Money Market Select
The Money Market Select Account gives you the flexibility of a savings account with the earning power of a high-yield option. Grow your money with confidence and access when you need it.
Because your money should work as hard as you do.
No monthly minimum balance
Ten swipes per month on your Westerra debit or credit card
maintenance fees.
Let's break down how a Money Market Select gives you all of the access you need, with all the interest earnings you want.
Tiered earnings: The more you save, the more you earn. Your balance does the work.***
No minimum balance to get started: And no monthly maintenance fees, just flexibility and freedom for your earnings.
Withdrawal anytime: You've got the freedom to take your money out any time, as many transfers as you need, all without penalties.
Long story short, this high yield savings account option gives you a healthy return on investment, with the flexibility you need to do money with confidence.
Money Market Select | Daily Balance | APY* | Dividend Rate |
|---|---|---|---|
If requirements*** are met, the following rate will apply | $100,000+ | 4.00% | 3.928% |
$50,000-$99,999.99 | 3.00% | 2.960% | |
$25,000-$49,999.99 | 3.00% | 2.960% | |
$10,000-$24,999.99 | 3.00% | 2.960% | |
$1,000-$9,999.99 | 3.00% | 2.960% | |
$0-$999.99 | 3.00% | 2.960% | |
If requirements*** are not met, the following rate will apply | All balance tiers | 0.05% | 0.050% |
Frequently asked Money Market account questions
A Money Market Select Account is a free, high-yield savings account that offers both flexibility and growth. You can earn competitive interest on your savings while maintaining easy access to your funds when needed — without any penalties. It’s the perfect balance of earning potential and liquidity for your savings goals.
To qualify for the interest rate on a Money Market Select Account, you’ll need a Prime Share account. Additionally, you must have a Westerra consumer VISA® debit or credit card linked to the same account. To earn the corresponding interest rate, you need to complete at least 10 qualifying transactions each month within a qualifying statement cycle. The statement period ends at 6 p.m. of the cycle month. These products are not required to open a Money Market Select Account but are necessary to earn the higher interest rate.
If you’re a new member at Westerra Credit Union, you can open a Money Market online or visit a branch location. If you’re already a member and would like to add another account, please give us a call at 303-321-4209 or visit us at any of our branches.
No, the Money Market Select is not an investment account. You can reap the benefits of earning high interest without the risks typically associated with investments. It’s a secure way to grow your savings.
No, there is no monthly fee for a Money Market or Money Market Select Account. Enjoy all the benefits of high-yield savings with no ongoing charges.
Yes, you can withdraw funds from your Money Market Select Account at any time without penalty. There are no restrictions on the number of withdrawals or transfers you can make, giving you full flexibility and easy access to your savings when you need it.
Yes, you can easily link your Money Market Select Account to your checking account for convenient transfers. With digital banking, you can quickly transfer funds between accounts anytime, giving you seamless access to your savings whenever you need it.
Yes! Click here to calculate your individual coverage!
Everyday Money (and earning)
A checking account for the way you live (and spend) today. No monthly fees. No minimum balance required. Plus a debit card that helps you earn rewards. Checks optional.
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The dividend rate paid is based on the minimum average daily balance to the corresponding tier in any statement month that the specific account requirements are met. If the requirements are not met, the dividend rate of .05% APY is applied for the statement month. The statement month ends at 6pm MST on the last calendar day of the month. The requirements needed to receive the dividend rate are (i) minimum average daily balance that corresponds to the desired rate, (ii) 10 combined debit/credit card purchase transactions that post and clear in the statement months (i), on the same membership account. ATM and cash advance transactions do not count toward the debit card transaction requirement. Requirements are waived the first statement cycle the new share is opened and will earn the higher dividend rate. IRA, Roth IRA, and Business accounts are not eligible for this product. Rates subject to change without notice. Membership eligibility required.
Visa and Visa logo are registered trademarks of Visa International Services Association. Apple Pay and the Apple Pay logo are trademarks of Apple Inc. Google Pay and the Google Pay logo are a trademarks of Google Inc. Samsung Pay and the Samsung Pay logo are registered trademarks of Samsung Electronics Co., Ltd.
*APY= Annual Percentage Yield; APY accurate as of 12/01/2024; fees may reduce earnings.
