These are RF investment accounts which have 3-months, 6-months or 12-months maturity. Returns are targeted and may fluctuate. We strive to offer competitive RF market returns. Earned income can be reinvested or paid out monthly. There are two implied rates:
APR: Annual Percentage Rate of Return
APY: Annual Percentage Yield – Which is higher than APR when earnings are reinvested.
The RF income stream produced from the RF investment portfolio is used to pay for overhead & Other Expenses and the net income is distributed between the Investor and the Bank.
No Fee for early withdrawal to meet Emergency and Critical needs of the Investor. However, in case this privilege is abused, there may be a Pre-withdrawal fee. This fee is donated to charity.
There is an option to distribute the earnings monthly and deposit it in an associated Checking account. Please let us know.
Account Insurance:
The account Principal is insured by the Federal Deposit Insurance Corporation – FDIC as follows:
If it is for an Individual: Insured $250,000.
If it is for two people like a husband & wife: $500,000.
If it is for three people like a Husband, a wife and a child it is $750,000 and so on.
If it is a Trust Account with one Trustee, it is insured for up to $250,000; two trustees, it is insured for up to $500,000 and so on.
ATM VISA CARD:
These accounts are NOT entitled to receive an ATM Card.
