Not only does a Money Market account offer a higher dividend rate than your typical savings 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.
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 funds liquid in case your financial situation changes and you need a quick withdrawal.
Although a Money Market does require a minimum balance of $1000, you can earn dividends at tiered APY* rates. This means you can get a jumpstart on earning while you're still building up your account.
Variable APY rates 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.
With 3 free withdrawals per month, you have stress-free access to your money when you need it. 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.
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.
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.
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.
I am ready to plan for life after my career and want the highest return on my investment with the added benefit of tax advantages. 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.
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 savings accounts and other ways to improve your financial health. Go on. Be the financial champion you were meant to be.
* APY = Annual Percentage Rate.
** See account agreement and fee schedule for complete details.