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 higher interest rates while allowing you to withdraw and transfer money with fewer restrictions. Additionally, you can 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 account cycle. $2.00 each thereafter |
Conveniently Apply Online.
Don't Want to Apply Online?
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 is not maintained
- Competitive, tiered rates paid on a daily collected balance
- Monthly statements, combined statements available
- Withdrawals or transfers are 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 the minimum balance is not maintained
- Monthly statements, combined statements available
- Withdrawals or transfers are 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
.jpg)
