FDIC Insured. Backed but the full faith and credit of the U.S. Government =

Savings and Certificates

Secure account options that help you plan for your financial future

With many accounts featuring a low opening balance and very competitive rates, Redwood Capital Bank offers FDIC-insured secure options to meet your needs.  From student savings accounts to IRA plans that help you save for retirement, we have easy and safe account options designed to enhance your banking relationship.

  Basic
Savings
Money Market Savings Minor
Savings
Certificate of Deposit
Features and Benefits

Low minimum opening balance

Unlimited deposits and in-person cash withdrawals*

Unlimited deposits and in-person cash withdrawals*

Interest rate increases automatically as balance increases

Unlimited deposits and in-person cash withdrawals by custodian*

At age 18 the account will convert to a Basic Savings account

Fixed interest rate

Renews automatically

Terms from 30 days to 59 months

Minimum Opening Balance $100.00 $500.00 $20.00 $2,500.00
Monthly service charge See Fee Schedule
Minimum balance to avoid Monthly service charge See Fee Schedule
Interest

Variable

Compounds
daily

Paid
monthly

Tiered

Variable

Compounds
daily

Paid
monthly

Compounds
daily

Paid
monthly

Tiered

Fixed 

Compounds
daily

Minimum balance to earn interest $100.00 N/A $1.00 $2,500
online banking and bill pay Free Free Free Free
Telebank 866-208-2504 Free Free Free Free

*An additional activity fee may apply for each transaction over the limit of six.  See current Fee Schedule.

At-A-Glance Fee Schedule

For further information, or current interest rates, please call or visit any of our four convenient locations.