"Dividend Checking" from Redwood Credit Union

The Basics

Minimum Opening Deposit
 
$500.00
A $500.00 deposit is required to open this account.
Membership is available for anyone living, working or owning a business in the following Northern California counties is eligible: Sonoma, Marin, Napa, San Francisco, Mendocino, Lake, Solano, Contra Costa.
You must also have a Share Savings Account to be a member (see savings account details).
Monthly Service Fee
 
$3.00
The Monthly Service Fee of $3.00 can be waived by maintaining a minimum daily balance of $500.00.
Interest Rate
 
0.10%
The account earns 0.10% interest for balances between $500.00 and $10,000.

Debit Cards & Using ATMs

Redwood Rewards Plus
 
$0.00/yr
This account includes 'Redwood Rewards Plus' program to earn points for gifts and other items. There is no annual fee for this card.
Non-affiliated ATM Usage Fee $0.00
International ATM Usage Fee $0.00

Electronic & Telephone Banking

Online Banking
 
Free
In addition to the standard online banking features, this service includes:
- Secure online document storage;
- Funds transfers to accounts at other institutions.
Email Alerts
 
Included with online banking
This Email Alert feature enables you to receive:
- Warnings when your balance falls below a certain threshold;
- Notice of deposits or withdrawals over a certain threshold;
- The bad news that your account balance is below $0;
- Reminders that bills are coming due for payment;
- Confirmation that bills have been paid;
- Financial Tips, Overdraft Transfer Notification, Seminar Notifications.
Activity Download
 
Included with online banking
You can download 365 days of transaction history in the following formats:
- Quicken 2007 and above;
- QuickBooks 2007 and above;
- MS Money for 2007 and above;
- Quicken and Microsoft Money - QIF file (4 digit);
- Comma Delimited File.
Online Billpay Free
Automated Phone Banking Free
Direct Connect for Quicken Free

Checks & Statements

Unlimited Check Writing Yes
Free or Discounted Checks No
Monthly Paper Statements Yes
Check Images with Statements Not Included
Electronic Statements Yes
Online Check Images
 
Yes
Images of canceled checks can be viewed online for 18 months.

Overdrawing the Account

Insufficient Funds Fee
 
$22.00/per item
The Insufficient Funds Fee is $22.00 per overdraft.
Overdraft Protection
 
Available
This checking account has 2 options for Overdraft Protection.
From a linked Savings Account:
- Funds are transferred in fixed increments of $100.00.
From a linked Overdraft Line of Credit:
- Funds are transferred in fixed increments of $100.00.

Savings and Money Market Accounts

Regular Share Savings
 
$3.00/month
'Regular Share Savings' requires $5.00 to open and $100.00 to earn interest.
This account is required for Redwood CU membership
Current APY Information:
- 0.20% at minimum balance to earn interest;
- 0.20% at minimum balance to avoid fees;
- 0.25% at $25,000.00
The account has a monthly service fee of $3.00. This fee can be waived if you maintain a minimum balance of $75.00.
Money Market Growth
 
No Fee
'Money Market Growth' requires $5.00 to open and $100.00 to earn interest.
Current APY Information:
- 0.20% at minimum balance to earn interest;
- 0.00% at minimum balance to avoid fees;
- 0.25% at $25,000.00
Balance Money Market
 
No Fee
'Balance Money Market' requires $2,500.00 to open
Current APY Information:
- 0.30% at minimum balance to earn interest;
- 0.00% at minimum balance to avoid fees;
- 0.60% at $25,000.00

How To Reach Redwood Credit Union

Go To Website: Redwood Credit Union
Call: (800) 479-7928

Redwood Credit Union Locations

 

Branches

About Redwood Credit Union

From Redwood Credit Union's website: "Redwood Credit Union (RCU) is a full service financial institution, assisting consumers and small business owners with achieving their financial goals and dreams since 1950." Redwood Credit Union has 15 locations, offering checking, savings and investment, loan, and insurance services to its community.

 

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