Achieve high-yield savings
Enjoy our best rates as a benefit of having your full banking relationship with RCU.
Overview
Being a Member of Redwood Credit Union has great benefits—and the Premier money market is one of the best. When you have other active accounts with RCU, you earn incomparable money market rates, too.
These rates are so good, even WalletHub included RCU’s Premier money market on their list of 2023 Best Credit Union Money Market Rates.
Calculate your savings
Final Balance
Contributions: | Earnings:-
Premier money market benefits
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Full liquidity
Withdraw and deposit funds as often as you wish without penalties.
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Easy online banking
Access your account, make deposits and conduct transfers with 24/7 online and mobile banking.
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Tiered rates
Rates go up with higher balances. The more you save, the more you’ll earn.
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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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Federally insured
All RCU accounts are federally insured by the National Credit Union Association for up to $250,000 per account.
Here’s how to qualify for Premier money market rates
Have a minimum balance of $2,500
Have an active checking account and $500+ direct deposit per month
Have an RCU active credit card with 10+ transactions or $500 spend per month
Have one of the following: an active RCU loan, a CFS investments account,2 or an RCUIS insurance policy.3
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Good to know
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90-day grace period
You can open a Premier money market account with just an active checking account then add your other required accounts over the next 90 days to start earning top rates.
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Minimum balance to open is $2,500
You must deposit $2,500 or more to open a Premier money market account. Dividends earned on balances of $2,500 and more.
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.
Money Market Growth2
as high as
%
APY
Balance Money Market3
as high as
%
APY
WalletHub Best Money Market AccountPremier Money Market4
as high as
%
APY
How to qualify:
- $2,500 minimum balance to open
- Active checking account with $500+ direct 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 with our CFS investments team5
- Insurance with RCU Insurance Services6
Rates1
View all RatesPremier Money Market and more...
as high as % APYGet qualified for Premier money market rates
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Your relationship means the world to us
Enjoy the benefits and start earning our very best money market rates.
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1Premier Money Market Yields as of December 21, 2024. All rates, yields, terms, and special offers are subject to change without notice. Certain restrictions may apply. APY=Annual Percentage Yield. APY is a variable rate. Fees may reduce earnings. 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 transactions performed through the Telephone Teller, and dividend posting); (2) a minimum monthly ACH deposit of $500.00 or more into account; (3) 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; and (4) an open loan at RCU in good standing, an investment account through RCU and our partners CUSO Financial Services, L.P. with at minimum balance of $5,000 or more,2 or an active property and casualty insurance policy through RCU Insurance Services.3
2Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.
3Insurance 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.
Premier Money Market Rates
Rates
Money market online application
Not a Member?
Become a Member and open your money market account. Review our Membership requirements below to determine if you are eligible.
You can become a Member of RCU if you meet any of the following:
- 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 application
You can open a Premier Money Market account in-person at an RCU branch.
Need help?
Conveniently schedule a time to meet in person or speak on the phone with one of our team members.
Already a Member?
Give us a call to review your accounts and open your money market.
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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