Money Market Solutions Designed to Grow your Savings
Reach Your Financial Goals
Money Market Accounts combine the earning potential of savings with convenient access to your funds. Compare Meriwest's two Money Market solutions to find the account that best fits your savings goals and balance needs.
Which Money Market Option Is Right for You?
SecureEdge℠ Money Market
Best for enhanced protection on larger balances
- Earn up to 2.30% APY* on balances of $250,000+
- Competitive tiered APYs across balance levels
- Additional insurance up to $1,000,000
- Flexible access to funds
- Digital banking convenience
Money Market Max
Best for maximizing earnings on your savings
- Earn up to 2.50% APY* on balances of $250,000+
- Competitive tiered APYs across balance levels
- NCUA insured up to $250,000
- Flexible access to funds
- Digital banking convenience
| Feature | SecureEdge℠ Money Market | Money Market Max |
|---|---|---|
| Competitive Dividend Earnings | ✓ | ✓ |
| Tiered Rate Structure | ✓ | ✓ |
| Access to Funds | ✓ | ✓ |
| Digital Banking Access | ✓ | ✓ |
| Additional Insurance Up to $1,000,000 | ✓ | |
| Higher APYs | ✓ |
Why Choose Meriwest?
Save With Confidence:
- Competitive Money Market dividend rates
- Options designed for different savings goals and balance levels
- Flexible access to your funds when you need them
- Convenient online and mobile banking tools
- Federally insured deposits with additional insurance available through SecureEdge℠ Money Market
Ready to Grow Your Savings?
Join Our Family!
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.
People Usually Ask:
-
What is a Money Market Account?
A Money Market Account is a savings account that offers competitive dividend earnings while providing access to your funds when needed. It can be a good option for members looking to grow their savings without locking money into a certificate.
-
What is the difference between Money Market Max and SecureEdge℠ Money Market?
Both accounts offer tiered dividend earnings and convenient access to your funds. Money Market Max currently offers higher APYs, while SecureEdge℠ Money Market provides additional insurance protection on qualifying balances, helping members safeguard larger deposits.
-
Which Money Market Account is right for me?
Money Market Max may be a good fit if your primary goal is maximizing earnings on your savings. SecureEdge℠ Money Market may be a better option if you maintain higher balances and value enhanced deposit protection.
-
What is the minimum balance required to earn the highest APY?
Both Money Market Max and SecureEdge℠ Money Market offer their highest APYs on balances of $250,000 or more. Refer to the current rate disclosures for complete balance tiers and dividend information.
-
Does a Money Market Account earn more than a regular savings account?
Money Market Accounts often offer higher dividend rates than traditional savings accounts, making them a popular choice for emergency funds, large purchases, and other savings goals.
-
Can I access my money in a Money Market Account?
Yes. Money Market Accounts provide access to your funds while allowing your savings to earn dividends. They are designed to help members balance earning potential with accessibility.
-
Are Money Market Accounts federally insured?
Yes. Meriwest Money Market Accounts are federally insured by the NCUA up to applicable limits. SecureEdge℠ Money Market also includes additional insurance protection on qualifying balances.
-
Why would someone choose SecureEdge℠ Money Market over Money Market Max?
Some members choose SecureEdge℠ Money Market for its additional insurance coverage, particularly when maintaining larger account balances. This added protection can provide extra peace of mind while still earning competitive dividends.
-
Why would someone choose Money Market Max over SecureEdge℠ Money Market?
Money Market Max may appeal to members focused on earning the highest available APY on qualifying balances while maintaining flexibility and access to their savings.
-
Is a Money Market Account better than a Certificate?
It depends on your goals. Certificates typically require funds to remain on deposit for a set term, while Money Market Accounts provide ongoing access to your funds. Members who want flexibility often prefer a Money Market Account.
-
Can I open a Money Market Account online?
Yes. Both new and existing members can open a Meriwest Money Market Account online. Prospective members can apply for membership and open an eligible Money Market Account during the online account opening process. Once opened, accounts can be conveniently managed through online and mobile banking.
-
What are the benefits of a Money Market Account?
Benefits may include:
- Competitive dividend earnings
- Flexible access to funds
- Tiered APY opportunities
- Federally insured deposits
- Convenient online and mobile account access
-
What is the best Money Market Account at Meriwest?
The best Money Market Account depends on your priorities. Money Market Max is designed for members seeking the highest available APYs on qualifying balances, while SecureEdge℠ Money Market is designed for members who want additional insurance protection for larger deposits. Both accounts offer competitive dividend earnings and convenient access to funds.