Savings Accounts

A savings account is a secure place to set money aside while earning dividends over time. Many people use savings accounts to build emergency funds, save for future expenses, or organize money for specific goals while keeping funds accessible.

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.

Meriwest offers a variety of savings options, including traditional savings accounts, money market savings accounts, certificate accounts, and specialized savings options designed for different goals and balance levels. Each account type offers different features to help match how you save and access your money.

APY, or Annual Percentage Yield, reflects how much your savings may earn over a year, including the effect of compounding. Compounding means dividends earned are added to your balance, and future dividends are calculated on that total. APY helps make it easier to compare earning potential across different savings accounts.

Both savings and money market accounts allow you to earn dividends while keeping funds available. Money market savings accounts may offer different features or earning structures and are often used by members maintaining higher balances who want flexibility to add or withdraw funds as needed.

Certificate accounts allow you to deposit money for a set period of time in exchange for a stated dividend rate for that term. They are commonly used when funds are not needed immediately and can help provide more predictable earnings over time.

Visit our Rates page for the current certificate 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on an early withdrawal from a certificate will be equal to a percentage of the amount of the principal balance that is withdrawn.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.

Yes. Meriwest savings accounts are federally insured by the National Credit Union Administration (NCUA) up to applicable limits. Some specialized accounts may offer additional coverage. Details vary by product, so it’s always a good idea to review account disclosures.

Minimum opening balances vary based on the savings account type. You can review individual account details above to see opening requirements and ongoing balance information for each option. Membership requires a one-time non-refundable $5 fee.

Savings accounts are designed to keep your money accessible while helping it grow. Access methods and any transaction limitations vary by account type, so reviewing individual account features can help you choose the right option for your needs.

Savings accounts at credit unions earn dividends rather than interest. Dividends are typically calculated based on your balance and expressed as an APY to help compare earning potential. Rates are variable and may change over time.

Choosing the right savings account depends on your goals, how often you plan to access your money, and how much you expect to save. If flexibility is most important, a traditional savings account may be a good fit. For higher balances or longer‑term savings goals, other options may better align with your needs.

Membership is required for Meriwest products and services. 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.