in Savings Accounts from Redwood Capital Bank · fdic

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Redwood Capital Bank Student Savings Account

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in Savings Accounts from Redwood Capital Bank · Member FDIC

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Highlights
Monthly Fee	$0
APY (Annual Percentage Yield)	N/A
APY Minimum Balance	N/A

Redwood Capital Bank Student Savings Account Review

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

Key Takeaways

Small minimum initial deposit. You only need $20 to open an account.

Redwood Capital Bank Student Savings Account Pros & Cons

Pros	Cons
Access to physical branches.	No signup bonus. Does not earn interest. Does not offer mobile check deposits. Does not provide access to a nationwide ATM network. Does not come with a debit card Only available in one state.

Redwood Capital Bank Student Savings Account FAQ

Are savings accounts from Redwood Capital Bank federally insured?

Yes, this account is 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.

Does Redwood Capital Bank offer a signup bonus?

Redwood Capital Bank Student Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Redwood Capital Bank Student Savings Account?

The minimum deposit to open a Redwood Capital Bank Student Savings Account is $20.

Redwood Capital Bank Student Savings Account Minimums
Description
Minimum Opening Deposit	Starting at $20
Minimum Required Balance	$0

What APY does Redwood Capital Bank offer?

Redwood Capital Bank Student Savings Account is not an interest-bearing account.

What fees does Redwood Capital Bank Student Savings Account charge?

Redwood Capital Bank Student Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Redwood Capital Bank Student Savings Account offer?

This savings account includes the following features:

Can you set up a direct deposit to Redwood Capital Bank Student Savings Account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Redwood Capital Bank Student Savings Account?

The customer support email for Redwood Capital Bank Student Savings Account is inquiries@redwoodcapitalbank.com.

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