60-month CD, 1.00% APY, minimum deposit $500, dividends paid monthly
Trumark’s Top CD Rates
Trumark’s top CD rate is 1.00% APY. This rate is offered on the credit union’s 60-month CD with a minimum deposit of $500. The dividends earned on this CD are paid monthly.
The 48-month CD is a great alternative. The account offers an 0.90% APY with a $500 minimum deposit. This account also pays you your dividends monthly. The monthly payout of dividends is beneficial because it serves as additional income. The more money you invest in a CD, the higher the dividends will be.
For short-term investors the credit union offers a 6-month CD. This CD offers an annual percentage yield of 0.35%. This CD is also obtainable with a $500 minimum deposit. Again, this account is paid out on a monthly basis.
Trumark offers ten CDs. Each of these CDs can be opened with a $500 minimum deposit. You are always welcome to invest more, but you don’t have to. These CD terms vary from 6 to 60-months. The APY starts at 0.35% and builds to 1.00%. Each of Trumark’s CD accounts is subject to early withdrawal penalties.
You must be a member of the Trumark to open a CD. This means that you will need to open a checking or savings account. Aside from that, you must also be a resident of Bucks, Chester, Delaware, Montgomery and Philadelphia counties to join.
Branches in Pennsylvania
Fort Washington, Horsham, Jenkintown, Philadelphia, Conshohocken, North Wales, Warrington, Trooper, Richboro, Trevose, Doylestown, Wayne, Upper Darby, Newtown, Phoenixville, Springfield, Malvern, Levittown, West Chester, and Downingtown.
Trumark was founded in 1939 thanks to employees of Bell Telephone Company. Since then, Trumark has continued to grow and grow and is now the primary source of savings, transaction, and credit services for its community.
The bank is non-for-profit and is owned by its own members. As a result, members benefit from competitive rates, higher investment returns, and fewer fees. Trumark was formed on the basis of their core values, which are integrity, service and soundness. Not only that, but Trumark is determined to always put its members and their financial needs over everything else.
To show how much they care about their members, Trumark established the Trumark Financial Cares Foundation. The foundation aims to provide local schools with all the financial resources necessary to make sure students are being taught about the importance of personal finance via a program called Building Financial Futures.
Thanks to their efforts, Trumark is making a difference in the lives of the community by providing programs and partnerships designed to improve the quality of life particularly for those who are part of a low-income community.
Trumark has managed to donate over $250,000 in the last several years, which has gone to local schools to teach students about smart saving, spending, and borrowing and to fund personal finance materials. Because of their efforts, today’s youth will grow up to have a better understanding of their finances.