership.  Additional terms and restrictions may apply.  Automatic renewal to 12-month term at the current dividend rate in effect at the time of renewal.  A penalty may be imposed for early withdrawal.

More information about the credit union CD rates can be obtained by calling a TruWest Credit Union customer service representative at call (480) 441-5900 or 1 (855) 878-9378.  TruWest Credit Union has branches in Arizona and Texas serving members in the Phoenix and Austin areas.  The credit union currently operates 12 branch locations between Arizona and Texas.

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