TruWest Savings Accounts1 That Support Your Financial Goals
Members can take advantage of both short- and long-term savings accounts to help them achieve the financial goals that matter most.
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We’re here for you every step of the way.
Share Savings Account
The simplest way to gain high-dividend savings and start your TruWest membership.
What You Get
- No monthly service fee
- $5 minimum balance 2
Select Savings Account
Whether you’re saving for a down payment on a home or a destination wedding, you can have an account for each goal or consolidate into one.
What You Get
- No monthly service fee
- No minimum account balance
- No minimum opening deposit
- Must also have an active Share Savings Account
Money Market Account
For your larger savings goals, earn higher dividends than a traditional savings account and keep access to your funds in case of unexpected expenses.
What You Get
- Competitive dividends
- $5 initial deposit
- No minimum balance
- No monthly service fee
- Access funds for unexpected expenses
Christmas Club Account
Determine what amount you would like to tuck away each pay period and make additional deposits and transfers as you wish. You can access your saved funds in early November.
What You Get
- No monthly service fee
- Competitive monthly dividends
- Direct deposit and transfer capability
- Open any time of year
- Must also have an active Share Savings Account
Youth Savings Account
Whether you wish to teach your 6-year-old the value of saving or set your teen up with their first checking account, TruWest has the right benefits to help them start their financial journey.
What You Get
- Free membership
- $5 deposit covered by TruWest
- Kids under 13-years-old automatically enrolled in the Wild About Savings Program
- Access to the kid’s rewards program
- Access for kids younger than 18 years old
Investment Certificate (CD)
Our Investment Certificate Accounts, or Certificates of Deposit (CDs), offer flexible tiered rates and terms to maximize your savings.
What You Get
- Competitive rates compounded daily
- Term options for 6-60 months
- Greater earnings for short- and long-term goals
- $500 deposit
- 10-day grace period on maturity
- Flexible tiered rates and terms
IRAs
TruWest offers three types of Individual Retirement Accounts (IRAs): Traditional, Roth and Educational Savings. Choose the option that fits your needs.
What You Get
- Competitive dividends
- Flexible investment options
- Tax benefits available
- NCUA-insured retirement funds
TruWest Debit Cards Aren’t Just Great for Swiping & Tapping
At TruWest, we offer a range of services designed to help you manage your loans more effectively, ease financial stress, and keep you moving toward your goals.
Traditional IRA
Like a high-performing savings account for retirement with tax-deductible contributions. Withdrawals may be taxed as income. For further details, consult your tax advisor.
Roth IRA
Great for long-term savings or retirement goals. Pay taxes on earnings now, but your withdrawals may be tax-free. For further details, consult your tax advisor.
Educational Savings Account (ESA)
Set aside designated savings for your child’s educational future with a Coverdell ESA. Your contributions will mature tax-free, and withdrawals may be tax-free. For further details, consult your tax advisor.
Disclosures
1Must be a TruWest member with a minimum $5 membership deposit and continuing balance.
2*A minimum $5 balance in Share Savings required to be eligible for Services. Additional opening deposit of $10,000 for Money Market.
