Get paid to pay for the stuff you’re already paying for.
10 card swipes per month can earn you up to 4.00% APY on your Money Market Select account.
Money Market
Money Market Select account from Westerra.
Just 10 swipes per month on your Westerra consumer debit or credit card can earn you up to 4.00% APY on your daily balance of $100,000 or more.
No monthly minimum balance
Ten swipes per month on your Westerra debit or credit card
maintenance fees.
How our Money Market accounts 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 | $0 |
Minimum Qualifications | No | Yes* |
*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)
A checking account for the way you live (and spend) today. No monthly fees. No minimum balance required. Plus a debit card that helps you earn rewards. Checks optional.
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 account 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.
Have any questions?
Schedule an appointment to speak with us remotely or at a branch
The dividend rate paid is based on the minimum average daily balance to the corresponding tier in any statement month that the specific account requirements are met. If the requirements are not met, the dividend rate of .05% APY is applied for the statement month. The requirements needed to receive the dividend rate are (i) minimum average daily balance that corresponds to the desired rate, (ii) 10 combined debit/credit card purchase transactions that post and clear in the statement months (i), 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.
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