Money Market Accounts
Maximize your savings
Money Markets frequently pay higher dividend rates while requiring a higher minimum balance.
An RBFCU Classic Money Market Account requires a minimum balance of $2,500. Earn the first-tier APY on the entire balance up to $24,999.99 when the minimum balance is maintained. Earn the second-tier APY on balances between $25,000 and $74,999.99. Earn the third-tier APY on balances between $75,000 and $149,999.99. Earn the fourth-tier APY on balances greater than $150,000.
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 current as of 1/22/2025 and are subject to change. Please visit our Rates page for complete details.
At RBFCU, we offer two Money Market options
RBFCU Classic Money Market
With our RBFCU Classic Money Market, members earn a flat dividend rate on their total balance.
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 rate again.
RBFCU Choice Money Market
More money, why not? It’s an easy choice. With higher rates available on a lower balance, the RBFCU Choice Money Market helps you earn more on less money. As your balance grows, take advantage of blended rates to maximize your savings.
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 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 rate again.
Which Money Market account is right for me?
RBFCU Choice Money Market
RBFCU Classic Money Market
RBFCU Choice Money Market
$2,500
RBFCU Classic Money Market
$2,500
RBFCU Choice Money Market
None
RBFCU Classic Money Market
None
RBFCU Choice Money Market
Personal only (One per tax-reported owner)
RBFCU Classic Money Market
Personal, Business
RBFCU Choice Money Market
Paid monthly
RBFCU Classic Money Market
Paid monthly
RBFCU Choice Money Market
Six electronic or over-the-phone outgoing transactions per account, per month; unlimited deposits or withdrawals at a branch
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
Account is automatically reverted to a savings account rate
RBFCU Classic Money Market
Account is automatically reverted to a savings account rate
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How is this different from an RBFCU Classic Money Market?
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.
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.
