Money Market | RiverWood Bank

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 money monthly.

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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 money 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

High Yield Money Market Account

Yield

High

Highest

Check Writing?

Yes

Yes

Minimum to Avoid Monthly Service Charge

$2,500

$25,000

Withdrawals

Six free withdrawals per account cycle. $2.00 each thereafter

Six free withdrawals per per account cycle. $2.00 each thereafter.

 

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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 money 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) transaction
  • Six free withdrawals per account cycle, then $2.00 each thereafter

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) transaction
  • Six free withdrawals per account cycle, 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.

 

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