Protecting Your Business Earnings
Extended Insurance Account Washington
Secure Your Business with up to $18 million in Protection
Maximize NCUA coverage by distributing funds across trusted partner institutions
Earn competitive interest while protecting every dollar
Secure & Flexible Account Access
How it Works
Sound’s Extended Insurance Account works by automatically distributing your balance in portions under $250,000 across our network of partner credit unions. Each portion remains within standard NCUA insurance limits, allowing us to extend protection up to $18 million total for your business deposits. You’ll maintain complete access to your funds through a single account, with the system handling all the behind-the-scenes distribution to maximize your protection.
How Do I Benefit from an Extended Insurance Account?
With an Extended Insurance Account at Sound, you can keep more of your money in one place—while enjoying added peace of mind. This account allows you to access millions of dollars in NCUA insurance coverage, all through a single Sound account.
Peace of Mind
Your deposits are eligible for millions in extended NCUA insurance coverage.
Competitive Rate
Sound controls the rate paid on these accounts, giving you the opportunity to grow your balances with competitive returns.
One Simple Banking Relationship
No need to open or manage multiple accounts at different institutions. You get expanded insurance coverage while continuing to bank with Sound.
Support Your Community
Your deposits continue to support Sound’s mission and partner credit unions across the country, helping strengthen communities while your money works for you.
Request to be contacted by a Business Services Officer Regarding an Extended Insurance Account
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Extended Insurance Account FAQs
Sound’s Extended Insurance Account is a savings account that provides millions of dollars in extended NCUA insurance on deposits through a single account.
The ModernFi deposit network is a group of credit unions working together to help one another enhance member relationships. The network is a powerful tool that helps credit unions provide extended insurance to members.
We’re in business with business. Open your business savings account at Sound today.
Many business types can apply for their business membership online1.
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Back to top Disclosures
FEDERALLY INSURED BY NCUA
Offers valid for existing or new Sound members. Membership with a savings account at Sound Credit Union is required to participate in the offer. Anyone who lives or works in WA can join.
APY is Annual Percentage Yield. Membership with a Business Savings account at Sound Credit Union is required. See credit union for details.
1Online business account opening is only available to new members whose businesses are either Sole Proprietorships, Single-Member LLCs, Multi-Member LLC (with up to 4 individual members), or General Partnerships. If you’re an existing business member or your business has a different structure, contact our Business Services Team. “Individual members” means people, not corporations, trusts, or other business entities.