Which Savings Account Will Help You Reach Your Goals?
Redstone makes saving feel simple. Whether you’re building a rainy day fund, chasing a big goal, or just want your money to earn more, there’s an account that fits your style. From high earning options to easy, no stress savings tools, you get flexibility, great rates, and the confidence of banking with a credit union that puts members first. It’s saving – made to actually work for you
Saving money is about giving yourself some breathing room and helps you stay ready for the planned and unexpected. And having more than one account can make life a lot easier. You can keep one for emergencies, another for fun stuff like trips, and maybe one for bigger goals down the road. Splitting things up helps you stay organized and makes it way less tempting to dip into money you meant to save for something else. It’s a simple way to stay on track without overthinking it. Get started with Regular Savings account, then start your saving strategy with You Name It, Christmas Club, or any of our other savings accounts
Regular Savings
Membership and savings rolled into one Savings Account.1
$5 deposit to open account
$0 min balance to earn dividends
0.25% APY
Dividends paid Quarterly
- $5 represents your share in the credit union
- Earn dividends
- Access to financial resources
You Name It Savings
Name your account and you’ll have a constant reminder of what you’re working toward.
$1 deposit to open account
$500 min balance to earn dividends
0.25% APY
Dividends paid Monthly
- Personalize your savings goals
- Great for short term and long term goals
- Flexible, easy to manage
Christmas Club Savings
A dedicated account that helps you build your holiday budget all year long.
$1 deposit to open account
$0 min balance to earn dividends
0.25% APY
Dividends paid Quarterly
- Save throughout the year
- Set up direct deposits/automatic transfers
- Funds transferred to chosen account in November
Grow Your Money Faster With Brighter Day Savings
A high-yield savings account is great for anyone who wants their money to earn more without taking on risk. A Brighter Day Savings2 is our high-yield account that gives you an easy way to grow your money with a strong return on your first $2,500 and a steady rate on anything above that. You can add and withdraw funds at anytime or transfer to another Redstone account with ease. Plus, there's no minimum balance required to earn dividends. A simple, rewarding option to help your savings shine and keeps your cash easy to access when you need it.
Balances $1 – $2,500 Earn 4.06% APY
Balances $2,501+ Earn 0.25% APY
Dividends paid Quarterly
Redstone Round Up
Save Even More with Automated Savings
Enroll your Redstone checking account in Round Up3 and grow your Brighter Day Savings with every swipe of your debit card.
How do I sign up? Log into online banking, click Rewards & More, and select the Manage Round Up Savings link. You can also enroll in branch, or by calling Redstone to opt-in to this program.
Jump Start Their Future With Youth Savings
Opening a savings account for your child is one of those small moves that pays off in a big way. It gives them a head start on building good money habits, and it shows them early on that saving isn’t just something adults do. Teaching children the value of money and importance of saving is at the heart of what we do. From a kid’s first savings account to their first checking account when they become a teen, Redstone encourages a lifetime of financial learning and responsibility.
S.T.A.R. Club Savings
Start Today At Redstone (S.T.A.R.) with a savings account1. It's a simple way to help kids learn smart money habits early.
- Auto enrollment for children ages 0 to 12
- Piggy bank at account opening
- Free coin machine use
- Record keeper for in-branch deposits
- Special event invitations
Youth Checking
At 13, kids can open a Safeguard Checking4 account – a teen friendly option that helps prevent overspending while they learn to manage money with a debit card.
- No fees for insufficient funds
- No paper checks
- Free money orders
- No monthly maintenance fee
At Redstone, we believe in providing strong financial values and principles in our youth. “Spend, Save, Share” is a simple way to teach kids how to handle money with confidence. Together, let’s help kids learn these principles to set the stage for a secure financial future.
Spend
Everyone spends money, but kids need to learn how to spend wisely. Include them in simple shopping decisions and explain the “why” behind each choice so they start to understand smart spending.
Save
Saving matters. Talk with kids about budgeting and why planning ahead is important. Help them see that while you can’t buy everything you want, setting money aside for a future goal feels rewarding.
Share
Sharing with others is meaningful and rewarding. Encourage your child to choose a cause they care about and find simple ways to give – whether through time, money, or resources.
Unlock Higher Earnings with a Money Market Account
A Money Market Account5 gives you the best of both worlds – strong earning potential and easy access to your money whenever you need it. You’ll typically earn higher dividends than a standard savings account, and with tiered rates that increase as your balance does, your money can work a little harder in the background without being locked away. A Money Market Account is a simple, reliable way to give your money a boost with zero hassle.
$1 minimum balance to open
$2,000 minimum balance to earn dividends
Dividends paid Monthly
Benefits and Features:
- Unlimited monthly withdrawals
- No penalty if your balance drops below the dividend earning minimum
How Your Money Earns More
With a tiered rate structure, your rate increases as your balance hits certain levels. After the first $2,000, the more you save, the more you earn.
