Compare Business Reserve Accounts
Keep operating cash moving and reserve cash working for what’s next. Use this page to compare Sunward’s reserve account options and choose the right fit for liquidity, yield, and coverage.
Explore reserve solutions
Reserve accounts work best when they have a job. Some are built for everyday liquidity, some for higher-yield set-asides, and some for funds you want to place for a fixed term.
| Scroll to compare  | Business Money Maker | Business Sweep Account | Business Term Certificates | |||
|---|---|---|---|---|---|---|
| Best for: | Liquid reserves and set-asides less than $250,000 you may need access to | Larger reserve balances that need added coverage and treasury support | Planned reserves you can set aside for a defined term that give you a predictable yield rate | |||
| Built for reserve separation from operating cash |  | | | |||
| No Monthly Maintenance Fee | | | | |||
| No fixed term commitment | | | - | |||
| Tiered rates that increase with balance | | | - | |||
| Extended NCUA Insurance for balances greater than $250,000 | - | | - | |||
| Schedule an Appointment | Schedule an Appointment | Schedule an Appointment |
Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA).
Merchant services are optional and separately priced.
Banking made better for business reserves
Keep operating cash separate
Use checking for payments and workflow. Use reserve accounts for taxes, buffers, and planned expenses.
Choose access vs timeline
Pick a liquid reserve option for flexibility, or a term certificate when you know when you will use the funds.
Match your balance level
Reserve options can change as balances grow, from basic savings to higher-yield reserve accounts.
Plan for coverage and control
For larger reserves, extended coverage and treasury support may be part of the right setup.
Getting started with reserve accounts
1
Schedule an appointment
Meet with a branch staff to identify the best fit for your checking and reserve accounts.
2
Become business member elligible
We will walk you through the membership options and help you choose the best path.
3
Share documents
Share the required business documents and signer information so we can verify your business and prepare the account opening.
4
Open your account in branch
Your account is opened in the branch most convenient for you.
Start with the right operating account
Reserve accounts work best when paired with the right checking tier. Compare Sunward business checking options by monthly activity, then pair your operating account with the reserve strategy that fits your business.
Compare checking accountsClick here to view the documents required to open a business account
Scroll right to compare
| 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 |