Endeavor Money Market

The Endeavor Money Market provides businesses with larger balances the opportunity to earn higher dividend rates than a savings account.

Why choose an Endeavor Money Market?

  • $2,000 minimum deposit required to open account
  • Earn dividends on balances over $2,000
  • Up to six withdrawals per month
  • Tiered rates based on balance

How do I open an Endeavor Money Market Account?

It's easy! Come in to any RFCU® branch with tax documents (EIN paperwork or filed tax returns) AND proof of business:

  • Sole Proprietor - business/occupational license (if applicable)
  • Partnership - partnership agreement (if applicable)
  • Limited Liability Company - certified copy of your Articles of Organization or certified copy of Certificate of Formation
  • Corporation - certified copy of your Articles of Incorporation or certified copy of Certificate of Formation
  • Association, Organization or Club - meeting minutes authorizing account and signatory or other validating documents

 

Must be current RFCU member or Service Group to open a business account. Must be eligible for membership and open a share savings account to become a member. A $5 minimum balance is required to open a share savings account and must be maintained in the share savings account at all times.

The minimum daily balance required to earn dividends for an Endeavor Money Market account is $2,000.00. No dividends will be earned for the length of time the balance is below $2,000.00. The minimum balance for the Endeavor Money Market account tier must be maintained to earn the annual percentage yield applicable for that tier. Dividends are paid monthly for Endeavor Money Market account.

*If more than six checks clear the Endeavor Money Market account during a month, a Money Market Excessive Check Fee will be imposed per check in excess of six.

Need assistance? Contact Business Services & Support

Call us at 256-327-1104
Monday - Friday: 8 am - 5 pm
or email info@redfcu.org

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