Savings
Savings Account | 7-26-2021
Sign up for Rate Alerts| Rate | APY* |
|---|---|
| 0.05% | 0.05% |
Minimum balance to open and earn APY is $5.00. Interest compounded and credited monthly.
*Annual Percentage Yield. All rates are variable and subject to change. Truth in Savings/Fee Schedule
Rewards Savings | 7-26-2021
| Requirements1 | Rate | APY* |
|---|---|---|
| Requirements not met | 0.05% | 0.05% |
| Daily balance is $2,500 or less | 0.10% | 0.10% |
| Daily balance is greater than $2,500 | 0.05% (amount over $2,500) | 0.08% - 0.10% |
1 To earn the Rewards Savings rate of 0.10% on balances up to and including $2,500, you must sign up for and receive e-Statements, otherwise you will earn 0.05% on the entire Rewards Savings balance. If your daily balance is greater than $2,500, your APY will range from 0.08% - 0.10% depending on the balance of your account. APY range calculations assume a minimum balance of $2,500.01 and a maximum balance of $5,000.00. Limited to one account per membership.
*Annual Percentage Yield.
Minimum balance to open is $5.00. Interest compounded and credited monthly. All rates are variable and subject to change. Truth in Savings/Fee Schedule.
Youth Savings | 7-26-2021
| Rate | APY* |
|---|---|
| 0.10% | 0.10% |
Minimum balance to open and earn APY is $5.00. Interest compounded and credited monthly.
*Annual Percentage Yield.
All rates are variable and subject to change. Truth in Savings/Fee Schedule
Money Market | 7-26-2021
| Balance1 | Rate | APY* |
|---|---|---|
| $0-$2,499 | 0.05% | 0.05% |
| $2,500-$9,999 | 0.05% | 0.05% |
| $10,000-$24,999 | 0.08% | 0.08% |
| $25,000-$49,999 | 0.08% | 0.08% |
| $50,000-$99,999 | 0.10% | 0.10% |
| $100,000+ | 0.10% | 0.10% |
Minimum balance to open $2,500. Interest is compounded daily and credited monthly.
*Annual Percentage Yield.
1Minimum Balance to Earn Annual Percentage Yield.
All rates are variable and subject to change. Truth in Savings/Fee Schedule
Premium Money Market | 7-26-2021
| Balance1 | Rate | APY* |
|---|---|---|
| $0-$99,999 | 0.05% | 0.05% |
| $100,000-$249,999 | 0.15% | 0.15% |
| $250,000-$499,999 | 0.15% | 0.15% |
| $500,000 - $999,999 | 0.18% | 0.18% |
| $1,000,000+ | 0.18% | 0.18% |
Minimum balance to open $100,000. Interest is compounded daily and credited monthly.
*Annual Percentage Yield.
1Minimum Balance to Earn Annual Percentage Yield.
All rates are variable and subject to change. Truth in Savings/Fee Schedule
Guaranteed Money Market | 7-26-2021
| Min. Bal. to Earn APY | Interest Rate (1st 6 months) | APY* (1st 6 months) | Combined APY 1 |
|---|---|---|---|
| $0.00 | 0.10% | 0.10% | 0.08% |
| $10,000 | 0.10% | 0.10% | 0.09% |
| $15,000 | 0.50% | 0.50% | 0.29% |
| $50,000 | 0.50% | 0.50% | 0.30% |
Eligibility:
- The Guaranteed Money Market Account is available to new memberships only, within first 30 days that membership is established.
- Minimum opening deposit of $15,000 must come from an institution other than Rivermark (New Money).
- Requires a new Free Checking Plus Account.
* Annual Percentage Yield. Interest is compounded daily and credited monthly. All rates are variable and subject to change.
1Combined APY (6 months Guaranteed Money Market rate, 6 months regular Money Market rate).
Truth in Savings Disclosure
- Rate Information – The Interest Rates and Annual Percentage Yields on your deposit account are stated above and may change at any time as determined by us, except as otherwise disclosed herein. The promotional APY is guaranteed for six months from the date of account opening. After the six-month promotional period ends, the account will convert to a Money Market Account with variable APYs in effect at time of conversion and based on the account balance as described on the applicable rate sheet. The APY is a percentage rate that reflects the total amount of interest to be paid on an account based on the interest rate and frequency of compounding for an annual period. The APY assumes that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
- Compounding and Crediting - The Rate Sheet describes the time frames for compounding and crediting interest.
- Balance Information - The Guaranteed Money Market Account requires a $15,000.00 minimum balance to open the account and to earn the promotional APY. Interest is calculated by the daily balance method, which applies a daily periodic rate to the full amount of principal in the account each day.
- Accrual of Interest - Interest will begin to accrue on cash deposits and on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
- Nontransferable/Nonnegotiable - All accounts are nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except with the Credit Union.
Holiday & Tax | 7-26-2021
| Rate | APY* |
|---|---|
| 0.10% | 0.10% |
Holiday & Tax Account Free Withdrawal Periods: March 1 – April 30 and October 15– December 15. A $10 early withdrawal fee applies for each withdrawal taken outside of the free withdrawal periods.
No minimum balance to open. $5 minimum balance to earn APY. Interest compounded daily and credited monthly.
*Annual Percentage Yield.
All rates are variable and subject to change. Truth in Savings/Fee Schedule
You Name it Savings | 7-26-2021
| Rate | APY* |
|---|---|
| 0.05% | 0.05% |
*Annual Percentage Yield. All rates are variable and subject to change. Truth in Savings/Fee Schedule
IRA Savings | 7-26-2021
| Balance1 | Rate | APY* |
|---|---|---|
| $0-$2,499 | 0.10% | 0.10% |
| $2,500-$9,999 | 0.10% | 0.10% |
| $10,000-$24,999 | 0.10% | 0.10% |
| $25,000-$49,999 | 0.10% | 0.10% |
| $50,000-$99,999 | 0.15% | 0.15% |
| $100,000+ | 0.15% | 0.15% |
$100 minimum balance to open and maintain your account. Interest is compounded daily and credited monthly.
*Annual Percentage Yield.
1Minimum Balance to Earn Annual Percentage Yield.
All rates are variable and subject to change. Truth in Savings/Fee Schedule
Certificates | 7-26-2021
| Term | Minimum Balance to Earn APY | Interest Rate | APY* |
|---|---|---|---|
| 6 Months | $500 - $49,999 | 0.15% | 0.15% |
| $50,000 | 0.20% | 0.20% | |
| 12 Months | $500 - $49,999 | 0.20% | 0.20% |
| $50,000 | 0.20% | 0.20% | |
| 24 Months | $500 - $49,999 | 0.30% | 0.30% |
| $50,000 | 0.30% | 0.30% | |
| 36 Months | $500 - $49,999 | 0.35% | 0.35% |
| $50,000 | 0.35% | 0.35% |
Minimum balance to open and earn APY is $500. Fixed rate, interest is compounded daily and credited monthly. For Certificate
Accounts, there is a penalty for early withdrawal of principal.
*Annual Percentage Yield. Truth in Savings/Fee Schedule
Youth Certificates | 7-26-2021
| Term | Minimum Balance to Earn APY | Interest Rate | APY* |
|---|---|---|---|
| 6 Months | $100 | 0.15% | 0.15% |
| 12 months | $100 | 0.20% | 0.20% |
Minimum balance to open and earn APY is $100. Fixed rate, interest is compounded daily and credited monthly. For Certificate
Accounts, there is a penalty for early withdrawal of principal.
*Annual Percentage Yield. Truth in Savings/Fee Schedule