- Competitive rates compounded daily
- Term options from 3-60 months
- Greater earnings for long-term goals
- Opening deposit of $1,000
- 10-day grace period on maturity
Frequently Asked Questions
What is an investment certificate?
An investment certificate, or certificate of deposit (CD), is a type of savings account that has a specific maturity date and fixed rate. Longer terms have higher interest rates, and shorter terms have lower interest rates. Investment certificates tend to offer higher yields than other savings accounts; however, access to your funds is restricted for the length of the term.
What if I need to withdraw my funds before my certificate's maturity date?
For certificates with terms less than a year, the early withdrawal penalty is 90 days of dividends. For terms equal to or greater than one year, the early withdrawal penalty is 180 days of dividends.
Applying for a Certificate Account
Before completing an account application, you’ll need to have the following information handy:
- Personal information (name, address, ID number)
- Employment and salary information
- Social security number
ApplyStart the process by applying for an account.
New Member – Complete New Member FormIf you are not a member, go to New Members, fill out the Disclosure form, and then choose Next.
Existing Member – Complete Account ApplicationIf you are already a TruWest member, go to Existing Members, and follow the on-screen instructions to continue to the account application. You can also apply through the mobile app by selecting Apply for an Account/Loan in the mobile app menu.
Choose AccountsComplete the account application, including selecting your desired accounts.
1 Must be a TruWest member with a minimum $5 deposit