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
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
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.