Money Market Savings Accounts

The flexibility of a checking account with the earning power of a savings account. Our Money Marketing savings accounts earn higher interest than a standard savings account, but still allow you to withdraw and transfer money1 monthly.

START OPENING A MONEY MARKETTalk to a Banker

 

Why Choose a Money Market Savings Account?

Money Market Savings accounts offer more flexible options compared to other savings accounts or CDs . These accounts earn a higher interest but allow you to withdraw and transfer money1 with less restrictions. You can also write checks with a Money Market Savings account.

Compare Money Market Savings Accounts

RiverWood Bank offers several different types of Money Market Savings accounts. 

Account Type

Money Market Account

Reward Market Account

High Yield Money Market Account

Yield

High

Higher

Highest

Check Writing?

Yes

Yes 

Yes

Bonus Rate2 for Reward Checking Customers

None

Yes

None

Minimum to Avoid Monthly Service Charge

$2,500

$2,500

$25,000

Withdrawals

Six free withdrawals per month. $2.00 each thereafter
Up to 6 preauthorized transfers per month1

Six free withdrawals per month. $2.00 each thereafter
Up to 6 preauthorized transfers per month1

Six free withdrawals per month. $2.00 each thereafter
Up to 6 preauthorized transfers per month1

1 Preauthorized withdrawals or transfers are limited to a combined total of six per account cycle.

2 Bonus rates cannot be combined with other special offers. Must open Reward Checking Account to obtain Reward Money Market rates.

Conveniently Apply Online.

START OpenING an Account

Don't Want to Apply Online?

Visit any RiverWood Bank location or call (888)751-5120 to speak with a banker.

Money Market Savings

Earn higher interest without limited access to your money. Our Money Market savings account allows you to earn more interest, while still being able to withdraw and transfer money1 monthly.

  • Earns daily interest, paid monthly
  • $2,500 minimum daily ledger balance required
  • $20 monthly if minimum balance not maintained
  • Competitive, tiered rates paid on daily collected balance
  • Monthly statements, combined statements available
  • Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • Six free withdrawals per month, then $2.00 each thereafter

Reward Money Market Savings

Our Reward Money Market savings account allows customers with a Reward Checking to earn a bonus rate.2

  • Earns daily interest, paid monthly (contact a banker for rates)
  • $2,500 minimum daily ledger balance required
  • $20 monthly if minimum balance not maintained
  • Competitive, tiered rates paid on daily collected balance
  • Monthly statements, combined statements available
  • Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • Six free withdrawals per month, then $2.00 each thereafter
  • Reward Checking customers qualify for Reward Money Market Savings bonus rate.2

High Yield Money Market Savings

Our High Yield Money Market Savings allows you to generate higher interest on a larger opening balance.

  • Earns daily interest, paid monthly
  • $25,000 minimum daily ledger balance required
  • $30 monthly if minimum balance not maintained
  • Monthly statements, combined statements available
  • Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • Six free withdrawals per month, then $2.00 each thereafter
  • Must have a RiverWood Bank checking account to qualify

Still Have Questions?

Find FAQs, routing numbers and online banking tutorials in our Education Center.

1 Preauthorized withdrawals or transfers are limited to a combined total of six per account cycle.

2 Bonus rates cannot be combined with other special offers. Must open Reward Checking Account to obtain Reward Money Market rates.

 

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