Business Money Maker Account
Keep your reserves liquid and earning with tiered APY. Built for the business cash you may need to use.
SCHEDULE AN APPOINTMENTFederally insured by NCUA.
Put reserve cash to work without locking it up
Business Money Maker is designed for liquid reserves and planned set-asides. It helps you earn on cash your business keeps on hand while keeping your operating checking separate and easier to manage.
Why businesses choose Business Money Maker
No-cost automatic sweeps
Use no-cost automatic sweeps to move excess funds into Business Money Maker and keep your checking account focused on day-to-day activity.
Tiered APY on real business balances
Meaningful rate step-ups begin as your reserve balance grows, including key tiers at $50,000 and $100,000.
No monthly maintenance fee
Keep more of what you earn. Business Money Maker has no monthly maintenance fee and no minimum deposit to open.
Flexible access when needed
Includes check writing and ACH capabilities, so you can move reserve funds when the time is right. Limited check writing allows up to six checks per month.
Business Money Maker rates
| Balance | Dividend Rate 1 | APY2 |
|---|---|---|
| $0.01 - $2,499.99 | 0% DR | 0% APY |
| $2,500.00 - $24,999.99 | 0.75% DR | 0.75% APY |
| $25,000.00 - $49,999.99 | 1.00% DR | 1.01% APY |
| $50,000.00 - $99,999.99 | 2.00% DR | 2.02% APY |
| $100,000.00 - $249,999.99 | 2.50% DR | 2.53% APY |
| $250,000.00+ | 2.75% DR | 2.79% APY |
Business Money Maker Accounts cannot be used for courtesy pay or bill payments in Sunward online and mobile banking.
1Dividend rate and APY may change at the discretion of the Board of Directors.
2APY = Annual Percentage Yield. DR = Dividend rate. APY applies if dividends are not withdrawn during the term.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 are determined at the time of investment. Membership required.
Built to pair with business checking
Business Money Maker works best as your reserve companion account, while your business checking handles daily transactions. This gives you a cleaner cash setup with one place for operations and one place for reserves.
Compare Business Checking AccountsGetting started with Business Money Maker
1
Schedule an appointment
A Sunward Expert will confirm fit, answer questions, and walk you through how the account works for your reserve balances.
2
Open your account
We will walk you through the account setup and any required business documentation.
3
Fund your reserves
Move funds into Business Money Maker for tax set-asides, payroll buffers, and other planned reserves.
4
Track balance tiers and manage funds
Monitor your reserve balance and APY tier, and move funds as needed while keeping your operating cash in business checking.
Need more coverage for larger balances?
For larger reserve balances, ask us about the Business Sweep Account. Eligible businesses access extended NCUA share insurance through participating credit unions while keeping one relationship with Sunward and clear visibility into where funds are placed.
Explore The Business Sweep AccountClick here to view the documents required to open a business account
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| Documents Required | Sole Proprietorship | LLC | Corporation (S, C, and Non-Profit) | General Partnership | LP, LLP, LLLP | Club Account | Public Funds Account (NM entities only) |
|---|---|---|---|---|---|---|---|
| ID information for all signers | X | X | X | X | X | X | X |
|
Tax ID
EIN letter or a tax return from the last 2 tax years - must show as filed |
EIN/SSN | EIN/SSN | EIN | EIN | EIN | EIN/SSN | EIN |
|
Articles of Organization
Must be a stamped copy or the online certification shown as filed by the state |
X | ||||||
|
Articles of Incorporation
Must be a stamped copy or the online certification shown as filed by the state |
X | ||||||
|
Business License
Must show the DBA name and business owner's name or business name or Business License and State-issued Taxation and Revenue Department Registration Certificateif the Business License does not display the owner’s name or business name |
X | X (only if using trade name/DBA) |
X (only if using trade name/DBA) |
X (only if using trade name/DBA) |
X (only if using trade name/DBA) |
||
|
Foreign Registration
Required if business is registered outside NM, CA, CO, AZ, TX, UT, NV and is doing business in one of these states |
X | X | X | X | |||
|
Operating Agreement
or
Alternative Document (signed letter/meeting minutes)
specifying who is authorized to establish membership |
X | ||||||
|
By-Laws
or
Alternative Document (signed letter/meeting minutes)
specifying who is authorized to establish membership |
X | ||||||
|
Partnership Agreement
or
Articles of Partnership
or
Alternative Document (signed letter/meeting minutes)
specifying who is authorized to establish membership |
X | X | |||||
|
Meeting Minutes
specifying who is authorized to establish membership |
X | ||||||
|
Letter of Instruction
specifying who is authorized to establish membership (must be signed by an official) |
X | ||||||
|
Letter from Sponsoring Organization if using sponsor's EIN |
X |