As a business owner, you deserve to make the most of your money
Open a business money market account that offers higher dividends and allows you to withdraw at any time.
Overview
Know you’re making the most of your business’s money and taking a responsible and efficient step to support your company’s financial future by saving with a business money market account.
Featured rate1
View all ratesPremier Money Market
as high as % APYBusiness Money Market Growth2
as high as
%
APY
Business Performance Money Market3
as high as
%
APY
Qualify for this rate with:
- A minimum balance of $100 to open and earn dividends
- An active checking account with three or more transactions per month (excluding telephone teller, fee or dividend posting transactions).
- And one of the following:
- A monthly digital deposit of $500 or more
- An active RCU credit card
- An active RCU loan
- $5,000 or more invested with Redwood Wealth Management
- Auto, home, or business insurance with RCUIS5
Business Premier Money Market4
as high as
%
APY
Qualify for this rate with:
- $2,500 minimum balance to open
- Active checking account with $500+ digital 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 invested with Redwood Wealth Management
- Auto, home, or business insurance with RCUIS5
Benefits of an RCU Business Money Market account
Tiered rates
Rates go up with higher balances. The more you save, the more you’ll earn.
Compounding earnings
Dividends are paid monthly and therefore compound over time allowing you to earn on those paid dividends.
Liquid funds
Write checks or move funds in digital banking to swiftly access your money when you need it, with no penalties or waiting periods.
No fees
There are no transaction, monthly, or minimum balance fees with any RCU money market account.
And more...
View all benefitsCalculate your savings
Final Balance
Contributions: | Earnings: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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Rated #1 healthiest credit union in California according to Glatt Consulting’s 2023 Credit Union Industry HealthScore
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
When it comes to your growing company, you deserve only the best
Open a business money market account that pays dividends and allows you to withdraw funds when you need them.
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1 Rates are effective October 29, 2024 and are subject to change without notice. APY=Annual Percentage Yield. Fees may reduce earnings.
2Money Market Growth Disclosure
Minimum balance to open account: $100.00. Minimum balance to avoid a fee: $0.00.3Business Performance Money Market Full Disclosure
You must have an active checking account at RCU and a minimum balance of $100 to open and earn dividends with a Performance Money Market account. To be considered active, your checking account must have a minimum of 3 transactions per month (excluding transactions performed through the 24-Hour Telephone Teller, and dividend posting) and one of the following: (1) a minimum monthly digital deposit of $500 or more into account. Digital deposit is defined as a deposit made via ACH, mobile deposit, ATM, or wire; (2) 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; (3) an open loan at RCU in good standing; (4) an investment account through Redwood Wealth Management with a minimum balance of $5,000 or more, or (5) an active property and casualty insurance policy through RCU Insurance Services.54Business Premier Money Market Full Disclosure
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 digital deposit of $500 or more into account. Digital deposit is defined as a deposit made via ACH, mobile deposit, ATM, or wire; (3) an active credit card at RCU. To be considered active, credit card must be in good standing and have a minimum monthly activity 10 transactions or $500 or more in advances; and (4) an open loan at RCU in good standing, an investment account through Redwood Wealth Management with at minimum balance of $5,000 or more, or an active property and casualty insurance policy through RCU Insurance Services5.5Insurance 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 with Redwood Credit Union. License no. 0D91054. NPN no. 7612227.
Rates
Business money market online 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.
Money Market Benefits
Tiered rates
Rates go up with higher balances. The more you save, the more you’ll earn.
Compounding earnings
Dividends are paid monthly and therefore compound over time allowing you to earn on those paid dividends.
Liquid funds
Write checks or move funds in digital banking to swiftly access your money when you need it, with no penalties or waiting periods.
No fees
There are no transaction, monthly, or minimum balance fees with any RCU money market account.
Open an account with as little as $100
Get started with a $100 minimum deposit to open a Money Market Growth or Performance Money Market. Then save $2,500 and move to a Premier account to earn even more.
Easy digital banking
Access your account, make deposits, and conduct transfers with 24/7 online and mobile banking.
Federally Insured
All RCU deposit accounts are federally insured by the National Credit Union Association for up to $250,000.
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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