Once you have opened a Northwest Dividend Rewards or Debit Rewards Checking account, be sure to open a Northwest Rewards Savings account for an easy way to save. There is no minimum balance required and you'll earn higher dividends when monthly qualifications are met on your Dividend Rewards or Debit Rewards Checking account.
Login to Online Banking today to open your Northwest Rewards Checking & Rewards Savings accounts.
Set aside money for taxes, vacations, holiday purchases, and more with our Savings Club Accounts.
- Set your start date
- Decide how long you want to save
- Make deposits at any time throughout the year(s)
- Money will be automatically transferred to your chosen account on the end date
Help your children learn the importance of saving money for their short- and long-term goals with one of our Youth Club Accounts. They’ll be rewarded with:
- Higher dividends on the first $1,500 saved
- Gift and membership kit at account opening
- Deposit rewards, including $25 bonus* to First Rewards account holders when $500 is saved
Complete a Youth Membership Application to open a Youth Club Account today!
*You will receive $25 as a bonus when your First Rewards savings account balance reaches $500. The $25 bonus will be credited to the savings account by close of business on the first day the balance reaches $500. Offer limited to one bonus per member. The bonus will be reported on the member’s year-end 1099-INT statement.
Financial Education Activities
Save - Spend - Share Jars
Watch Westie's Save-Spend-Share Jar Activity how-to video and download and print your own labels here!
Westie's Activity Book
Click here to download Westie's Activity Book and print your favorite pages!
Savings Rates
ACCOUNT TYPE | OPENING BALANCE | BALANCE TO EARN DIVIDENDS | BALANCE | APY1 |
---|---|---|---|---|
SAVINGS ACCOUNT | $1 | $1 | 0.05% | |
REWARDS SAVINGS2 | No minimum | $0.01 | Up to $50,000
| 1.50%3
0.05% |
YOUTH CLUB ACCOUNT | $1 | $1 | Up to $1,500 Amounts over $1,500 | 2.27% 0.25%4 |
MONEY MARKET | No minimum | $0.01 | Less than $2,500 $2,500-$24,999.99 $25,000-$49,999.99 $50,000-$99,999.99 $100,000-$249,999.99 $250,000-$999,999.99 $1,000,000 or more | 0.64% 0.64% 0.72% 0.74% 0.93% 1.41% 1.46% |
SAVINGS CLUB | No minimum | $0.01 | 0.05% | |
SAVINGS IRA (TRADITIONAL, ROTH, AND EDUCATION) | No minimum | $0.01 | No minimum | 0.20% |
1 APY = Annual Percentage Yield. Rates and terms effective as of 10/31/23 and subject to change without notice. The rates may change after the account is opened. Fees may reduce earnings on the account. Dividends are paid from earnings after transfers to reserves.
2 Only members with a Dividend Rewards or Debit Rewards checking account may open a Rewards Savings account.
3 Amounts over $50,000 earn 0.50% on the portion of the balance over $50,000, resulting in a range from 1.50% to 1.01% APY depending on the account’s balance. APY calculation is based on an assumed balance of $100,000. In order to earn the APY listed, the account qualifications for your Rewards checking account must be met during the Monthly Qualification Cycle.
4 Balances up to $1,500 receive APY of 2.27%; and balances over $1,500 earn 0.25% on the portion over $1,500, resulting in a range from 2.27% to 0.37% APY depending on the account's balance.
View our Schedule of Fees.