Savings Rates
Share Savings Accounts | Effective Date: September 1, 2023
| Account | Balance Amount | Dividend Rate* | APY** |
|---|---|---|---|
| You Name it Savings† | $100+ | 0.100% | 0.10% |
| Youth Savings† | $5+ | 0.100% | 0.10% |
| Accumulative IRA† | $5+ | 0.030% | 0.03% |
Premier Savings for New Members | Effective Date: September 1, 2023
| Account | Balance Amount | Dividend Rate* | APY** |
|---|---|---|---|
| Premier Savings*** | $100 to $5,000 | 3.922% | 4.00% |
| Premier Savings*** | $5,001 - $10,000 | 1.980% | 2.00% |
| Premier Savings*** | $10,001- $50,000 | 1.489% | 1.50% |
| Premier Savings*** | $50,001+ | 0.846% | 0.85% |
†For Accumulative IRA, Dividend Rate and APY are the same as Regular Savings (discontinued product), with the exception that dividends are earned starting at $5.00 instead of $100.00. For Youth Savings Dividend Rate and APY are the same as You Name It Savings, with the exception that dividends are earned starting at $5.00 instead of $100.00. Variable rate account. Rates may change after the account is opened. Fees may reduce earnings.
*Variable rate accounts. Rates may change at any time after the account is opened.
**APY is Annual Percentage Yield. Fees may reduce earnings, APY is calculated on the minimum average daily balance in the account each month.
***Available only to new members during the first thirty (30) days from the date of opening a membership. APY is Annual Percentage Yield. APYs are accurate as of 6/1/2023. Fees may reduce earnings, APY is calculated on the minimum average daily balance in the account each month. The minimum deposit required to open a Premier Savings Account is $20. A minimum average daily balance of $100 is required to earn dividends. The Premier Savings account is a variable rate account and rates may change at any time. Limit one Premier Savings account per membership. Consumer accounts only. Please refer to our current Rate Schedule for applicable dividend rates, APYs and tiers. For example, an account with an average daily balance of $100,000 will earn 4.00% APY on balances up to $5,000, 2.00% APY on balances over $5,000 up to $10,000, 1.50% APY on balances over $10,000 up to $50,000, and 0.85% APY on the remaining balance in excess of $50,000. The total APY earned reflects the blending of rates depending on the balance.
Membership is required with a one-time non-refundable $5 fee.
Checking Rates
Consumer Checking (Share Draft) Accounts | Effective Date: September 1, 2023
| Account | Balance Amount | Dividend Rate* | APY** |
|---|---|---|---|
| Smart REWARDS Checking | $100 - $15,000 | 1.980% | 2.00% |
| Smart REWARDS Checking | Over $15,000+ | 0.10% | 0.10% |
*Members must meet the following criteria each month to qualify for the REWARDS: 1)10 posted and cleared debit card transactions per month (PIN or Signature based, not including ATM transactions); 2) Establish direct deposit ($1,000 total minimum per month); 3) E-Documents enrollment (receive monthly e-statements and account notices electronically). Dividends earned will be calculated and ATM Surcharge Rebates will be refunded based on prior month end data.
**APY is Annual Percentage Yield. Variable rate account. Rates may change at any time after account is opened. The minimum balance to open the account is $20, and the minimum average daily balance to earn the stated APY is $100. Balances $15,000 and under earn 2.00% APY as long as monthly criteria* is met. The remaining balance over $15,000 earns 0.10% APY. If the monthly criteria* is not met, the entire balance earns 0.01% APY. Fees may reduce earnings.
Membership is required with a one-time non-refundable $5 fee.
Money Market Rates
Consumer Money Market Accounts | Effective Date: September 1, 2023
| Account | Minimum Balance | Dividend Rate | APY* |
|---|---|---|---|
| Money Market Max* | $250,000+ | 2.956% | 3.00% |
| Money Market Max* | $50,001 - $250,000 | 2.225% | 2.25% |
| Money Market Max* | $10,000 - $50,000 | 1.242% | 1.25% |
* Annual Percentage Yields (APYs) are accurate as of June 1, 2023. The minimum balance to open the account is $10,000. Variable rate account. Rates may change after the account is opened. You must maintain a minimum average daily balance of $10,000 in the account to earn dividends and obtain the applicable Annual Percentage Yield (APY). Account will close if balance is zero at month end. Fees may reduce earnings. For consumer accounts only. Membership is required with a one-time non-refundable $5 fee.
