piggy bank savings account icon

savings
accounts

Your dream life awaits. We can help you get there with a savings account from SunWest Credit Union.

features you can appreciate

DIRECT DEPOSIT
overdraft protection
mobile banking
various account options

primary savings account

Building the life you love doesn’t have to be an intimidating process. As part owner of your local SunWest Credit Union, you hold the key to success. We’ve got an Arizona savings account with your name on it that gives you all the tools you need to help you achieve financial freedom.

own it

As a member, you own a share of SunWest Credit Union with your minimum deposit of $5, and you’ll start earning dividends on your shares immediately.1

make money moves

Electronically withdraw and/or transfer your money up to 6 times per month. If you reach the max, just visit one of our branches to complete your transactions.

split it

Prevent yourself from giving into temptation by splitting your direct deposits between your checking and savings. That one extra step helps you think twice about those impulse purchases.

set up a safety net

Don’t get tangled in a net of overdraft fees. Setting up your savings account as a safety net for your checking allows you to still make that payment without getting a fee.

secondary savings account

All SunWest Credit Union members begin with a dividend-earning, basic savings account as the gateway to your savings potential, but one savings isn’t always enough to keep your goals organized.

That’s why we offer Secondary Savings. Open as many as your heart desires, and they’ll all be conveniently linked to your Primary Savings.

save every cent

Open a secondary savings account with a minimum deposit of only $0.01. Saving is as easy as picking up a penny off the ground. Just don’t forget to wash your hands.

name it

Name your online savings accounts so you always know which funds go to what. This easy mind trick keeps you accountable to your goals, because it shows the real-life consequences of draining the account.

make more money moves

Just like your Primary Savings Account, you can electronically withdraw from your balance up to 6 times per month. If you reach the max, just call or visit one of our branches.

even more savings

Members can open multiple Secondary Savings Accounts. No more stashing cash under the bed. We both know that’s not safe. Please. Don’t. Do. That.

set + achieve
your goals

Secondary Savings accounts are the perfect, simple solution to keeping money you designate for specific purposes separate from your spending money. Things like…

  • Budgeting to pay large monthly bills like rent or mortgage
  • Saving up for a quinceañera with all the tías y primos
  • Putting money aside for your dream international trip

Have you ever wondered how that friend that makes less than you is always jetting around the country?

Sure, it’s possible they received an inheritance or won the lottery. Buuuut it’s more likely they set a goal and saved up for it. That can be you too!

savings accounts for kids

We created our youth accounts with you and your child in mind. SunWest Credit Union savings accounts for kids follow your child, teen, or young adult along their financial journey and help to instill healthy habits early on, so you can watch your progeny blossom into a financially savvy adult.

Click the age groups below to learn more about each SunWest Credit Union savings account:

save all year

Open a SunWest Credit Union savings account with a minimum deposit of only $0.01. Saving is as easy as picking up a penny off the ground. Just don’t forget to wash your hands.

online access

Easily check if you’re on target for all your festivities with friends, and families, and pets, and coworkers, and neighbors, and…you know? You get the point.

make more money moves

You guessed it! Your holiday savings follows the same pattern. You can electronically withdraw from your balance up to 6 times per month.

time to measure up

See what else is out there to help you maximize your money along your financial journey.

Choose from the benefits below to discover the savings account made just for you:

I am looking to build a short-term savings strategy

that provides immediate access to my funds. I am okay with a lower dividend if it means I can transfer or withdraw money as soon as I need it.

your result: savings

Our Savings account lets you slowly earn interest while maintaining full access to your money whenever you need it.

I am looking to build a mid-term savings strategy

that provides easy access to my funds. I can plan ahead for accessibility needs and really just want to earn higher dividends than I would with a regular savings. I am not at a point where I can set aside money for a predetermined amount of time with no plans to withdraw funds.

your result: money market

Our Money Market accounts helps you earn dividends more aggressively than in a regular savings account while still maintaining access to your money when you plan ahead.

I am ready to build a long-term savings strategy

and have the ability to set aside funds for a long period of time. I don’t need to withdraw the funds and want a high return on my investment. I am also looking for more options in regards to interest rates and length of deposit period.

your result: CD

Our Certificate of Deposit (CD) accounts allow flexible and aggressive earning with a variety of term lengths.

I am ready to plan for life after my career

and want the highest return on my investment with the added benefit of tax benefits. I can set money aside for a long period of time and have no plans to use that money before I am able to withdraw funds.

your result: IRA

Our IRA account helps you set aside tax-free money so you can save for a comfortable retirement.

let’s compare

traditional savings account

money market account

certificate account

ira account

Best for
short-term savings
mid-term savings
long-term savings
post-career savings
Benefit
$5 that establishes your credit union part-ownership
best return based on access level
highest dividends with range of terms
tax advantages, best for retirement
dividends
lowest dividend rates, variable
medium dividend rates, variable
mid-high dividend rates, fixed
highest dividend rates, fixed
withdrawal limits
unlimited number of in-person withdrawals per month
3 free withdrawals per month then $5 fee
penalties charged before maturity, closure required if balance falls below threshold
subject to early withdrawal penalties + taxes
online access
view balances, transfer up to 6x/month with no fee
view balances, transfer up to 6x/month with no fee
view balances, no withdrawal access
view balances, no withdrawal access

Traditional Savings Account

best for
short-term savings
benefit
$5 that establishes your credit union part-ownership
dividends
lowest dividend rates, variable
withdrawal limits
lowest dividend rates, variable
online access
view balances, transfer up to 6x/month with no fee

money market account

best for
best for mid-term savings
benefit
best return based on access level
dividends
medium dividend rates, variable
withdrawal limits
3 free withdrawals per month then $5 fee
online access
view balances, transfer up to 6x/month with no fee

certificate account

best for
best for long-term savings
benefit
highest dividends with range of terms
dividends
mid-high dividend rates, fixed
withdrawal limits
penalties charged before maturity, closure required if balance falls below threshold
online access
view balances, no withdrawal access

ira account

best for
best for post-career savings
benefit
tax advantages, best for retirement
dividends
highest dividend rates, fixed
withdrawal limits
subject to early withdrawal penalties + taxes
online access
view balances, no withdrawal access

create your own savings strategy

Check out our Ask SunWest Savings video series for more tips and money management techniques to get your savings goals where you want them to be.

Savings Accounts FAQ

I know saving is important, but where do I start?

How much should I be saving?

How do I open a savings account?

1. Keeping a savings share account open with a $5.00 minimum balance is required at all times to be a member at SunWest Credit Union. Withdrawals and certain transfers from share accounts are limited by a Federal Regulation to 6 withdrawals per month. SunWest is an Arizona federal credit union with savings backed by the National Credit Union Administration to at least $250,000.