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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
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Redwood Capital Bank Money Market Savings Account

Unaffiliated
in Money Market Accounts from Redwood Capital Bank
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Highlights
APY (Annual Percentage Yield) N/A
Minimum Balance to Earn APY 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, 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.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in one state.
Redwood Capital Bank Money Market Savings Account FAQ

Are money market accounts from Redwood Capital Bank federally insured?

No, your Redwood Capital Bank money market accounts are not insured by a federal insurance agency. This means that if Redwood Capital Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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:

What is the support contact email?

The support contact email for this business credit card is inquiries@redwoodcapitalbank.com.

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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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

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

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