RBFCU offers two types of money market accounts: the Classic Money Market account and the Choice Money Market account. For the former, a flat rate is offered depending on the balance in the account. With the Choice Money Market account, a blended rate structure applies.
The yields that are offered are higher than those for regular savings account holders. In exchange for a higher yield, however, a larger minimum balance is required. When accounts fall below the minimum balance threshold, a savings account rate automatically applies. instead of the appropriate money market account yield.
No monthly service fees for either account.
The minimum balance requirement is on the lower end of the spectrum.
A relatively low balance is needed to earn the top yield.