Money Market Accounts

Maximize your savings

Money Markets frequently pay higher dividend rates while requiring a higher minimum balance. At RBFCU, we offer two Money Market options.

 
Choice Money Market
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Classic Money Market
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Which Money Market account is right for me?

RBFCU Classic Money Market

RBFCU Choice Money Market


Minimum balance + -

RBFCU Classic Money Market

$2,500

RBFCU Choice Money Market

$2,500

Monthly service fee + -

RBFCU Classic Money Market

None

RBFCU Choice Money Market

None

Availability + -

RBFCU Classic Money Market

Personal, Business

RBFCU Choice Money Market

Personal only (One per tax-reported owner)

Dividends + -

RBFCU Classic Money Market

Paid monthly

RBFCU Choice Money Market

Paid monthly

Transaction limits + -

RBFCU Classic Money Market

Six electronic or over-the-phone outgoing transactions per account, per month; unlimited deposits or withdrawals at a branch

RBFCU Choice Money Market

Six electronic or over-the-phone outgoing transactions per account, per month; unlimited deposits or withdrawals at a branch

Balance below $2,500 + -

RBFCU Classic Money Market

Account is automatically reverted to a savings account rate

RBFCU Choice Money Market

Account is automatically reverted to a savings account rate

Calculators

  • How much can I earn with an RBFCU Choice Money Market?
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FAQs

  • How is this different from an RBFCU Classic Money Market?
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    With the Classic Money Market, you earn a flat dividend rate on your total balance. A Choice Money Market utilizes blended dividend rates, which apply higher earnings rates to lower balances. As your balance increases, previous rates are retained and incorporated into your overall earnings. See rate schedule above.

  • I already have an RBFCU Classic Money Market. Can I switch it to an RBFCU Choice Money Market?
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    Yes. You may close your Classic Money Market account and open a Choice Money Market account. However, only one Choice Money Market is available per tax-reported owner. There is not a limit to the number of Classic Money Market accounts you can own. This account will not be available to businesses (EINs).

  • How many RBFCU Choice Money Market accounts can I open?
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    Only one Choice Money Market account, per tax-reported owner, may be opened.

  • Can I open an RBFCU Choice Money Market for my business?
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    No. The Choice Money Market is not available for business accounts or any account using an EIN.

  • Is an RBFCU Money Market an investment product? Can it lose value?
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    An RBFCU Money Market account is not an investment product, nor will your funds be publicly traded. Your account is federally insured up to certain limits by the NCUA and will not lose value.

For blended tier rate accounts (RBFCU Choice Money Market), each tier of your total balance adds up to a blended Annual Percentage Yield (APY). RBFCU Choice Money Market accounts are limited to one per member as the primary owner. A member may be joint on multiple RBFCU Choice Money Market accounts. An RBFCU Choice Money Market account requires a minimum balance of $2,500. Earn the first tier on the entire balance up to $10,000 when the minimum balance is maintained.

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