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Last Updated: 04/18/2025

TruWest Credit Union IRA Savings Account

in Savings Accounts from TruWest Credit Union

Last Updated: 04/18/2025

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Highlights

APY (Annual Percentage Yield)

1.50%(Verified 06/21/2024)

Minimum Opening Deposit

Starting at $0

Minimum Balance to Earn APY

N/A

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TruWest Credit Union IRA Savings Account Review

TruWest Credit Union IRA Savings Account is offered by TruWest Credit Union, a credit union founded in 1952 and based in Scottsdale, AZ. TruWest IRA Savings are available in 50 states and Washington, DC.

Key Takeaways

  • High yield savings. This account offers an annual percentage yield of up to 1.50%, which is much higher than the average interest rate for a savings account.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

TruWest IRA Savings Pros & Cons

TruWest IRA Savings FAQ

Are savings accounts from truwest credit union federally insured?

Yes, your savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

Does TruWest Credit Union offer a signup bonus?

TruWest IRA Savings doesn't offer a signup bonus.

What is the minimum initial deposit for TruWest IRA Savings?

There is no minimum deposit to open a TruWest IRA Savings.

What APY does TruWest Credit Union IRA Savings Account offer?

TruWest IRA Savings offers an APY of 1.50% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does TruWest IRA Savings charge?

TruWest IRA Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

    Can you set up a direct deposit to TruWest IRA Savings?

    Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

    What is the customer support email for TruWest IRA Savings?

    The customer support email for TruWest IRA Savings is onlineservices@truwest.org.

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    Contact

    Headquarters

    7333 N Vía Paseo Del Sur
    Scottsdale, AZ 85258
    (855) 878-9378
    Visit Site
    Email Support

    Hours of Operation

    Sunday
    Closed
    Monday
    9:00AM - 5:00PM
    Tuesday
    9:00AM - 5:00PM
    Wednesday
    9:00AM - 5:00PM
    Thursday
    9:00AM - 5:00PM
    Friday
    9:00AM - 5:00PM
    Saturday
    Closed

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