money market accounts
Your money should work for you. Invest confidently in yourself with an Arizona Money Market account from SunWest Credit Union.
features you can appreciate
boost your savings account
You don’t have to have a million bucks burning a hole in your pocket in order to bring your visions to life. If you’re not quite ready for long-term, risky investments, a money-boosting Money Market account might be exactly what you need.
Take your savings account game to the next level with a money market account from SunWest Credit Union to make your vision reality.
here's to the future
You deserve all the luxuries that life has to offer without the headaches. Let’s build a savings strategy that empowers you to create the life you know is possible. Stop by a SunWest Credit Union branch to open your Money Market account today, and take your savings to the next level.
savings account options
Don’t panic if you haven’t decided on a money market account just yet. Your financial health is a relationship best nurtured when you’re armed with the information to empower you to make educated decisions. After all, your journey is unique. Only you can determine what feels right.
Choose from the benefits below to discover the savings account made just for you:
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.
Our Savings account lets you slowly earn interest while maintaining full access to your money whenever you need it.
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.
Our Money Market savings account helps you earn dividends more aggressively than in our primary savings while still maintaining access to your money when you plan ahead.
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.
Our Certificate of Deposit (CD) accounts allow flexible and aggressive earning with a variety of term lengths.
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.
Our IRA account helps you set aside tax-free money so you can save for a comfortable retirement.
compare savings accounts
savings options
type of savings
benefit
dividends
withdrawal limits
online access
savings
market
of deposit
secured credit card
credit builder
12 months
24 months
savings secured
12 months
24 months
cd secured
12 months
24 months
36 months
60 months
*APR = Annual Percentage Rate. See a representative for details.
**Please keep in mind we always pull credit for any new member as part of our identity verification process.
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 savings accounts, and other ways to improve your financial health. Go on. Be the financial champion you were meant to be.
Money Market Account FAQ
What is a money market account?
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 checking account or savings account and limit your number of monthly withdrawals to enforce healthy savings habits. Money market accounts are different from money market mutual funds, which are not deposit accounts.
Money market account vs money market fund?
Money market funds are mutual funds typically held with investment companies, that could lose money if the market falls, and your money in the account isn't insured. Unlike money market funds, money market accounts are federally insured by the Federal Deposit Insurance Corporation (FDIC) or The National Credit Union Administration (NCUA).
What are money market rates based on?
Rates on money market accounts are based on rates set by the Federal Reserve which is why these rates are variable and can change based on the stability of the economy.
Are money markets safe?
Yes, money market accounts are as safe as any regular deposit account. A SunWest Money Market account is insured by the NCUA, and although the word “market” often makes people think about the risky stock market, these types of accounts are not invested in the stock market. They get their name from the money markets determined by the Federal Reserve System (the Fed) which monitors and sets limits to interest rates.
What is the minimum balance to open a money market acount?
The minimum balance to open and hold a money market account with SunWest Credit Union is $1,000.
**Please keep in mind we always pull credit for any new member as part of our identity verification process.
