Get paid to pay for the stuff you’re already paying for.
10 card swipes per month earns you 3.50% APY
Money Market
The new Money Market Select account from Westerra.
Just 10 qualifying swipes per month on your Westerra consumer debit or credit card earns you 3.50% APY on your daily balance of $100,000 or more. It’s like getting paid to do the daily spending you’re already doing.
Minimum average daily balance.
Ten qualifying swipes per month on your Westerra consumer debit or credit card.
No monthly minimum balance or maintenance fees.
How our Money Market products compare
Money Market | Money Market Select | |
|---|---|---|
Annual Percentage Yield (APY) | ||
Monthly or Maintenance Fees | NO | NO |
Withdrawal Limit | None | None |
Minimum Deposit Requirement | $0 | $0 |
Minimum Balance Requirement | $0 | $100,000* |
Minimum Qualifications | No | Yes** |
*Must maintain average daily balance greater than $100,000 to receive higher rate (APY).**Must meet minimum average daily balance requirement and a minimum of 10 qualified Westerra consumer debit/credit card swipes per month.
Everyday Money (and earning)
Spend and earn with a Westerra Visa® debit card that offers a selection of rewards for you to choose, and is a Bank On Certified account by the national Cities for Financial Empowerment Fund, which ensures low cost, high functionality & consumer safety.
Give your wallet some credit
Pay for daily transactions and bills with a credit card — then pay it off each month. That way, you can earn reward points for cash back and more. It's secure and helps you build that all-important credit score.
Frequently asked Money Market questions
No
Must be a signature, Point of Sale (POS), or bill pay transactions on a consumer VISA® debit card and/or credit card. ATM and cash advance transactions do not count toward the transaction requirement. Transactions must be posted within the statement cycle. Authorizations or holds will not be included in the count. Qualifying card swipes will be counted on the last day of the month prior to dividend posting taking place. Card swipes on all consumer VISA debit and credit cards that live on the same account as the Money Market Select will be included in the total monthly transaction count.
For both our Money Market and Money Market Select product, you will need a Prime Share. However, for our Money Market Select, you will need a Westerra consumer VISA® debit and/or credit card on the same account that completes a total of 10 or more combined qualifying posted card transactions each month during a qualifying statement cycle to earn 3.50% APY. Those products are not required to open a Money Market Select.
Yes. You can order checks for use exclusively with the Money Market or Money Market Select products.
You can move funds into a Money Market share from other Westerra accounts, cash, check, or direct deposit/ACH.
Funds can be accessed through digital banking transfer to other Westerra accounts, writing a check drawn from the Money Market share, or by visiting a branch to withdraw funds as cash or check.
No. Regulation D (REG D) is currently suspended until further notice.
No. You will receive a regular monthly account statement.
Ready to join the Westerra community?
Open an account in 4 minutes and 59 seconds (we timed it).
The higher dividend rate of 3.445% will be paid in any statement month that specific account requirements are met. If requirements are not met the lower dividend rate of .05% is applied for the statement month. *The requirements needed to receive the higher dividend rates are (i) minimum average daily balance of $100,000.00 and (ii) 10 combined debit/credit card purchase transactions that post and clear in the statement month 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.
