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Checking
The Annual Percentage Yield for all checking, savings and CD accounts disclosed below is effective.
Please contact the bank at 1-888-276-3593 for updated information or should you have questions.
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". Fees could reduce earnings.
Interest +
Interest Bearing compounded daily, No Service Charge, No Minimum Balance.
| Amount Range | Interest Rate | APY |
|---|---|---|
| $0.01 - $2,499.99 | 0.01% | 0.01% |
| $2,500.00 - $7,499.99 | 0.02% | 0.02% |
| $7,500.00 - $9,999.99 | 0.03% | 0.03% |
| $10,000.00 - $19,999.99 | 0.04% | 0.04% |
| $20,000 and Up | 0.05% | 0.05% |
50+
Customers age 50 and over! Interest Bearing compounded daily, No Service Charge, No Minimum Balance. ALL basic logo checks FREE.
| Amount Range | Interest Rate | APY |
|---|---|---|
| $0.01 to $2,499.99 | 0.01% | 0.01% |
| $2,500 to $7,499.99 | 0.02% | 0.02% |
| $7,500 to $9,999.99 | 0.03% | 0.03% |
| $10,000 to $19,999.99 | 0.04% | 0.04% |
| $20,000 and Up | 0.05% | 0.05% |
Premier Checking
Minimum Opening Deposit = $20,000, Interest Bearing compounded daily, No Service Charge.
| Amount Range | Interest Rate | APY |
|---|---|---|
| $0.01 to $7,499.99 | 0.01% | 0.01% |
| $7,500 to $19,999.99 | 0.04% | 0.04% |
| $20,000 to $49,999.99 | 0.07% | 0.07% |
| $50,000.00 and Up | 0.1% | 0.1% |
50+ Premier Checking
Minimum Opening Deposit = $20,000, Interest Bearing compounded daily, No Service Charge, ALL basic logo checks FREE.
| Amount Range | Interest Rate | APY |
|---|---|---|
| $0.01 to $7,499.99 | 0.01% | 0.01% |
| $7,500.00 to $19,999.99 | 0.04% | 0.04% |
| $20,000 to $49,999.99 | 0.07% | 0.07% |
| $50,000.00 and Up | 0.1% | 0.1% |
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.
Checks
Deluxe (reorder checks)
https://orderpoint.deluxe.com/personal-checks/reorder-home.htm
Small Business Checking
Non-interest bearing, $250 Minimum Balance, Monthly Service Charge $15 if balance falls below minimum.
MasterCard Debit Cards
All consumer checking accounts are eligible to apply for a FREE MasterCard 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. Fraud Prevention Services monitors cards 24/7 to prevent potential fraudulent use of the debit cards They will call to verify transactions in question.
Visa Credit Cards
At Raymond Federal Bank, our industry-leading Consumer and Business credit card products offer competitive pricing combined with a full range of reward options - making it easy to select and apply for the card that meets your needs. Learn more