Business Rate Disclosure - Business Rates Checking
BUSINESS ACCOUNT RATE DISCLOSURE
Since 1950 Redwood Credit Union (RCU) has been passionately serving the best interests of our Members, employees and communities. Offering a full range of value-added products and services, we are proud to partner with you to help you meet your financial goals and dreams. From mortgage loans to money market accounts, RCU has a product designed to meet your needs. Thank you for allowing us to serve you!
Annual Percentage Yield= APY. Deposits insured to $250,000 by the NCUA, a US Government Agency. The stated APY assumes that dividend remain in the account until maturity. Withdrawal of dividends before maturity will reduce earnings. See separate Cost Recovery Schedule for all fees.
Special Account Disclosures: If the account you are opening includes one of the special accounts listed below, the following terms also apply:
- Balance Money Market Account: $2,500 minimum balance required and must establish and maintain an active RCU Checking Account. If checking becomes inactive and does not become active again within 3 months while Balance Money market remains open, the account and yield will convert to RCU’s Money Market Growth account on the 1st of the month following the inactive date.
Rev. 03/28/2016 Form # Ops - 5043