Last Updated: 04/18/2025
Sound Credit Union Business High-Yield Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
2.02%(Verified 07/09/2024)
Minimum Balance to Earn APY
$0
Minimum Opening Deposit
$0
Sound Credit Union Business High-Yield Money Market Account Review
Sound Credit Union Business High-Yield Money Market Account is offered by Sound Credit Union, a credit union founded in 1940 and based in Tacoma, WA. Sound Credit Union Business High-Yield Money Market Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2.02%, which is much higher than the national average for a money market account.
- No APY minimum balance. There is no minimum amount you have to deposit to start earning dividends with this money market account.
- No minimum initial deposit. There is no minimum balance required to open an account.
Pros & Cons of Sound Credit Union Business High-Yield Money Market Account
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Sound Credit Union Business High-Yield Money Market Account FAQ
Are money market accounts from Sound Credit Union federally insured?
Yes, your money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What are the dividends for Sound Credit Union Business High-Yield Money Market Account rates?
| Rates | Amount |
| APY | 2.02% |
Sound Credit Union Business High-Yield Money Market Account offers an APY of up to 2.02% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $0.00. This is higher than the typical APY for online-only checking accounts, which is around 1% APY.
What are the fees for Sound Credit Union Business High-Yield Money Market Account?
Sound Credit Union Business High-Yield Money Market Account does not charge a monthly maintenance fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $2.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $29.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Sound Credit Union Business High-Yield Money Market Account?
No minimum initial deposit. Sound Credit Union does not require a minimum initial deposit to open an account.
What features and perks does Sound Credit Union Business High-Yield Money Market Account offer?
This account does not seem to offer any of the features and perks we track.
What is the customer service phone number?
The customer service number for this account is (800) 562-8130.
What is the support contact email?
The support contact email for this business credit card is social@soundcu.com.
How to open an account with Sound Credit Union
- Visit the Sound Credit Union website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed