Life is calling. Prepare to answer with a Certificate of Deposit from SunWest Credit Union.

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earn more

a mature couple at a tropical resort with palm trees smile as they look at a smart phone

Look at you go. You have reached a significant milestone on your path to financial security and we aren’t ashamed to admit we are often inspired by your success. We see you and we admire the sacrifices you’ve made along the way to ensure your future goes according to plan. You possess the rare ability to forgo the now so you can enjoy the later on your own terms. Fortunately for your finances and your happiness, you’ve stumbled upon a local Arizona credit union that has everything you need to continue down the path to financial wellness.

You’re here because you want a safe way to earn the most on your investments. You’re tired of taking all the risks and reaping none of the rewards. Luckily, we have the perfect solution–a Certificate of Deposit that allows you to increase that cash flow without the stress. Although we don’t normally encourage a “set it and forget it” mindset when it comes to banking, CDs allow you to do just that. You choose the amount to deposit and how long you want to lock in the current rate, and we do the rest. That means you can easily create a long-term plan to crush every single goal you’ve ever set. Want to pay off your mortgage by age 45? Planning to travel the world without going into debt? We have the savings account you need to make it all possible.

Life is calling. Are you ready to answer?

Love the motivational speech, but what exactly is a certificate of deposit?

A Certificate of Deposit is a commitment to keep money on deposit for a specific, predetermined period or term. In exchange, the CD earns dividends that can rival other investments, like stocks. This type of savings account is the perfect option for those who want to grow their savings without taking on the risk that typically comes with similar investment opportunities. It is important to remember that you will have to live without this money for the duration of the CD, so keep that in mind when considering this option. Of course, the funds are yours and always will be. This means you can close a CD before the maturity date if you really need access, but a penalty will be assessed.*

How does a CD earn money?

The process of a CD is simple: A specific amount is deposited for a specific term, locking in a specific rate. Your rate is guaranteed throughout the full term of your deposit. When that term is up, you choose where it goes next on its journey. Leave it to renew for another term – at whatever the rate is at that time – or withdraw the funds within 10 days of the maturity date with no penalty. All SunWest CDs are compounding, which means dividends are added to your balance each month, so you earn more money. As your balance grows, so does your return since dividends are calculated on the new, higher balance instead of the original balance.

anything else I should know?

We can talk about saving money until the Cardinals win a Superbowl, or until your three-year-old finishes telling you a story, but we know you can’t wait around for a miracle so let’s get to it. Diversifying your portfolio can be a good way to ensure you have access to money should you need it, while also building your returns in a sustainable way. Instead of committing the total amount you want to set aside to a single CD, you can divvy up those funds and spread the love across multiple CDs–each with different maturity dates. While this strategy slightly decreases the overall dividends earned, portions of the total sum become available for reinvestment throughout the life of the ladder.

let's break it down:

You have $3,000 just begging to be invested, and you like the idea of earning a fixed rate for a fixed period of time so you know exactly what to expect. You’ve made up your mind to open a CD but you still like the idea of being able to pull funds if necessary, so you decide to break up your investments between three different CDs with varying terms:

  • $1,000 in a 12-month Share Certificate

  • $1,000 in a 24-month Share Certificate

  • $1,000 in a 36-month Share Certificate

Once the first certificate matures, you have three options:


withdraw the money


roll it over to another 12-month CD


reinvest it in a new 36-month certificate

Reinvesting the money in a new term would provide access to a portion of the funds once the 12 months is up if needed, but it also helps to keep the Certificate ladder fully funded.

certificate of deposit features:

the limit does not exist

* See a representative or Share Certificate agreement for complete details. APY = Annual Percentage Yield.

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let's do this

a mother holds her son as he excitedly points to a fish in the aquarium

It’s time to answer the call and transform your dreams into reality. Get started today with a Certificate of Deposit from SunWest Credit Union. Stop by your nearest branch or give us a call to chat more about your future.