Building the life you love doesn’t have to be an intimidating process. As part owner of your local SunWest Credit Union, you hold the key to success. We’ve got an Arizona savings account with your name on it that gives you all the tools you need to help you achieve financial freedom.
savings
accounts
Your dream life awaits. We can help you get there with a savings account from SunWest Credit Union.
features you can appreciate
DIRECT DEPOSIT
overdraft protection
mobile banking
various account options
primary savings account
secondary savings account
All SunWest Credit Union members begin with a dividend-earning, basic savings account as the gateway to your savings potential, but one savings isn’t always enough to keep your goals organized.
That’s why we offer Secondary Savings. Open as many as your heart desires, and they’ll all be conveniently linked to your Primary Savings.
set + achieve
your goals
Secondary Savings accounts are the perfect, simple solution to keeping money you designate for specific purposes separate from your spending money. Things like…
- Budgeting to pay large monthly bills like rent or mortgage
- Saving up for a quinceañera with all the tías y primos
- Putting money aside for your dream international trip
Have you ever wondered how that friend that makes less than you is always jetting around the country?
Sure, it’s possible they received an inheritance or won the lottery. Buuuut it’s more likely they set a goal and saved up for it. That can be you too!
savings accounts for kids
We created our youth accounts with you and your child in mind. SunWest Credit Union savings accounts for kids follow your child, teen, or young adult along their financial journey and help to instill healthy habits early on, so you can watch your progeny blossom into a financially savvy adult.
Click the age groups below to learn more about each SunWest Credit Union savings account:
time to measure up
See what else is out there to help you maximize your money along your financial journey.
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.
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 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.
your result: money market
Our Money Market accounts helps you earn dividends more aggressively than in a regular savings account 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: CD
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 want the highest return on my investment with the added benefit of tax benefits. 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.
your result: IRA
Our IRA account helps you set aside tax-free money so you can save for a comfortable retirement.
let’s compare
traditional savings account
money market account
certificate account
ira account
Best for
short-term savings
mid-term savings
long-term savings
post-career savings
Benefit
$5 that establishes your credit union part-ownership
best return based on access level
highest dividends with range of terms
tax advantages, best for retirement
dividends
lowest dividend rates, variable
medium dividend rates, variable
mid-high dividend rates, fixed
highest dividend rates, fixed
withdrawal limits
unlimited number of in-person withdrawals per month
3 free withdrawals per month then $5 fee
penalties charged before maturity, closure required if balance falls below threshold
subject to early withdrawal penalties + taxes
online access
view balances, transfer up to 6x/month with no fee
view balances, transfer up to 6x/month with no fee
view balances, no withdrawal access
view balances, no withdrawal access
Traditional Savings Account
best for
short-term savings
benefit
$5 that establishes your credit union part-ownership
dividends
lowest dividend rates, variable
withdrawal limits
lowest dividend rates, variable
online access
view balances, transfer up to 6x/month with no fee
money market account
best for
best for mid-term savings
benefit
best return based on access level
dividends
medium dividend rates, variable
withdrawal limits
3 free withdrawals per month then $5 fee
online access
view balances, transfer up to 6x/month with no fee
certificate account
best for
best for long-term savings
benefit
highest dividends with range of terms
dividends
mid-high dividend rates, fixed
withdrawal limits
penalties charged before maturity, closure required if balance falls below threshold
online access
view balances, no withdrawal access
ira account
best for
best for post-career savings
benefit
tax advantages, best for retirement
dividends
highest dividend rates, fixed
withdrawal limits
subject to early withdrawal penalties + taxes
online access
view balances, no withdrawal access
create your own savings strategy
Check out our Ask SunWest Savings video series for more tips and money management techniques to get your savings goals where you want them to be.
Savings Accounts FAQ
I know saving is important, but where do I start?
Start with your budget. Creating a simple monthly necessities budget tells you how much you can realistically afford to save. Stick to the habit, increasing the amount whenever you can. Get started with your free budgeting tool on MoneyEdu with registration code: MYSUNEDU
How much should I be saving?
It depends on your financial situation, but a good rule of thumb for saving is the 50/30/20 rule where 50% goes to your needs (bills, groceries), 30% goes to your wants (movies, dining) and the remaining 20% goes to savings. Set realistic goals that you can achieve and adjust as needed. Don’t try to bite off more than you can chew, but don’t sell yourself short either. 10% saved consistently and kept in savings is better than 40% that you always have to withdraw from.
How do I open a savings account?
We can't wait to help you start your savings journey at SunWest Credit Union! Visit one of our branches nearest you and we'll get you all set up. Online savings account setup feature coming soon!
A minimum opening deposit of $5.00 is needed and is the minimum balance required at all times to be a member with SunWest.
1. Keeping a savings share account open with a $5.00 minimum balance is required at all times to be a member at SunWest Credit Union. Withdrawals and certain transfers from share accounts are limited by a Federal Regulation to 6 withdrawals per month. SunWest is an Arizona federal credit union with savings backed by the National Credit Union Administration to at least $250,000.
