Abstract: We describe the architecture, training methodology and inference speedups of Granite 5.0 Turbo CTC, a 470 million parameter encoder-only model with an excellent speed-accuracy tradeoff. The architecture uses pyramidal temporal subsampling within Conformer blocks using strided depthwise convolutions, block-diagonal (chunk-wise) self-attention, and conditioning on intermediate predictions from the middle layer. Training highlights are the use of only publicly available data, the novel use of a Muon optimizer, and balanced data sampling. Inference speedups include replacing 1 x 1 convolutions with linear layers and optimizing the attention computation in the Conformer blocks. Collectively, these result in a model that is on the speed-accuracy Pareto frontier of the Open ASR leaderboard for English short-form ASR while being twice as fast as the fastest competitor. The model can be used under a permissive license and downloaded from https://huggingface.co/ibm-granite/granite-speech-5.0-470m-turboctc.