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 |
% |
% |
Must be current RFCU member or Service Group to open a business account. Must be eligible for membership and open a share savings account to become a member. A $5 minimum balance is required to open a share savings account and must be maintained in the share savings account at all times.
The minimum daily balance required to earn dividends for an Endeavor Money Market account is $2,000.00. 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.
*If more than six checks clear the Endeavor Money Market account during a month, a Money Market Excessive Check Fee will be imposed per check in excess of six.
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.