A share (savings) account is required to establish membership with Southwest. A share account is a dividend bearing account where funds are placed for an infinite period of time.

Dividends are declared by Southwest’s Board of Directors and paid at the end of each quarter. A minimum deposit of $5 is required to open your account. These funds remain in your account until it is closed.

Share Savings Rates

Minimum Balance**Dividend RateAPY*

**The minimum balance requirement applies to primary share accounts only.

The dividend rate is determined at the end of each quarter.  Dividend rate disclosure is for Jan. 01, 2024 through Mar. 31, 2024.

*The Annual Percentage Yield (APY) assumes that the principal balance will remain on deposit until maturity. An early withdrawal of the principal balance will reduce earnings.


Savings Calculators

How long until I reach my savings goal?

How much should I save for college?

How can I save for a big ticket item?

How much will my CD be worth at maturity?

The accuracy of these calculators and their applicability to your circumstances are not guaranteed.  Results should be discussed with a qualified professional before any product purchases or loan commitments are made.