Smarter cash management for businesses with larger balances.
More protection. More earning potential. One local banking relationship.
Redwood Business Reserve Checking combines the flexibility of an operating checking account with competitive interest and automated access to the IntraFi® network - helping your business keep larger balances liquid, productive and easier to manage.
Account Features & Benefits
Earn Interest
Put your business’s excess cash to work with a variable interest rate.
- Interest compounds daily
- Interest paid monthly
- Minimum balance to earn interest: $10,000
Keep Your Funds Liquid
Maintain convenient access to the cash your business needs for payroll, purchases, operating expenses and other transactions while eligible excess funds can be swept through the IntraFi® network.
Expanded FDIC Insurance Eligibility
Access millions of dollars in aggregate FDIC insurance coverage on eligible funds placed at participating FDIC-insured banks through the IntraFi network.*
Automatic Sweep Convenience
Eligible excess balances are automatically swept through the IntraFi network. When funds are needed in your Redwood Business Reserve Checking account, they automatically sweep back.
Sophisticated cash management without the complicated cash management.
Unlimited Transactions Per Month
Receive unlimited transactions each month at no charge, giving your business the flexibility to manage routine banking activity while keeping costs predictable.
Free Paper Statements
Receive your monthly paper account statement at no additional charge.
Digital Banking — Two Convenient Ways to Stay Connected
Redwood Capital Bank Online Banking + Bill Pay — FREE
Manage your everyday business banking through Redwood Capital Bank’s Online Banking, including convenient access to Bill Pay at no additional charge.
IntraFi® Depositor Control Panel — FREE
Access IntraFi’s secure Depositor Control Panel (DCP) online to:
- Check ICS balances
- View the network banks where funds are placed
- Review fund placement information
- View transaction history and other ICS account information
Account SpecificationsFeatureRedwood Business Reserve CheckingMinimum Opening Balance$250,000Minimum Balance to Earn$10,000Interest RateVariable RateInterest CompoundingDailyInterest PaymentMonthlyMonthly TransactionsUnlimitedPaper StatementsFreeRCB Online BankingFreeLiquidityYesIntraFi® SweepAutomatic
Big-bank capabilities. Your local banking relationship.
With Redwood Business Reserve Checking, your business can put larger balances to work while maintaining access to the funds you need and the personal service of the Redwood Capital Bank team you know and trust.
Protect larger balances. Simplify cash management. Keep your banking relationship local.
Ask a Redwood Capital Bank representative about Redwood Business Reserve Checking today. Specific option available for entities who receive public funds.
IntraFi® Disclosure
*Deposit placement through the IntraFi® service is subject to the terms, conditions, and disclosures in applicable agreements. Deposits placed through an IntraFi service at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks, subject to applicable limits and requirements. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply.