DENVER–Westerra Credit Union has launched a “Money Market Select” account it said is designed to let its members earn while they spend by maximizing the value of their daily transactions.
The account is paying 3.50% APY on daily balances of $100,000 or more and which have 10 qualifying swipes per month on a member’s consumer debit or credit card.
“Because the Money Market Select account seamlessly integrates with existing financial routines, members won't need to make major changes to their spending habits to unlock its benefits,” the $2-billion credit union said in announcing the product.
Westerra added its employees are available to ensure members understand how the features work.
To ‘Reward’ Members
“This new product has been designed to reward individuals as they manage their finances,” said Chief Marketing Officer Wade Paschall. “Simply by engaging in their regular spending routines, Westerra members can earn substantial returns on their account balance and effectively turn their routine expenses into a rewarding financial strategy.”
Westerra has more than 123,000 members.
Are You Being Gouged for Bank-Like Subscription Fees for Old News? Here’s a CU-Like Way to Fix That
The biggest, best and freshest news reporting in credit unions remains free! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news”” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?