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High-Yield Savings Account Parkland

You work hard for your money. Let it return the favor with a High-Yield Savings Account!

Are you looking to secure your financial future? Explore the benefits of a high-yield savings account, a smart choice to put you on the path to achieving your financial goals. At Sound Credit Union, we appreciate the importance of forward planning, which is why our high-yield savings account is carefully crafted to help your savings flourish.

Imagine a savings account that not only safeguards your funds but also accelerates their growth. When you choose to open a Sound Credit Union high-yield savings account at our Kent branch, you’re not just getting an account; you’re embracing the credit union difference – a commitment to your financial success embedded in everything we do.

Conveniently located at Parkland , we hope you’ll stop by to experience the difference today!

High-Yield Money Market Accounts

Accelerate your savings with a High-Yield Money Market account. Ideal for those who maintain a high balance, our tiered accounts offer a higher rate of return than traditional savings accounts and still allow you access to your funds 24 hours a day.

  • Earn a high-yield dividend rate
  • No monthly fee
Open an Account

Requires Sound membership. A $10 per check fee will be assessed if more than three checks are written in one month.


Lock in a high rate and guaranteed return. Interest is compounded monthly and accounts can be easily rolled over once they reach maturity.

Basic Certificate

  • Minimum deposit of $500
  • Terms range from 3 to 60 months

Bump Certificate1

  • Get a one-time bump to a higher rate
  • Add to your balance with one additional deposit

Flex Certificate2

  • Make a one-time withdrawal during your term
  • Option to make a one-time deposit or bump to a higher rate

Jumbo Certificate

  • Earn even higher dividend on balances of $100,000 or more
  • Terms range from 6 to 60 months
Open an Account

Requires Sound membership. Early withdrawal penalties apply and may reduce earnings.
1 Minimum balance is $2,500. Rate Bump: One time upon request, we will increase your rate to the current Bump Certificate rate at the same term. The new dividend will not be applied retroactively. Penalty-Free Deposit: One-time additional deposit must be a minimum of $1,000 and cannot make the certificate exceed its maximum balance of $250,000.
2 Add-on option: Minimum addition is $1,000; maximum is $75,000. Bump option: Upon request, rate will be increased to current Flex Certificate rate. Withdrawal option: Withdrawal amount cannot reduce the balance to less than the $2,500 minimum.

Individual Retirement Accounts

Saving for retirement? IRAs are a flexible savings option with potential tax benefits*, making them a great way to supplement a 401(k) or other employer-sponsored plan.

Compare IRAs

Traditional IRA

Roth IRA

Good for those who want: 

Traditional IRA

– Deductions now

– Have income too high to qualify for a Roth IRA

– Expect to be in a lower tax bracket in retirement

Roth IRA

– Tax-free withdrawals in retirement

– No required minimum distributions at 70 1/2

– Expect to be in the same or higher tax bracket in retirement

Tax deduction on contributions*

Traditional IRA

Roth IRA

Tax-deferred earnings*

Traditional IRA

Roth IRA

Tax-free growth on earnings*

Traditional IRA

Roth IRA

Tax-free withdrawals during retirement*

Traditional IRA

Roth IRA

Required minimum distribution after 70 1/2

Traditional IRA

Roth IRA

Available as a Savings Account (view rates)

Traditional IRA

Roth IRA

Available as a Certificate Account (view rates)

Traditional IRA

Roth IRA

No annual maintenance fees

Traditional IRA

Roth IRA

Open Online


Have a Simplified Employee Pension (SEP) with your employer? Open your SEP IRA online and start saving for retirement today.

Open Online

IRA Transfers and Rollovers

If you have an IRA at a different bank, simplify your finances by transferring- or rolling-over those funds to your Sound IRA. Call our Contact Center or visit your local branch to get started.

*For specific tax advice, consult your tax advisor. Requires a minimum $25 deposit.

Education Savings Accounts

A Coverdell Education Savings Account (ESA) is a tax-favored account that helps pay for qualifying college and K-12 education expenses. Earnings on contributions may be tax-free and qualifying withdrawals are tax- and penalty-free.* You can even easily change beneficiaries should education priorities change.

ESA Requirements

  • The beneficiary must be under age 18, unless they are special needs
  • All funds must be used by age 30
  • Responsible individual on the account must be a parent or legal guardian of the beneficiary
  • Annual contribution maximum is $2,000
Open Online

*For specific tax advice, consult your tax advisor.

Easy Online and Mobile Transfers

Send cash where you need it with real-time online transfers.

Mobile Deposit

Deposit checks into your high interest savings account using Mobile Deposit on the Sound mobile app.

Learn More »

Take a Fresh Look at Your Finances

You have future goals, but how do you get there? Let our CFS Advisors guide share options and guide you down the path to financial success.

Investments offered through CUSO Financial Services, L.P. (CFS)

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High Yield Savings Long Form Text

Get the answers you need about High Interest Savings Accounts

High-interest savings accounts are bank deposit accounts that typically pay a higher interest rate that traditional savings accounts with better returns than traditional savings and checking accounts.

Sound Credit Union offers High-Interest Savings Accounts. Learn More »

To open a high-interest savings account you’ll need your application materials, complete a provided application, and make an opening deposit, if required. High-interest savings accounts can be opened online or at any branch location.

Sound Credit Union offers High-Interest Savings Accounts. Learn More »

Have more questions? Let our experts help.

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