Dividend Rates as of [rfcu-var]
|
Minimum Balance |
Dividend Rate |
APY |
|---|---|---|
|
$2,000.00 to $4,999.99 |
% |
% |
|
$5,000.00 to $49,999.99 |
% |
% |
|
$50,000.00 to $99,999.99 |
% |
% |
|
$100,000.00 to $249,999.99 |
% |
% |
|
$250,000.00 to $499,999.99 |
% |
% |
|
$500,000.00 to $999,999.99 |
% |
% |
|
$1,000,000.00 and above |
% |
% |
Build Your Savings Securely With Certificates
Opening a certificate is a smart move when you want your savings to work a little harder without adding any stress to your life. Certificates typically offer higher, guaranteed rates, so you know exactly how much you’ll earn over a set period of time. That predictability makes it great for goals you’re planning ahead for – like a future purchase, a vacation, or just building a stronger financial cushion. And because the money is tucked away for a fixed term, it’s easier to avoid dipping into it on impulse. It’s a simple, low risk way to boost your savings and feel good about your financial progress.
Flexibility, Control, and Competitive Rates
|
Type |
Features |
Funds |
Minimum Deposit |
Maximum |
Dividends Paid |
|---|---|---|---|---|---|
|
Starter6 |
6-Month Term, Fixed APY |
Ability to Add |
$50 |
$3,000 |
Quarterly |
|
No-Penalty7 |
12-Month Term, Fixed APY |
Ability to Withdraw |
$100 |
$10,000 |
Quarterly |
|
Traditional Standard |
6 – 144-Month Term, Fixed APY |
Locked |
$2,000 |
$999,999 |
Quarterly |
|
Traditional Jumbo
|
6 – 144-Month Term, Fixed APY |
Locked |
$100,000 |
$999,999 |
Monthly |
|
Member's Choice8 |
36 - 144-Month Terms, Fixed APY with ability to request rate change |
Locked |
$1,000 |
$999,999 |
Quarterly |
FAQs
Most certificates do have penalties for early withdrawals. If you only need access to the dividends you earn, consider opening a certificate with non-compounding dividends. However, if you need greater access to your money, you may want to consider another option, like a Money Market Account.
You can save worry-free with our Member’s Choice Certificates, which offer you the potential to earn higher dividends during your certificate’s term. You can lock in a new rate any time after the first 90 days and then once every 365 days thereafter. So, if the rates rise, your earnings can too. (Unfortunately, you can’t change rates on a regular or jumbo certificate.)
Compounding: Dividends are added to the principal and accrue as the certificate matures.
Non-Compounding: Dividends are deposited into your primary savings account monthly or quarterly, so you have access to the earnings.
Compounding: Ideal for members who want to invest and have their dividends go right back into the certificate and keep earning dividends.
Non-Compounding: Ideal for members who want to invest but need access to cash throughout the certificate term.
Certificate Laddering is a way to boost your savings and still have frequent access to your cash. Certificate laddering is a technique that involves dividing your investment across two, three, or more certificates. It typically brings you higher dividends than investing in only one certificate renewed over time.
You create your ladder consisting of several certificates, each with a different rate and term. When a certificate matures, you can reinvest your money – buy a new certificate at the longest term – but you also have the option to pull out your funds, if necessary.
Create Steady Growth with IRAs
Whether you're picturing slow mornings by the beach, exploring new places, or spending more time with your grandkids, having solid financial footing makes those dreams feel a lot more real. An IRA can help you build that future with great rates, potential tax advantages, and steady, low risk growth that keeps things simple. You also have the flexibility to use your funds for certain short term needs, like buying a home or paying for education.
We’re here to make the process easy – whether you’re opening your first IRA or moving an existing one over. You can open and maintain your IRA on your own, or we can walk you through your options and help you keep everything organized and stress free.
If you’re curious about contributions, transfers, or how to use our self serve tools, our IRA FAQ has quick, clear answers.
IRA Savings9
Perfect if you want flexibility while you build your retirement fund. You can add money anytime and enjoy steady, low risk growth without locking in your balance.
- $5 minimum opening balance
- Add funds anytime
- Earn dividends while you grow your balance
IRA Certificates10
Great for savers who want higher, guaranteed earnings. Lock in a fixed rate for a set term and watch your retirement savings grow with predictable, reliable returns.
- $5 minimum opening balance for 12 and 18 month term certificates
- $500 minimum opening balance for longer term certificates
- Funds are locked in until maturity
Traditional IRA
A smart choice if you want a tax break now. Contributions may reduce your taxable income today, making it ideal for savers who expect to be in a lower tax bracket later.
- Tax-deductible contributions (if you qualify)
- Taxes paid later – when you withdraw in retirement
- Required minimum distributions begin at age 73
Roth IRA
Perfect for those who want tax free withdrawals later. Pay taxes upfront, then enjoy tax free growth; helpful for younger savers or anyone expecting higher taxes in the future.
- No tax-deductible contributions
- Withdrawals are tax-free (if certain conditions are met)
- No required withdrawals
- Contributions may continue beyond retirement (if eligible)
You May Qualify for Penalty-Free Withdrawals:
IRAs are designed for retirement, but in some cases, you can access funds earlier without penalties, for things such as:
- First-time home purchases
- Higher education costs (for yourself or immediate family)
- Certain medical expenses or emergencies
- Terminal illness or permanent disability
Withdrawals for non-qualified expenses – like a vacation or a new car – could result in taxes and penalties.