2.2.1 Money Market Accounts

Aug 27, 2019, 11:09 AM
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Money Market Accounts

Maximize your savings

Money Market accounts can earn interest based on the current market rates. 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?

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

FAQ FAQs

More FAQs

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.