Personal accounts
We know there are other banks that offer free checking—but what’s it worth? All our checking accounts, savings accounts, CDs and IRAs include the valuable service of an experienced, local staff. Here you’ll find all the bells. All the whistles. And someone you know answering the phone.
Compare the benefits
| Checking Account Types | Totally Free Checking Account | Advantage Checking | Senior Platinum Checking | Superior Checking | New Opportunity Checkless Checkingfootnote 1 | Health Savings (HSA) |
|---|---|---|---|---|---|---|
| Minimum deposit to open account | $50 | $100 | $100 | $100 | $25 | $50 |
| Monthly service charge | NONE | NONE | NONE | NONE | $5; waived with eStatement or direct deposit | $3 |
| Minimum balance to avoid fees | NONE | $750 | NONE | $4,000 in all deposit accounts or $10,000 in CDs | NONE | NONE |
| Minimum Balance Fee | NONE | $0 or $7.50 if balance < $750 | NONE | $0 or $12.50 if balance in all deposit accts < $4000 or 10K in CDs |
NONE | NONE |
| Other fees footnote 3 | NONE | NONE | NONE | NONE | NONE | NONE |
| Check card issuance fee | $12 | FREE | FREE | FREE | NONE | $12 |
| Unlimited check card usage | FREE | FREE | FREE | FREE | FREE | FREE |
| Unlimited check writing | FREE | FREE | FREE | FREE | Not available | FREE |
| Interest | NONE | YES | YES | YES | NONE | YES |
| Internet banking | FREE | FREE | FREE | FREE | FREE | FREE |
| Mobile banking | FREE | FREE | FREE | FREE | FREE | Available |
| Bill Pay | FREE | FREE | FREE | FREE | Not available | Not available |
| eStatement | FREE | FREE | FREE | FREE | FREE | Available |
| Additional features | Free check imaging. Free Personal Touch 24 interactive telebank |
1st check order is free | Must be 62 years old 1st order of Senior Platinum checks for free |
Overdraft Protection with no annual fee footnote 2 10% discount on safe deposit box Free personalized Superior Checking checks Free official checks 2 free stop payments per month |
Free Personal Touch 24 interactive telebank Free automatic funds transfers to any RRB account Four (4) free cashier’s checks per month $5 fee charged for each additional cashier’s check |
Tax advantages Consult your tax advisor |
| Savings Account Types | Personal Savings | Dreambuilder | Money Max | Money Market Investment | Kids' Savings | Christmas Club |
|---|---|---|---|---|---|---|
| Minimum to open account | $100 | $1 | $25,000 | $2,500 | $25 | $0 |
| Monthly service charge | NONE | NONE | NONE | NONE | NONE | NONE |
| Minimum balance to earn interest | $1 | $1 | $25,000 | $2,500 | $1 | $1 |
| Minimum Balance Fee | NONE | NONE | NONE | $0 if minimum balance > $2500, if < $2500 = $9.50 | NONE | NONE |
| Other fees footnote 1 | 3 free, $3 each for next three & $15 each after six, per month | NONE | 3 free withdrawals per month. $25 for each additional |
6 free withdrawals per month, $15 for each additional | 3 free, $3 each for next three & $15 each after six, per month | Premature withdrawal or early closure fee $20 |
| Interest | YES | YES | YES | YES | YES | NONE |
| Internet banking | FREE | YES | FREE | FREE | YES | Available |
| Mobile banking | FREE | YES | FREE | FREE | YES | Available |
| Bill Pay | Not available | Not available | Not available | Not available | Not available | Not available |
| eStatement | FREE | YES | FREE | FREE | Available | Available |
| Debit card | Not availablefootnote 2 | Not available | Not available footnote 3 | Not available footnote 4 | Not available footnote 5 | Not available |
| Additional features | Monthly automatic transfer of at least $10 from checking account is required Monthly combined statement with checking account Maximum of 1 withdrawal per month in person or by telephone Online banking transfers into account permitted |
Must have existing deposit account with RRB | Automatic distribution in Oct. of each year |
| CDS & IRAs Account Types | CDs | IRA CDs footnote 1 |
|---|---|---|
| Minimum to open account | $500 | $500 |
| Monthly service charge | NONE | NONE |
| Minimum balance to earn interest | $1 | $1 |
| Interest | Fixed Interest | Fixed Interest |
| Conditions | Early withdrawal subject to penalty depending on product terms | Early withdrawal subject to penalty depending on product terms |
| Terms | 30 days – 10 years | 1–10 years |
| Additional features | Flexible terms and rates Can combine statements with checking account |
Can combine statements with checking account. |
Disclosures
- To qualify for New Opportunity Checkless Checking certain requirements must be met.
- subject to credit approval.
- Additional fees may apply.
Find our Red River Bank 2024 Consumer Education Information (PDF) here.
Disclosures
- Additional fees may apply. Fees may reduce earnings.
- Savings & Money Market accounts don't include a debit card. Your checking account debit card can be linked to your Savings or Money Market account.
- Savings & Money Market accounts don't include a debit card. Your checking account debit card can be linked to your Savings or Money Market account.
- Savings & Money Market accounts don't include a debit card. Your checking account debit card can be linked to your Savings or Money Market account.
- Savings & Money Market accounts don't include a debit card. Your checking account debit card can be linked to your Savings or Money Market account.
Find our Red River Bank 2024 Consumer Education Information (PDF) here.
Click here to view our 2024 HSA information (PDF).