If your family qualifies for the monthly payments under the American Rescue Plan Act, you do not need to do anything. ONLY the IRS will send the payments – anyone trying to ‘help’ you receive your child tax credit is really after your money. The government (IRS) will NEVER call, text, email, or DM you asking for information to process your payment. IRS.gov is the ONLY and FINAL source for information about these payments.
There is no time like the present to start saving for your future.
R Bank can help make that future brighter with a variety of savings accounts designed to save you time and meet your financial goals - now and in the years to come.
|Personal Savings Solutions*||Minimum Opening Deposit||Minimum Daily Balance||Monthly Service Charge**||Interest Paid|
|Kids Savers Club Savings||$200||$200||$3||Yes|
|Personal Money Market||$200||$2,500||$10||Yes|
|Premium Money Market||$2,500||$10,000||$15||Yes|
|High Yield Money Market||$2,500||$25,000||$15||Yes|
*Savings and Money Market accounts are limited transaction accounts. You may make six (6) withdrawal transactions per statement cycle. Additional transactions (including ACH items and transfers) over six (6) are charged an excessive withdrawal fee. See Deposit Account Agreement for all terms and conditions of these accounts.
**Monthly service charge if balance falls below minimum daily balance on any day of the statement cycle.
Watch your savings soar!
Our High Yield Money Market account combines the liquidity of a checking account with the earning power of premium rates. The more you keep in the account, the more you earn!
$25,000 - $149,999.991 0.30% APY*
$150,000 - $299,999.992 0.44% APY*
$300,000 - Over3 0.79% APY*
$2,500 Minimum required to open an account. The monthly daily balance is $25,000 to earn the minimum Annual Percentage Yield (APY)*. Rate and APY are current as of May 10, 2021, and are subject to change without notice. 1 - Interest Rate is 0.30% / 2 - Interest Rate is 0.44% / 3 - Interest Rate is 0.79%. Monthly Service Charge of $15 if balance falls below $25,000 minimum balance on ANY day of the statement cycle. Money Market Accounts are limited transaction accounts: six (6) withdrawal transactions per statement cycle. Additional transactions (including ACH items and transfers) over six (6) are charged an excessive withdrawal fee. See the Deposit Account Agreement for all terms and conditions of these accounts.
With FDIC insurance, up to the maximum amount allowed by law, your growing account is safe and sound. Ask your R Banker today for more details about this exceptional account.
Save for any future purpose with R Bank's basic Savings account, which makes saving easy and convenient. Ask about our free savings accounts for children and students!
We believe a Savings account can be simple yet not simplistic. Save for tomorrow with the advantages of today's technology for access and control.
An account perfectly designed to make coming to the bank a fun experience while teaching young savers how to achieve their financial goals today and into adulthood!
R Bank's Money Market account introduces escalating tiered interest rates that rise with your daily balance while you maintain access to your account funds at any time.