1Rates are effective November 28, 2023 and are subject to change without notice. APY=Annual Percentage Yield. Fees may reduce earnings.
2Money Market Growth Disclosure
Minimum balance to open account: $100.00. Minimum balance to avoid a fee: $0.00.
3Balance Money Market Disclosure
Minimum balance to open an account: $2,500.00. Minimum balance to avoid a fee: $0.00. Must establish and maintain an active RCU checking account. Active checking is defined as a checking account having three or more transactions per month (excluding telephone teller and dividend posting transactions). Balances under $2,500 earn 0.00% APY.
4Premier Money Market Full Disclosure
Minimum balance of $2,500 to earn dividends and (1) an active checking account at RCU. To be considered active, checking account must have a minimum of 3 transactions per month (excluding transactions performed through the Telephone Teller, and dividend posting); (2) a minimum monthly ACH deposit of $500.00 or more into account; (3) an active credit card at RCU. To be considered active, credit card must be in good standing and have a minimum monthly activity 10 transactions or $500 or more in advances; and (4) an open loan at RCU in good standing, an investment account through RCU and CUSO Financial Services, L.P.5 with at minimum balance of $5,000 or more, or an active property and casualty insurance policy through RCU Insurance Services6.
5Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members. SEC Marketing Disclosure.
6Insurance products are not deposits of Redwood Credit Union and are not protected by the NCUA. They are not an obligation of or guaranteed by Redwood Credit Union and may be subject to risk. Any insurance required as a condition of an extension of credit by Redwood Credit Union need not be purchased from Redwood Credit Union and may be purchased from an agent or an insurance company of the member’s choice. RCU Insurance Services is a wholly owned subsidiary of Redwood Credit Union. Business conducted with RCU Insurance Services is separate and distinct from any business conducted with Redwood Credit Union. License no. 0D91054. NPN no. 7612227.