TruStone Financial Certificate Rates (IRA's and MoneyWise Accounts)

Certificates

We offer a variety of rates and terms to meet your needs. Open a certificate with our low $500 minimum deposit - just $250 minimum for those under age 18. Dividends, compounded and credited at the end of each quarter and upon maturity, will be deposited back to the original certificate. Or choose to have dividends credited to another TruStone Financial account or mailed to you.

To get started, call (763) 544-1517 or (800) 862-1998. You can also open new certificates online by logging on to Personal Access Online Banking. Not a TruStone Financial Member? You can apply for membership online.

IRA Daily Accounts, IRA Certificates, and Roth IRAs

An Individual Retirement Account (IRA) is a long-term savings program. Over the years, compounding can make thousands of dollars worth of difference, adding up to a more comfortable retirement for you.

Choose from the IRA daily account - you can add to your account in any amount at any time (up to IRS maximums). Or choose a certificate to earn a fixed rate for a given term.

With all the recent changes to IRAs and the tax code, make sure to check with your tax advisor to decide on the best IRA investment option for you.

Need to find a tax advisor? Call the Minnesota Society of CPAs CPA Referral Service at 952-831-2707 and the Society can refer you to a qualified tax advisor near your home or work.

Effective July 29, 2010

Certificate Term

3 month1

6 month1

12 month2

24 month

36 month

48 month

60 month

Dividend Rate

.50%

.65%

1.00%

1.25%

1.65%

1.90%

2.40%

APY3

.50%

.65%

1.00%

1.26%

1.66%

1.91%

2.42%

Printable Version

Rate Information — These certificate rates are prospective rates and anticipated Annual Percentage Yields (APY) for the current dividend period and may change at any time as determined by the TruStone Financial Board of Directors. To confirm the rates above, call (763) 591-4949 or (800) 343-8328. The dividend rates on certificates will be in effect until the maturity date.

Minimum Balance — Minimum balance to open a certificate is $500. If you are under age 18, the minimum balance to open is $250.

Balance Computation Method — Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in your account each day.

Compounding and Crediting Frequency — Dividends will be compounded and credited at the end of the calendar quarter and on the maturity date of your certificate. On certificate terms of 12 months or longer, dividends can be paid out to you monthly or quarterly.

Withdrawal of Dividends Prior to Maturity — The APY assumes that dividends will remain in your account until maturity. A withdrawal will reduce earnings.

Renewal Policy — Automatically renewable certificate accounts will have up to a 10 business day grace period after the maturity date to withdraw or close the account. Accrued dividends will be paid during the 10-day grace period. For certificate accounts that do not automatically renew at maturity, dividends will no longer be paid.

Renewal Policy — Automatically renewable certificate accounts will have up to a 10 business day grace period after the maturity date to withdraw or close the account. Accrued dividends will be paid during the 10-day grace period. For certificate accounts that do not automatically renew at maturity, dividends will no longer be paid.

Early Withdrawal Penalties — Penalties may be imposed if you withdraw any of the principal in your account before the maturity date. The penalty will equal 90 days dividends on your account if the original term is one year or less. The penalty will equal 180 days dividends on your account if the original term is greater than one year. If a certificate is withdrawn within 6 calendar days after the account is opened, a penalty of at least 7 days´ dividends will be assessed. If the account is part of an IRA, see your plan disclosure for details.

Dividend Accrual — Dividends will begin to accrue on the day you deposit cash or non-cash items (e.g. checks) to your account.

YOUR SAVINGS ARE INSURED UP TO $500,000. The first $250,000 per member is insured by the National Credit Union Administration (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation. See us for details. Excess Insurance Corporation (800) 521-6342, www.excessshare.com

  1. IRA certificates are not available in 3 and 6 month terms.
  2. 12-month MoneyWise certificate will be converted to a regular 12-month certificate on the maturity date immediately following the 18th birthday of the primary member. Additional deposits may be made throughout the term of the MoneyWise certificate.
  3. The advertised Annual Percentage Yield (APY) is effective as of July 15, 2010. The minimum balance to open this certificate and earn the stated APY is $500. If you are under age 18, the minimum balance to open is $250. Penalties may be imposed if you withdraw any of the principal in your account before the maturity date. The penalty will equal 180 days dividends.