Money Market Accounts
Make More of Your Savings, Without Giving up Access
Money Market Accounts are designed for members who want their savings to work harder while still keeping funds within reach. By maintaining a higher minimum balance, members can take advantage of greater dividend potential than traditional savings accounts, while preserving flexibility for planned or unexpected needs. It’s a practical option for growing savings steadily and putting excess funds to work, without locking them away.
The Annual Percentage Yield is current as of: $date
An RBFCU Classic Money Market Account requires a minimum balance of $2,500. The Annual Percentage Yield (APY) is applied to the entire balance when the minimum balance is maintained based on the following tiers: Earn the first-tier APY on the entire balance up to $24,999.99. Earn the second-tier APY on the entire balance when the balance is between $25,000 and $74,999.99. Earn the third-tier APY on the entire balance when the balance is between $75,000 and $149,999.99. Earn the fourth-tier APY on the entire balance when the balance exceeds $150,000. Rates may change after the account is opened.
For blended tier rate accounts (RBFCU Choice Money Market), each tier of your total balance adds up to a blended APY. An RBFCU Choice Money Market Account requires a minimum balance of $2,500. Earn the first-tier APY on the entire balance up to $10,000.00 when the minimum balance is maintained. Earn the second-tier APY on balances between $10,000.01 and $25,000. Earn the third-tier APY on balances greater than $25,000. 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.
Rates may change after the account is opened. Rates are subject to change. Please visit our Rates page for complete details.
RBFCU Classic Money Market Account
With our RBFCU Classic Money Market Account, members and businesses earn a flat dividend rate on their total balance.
RBFCU Classic Money Market Accounts are available to all consumer account owners and to eligible business account owners.
Benefits and features:
- $2,500 minimum deposit to open account
- Competitive dividends compounded and paid monthly
- No monthly service fees*
- The credit union pays the applicable tiered dividend rate on the total balance in the account
- If your balance falls below $2,500, the account will automatically revert to the savings account rate at that time, by the end of the business day. When your balance is brought back up to $2,500, you will earn the RBFCU Classic Money Market Account rate again.
RBFCU Choice Money Market Account
Why wait to build a big balance? With higher rates available on lower balances, the RBFCU Choice Money Market Account helps you earn more with less required to start. As your balance grows, take advantage of blended rates designed to help you earn more on your savings over time than a traditional savings account.
Benefits and features:
- $2,500 minimum deposit to open account
- Competitive dividends compounded and paid monthly
- No monthly service fees*
- Blended rate structure, resulting in higher earnings on lower balances
- The credit union pays the stated dividend rate on the portion of the balance within each specified tier. As your balance increases, previous rates are incorporated into your overall earnings.
- If your balance falls below $2,500, the account will automatically revert to the savings account rate at that time, by the end of the business day. When your balance is brought back up to $2,500, you will earn the RBFCU Choice Money Market Account rate again.
Which Money Market account is right for me?
RBFCU Choice Money Market Account
RBFCU Classic Money Market Account
RBFCU Choice Money Market Account
$2,500
RBFCU Classic Money Market Account
$2,500
RBFCU Choice Money Market Account
None
RBFCU Classic Money Market Account
None
RBFCU Choice Money Market Account
Personal only (One per tax-reported owner)
RBFCU Classic Money Market Account
Personal, Business
RBFCU Choice Money Market Account
Paid monthly
RBFCU Classic Money Market Account
Paid monthly
RBFCU Choice Money Market Account
Six electronic or over-the-phone outgoing transactions, including withdrawals, per account per month; unlimited deposits at a branch.
RBFCU Classic Money Market Account
Six electronic or over-the-phone outgoing transactions, including withdrawals, per account per month; unlimited deposits at a branch.
RBFCU Choice Money Market Account
Account is automatically reverted to a savings account rate
RBFCU Classic Money Market Account
Account is automatically reverted to a savings account rate
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I already have an RBFCU Classic Money Market Account. Can I switch it to an RBFCU Choice Money Market Account?
Yes. You may close your RBFCU Classic Money Market Account and open an RBFCU Choice Money Market Account. However, only one RBFCU Choice Money Market Account is available per tax-reported owner. There is not a limit to the number of RBFCU Classic Money Market Accounts you can own. This account will not be available to businesses (EINs).
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How many RBFCU Choice Money Market accounts can I open?
Only one RBFCU Choice Money Market Account per tax-reported owner may be opened.
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What happens if my RBFCU Money Market Account balance falls below $2,500?
If your RBFCU Money Market Account balance falls below $2,500, you do not have to close the account. However at the end of the business day, the account will automatically revert to the current savings account rate. The account name will remain an “RBFCU Money Market.”
If a transaction, payment or transfer presented electronically or over the phone to an external merchant causes your available balance to fall below the minimum requirement of $2,500, the transaction will be rejected and returned unpaid. For complete details, please review our Truth in Savings Account Disclosures.
When your balance is brought back up to $2,500, you will earn the RBFCU Money Market Account rate again.
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Can I open an RBFCU Choice Money Market Account for my business?
No. The RBFCU Choice Money Market Account is not available for business accounts or any account using an EIN.
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Is an RBFCU Money Market Account an investment product? Can it lose value?
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.
Rates and terms are subject to change without prior notice; other restrictions may apply. Fees could reduce the earnings on the account. Visit rbfcu.org/rates for the most current rate information, or call 1-800-580-3300.
*An Excessive Transaction Fee will be charged for each withdrawal and/or outgoing transfer exceeding six (6) per month (when completed in person, over the phone, electronically or preauthorized). Please refer to the Truth in Savings Fee Schedule for additional information.