Get a great savings rate when you bank with RCU
Kick back and enjoy high-yield savings to complement your other RCU accounts.
Overview
No matter what you’re saving for, Performance Money Market offers highly competitive rates and easy qualifying to help you reach your savings goals.
Rates1
View all RatesPerformance Money Market
as high as % APY
Don’t let your money sit idle
Open a Performance Money Market account and earn up to 5x more than the national average on traditional savings accounts.
Here’s how to qualify for Performance Money Market rates
Have a minimum balance of $100 to earn dividends
Have an active checking account with a three or more transactions per month (excluding telephone teller, fee or dividend posting transactions)
Have one of the following: a monthly digital deposit2 of $500+, an active RCU credit card, loan, $5,000+ investment with Redwood Wealth Management, or home, auto, or business insurance with RCUIS3
Calculate 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 May 30, 2024.
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Rated Best in State Credit Union by Forbes Magazine 3 years in a row.
Get qualified for Performance Money Market rates
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Make saving and earning easy
Get a great savings rate when you bank with RCU.
Rates
Money market 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.
All Highlights
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IRA options available
Ask for a Traditional or Roth IRA account structure for tax benefits.
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Full liquidity
Withdraw and deposit funds as often as you wish without penalties.
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Tiered rates
Earn more as you save more. Start with $100 and watch your dividend rate increase with each tier you reach.
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No fees
There are no transaction, monthly, or minimum balance fees with this account.
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Compounding dividends
Watch your savings add up with compounding dividends that are paid out each month.
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Easy digital banking
Access your account, make deposits, and transfer funds with 24/7 digital banking.
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Federally insured
Redwood Credit Union's accounts are federally insured by the NCUA 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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