Savings Account Options | RBFCU

Savings Account Options | RBFCU
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Get
Savings Accounts Options
Secure savings accounts, competitive yields
At RBFCU, we offer products that make your life easier. With just $1, you can open a savings account to establish membership and have access to many options for your funds.
Savings Account
Your savings account is your passport to the many other financial resources RBFCU offers. To get started with your new savings account, you’ll need to
qualify for membership
.
Savings account benefits and features:
$1 minimum deposit to open account and earn stated Annual Percentage Yield (APY)
No monthly service fees
Use as an
overdraft protection
option
Dividends paid monthly
Share Certificate Accounts
Certificates earn higher yields on money put aside into savings, providing good returns without high risk.
Certificate accounts benefits and features:
$1,000 minimum deposit to open account and earn stated APY
Automatic renewal on maturity
Tiered dividends allow you to earn higher yields on your savings
Dividends can be compounded or paid to checking, savings or Money Market
Subject to change without prior notice. Additional restrictions may apply. Minimum initial deposit and minimum balance to earn advertised APY is $1,000. Penalty for early withdrawal may reduce earnings. APY means Annual Percentage Yield. The APY for certificates assumes dividends are added back to the certificate. Membership eligibility required.
Money Market Accounts
Money Markets frequently pay higher dividend rates while requiring a higher minimum balance. At RBFCU, we offer two Money Market options: the RBFCU Classic Money Market and the RBFCU Choice Money Market.
RBFCU also provides specialized savings options, including interest on lawyer trust accounts (IOLTAs), Texas Uniform Transfer to Minors Act accounts (TUTMAs) and trusts. If you are interested in opening one of these accounts, please
contact our Specialized Accounts Team
.
Savings
%
%
More Details
Classic Money Market
%
%
More Details
Choice Money Market
%
%
More Details
Certificate - 12-23 month*
%
%
More Details
SuperSaver Certificate - 18 month
%
%
More Details
Learn More About RBFCU’s Savings Options
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→
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Let’s Count the Ways to Save: Money Market Accounts
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Savings Calculators
How long will it take to reach my savings goal?
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How long will it take to save for a purchase?
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Should I pay off debt or invest in savings?
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What is it worth to reduce my spending?
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How long will it take to become a millionaire?
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Savings FAQs
What happens if I exceed six transfers from my Money Market account per month?
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-
An Excessive Transaction Fee will be charged for each withdrawal and/or outgoing transfer
exceeding six
(6) per month (when completed in person, over the phone, electronically or preauthorized). Please refer to the
Truth in Savings Fee Schedule
for additional information.
How do I qualify for membership with RBFCU?
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There are several ways to qualify for membership with RBFCU. Common ways to qualify for membership include your employer, place of worship, community organization, neighborhood or school. You may also qualify through immediate family members who are part of the credit union (spouse, children, parents, siblings, stepchildren, adopted relatives, etc.). You can
complete a short online application
to see if you qualify for membership.
If you are unable to qualify through any of the options listed above, you may
contact us
and our Member Service Specialists can help you determine if there are additional opportunities to qualify.
Why do I have to qualify for membership?
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Unlike banks that are open to anyone, laws require credit unions like RBFCU to have a defined field of membership, which means you have to be a member to access the products and services credit unions provide. There are a variety of ways to qualify based on where you work, live, worship or attend school. When you become a member of RBFCU, you take advantage of lower loan rates, higher dividends on deposits and lower fees.
How do I download the RBFCU Mobile app?
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-
To download the RBFCU Mobile
®
app:
On an Apple
®
device:
Click here from your device,
or search “RBFCU” on the App Store
®
On an Android™ device:
Click here from your device,
or search “RBFCU” on Google Play™
For full app functionality, please ensure your device is running the latest software. The latest operating systems (OS) versions are required for security updates and will provide the best experience while using the RBFCU Mobile app. The minimum supported OS
1
to use the RBFCU Mobile app are:
iPhone
®
iOS 18 or later
iPadOS
®
18 or later
Apple Watch
®
2
watchOS
®
10 or later
Android™ OS 12 or later
1
Some devices may not be supported due to hardware limitations.
2
Currently Apple Watch can be used to check available account balances only.
Why am I being asked for my ID on all transactions?
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-
In order to protect you and your account, RBFCU must identify the transacting person on an account each time a transaction is made.
Financial Advisors
RBFCU Mobile App
Email & Text Alerts
Really Free Checking
Photo ID required for all transactions at any RBFCU branch
.