Red Mountain Bank

LIFE Savings Account
Starting LIFE Savings Account For Kids
Certificates of Deposit
CDARS
LIFE Money Market Accounts

Preferred Money Market Account

Personal Savings Brochure

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Life takes a plan
On the road to a secure financial future, you need savings instruments that allow you to rest assured your money is working hard to make LIFE simple. There is no better time to start saving than right now, and there’s no better place than Red Mountain Bank. Preparing for the financial future you want is a journey, and Red Mountain Bank is with you every step of the way. We offer a variety of savings options designed to grow as your needs do, from basic savings accounts to Money Market accounts and CDs. You’ll gain peace of mind knowing your money is secure. There’s no limit to where you can go when you realize your dreams with a little help from Red Mountain Bank.

Make your savings do more. Red Mountain Bank’s savings programs put your money to work for you. With every savings account and money market account, you’ll enjoy a range of complimentary standard features:

View your account anytime, anywhere through Online Banking
Schedule automatic savings transfers from your LIFE Checking Account every month
Complimentary Red Mountain Bank Debit card ^{(1) (3)}
Easily access your funds via any Red Mountain Bank-owned ATM or thousands more ATMs worldwide AND automatic refund of other banks’ transaction fees.

LIFE Savings Account:

Think it’s about time you started saving? Think Red Mountain Bank’s LIFE Savings Account. Simple to open and manage, this account features a low minimum balance that lets you start small and build as you go. Whether you are setting cash aside for a short-term purchase or taking steps to ensure a secure future for your family, a LIFE Savings Account puts you well on your way.

$100 minimum balance, $3 monthly maintenance fee if ledger falls below $100 during the calendar month
$100 minimum opening deposit
Limited transaction account. See account disclosures for details.
Flat rate of interest – no tiers

StartingLIFE Savings Account for Kids:

With Red Mountain Bank’s StartingLIFE savings account, children up to age 19 can get an early start on saving! And better than a piggy bank, this account earns interest. StartingLIFE accounts must be associated with a parent or guardian as primary owner of the account. Just look at a few of the features:

Only $5 to open an account
No minimum balance to earn interest
No fees or service charges
Complimentary on line banking and e-statements
Links to cool financial literacy websites from the RMB website.

Click HERE for Starting LIFE Savings brochure

Certificates of Deposit:⁽²⁾

Someday the kids will go off to college and you’ll settle in for a blissful retirement with the help of Red Mountain Bank Certificates of Deposit (CDs)⁽²⁾. Perfect for saving over a longer period of time, our CDs offer a flexible choice of maturity terms and earn interest at our attractive fixed rates. When your CD matures, you have the option to renew, or put the money towards whatever you want. Our CDs come with flexible terms from 30 days to 5 years.

CDARS®:

CDARS® is the Certificate of Deposit Account Registry Service®. And it’s the most convenient way to enjoy full FDIC insurance on deposits of up to $50 million. With CDARS, you sign one agreement with Red Mountain Bank, earn one interest rate, and receive one regular statement. It’s that easy. CDARS is the perfect solution for many depositors - non-profits and public funds to businesses, advisors (including trustees, CPAs, financial planners and lawyers) and individuals. You’ve worked hard for your money. Now let it work hard for you. Click here for video.

LIFE Money Market Accounts:^{(1) (3)}

For growing your money faster, Preferred Money Market Accounts is just the thing. Money Market Accounts can earn a higher interest rate than our LIFE Personal Savings Account, all while you enjoy the same ready access to your funds. As your balance grows, so does your interest and peace of mind. See specific account details below.

Preferred Money Market Account:^{(1) (3)}

The Preferred Money Market Account is perfect for those who want to earn interest and have flexibility in accessing their money. This account is tiered, so the more money you leave in - the more interest you earn!

$1,000 minimum balance, $10 monthly fee if ledger balance falls below $1,000
Limited transaction account. See account disclosures for more details.⁽³⁾
Tiered interest rates: $0-$4,999; $5,000-$24,999; $25,000-$49,999; $50,000 and above

(1) Subject to credit approval. (2) Penalties may be accessed for early withdrawal. (3)Important Notice: Savings and Money Market Accounts are limited transaction accounts and subject to Federal Reserve Regulation D. Transactions not within the limitations may result in excessive withdrawal fees, account closure, change of account type, termination of transfer capability, or other remedial action. See your account disclosure for full details.