Earn higher dividend rates with Endeavor Money Market
Dividends on Balances Over $2000 | Tiered Rates
Earn higher dividend rates with Endeavor Money Market
Dividends on Balances Over $2000 | Tiered Rates
The Endeavor Money Market provides businesses with larger balances the opportunity to earn higher dividend rates than a savings account.
Sole proprietorships may visit any Redstone branch with your tax documents (IRS paperwork or filed tax returns) and proof of business to open a new account. If your business isn’t a sole proprietorship, please email businessservices@redfcu.org, or call 256-327-1104 to get started.
With an Endeavor Money Market Account, the more you save, the more you earn. Dividend rates increase starting at a $5000 balance
APY Accurate as of
|
Minimum Balance |
Dividend Rate |
APY** |
|
Tier One: $2,000 to $4,999.99 |
% |
% |
|
Tier Two: $5,000 to $49,999.99 |
% |
% |
|
Tier Three: $50,000 to $99,999.99 |
% |
% |
|
Tier Four: $100,000.00 and above |
% |
% |
At least one owner of the business must become or be a current RFCU member to open a business account or use any service. Click here for details. Specific documents are required to open a business account or obtain a business loan and must be opened in the business name. Fees apply to some cash management services. Age and other restrictions may apply.
The minimum opening deposit of $250.00 is required for an Endeavor Money Market account. A $10.00 monthly fee will be assessed if a $2,000.00 balance is not maintained. No dividends will be earned for the length of time the balance is below $2,000.00. The minimum balance for the Endeavor Money Market account tier must be maintained to earn the Annual Percentage Yield* applicable for that tier. Dividends are paid monthly for Endeavor Money Market account.
Rates are subject to change monthly. Fees and other conditions could reduce earnings on the accounts. Annual Percentage Yields are accurate as of the last dividend declaration date.
Are you ready to join the credit union that puts you first? Become a member of the Redstone family and you’ll start enjoying the great rates, personalized financial advice, and excellent customer service Redstone is known for.