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  Redwood Capital Bank Money Market Savings Account

Redwood Capital Bank Money Market Savings Account

in Money Market Accounts from Redwood Capital Bank · fdic

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Redwood Capital Bank Money Market Savings Account

Unaffiliated

in Money Market Accounts from Redwood Capital Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield) N/A
APY Minimum Balance N/A
Minimum Opening Deposit Starting at $500

Redwood Capital Bank Money Market Savings Account Review

Redwood Capital Bank Money Market Savings Account is offered by Redwood Capital Bank, a bank founded in 2003 and based in Eureka, CA. Redwood Capital Bank Money Market Savings Account is available in 1 state across the USA.

Key Takeaways
  • No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Redwood Capital Bank Money Market Savings Account
Pros Cons
  • Does not offer mobile check deposits.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card.
  • Only available in one state.
Redwood Capital Bank Money Market Savings Account FAQ

Are money market accounts from Redwood Capital Bank federally insured?

Yes, your Redwood Capital Bank money market accounts 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 are the interest rates for Redwood Capital Bank money market rates?

What are the fees for Redwood Capital Bank Money Market Savings Account?

Redwood Capital Bank Money Market Savings Account does not charge a monthly maintenance fee.

Redwood Capital Bank Money Market Savings Account Fees
Fees Amount
Monthly Fee N/A
Paper Statement Fee N/A

What is the minimum balance for Redwood Capital Bank money market?

Minimum deposit of $500. You must make an initial deposit of at least $500 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

What features and perks does Redwood Capital Bank money market offer?

This account includes the following features:

  • Fraud monitoring - Redwood Capital Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Redwood Capital Bank money market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (707) 444-9800.

How to open an account with Redwood Capital Bank

  • Visit the Redwood Capital Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00am
  • Tuesday 9:00am - 5:00am
  • Wednesday 9:00am - 5:00am
  • Thursday 9:00am - 5:00am
  • Friday 9:00am - 6:00am
  • Saturday Closed

Other Services by Redwood Capital Bank

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $1,000
Minimum Opening Deposit Starting at $500
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

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