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  Redwood Capital Bank Certificate Of Deposit
Redwood Capital Bank Certificate Of Deposit
in CD Accounts from Redwood Capital Bank · Member FDIC
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Redwood Capital Bank Certificate Of Deposit

Unaffiliated
in CD Accounts from Redwood Capital Bank · Member FDIC
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Highlights
APY (Annual Percentage Yield) N/A
Minimum Opening Deposit Starting at $2,500
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 59 months

Redwood Capital Bank Certificate Of Deposit Review

Redwood Capital Bank Certificate Of Deposit is offered by Redwood Capital Bank, a bank founded in 2003 and based in Eureka, CA. Redwood Capital Bank Certificate Of Deposit is available in 1 state across the USA.

Key Takeaways

  • Only one CD account type available. Redwood Capital Bank CD only offers traditional CD accounts.
  • High minimum deposit. You must deposit a minimum of $2,500, which is high compared to most CD accounts.
  • Wide selection of CD terms. Redwood Capital Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Redwood Capital Bank Certificate Of Deposit

Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Only available in one state.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.

Redwood Capital Bank Certificate Of Deposit FAQ

Are CDs from Redwood Capital Bank federally insured?

Yes, your Redwood Capital Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57610). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Redwood Capital Bank offer?

Redwood Capital Bank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Redwood Capital Bank offer on its CDs?

What terms does Redwood Capital Bank CD offer?

Redwood Capital Bank offers CD terms of the following lengths:
Redwood Capital Bank Certificate Of Deposit Rates & Terms
Description

What is the minimum deposit to open a CD account with Redwood Capital Bank?

Redwood Capital Bank CD requires a minimum deposit of $2,500 to open an account.

What is the grace period for Redwood Capital Bank CD?

Redwood Capital Bank CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Redwood Capital Bank CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Redwood Capital Bank charges an early withdrawal fee.

Redwood Capital Bank does charge any of the fees we track.

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Message From Redwood Capital Bank CD

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. A CD bears a maturity date and a specified fixed interest rate. Features: Fixed interest rate, Renews automatically, Terms from 30 days to 59 months, Free Online Banking, FDIC insured.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Opening Deposit Starting at $2,500
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 59 months
CD Accounts Traditional

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