A money market account is a type of savings account that earns dividends based on market rates. They typically offer higher rates than your regular savings or checking account and limit your number of monthly withdrawals to enforce healthy savings habits.
Sunwest Credit Union money market accounts
Your money should work for you. Now it can with a Money Market account in Arizona from SunWest Credit Union.
Features you can appreciate
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Peace of mind
Rainy day funds, beautiful weddings, and once in a lifetime getaways aren’t reserved for the rich and famous. You don’t have to have a million bucks burning a hole in your pocket in order to bring your visions to life. Everyone deserves to experience the finer things and SunWest is ready to help take your savings game to the next level with a money market account so you can do you.
A Money Market account from SunWest Credit Union might be exactly what you need to put your mind at ease and invest with confidence. Now, we may not hand out report cards here, but we don’t think you need another piece of paper taking up space in your junk drawer. Instead, we provide the tools and resources you need to earn that coveted (albeit intangible) A+ for being a savvy investor.
What is a money market account?
Not only do a Money Market accounts offer a higher dividend rate than your typical savings account or checking account, but it will also never suffer a market crash. You won’t lose a dime of your hard-earned money and you won’t have to worry about the volatile market conditions we have seen in the past.
The best news though is that your favorite Arizona credit union isn’t going to leave you high and dry when it comes to making smart money moves. We want you to live your best life, and you can’t do that without a solid plan to save for your American dream.
Zero risk
Congrats-–you’re climbing your way to the top of the mountain without even breaking out your hiking boots. Zero economic risk allows you to safely earn a higher return while keeping money market funds liquid in case your financial situation changes and you need a quick withdrawal.
Bigger savings
Although a Money Market account does require a minimum balance of $1000, you can earn dividends at tiered annual percentage yield rates. This means you can get a jumpstart on earning while you're still building up your account.
Automated earnings
Our Money Market accounts have variable APY* rates that automatically adjust based on the market. When the rates decrease, you don’t lose anything you put in; when they increase, you start benefiting without lifting a finger.
Worry-free withdrawals
With 3 free withdrawals per month, you have stress-free access to your money market when you need it. There is no monthly service fee but once you hit 3 withdrawals, there's a $5 fee for each subsequent withdrawal. This number of withdrawals resets on the 1st of each month.
Here's to the future
You deserve all the luxuries that life has to offer without the headaches. Let us build a savings strategy that empowers you to create the life you never thought was possible.
Stop by a SunWest branch to open your Money Market savings account today if you’re ready to take your savings to the next level. Additional features include:
- no monthly service fee
- competitive rates
- deposits are federally insured by the ncua
What's your priority?
Choose from the benefits and 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.
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 mod-termsavings 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 account helps you earn dividends more aggressively than in our traditional Savings 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: Certificate of deposit
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 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: IRA
Our IRA account helps you set aside tax-free money so you can save for a comfortable retirement.
Savings accounts
comparison chart
Traditional Savings
Best for...
short-term savings
easiest access
lowest dividends
includes part-ownership
Money market account
Best for...
Mid-term savings
easy access with planning
medium dividends
includes part-ownership
Certificate Account
Best for...
Long-term savings
limited access
High dividends
Best return based on access level
IRA Account
Best for...
Long-term savings
limited access
highest dividends long-term
tax advantages, best for retirement
Own your financial journey
You’re on your way to financial freedom but wait, there’s more! If you’re anything like us, you want to know everything you can about planning for success.
We respect your ambition and we support the hustle. Visit MoneyEdu or Ask SunWest to learn more about traditional savings accounts, Money Market accounts, and other ways to improve your financial health. Go on. Be the financial champion you were meant to be.
