Checking Accounts
Raymond Federal Bank offers excellent convenience in our checking products. You may also like to see our savings products! There are plenty of benefits that we pack into our checking accounts:
- Night Depository Service
- Monthly Statements
- FREE Notary Service
- FREE ATM/debit card (upon approval)
- FREE Online Banking (upon approval)
- FREE Bill Pay
- FREE 24 Hour Telephone Banking
- 3 money orders FREE per month
Rate may change after an account is opened. "APY" stands for "Annual Percentage Yield."
Interest +
The Best Deal in Town! Interest Bearing compounded daily, No Service Charge, No Minimum Balance.
| $0.01 to $2,499.99 |
$2,500 to $7,499.99 |
$7,500 to $9,999.99 |
$10,000 to $24,999.99 |
$25,000 and Up | |||||
| Interest | APY | Interest | APY | Interest | APY | Interest | APY | Interest | APY |
| 0.87% | 0.87% | 0.92% | 0.92% | 0.97% | 0.97% | 1.02% | 1.02% | 1.07% | 1.07% |
50+
The Best Deal in Town for customers age 50 and over! Interest Bearing compounded daily, No Service Charge, No Minimum Balance. ALL basic logo checks FREE.
| $0.01 to $2,499.99 |
$2,500 to $7,499.99 |
$7,500 to $9,999.99 |
$10,000 to $24,999.99 |
$25,000 and Up | |||||
| Interest | APY | Interest | APY | Interest | APY | Interest | APY | Interest | APY |
| 0.87% | 0.87% | 0.92% | 0.92% | 0.97% | 0.97% | 1.02% | 1.02% | 1.07% | 1.07% |
Premier Checking
Minimum Opening Deposit = $25,000, Interest Bearing compounded daily, No Service Charge.
| $0.01 to $24,999.99 |
$25,000 and Up | ||
| Interest | APY | Interest | APY |
| 0.87% | 0.87% | 2.35% | 2.37% |
50+ Premier Checking
Minimum Opening Deposit = $25,000, Interest Bearing compounded daily, No Service Charge, ALL basic logo checks FREE.
| $0.01 to $24,999.99 |
$25,000 and Up | ||
| Interest | APY | Interest | APY |
| 0.87% | 0.87% | 2.35% | 2.37% |
Regular Checking
Non-interest bearing account, Regular checking $7.50 monthly service charge, No Minimum Balance.
Business Checking
Non-interest bearing, Monthly Service Charge $30, No Minimum Balance.
Small Business Checking
Non-interest bearing, $250 Minimum Balance, Monthly Service Charge $15 if balance falls below minimum
Visa Debit Cards
All consumer checking accounts are eligible to apply for a FREE Visa Debit card. Upon approval, this card provides cash withdrawals from checking accounts at ATM networks. It can also be used to make purchases in person, online or via the telephone and the purchase is deducted from the checking account.
