Earn dividends without losing access to your money
Money market accounts typically earn higher dividends than regular savings accounts, and you'll always have access to the funds you need.
Overview
Earn higher dividends on your savings while keeping access to your funds. The more you save, the higher your rate. Members with the deepest RCU relationships enjoy our very best rates.
Featured Rate1
View all RatesPremier Money Market
as high as % APYPerformance Money Market3
as high as
%
APY
Qualify for this rate with:
- A minimum balance of $100 to open and earn dividends
- An active checking account with three or more transactions per month (excluding telephone teller, fee or dividend posting transactions).
- And one of the following:
- A monthly digital deposit of $500 or more
- An active RCU credit card
- An active RCU loan
- $5,000 or more invested with Redwood Wealth Management
- Auto, home, or business insurance with RCUIS5
Learn more
Premier Money Market4
as high as
%
APY
Qualify for this rate with:
- $2,500 minimum balance to open
- Active checking account with $500+ digital deposit per month
- RCU Visa w/10+ transactions or $500 spend per month
- And one of the following:
- Open and active loan (in addition to the credit card)
- $5,000 or more invested with Redwood Wealth Management
- Auto, home, or business insurance with RCUIS5
Learn more
Benefits of an RCU Money Market account
Tiered rates
Rates go up with higher balances. The more you save, the more you’ll earn.
Compounding earnings
Dividends are paid monthly and therefore compound over time allowing you to earn on those paid dividends.
Liquid funds
Write checks or move funds in digital banking to swiftly access your money when you need it, with no penalties or waiting periods.
No fees
There are no transaction, monthly, or minimum balance fees with any RCU money market account.
Pay yourself first
Enroll in Simple Save to choose the amount of new deposits you want automatically transferred into your money market account.6
Learn MoreAnd more...
View all benefitsCalculate your savings
Final Balance
Contributions: | Earnings:Your hard-earned money is safe
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Named one of America’s Best Credit Unions by Newsweek.
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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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Rated Best in State Credit Union by Forbes Magazine 3 years in a row.
Suggested For You
Earn more with active checking
Performance and Premier money market accounts are only available to RCU Members who already have an active checking account.
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Put your money to work for you
Reach your financial goals even faster with outstanding money market rates.
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1Rates are effective May 19, 2025 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: $0.00.3Performance Money Market Full Disclosure
You must have an active checking account at RCU and a minimum balance of $100 to open and earn dividends with a Performance Money Market account. To be considered active, your checking account must have a minimum of 3 transactions per month (excluding 24-Hour Telephone Teller, fee or dividend posting transactions) and one of the following: (1) a minimum monthly digital deposit of $500 or more into account. Digital deposit is defined as a deposit made via ACH, mobile deposit, ATM, or wire; (2) an active credit card at RCU. To be considered active, credit card must be in good standing and have a minimum monthly activity of 10 transactions or $500 or more in advances; (3) an open loan at RCU in good standing; (4) an investment account through Redwood Wealth Management with a minimum balance of $5,000 or more, or (5) an active property and casualty insurance policy through RCU Insurance Services.54Premier 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 24-Hour Telephone Teller, fee or dividend posting transactions); (2) a minimum monthly digital deposit of $500 or more into account. Digital deposit is defined as a deposit made via ACH, mobile deposit, ATM, or wire; (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 Redwood Wealth Management with a minimum balance of $5,000 or more, or an active property and casualty insurance policy through RCU Insurance Services5.5Insurance 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.
6Simple Save is an optional service for consumer accounts only. Certain restrictions may apply.
Rates
Checking account online application
Already have an RCU account?
(We’ll pre-fill your application)
If you want to open a separate account e.g. a joint account, you need to apply as a new Member.
New to RCU?
(Only takes 10 minutes, eligibility requirements below)
Eligibility
You can become a Member of RCU if you meet any of the following criteria:
- You live, work or own a business in the counties of Sonoma, Marin, Napa, Mendocino, Lake, San Francisco, Solano, or Contra Costa.
- You are an immediate family member of a current RCU Member.
- You work for a designated Select Employer Group.
Money market online application
Already have an RCU account?
(We’ll pre-fill your application)
New to RCU?
Eligibility
You can become a Member of RCU if you meet any of the following criteria:
- You live, work or own a business in the counties of Sonoma, Marin, Napa, Mendocino, Lake, San Francisco, Solano, or Contra Costa.
- You are an immediate family member of a current RCU Member.
- You work for a designated Select Employer Group.
Money Market Benefits
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Tiered rates
Rates go up with higher balances. The more you save, the more you’ll earn.
-
Compounding earnings
Dividends are paid monthly and therefore compound over time allowing you to earn on those paid dividends.
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Liquid funds
Write checks or move funds in digital banking to swiftly access your money when you need it, with no penalties or waiting periods.
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No fees
There are no transaction, monthly, or minimum balance fees with any RCU money market account.
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Open an account with as little as $100
Get started with a $100 minimum deposit to open a Money Market Growth or Performance Money Market. Then save $2,500 and move to a Premier account to earn even more.
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Easy digital banking
Access your account, make deposits, and conduct transfers with 24/7 online and mobile banking.
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Federally Insured
Redwood Credit Union's accounts are federally insured by the National Credit Union Association for a minimum of $250,000.
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Automatic transfers
Automate your savings strategy with scheduled transfers in digital banking. Move a set amount from your checking to your money market account when it works best for you.
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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