BUSINESS SAVINGS

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For every style of business, R Bank has an account that fits your profile well. R Bank understands business. Backed by an experienced team of bankers, our seasoned team members and streamlined approach allow us to meet the needs of small – to medium-sized businesses. Coupled with superb personal service, R Bank has developed deposit accounts, loans, and services that help you create or expand your business, save and grow your revenue, and remain always ready to seize opportunities!

So Simple, Yet Ever So Special
The humble Savings account never looked so good. Whether you want a steady stream of savings, or just a place to keep some money safely out of reach until needed, we can help you.

We Make Your Money Work Harder for You
If your business has current cash or short-term investment needs, R Bank’s Business Money Market account is one hard-working FDIC-guaranteed tiered-interest-bearing account.

The only way R Bank could create a Premium Money Market account better than Business Money Market was to prime it with even higher interest.

Business Saving Solutions*
Minimum Opening Deposit
Minimum Daily Balance
Monthly Service Charge**
Interest Paid
Business Savings
$200
$500
N/A
Yes
Premium Money Market
$2,500
$10,000
$15
Yes
High Yield Money Market
$2,500
$25,000
$15
Yes
Champions Money Market
$2,500
$750,000
$25
Yes

*Savings and Money Market accounts are limited transaction accounts. You may make six (6) withdrawal transactions per statement cycle. Additional transactions (including ACH items and transfers) over six (6) are charged an excessive withdrawal fee. See Deposit Account Agreement for all terms and conditions of these accounts.

**Monthly service charge if balance falls below minimum daily balance on any day of the statement cycle.

 

*Certificates of Deposit are FDIC guaranteed up to the maximum allowed by the FDIC. Penalty may apply for early withdrawal of funds prior to maturity.

High Yield Money Market Disclosure

$2,500 Minimum required to open an account. The monthly daily balance is $25,000 to earn the minimum Annual Percentage Yield (APY)*. Rate and APY are current as of November 11, 2024 and are subject to change without notice. 1 – Interest Rate is 1.00% / 2 – Interest Rate is 1.24% / 3 – Interest Rate is 1.49% / 4-Interest Rate is 2.18%. Monthly Service Charge of $15 if balance falls below $25,000 minimum balance on ANY day of the statement cycle. Money Market Accounts are limited transaction accounts: six (6) withdrawal transactions per statement cycle. Additional transactions (including ACH items and transfers) over six (6) are charged an excessive withdrawal fee. See the Deposit Account Agreement for all terms and conditions of these accounts.