Built for flexibility. Backed by stability.
When rates feel less predictable, the FLEX Account offers a steadier way to save, with a guaranteed return for the 16-month term and more flexibility than a traditional certificate.
Traditional certificates can offer strong rates, but funds are often locked up for the full term. With Sunward’s FLEX Account, you can lock in a great rate, add funds throughout the term, and withdraw up to 50% of your balance once per calendar month without penalty.
Open a FLEX Account with $500 or more. For a limited time, bring $100,000 or more in a new FLEX Account and earn 4.00% APY* on your entire balance.
The FLEX Account is available to personal and business members. Business members can schedule an appointment below to open an account.
For a limited time, earn 4.00% APY on deposits of $100,000 or more. Standard FLEX Accounts earn 3.50% APY with a $500 minimum opening deposit.
Promotional Minimum Deposit for 4.00% APY: $100,000
Standard Minimum Deposit for 3.50% APY: $500
Standard Term
3.45% DR
3.50% APY
Promotional Term
3.93% DR
4.00% APY
Rates effective as of:
*APY = Annual Percentage Yield. DR = Dividend Rate.
APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. Government. Yields determined at the time of investment. Dividend rate and APY may change at the discretion of the Board of Directors. During the term of this Flex Term Certificate, the account owner may withdraw up to 50% of the account balance once per calendar month without penalty. If more than 50% of the balance is withdrawn, a penalty will be applied to the amount exceeding 50% that is equivalent to 180 days’ worth of dividends on the remaining amount. Withdrawals that reduce your qualifying balance will result in a lower rate for the remaining balance and term. The 4.00% APY is a promotional rate available for a limited time. Available to personal and business members.
No. Because our IRA accounts already have built-in flexibility, we are not offering this product for IRA accounts.
Curious about the flexible options with our IRAs? Learn more here or contact us.
Due to restrictions in place, FLEX Account withdrawals cannot be made at an ATM.
Yes. Deposits can be made at any time at a branch or in online or mobile banking throughout the term of the certificate. Due to restrictions in place, funds cannot be deposited at an ATM.
No. Your FLEX Account cannot be used for payments made by swiping a debit card.
Due to restrictions in place, withdrawals cannot be made to FLEX Accounts through online and mobile banking. Therefore, they cannot be used to pay bills in online or mobile banking.
No. Zelle is only used with checking account funds.
Stop by a branch to make a withdrawal. Due to restrictions in place, FLEX Account withdrawals cannot be made through Sunward online or mobile banking or at an ATM. You can withdraw up to 50% of the funds in your FLEX Account once per calendar month without incurring a penalty fee.
Absolutely! Apply for a FLEX Account online, from within online or mobile banking, by visiting a branch, or by calling 505.293.0500 or 800.947.5328.
No – You can deposit as much as you would like to your FLEX Account.
Existing Sunward members can establish a FLEX Account with as little as $500. To open a new Sunward membership and apply for a FLEX Account, a share savings account must also be established with as little as $1.
The FLEX Account is not a temporary or “special” product. However, Sunward may choose to change the rate and/or stop offering new certificates of this type at a future date due to rate /pricing environment changes or other considerations.
If you want to withdraw more than 50% of a FLEX Account amount, the penalty will be applied to the second 50% of the balance. The penalty is equivalent to 180 days' worth of dividends on the remaining amount. If withdrawing funds below the $500.00 minimum, this will result in closing the certificate.
The FLEX Account is Sunward’s 16-month term certificate that offers a high dividend rate combined with the ability to withdraw up to 50% of its deposited funds up to once per calendar month without incurring a penalty fee for the account owner. Traditional term certificates, known as certificates of deposit (CDs) at banks, typically do not allow for the removal of deposits until the full term has elapsed.
The FLEX Account is also different in that it allows additional funds to be deposited at any time.
FLEX Accounts are designed for anyone who wants a higher yield on their deposits while keeping their money available when they need it. They’re a great way to save up for an emergency fund, or to achieve a financial goal such as saving for a vacation or a down payment on a home. Members with little to no money in savings, and/or those who do not want to lock their funds in a long-term certificate account, are also great candidates for this type of offering.
Current Sunward personal and business members can apply for a FLEX Account online using the link at the top of this page, from within online or mobile banking, by visiting a branch, or by calling 505.293.0500 or 800.947.5328.
Non-members can apply for membership and a FLEX Account at the same time using the link at the top of this page. Membership eligibility requirements apply. Learn more about joining Sunward.
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