Membership is required with a one-time non-refundable $5 fee.
Certificate Rates
Certificate Accounts Effective Date: September 1, 2023
| Account | Minimum Balance | Dividend Rate | APY* |
|---|---|---|---|
| 3-Month Easy Certificate3 | $1,000 | 4.641% | 4.75% |
| Account | Minimum Balance | Dividend Rate | APY* |
|---|---|---|---|
| 13-Month Best Certificate4 | $1,000 | 4.784% | 4.90% |
IRA options are available for all the certificates and terms below:
| Account | Minimum Balance | Dividend Rate | APY* |
|---|---|---|---|
| 8-Month Liquid Certificate1 | $10,000 | 1.980% | 2.00% |
| Account | Minimum Balance | Dividend Rate | APY* |
|---|---|---|---|
| 6-Month Certificate2 | $1,000 | 1.637% | 1.65% |
| 12-Month Certificate2 | $1,000 | 2.225% | 2.25% |
| 24-Month Certificate2 | $1,000 | 2.372% | 2.40% |
| 36-Month Certificate2 | $1,000 | 2.274% | 2.30% |
Eligibility Requirements
You are eligible to join Meriwest Credit Union if any of the following applies
- You live, work, worship, or attend school in Alameda, Contra Costa, San Francisco, San Mateo and Santa Clara counties of Northern California, and Pima county of Arizona.
- You are an employee of a participating Meriwest Credit Union member company.
- You are a relative of or reside with a current member of Meriwest Credit Union.
- If you don’t meet any of the requirements above but live in California or Arizona, you can still join Meriwest with a complimentary membership in the Financial Fitness Association. Call 1-877-637-4937 to learn more.
Log In to Open Products Register for Online Banking
Above rates are not available for institutional certificates.
Penalty may be imposed for early withdrawal.
*APY is Annual Percentage Yield. Fees may reduce earnings, APY is calculated on the minimum average daily balance in the account each month.
Annual Percentage Yield is accurate as of 06/21/23 and valid for the stated twenty four (24) month or sixty (60) month term of each certificate. Merit Rewards certificate rate bumps do not apply to promotional rates. Certain restrictions apply. Contact the Credit Union for complete details and terms applicable. Consumer accounts only. Limited time offer may be withdrawn or modified at any time without notice. The minimum balance to open the accounts and earn the stated APY is $1,000. Penalty may apply for early withdrawal.
1. The minimum balance to open the account and earn the stated APY is $10,000. Up to six (6) withdrawals and unlimited deposits allowed per month. The minimum amount to deposit or withdrawal is $500 as long as the balance does not fall below the $10,000 minimum balance, otherwise the account will be closed. Penalty will apply for early account closure.
2. The minimum balance to open the accounts and earn the stated APY is $1,000. Penalty will apply for early withdrawal.
3. Annual Percentage Yield is accurate as of 7/19/23 and valid for the stated three (3) month terms of the certificate. The minimum balance to open the accounts and earn the stated APY is $1,000. Penalty may apply for early withdrawal. Merit Rewards certificate rate bumps do not apply to promotional rates. Certain restrictions apply. Contact the Credit Union for complete details and terms applicable. Limited time offers, may be withdrawn or modified at any time without notice.
4. Annual Percentage Yield is accurate as of 7/19/23 and valid for the stated thirteen (13) month term of the certificate. The minimum balance to open this account and earn the stated APY is $1,000. Penalty may apply for early withdrawal. Merit Rewards certificate rate bumps do not apply to promotional rates. Certain restrictions apply. Contact the Credit Union for complete details and terms applicable. Limited time offers, may be withdrawn or modified at any time without notice.
