Index Plus Money Market
Please note: These rates are posted for Members who already have an established Index Plus Money Market account. Members with an existing Index Plus Money Market account may deposit into it at any time.
The Index Plus Money Market account is no longer available as a new account. To Members looking for an alternative, we recommend the Balance Money Market account.
- Balances below $1,000 earn 0.20% APY
| Minimum account balance for each Stated Earnings Level | Dividend Rate | APY |
| March 2009 | ||
| $1,000 to $2,499 | 0.200% | 0.20% |
| $2,500 to $4,999 | 0.200% | 0.20% |
| $5,000 to $9,999 | 0.200% | 0.20% |
| $10,000 to $24,999 | 0.300% | 0.30% |
| $25,000 to $49,999 | 0.300% | 0.30% |
| $50,000 to $99,999 | 0.499% | 0.50% |
| Over $100,000 | 0.698% | 0.70% |
| APY = 1 Mo. Constant Maturity Treasury (CMT) + 0.05% | ||
APR=Annual Percentage Rate
APY=Annual Percentage Yield
APY=Annual Percentage Yield
Index Plus Money Market: Dividend yield adjusts monthly based on 1-Month Constant Maturity Treasury (CMT) in effect 2 business days prior to month-end + 0.05%. Index may be viewed at: www.federalreserve.gov/releases/h15/update/h15upd.htm. Balances below $1,000 earn 0.20% APY. Valid on new funds only.
Rates and policies are subject to change without notice. APY's listed above include promotional bonuses. Call for current information or refer to RCU's current Truth in Savings Account Disclosure (TISA) leaflet and Multiple Account Disclosure for full details on early withdrawal penalties, terms and conditions on specific accounts. See separate Cost Recovery Schedule for all fees.
Redwood Credit Union Member deposit accounts are Federally insured up to $100,000 by the National Credit Union Administration (NCUA).
