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Get Money Market Accounts Maximize your savings Money Markets frequently pay higher dividend rates while requiring a higher minimum balance. The Annual Percentage Yield is current as of: $date Choice Money Market More Details Classic Money Market More Details 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. 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 Minimum balance RBFCU Choice Money Market $2,500 RBFCU Classic Money Market $2,500 Monthly service fee RBFCU Choice Money Market None RBFCU Classic Money Market None Availability RBFCU Choice Money Market Personal only (One per tax-reported owner) RBFCU Classic Money Market Personal, Business Dividends RBFCU Choice Money Market Paid monthly RBFCU Classic Money Market Paid monthly Transaction limits RBFCU Choice Money Market Unlimited deposits allowed, *up to six free withdrawals and/or outgoing transfers per month RBFCU Classic Money Market Unlimited deposits allowed, *up to six free withdrawals and/or outgoing transfers per month Balance below $2,500 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 *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. Learn More About RBFCU’s Savings Options Related Articles Let’s Count the Ways to Save: Advantages of Savings Accounts budgeting and personal finance Let’s Count the Ways to Save: Certificate Accounts saving Let’s Count the Ways to Save: Money Market Accounts saving FAQs I already have an RBFCU Classic Money Market. Can I switch it to an RBFCU Choice Money Market? 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? Only one Choice Money Market account, per tax-reported owner, may be opened. What happens if my Money Market balance falls below $2,500? You do not have to close your Money Market account; however, 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. 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 rate again. Can I open an RBFCU Choice Money Market for my business? 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? 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. Savings Accounts Business Accounts Financial Advisors RBFCU Investments Group 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