Checking, Savings & Money Market Accounts

All the tools you need to help your business grow

Redwood Capital Bank offers many options to assist you in meeting your business banking needs.  With customer care as our top priority, each account is carefully designed to enhance your banking relationship.  Let us be your business partner and your bank of choice.  We look forward to working with you.

Account Options

Redwood Capital Bank’s most simple business checking account.

Features:

  • Low minimum opening balance
  • Up to 100 transactions per month free
  • Free debit card
  • Free Online Banking with Bill Pay
  • FDIC insured

Requirements and Other Restrictions:

  • Minimum opening balance: $300.00
  • The minimum daily balance to avoid a monthly service fee is $300.00.
  • Transactions are limited to 100 per statement cycle - $0.25 per transaction over the limit.

An interest-bearing business checking account.

Features:

  • Up to 150 transactions per month free
  • Earns interest
  • Free debit card
  • Free Online Banking with Bill Pay
  • FDIC insured

Interest:

  • Variable
  • Compounds daily
  • Paid monthly

Requirements and Other Restrictions:

  • Minimum opening balance: $500.00
  • The minimum daily balance to avoid a monthly service fee is $2,500.00.
  • Transactions are limited to 150 per statement cycle - $0.25 per transaction over the limit.

An ideal business checking account for those with a higher volume of transactions.

Features:

  • Allows high volume of activity – up to 300 per month free
  • Free debit card
  • Free Online Banking with Bill Pay
  • FDIC insured

Requirements and Other Restrictions:

  • Minimum opening balance: $500.00
  • The minimum daily balance to avoid a service fee is $10,000.00 combined or $100,000.00 in loans with Redwood Capital Bank.  Combined balance in all primary deposit accounts.

A checking account for business customers with more than 300 transactions per month.

Features:

  • Fees based on account activity
  • Unlimited transactions allowed
  • Earnings credit on collected daily balance
  • Free debit card
  • Free Online Banking with Bill Pay
  • FDIC insured

Requirements and Other Restrictions:

  • Minimum opening balance: $500.00
  • For specific information regarding Business Analysis, please speak with a New Accounts Representative: Eureka: (707) 444-9800 • Fortuna: (707) 725-4722 • Arcata: (707) 826-0878

A deposit account that provides principal security and earns interest.

Features:

  • Earns maximum interest as balance increases
  • Funds remain liquid
  • Unlimited deposits
  • Free Online Banking
  • FDIC insured

Interest:

  • Tiered
  • Variable
  • Compounds daily
  • Paid monthly

Requirements and Other Restrictions:

  • Minimum opening balance: $500.00
  • The minimum daily balance to avoid a service fee is $1,000.00.
  • Six withdrawals per statement cycle, unlimited deposits

A business checking account with a higher level of interest.

Features:

  • Unlimited deposits
  • Unlimited cash withdrawals in person
  • Earns competitive interest rate while keeping funds liquid
  • Free Online Banking
  • FDIC insured

Interest:

  • Tiered
  • Variable
  • Compounds daily
  • Paid monthly

Requirements and Other Restrictions:

  • Minimum opening balance: $5,000.00
  • Minimum balance to earn interest: $10,000.00
  • The minimum daily balance to avoid a monthly service charge is $5,000.00.
  • Six withdrawals per statement cycle with unlimited deposits

A Certificate of Deposit Account Registry Service (CDARS).  The easiest and most convenient way to access FDIC insurance on large CD’s.

Features:

  • Everything is handled through Redwood Capital Bank.
  • A large deposit is divided into smaller amounts and placed with other participating CDARS Network banks. These banks issue CD’s in amounts under the standard FDIC insurance maximum insuring your investment with FDIC protection.
  • Earn one rate per maturity on your entire investment.
  • Receive one account statement listing all of your CD’s along with their issuing banks, maturity dates, interest earned and other details.

Requirements and Other Restrictions:

  • For specific information regarding CDARS, please speak with a New Accounts Representative:
    Eureka: (707) 444-9800 • Fortuna: (707) 725-4722 • Arcata: (707) 826-0878

For further information, or current interest rates, please call or visit any of our three convenient locations.