Savings Rates

¹ Loyalty Savings

$5 minimum deposit required to open. To earn the Loyalty Savings Qualified interest rate, you must meet two requirements during the monthly cycle, which begins one day before the last day of the month. 1) Receive e-statements; 2) Receive $1,000 or more in eligible deposits to any Rivermark checking account within the same membership as the Loyalty Savings Account. Eligible deposits must post to the account and be available (must not be pending or held) at the end of the cycle. Deposits originated from other Rivermark accounts, overdraft transfers, Rivermark loan proceeds or credit card advances, fee reversals, refunds or deposits returned unpaid, do not qualify. If you do not meet these requirements your entire Loyalty Savings balance will earn the listed Loyalty Savings Unqualified interest rate. Your rate will decrease as your balance increases. This is a variable rate account and may change after account opening without notice. Only one Loyalty Savings account allowed per membership. Consumer memberships only.

² Savings Account

Minimum balance to open is $5.00. Interest compounded and credited monthly. This is a variable rate account, and the rate may change after account opening without notice. Member Share Account.

³ You Name it Savings

Minimum balance to open is $5.00. Interest compounded and credited monthly. This is a variable rate account, and the rate may change after account opening without notice. Name your account for your savings goal and you’ll be able to track your progress more easily.

⁴ Youth Savings

Minimum balance to open is $5.00. Interest compounded and credited monthly. This is a variable rate account, and the rate may change after account opening without notice. For youth members not yet ready to manage their own accounts.

⁵ Start Savings

Minimum balance to open is $5.00. Interest compounded and credited monthly. This is a variable rate account, and the rate may change after account opening without notice. On the first day of the month following your 23rd birthday, your account will convert to a Savings account. Start Savings assumes a maximum balance of $5,000 when calculating the blended APY rate range. Your APY will decrease as your balance increases. Perfect for teens and college students learning to save smarter. Earn an incredible rate and get access to online financial learning.

⁶ IRA Savings

Minimum balance to open is $5.00. Interest compounded and credited monthly. This is a variable rate account, and the rate may change after account opening without notice. Traditional IRA’s, Roth IRAs, and Educational Savings Accounts available. You may also invest your IRA funds in a Rivermark Certificate Account.

⁷ My First Home Savings

Minimum balance to open is $5.00. Interest compounded and credited monthly. This is a variable rate account, and the rate may change after account opening without notice. Save for your first home with an account that rewards you with tax benefits. My First Home Savings Contribution limits are set by the Oregon Department of Revenue and are subject to income restrictions. Please consult your tax advisor or the Oregon Department of Revenue (HB 4007) for a complete list of rules governing this account and the qualification to determine your applicable tax deductions. The credit union is not responsible or liable for: (a) Determining or ensuring an account satisfies the requirement to be a First-Time Home Buyer Savings account; (b) Determining or ensuring funds in a First-Time Home Buyer Savings account are used for eligible costs; or (c) Reporting or remitting taxes or penalties related to the use of a First-time Home Buyer Savings account. Contributions can be made for up to 10 years or until you purchase a house. The account will be converted to a savings account on the first day of the month following 10 years from the date you opened your account. My First Home Savings assumes a maximum balance of $5,000 when calculating the blended APY rate range. Your APY will decrease as your balance increases.

APY (Terminology)

APY = Annual Percentage Yield.