Relax and watch your money grow
Lock in a great rate and start earning monthly dividends.
Overview
Now is a great time to sit back, relax, and watch your money grow with a savings certificate. Get our best rates when you maintain an active checking account with RCU.1
Rates1
View all ratesWith active checking
Earn up to % APYStandard (without active checking)
Earn up to % APYCalculate your savings
Final Balance
Contributions: | Earnings:-
1
Apply online
It takes just minutes. Have your Social Security number and driver's license or valid ID handy.
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2
Deposit money
Move money into your new account so you can start using it.
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3
Manage your money online
Easily manage your money with online and mobile banking.
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 don't usually write reviews but this branch is worth going the extra mile to thank. Kind, courteous customer service and a great affinity for detail. They are like a regular bank except you are their investors and they treat you like a person because of that."
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Ready to earn more on your savings?
Earn a higher rate on your savings with a federally-insured savings certificate.
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1APY = Annual Percentage Yield. Certificate yields assume dividends remain in account until maturity, penalty imposed for early withdrawal. Fees may reduce earnings. Rates effective July 26, 2024 and are subject to change. To open, obtain, and maintain the advertised rate for the certificate, you must have a $1,000 deposit and an active checking account at RCU. Active checking is defined as a checking account having three or more transactions per month (excluding telephone teller or dividend posting transactions).
2One-time optional rate bump-up option and add-on option must be requested at the time of account opening and can be done at an RCU branch or by phone. Feature(s) not available in digital banking. Feature(s) only available during initial term of certificate of deposit.
3Consult a tax advisor for specific tax implications.
4Certificate yields assume dividends remain in the account until maturity; penalty imposed for early withdrawals and is based on the term of the certificate and how many days the certificate has been opened. If funds are withdrawn within 6 days of opening, the penalty will be 7 days’ dividends, and may reduce principal. On a certificate with a 3-month term, the penalty is the lesser of dividends earned or 45 days’ dividends. On a certificate with a 4- to 23-month term, the penalty is the lesser of dividends earned or 90 days’ dividends. On a certificate with a 24-month term or longer, the penalty is the lesser of dividends earned or 180 days’ dividends. Fees may reduce earnings.
All Highlights
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Bump-up option2
This feature lets you "bump up" to a new, higher rate one time if rates increase during your certificate term. This will decrease your initial rate by 0.10%.
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Add-on option2
Choose the “add-on” option at the time of account opening and you’ll be able to deposit additional funds at any time. ($500 minimum.) This will decrease your initial rate by 0.10%.
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Dividends compounded monthly
By compounding dividends every month, you earn dividends on your dividends.
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Flexible dividend payments
Choose how to receive dividends: reinvest, transfer to another account, or get a monthly check.
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Flexible terms
Choose terms from 3 months to 5 years depending on what works best for you.
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Higher dividends
Earn more dividends than you could from checking or short-term savings accounts.
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IRA option3
With an individual retirement account (IRA), you can enjoy tax advantages on your dividend earnings.
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Federally insured
Redwood Credit Union's accounts are federally insured by the NCUA for a minimum of $250,000.
Rates
Short Term Certificate Rates
Short term with active checking
9-11 month certificates
Earn up to
%
APY
Short term without active checking
9-11 month certificates
Earn up to
%
APY
Long Term Certificate Rates
Long term with active checking
18-21 month certificates
Earn up to
4.00
%
APY
Long term without active checking
18-21 month certificates
Earn up to
3.00
%
APY
Certificate online application
Get the Bump-Up and Add-On options
To open an account with bump-up and add-on options, visit your nearest branch or call 1 (800) 479‑7928.
Already have an RCU account?
(We’ll pre-fill your application)
Learn how to open your savings certificate online.
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.
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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