Membership is required with a one-time non-refundable $5 fee.
Frequently Asked Questions
We offer many savings account options. Choose an option below to explore the accounts in each category:
- You Name It Savings
- Youth Savings
- Retirement Accounts
- Money Market Accounts
- Certificate Accounts
- Business Savings Accounts
New Member Premier Savings Promotion: a great account with the kind of yield that usually requires large sums of money committed for several years. Available only to new members during the first thirty (30) days from the date of opening a membership account.
Check out our current Savings Rates.
Unlock the benefits of banking with Meriwest Credit Union
Learn more about our Member Benefits or fill out our Online Membership Application to join us today.
Youth Savings
Yes, we offer a Youth Savings account that must be held jointly with a parent, guardian, or person over the age of 18. We also offer a Flow Checking account for teens age 13 to 20 years old.
To open a youth account, sign in to your Meriwest Online Banking Account and select 'Open New Account'. Select 'Checking, Savings, MM or Certificate' then Select 'Youth Savings' or 'FLOW Account' option.
You may also need:
Yes! Meriwest is proud to offer a wide variety of business options for our members including checking, savings, lending, and convenient services.
Explore all our business options from the Business tab on our website home page.
You may also need:
There is no limit to the number of Meriwest accounts you can open. Meriwest products and services include checking and savings accounts, consumer loans, small business loans and merchant services, and investment and insurance options;
All accounts are accessible through branch locations, via online banking, as well as the latest access through mobile banking technology.
If you are already a member, login to Onine Banking open new products.
Use one of our saving calculators to Calculate your future savings goal.
Yes, at Meriwest, we are offering a limited-time promotion on Money Market accounts for both personal and business. Make your money work for you or grow your money as you grow your business.
To learn more, visit our Personal Money Market page or Business Money Market page.
Meriwest offers Traditional, Roth, and Accumulative IRAs.
Visit our IRA page to compare each type and try our simple-to-use Retirement Calculators to formulate your strategies.
Move toward a healthy financial future
Meriwest Wealth Advisors offer a complete array of financial investment options and personalized financial planning designed for your specific personal needs. Explore all of the traditional financial investments including stocks, bonds, mutual funds, as well as private placements.
Learn more on our Wealth and Investment Services page or speak with a registered representative at (408) 866-1002.
An IRA is an independent retirement account that helps you save for retirement with tax advantages. To help you reach your financial goals by the time you're ready to retire, Meriwest offers a wide range of insured options for your retirement investing including Traditional, Roth, and Accumulative IRAs.
Visit our IRA page and try our simple-to-use Retirement Calculators to formulate your strategies.
Move toward a healthy financial future
Meriwest Wealth Advisors offer a complete array of financial investment options and personalized financial planning designed for your specific personal needs. Explore all of the traditional financial investments including stocks, bonds, mutual funds, as well as private placements.
Learn more on our Wealth and Investment Services page or speak with a registered representative at (408) 866-1002.
Visit our Rates page for the current CD rate and term information.
Earn more for your money with a Certificate Account
If you're looking for an insured product with a guaranteed higher annual dividend rate and you can keep your funds in an account for a longer-term, certificate accounts at Meriwest are the right solutions for you.
Visit our Certificate Accounts page to learn more or apply today.
The penalty imposed on an early withdrawal from a certificate will be equal to a percentage of the amount of the principal balance that is withdrawn. The percentage is calculated by dividing the number of days remaining in the then-current term at the time of the withdrawal by 365.
Please note that early withdrawal penalties may exceed the amount of dividends earned and further reduce the principal balance. In regards to tax penalties, we ask that you please contact your tax advisor for assistance.
Penalties and fees may differ per product or promotion. Please Contact Meriwest for an exact amount.
Need access to funds? Consider a personal line of credit.
The ValueChoice Credit Line Option allows you to use the credit you need, pay it back in low monthly installments and use it again. Access to funds is easy - write a ValueChoice check, get cash from a Meriwest ATM, or take a cash advance with Meriwest Online or over the phone.
Click here to learn more and apply today!