Active Members enjoy our highest-yield savings
Earn up to % APY1 with our Premiere Money Market when you meet qualifying activities. Learn How.
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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 June 30, 2023.
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Rated Best in State Credit Union by Forbes Magazine 3 years in a row
Premier Money Market comes out on top
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’re eligible to 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.
Not ready for the Premier Money Market? Check out our other money market options.
Current rates
Money Market Growth2
as high as%APY
Balance Money Market3
as high as%APR
Premier Money Market4
as high as%APY
Calculate your earnings
Final Balance
Contributions: | Earnings: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
Benefits of an RCU 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 allHow to qualify for Premier Money Market rates
Active checking
Have an active checking account and $500+ direct deposit per month.
Active credit card
Have an RCU credit card with 10+ transactions or $500 spend per month.
Choice of active account
Have one of the following: an active RCU loan, a CFS investments account,5 or an RCUIS insurance policy6.
$2,500 minimum
Save a minimum of $2,500 to open a Premier Money Market account.
Joining is the first step in unlocking our best rates
Redwood Credit Union's Premier Money Market is our way of saying 'Thank You' to our most supportive Members. With unbeatable rates as high as 4.75% APY, your savings turn into a high-yield advantage. When you meet all your banking needs with Redwood, you'll experience the benefits of RCU Membership while your money works harder for you.
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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1Rates are effective May 2, 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: $0.00.3Balance Money Market Disclosure
Minimum balance to open an account: $2,500.00. Minimum balance to avoid a fee: $0.00. Must establish and maintain an active RCU checking account. Active checking is defined as a checking account having three or more transactions per month (excluding telephone teller and dividend posting transactions). Balances under $2,500 earn 0.00% APY.4Premier 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 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 10 transactions or $500 or more in advances; and (4) an open loan at RCU in good standing, an investment account through RCU and CUSO Financial Services, L.P.5 with at minimum balance of $5,000 or more, or an active property and casualty insurance policy through RCU Insurance Services6.5Non-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. SEC Marketing Disclosure.
6Insurance 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.
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.
Growth Money Market Rates
|
Dividend
|
APY
|
Minimum Deposit
|
|---|---|---|
| 3.928% | 4.00% | $2,500.00 |
| 3.928% | 4.00% | $10,000.00 |
| 3.928% | 4.00% | $25,000.00 |
| 3.928% | 4.00% | $50,000.00 |
| 4.169% | 4.25% | $100,000.00 |
| 4.410% | 4.50% | $150,000.00 |
| 4.410% | 4.50% | $250,000.00 |
| 4.650% | 4.75% | $500,000.00 |
| 4.889% | 5.00% | $1,000,000.00+ |
Money Market Benefits
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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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Compounding earnings
Dividends are paid monthly and therefore compound over time allowing you to earn on those paid dividends.
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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.
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No fees
There are no transaction, monthly, or minimum balance fees with any RCU money market account.
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Open an account with as little as $100
Get started with a $100 minimum deposit to open a Money Market Growth. Then save $2,500 and move to a Balance or Premier account to earn even more.
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Easy digital banking
Access your account, make deposits, and conduct transfers with 24/7 online and mobile banking.
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Federally Insured
All RCU deposit accounts are federally insured by the National Credit Union Association for up to $250,000.
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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