These Savings Accounts allow Your RF Bank of Whittier to invest the funds in any RF financing (lending) activity.
The RF income stream is used to pay for overhead & other expenses. The net income is shared between the Depositor and the Bank. RATES OF RETURN CAN FLUCTUATE and are COMPETITIVE WITH Riba-Based Savings Accounts.
THERE ARE NO LIMITS ON THE NUMBER OF WITHDARWALS PER MONTH
Account Insurance:
The account 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.
