Save up for holiday purchases all year long
Enjoy peace of mind knowing you'll have money to buy gifts for friends and family with a dedicated holiday savings account.
Calculate your savings
Final Balance
Contributions: | Earnings:Savings released on October 31
Keep your holiday savings out of reach until October 31
Avoid the temptation to dip into your holiday savings. Money is tucked safely away all year and gets automatically transferred to your checking account on October 31, so you can start shopping with confidence.
Your hard-earned money is safe
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Received Bauer Financial's 5-star Superior rating for strength based on financial data as of June 30, 2023.
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Named one of America’s Best Credit Unions by Newsweek.
I have been with Redwood for over a decade and I love them for their exceptional service, reasonable rates, and super easy mobile banking."
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Take the stress out of holiday shopping
Save for the holidays all year long with a dedicated holiday savings account.
Rates
All Highlights
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Save for the holidays all year long
Get your friends and family gifts they’ll love without going into credit card debt. With an RCU holiday savings account, you can build your savings throughout the year and have the money when you need it.
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Earn competitive dividends
The more you save, the more you earn. Holiday savings accounts earn dividend rates comparable to similar savings accounts, so you can reach your goals faster.
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Automatic savings
Prepare for holiday spending without even thinking about it. Deposit money into your account with automatic transfers and leave holiday budgeting and planning behind.
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No monthly service charge
Save more money to spend on gifts and celebrations with no monthly service charge on any holiday savings account from RCU.
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Open an account with $5
You don’t need much to start saving for the holidays. To open a holiday savings account, all you need is a $5 initial deposit.
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Dividends compounded quarterly
Earn dividends on your dividends to reach your savings goals even faster. With an RCU holiday savings account, your dividends will compound quarterly.
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Federally insured
All RCU accounts are federally insured by the National Credit Union Association for up to $250,000 per account.
Open a Holiday Savings Account
You can open a holiday savings account over the phone or in-person at an RCU branch.
Need help?
Conveniently schedule a time to meet in person or speak on the phone with one of our team members.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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