Local Credit Union Offers Members Higher Yield Reward
By Claire Natale -
Tuesday Jun 27, 2023
TruWest® Credit Union is pleased to announce that members utilizing its High Yield Checking Account will now earn up to 4% APY (Annual Percentage Yield) on checking balances of up to $10,000, effective 4/1/23. Balances over $10,000 earn 0.05% APY on the portion of the balance over $10,000, resulting in a tiered range from 4.00% to 0.05% APY.
To earn this rate of return, each month members need to have $500 or more in qualifying direct deposits and make 15 or more qualifying Rewards debit or credit card transactions. Terms, conditions and restrictions apply.
“TruWest is proud to offer its High Yield Checking members 4% annual percentage yield,” said the credit union’s CFO, Mike Ward. “This competitive rate of return will surely benefit members and their families year after year.”
TruWest offers two Rewards Checking Accounts: High Yield Checking and Cash Back Checking. Both accounts have no minimum checking balance and no penalties for not meeting monthly Rewards requirements. For example, on the High Yield Checking, if account requirements are not met, all balances earn 0.05% annual percentage yield. The accounts are variable rate accounts and fees could reduce earnings.
For more information regarding TruWest Credit Union’s High Yield Checking account, and how to apply, please visit truwest.org/highyield. Insured by NCUA.
About TruWest Credit Union
TruWest® Credit Union is headquartered in Tempe, Ariz. and operates as a cooperative providing its members with a lifetime of quality financial services and a culture of caring for its organization, employees and communities. TruWest is a strong and sound financial institution with more than 93,000 members and assets totaling more than $1.5 billion. TruWest Credit Union has 11 branch locations—eight in metro Phoenix and three in Austin, Texas. For more information, visit http://www.truwest.org.