Save money the easy way
Simply set up ongoing automatic transfers in digital banking and watch your savings account grow.
Start saving in 4 easy steps
Log in to digital banking
Go to your account in RCU's mobile app or online banking.
Go to Move Money
Click or tap on the Move Money icon.
Start a new transfer
Select Transfer Between Accounts.
Customize and start saving
Select accounts to transfer to and from, enter amount and select desired frequency.
Quick tips for saving
Get paid and save: Schedule an automatic transfer from your direct deposit to your savings. As an added benefit of direct deposit at RCU, you can even get paid early! Learn more.
Save gradually: Transferring just $10 a week can help you save over $500 a year!
Suggested for you
Financial wellness resources
Want to learn more ways to build up your savings? Check out our financial wellness resources to help you with monthly budgeting, building emergency savings, planning for retirement expenses, and more.
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Watch your savings grow, automatically.
Set up automatic savings
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.
Test
Content
Leaving Our Website
You are leaving our website and linking to an alternative website not operated by us. Redwood Credit Union does not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites.