Share Accounts

Accounts: | Share Accounts | Checking Accounts | Overdraft ProtectionFees

Not only are these deposits secured by the National Credit Union Administration, an agency of the federal government, but they are also free of the typical monthly maintenance fees charged by most banks and even some other credit unions.

Share Accounts
Don’t let the name confuse you. We may use different terminology but a credit union share account is the equivalent of a savings account at big banks. The difference? Our share account is the key to part ownership of SunWest as all members begin with this basic share account. Deposits in share accounts earn dividends, which is similar to earning interest in a bank account.

Of course, you aren’t limited to just one share account. A SunWest membership provides you with the freedom to open as many share accounts as you want and all are conveniently linked to your main share account with no minimum balance requirements. Saving for new furniture or special occasions has never been easier!

Money Market Accounts
Money Market Account RatesMoney Market accounts pay higher dividends than the basic share account and have different dividend rates based on the account balance. You can deposit money into a Money Market account at any time and start earning dividends the same day it’s deposited. Funds in a SunWest Money Market account can be withdrawn fee-free up to three times each month. A small fee, will be charged for additional withdrawals in that month.

Share Certificates
Share Certificate RatesShare certificates offer the highest dividend rates at SunWest with rates varying by the deposit amount and length of term. Starting at $500 with terms beginning at 6 months, share certificates are perfect for long-term saving.

Individual Retirement Accounts (IRAs)
Both Traditional and Roth IRAs with no minimum opening balances are available at SunWest. Like other IRAs, you should consult with a tax advisor about potential tax implications.

* Keeping a share account open with a minimum balance of $5.00 at all times is a requirement to being a member at SunWest. Withdrawals and certain transfers from share accounts are limited by a Federal Regulation to 6 withdrawals per month.