Your financial health is important to us at Red Canoe. That’s why we automatically open a free Savings Account when you become a member with us. We want all our members to have a little extra cushion in their finances to protect against unforeseen expenses and avoid getting into debt in the case of an emergency.
Red Canoe Savings Account
Have more than one saving goal in mind? You can have as many savings accounts as you need at Red Canoe. When you open additional savings accounts, you can name the account anything you want, so you can remember it’s purpose and your goal (i.e., ‘Disney Fund’ or ‘Emergency Fund’).
Debit Card Round Up Account
Every time you use your debit card, the transaction will be rounded up to the nearest dollar. At the end of the day, we’ll transfer the total from your round-ups to your new Round Up Savings account. Your Round Up Savings account earns a premium APY* of 3% on the first $1,000 you save!
Money Market Account
Have you built up your savings account, and are looking for a higher return on your money? Consider our free Money Market account! Maintain a $500 minimum balance in this account to earn higher dividends, and retain access to your money when you need it.
Christmas Club Account
By opening a free Christmas Club Account, you can help alleviate holiday debt and plan year-round for a financially stress-free occasion. In early November, this account will automatically deposit your saved funds directly into your regular savings account, leaving plenty of time for your Holiday planning and purchases.
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*APY = Annual Percentage Yield. Valid only with Simply Smart Checking Accounts. Debit Round Up Savings Accounts pay a higher dividend rate on balances up to $1,000. The remaining balance over $1,000 earns the standard savings account dividend rate.