Randolph Brooks Federal Credit Union Review 2022
Randolph-Brooks Federal Credit Union Review 2022 Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure
Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The account is a low-cost savings option, and it pays a decent APY. Consumers searching for the most competitive savings APYs will want to shop around, however.
Only six online or phone transfers per month are permitted. But after the sixth transfer of the month, additional transfers can be made at a Randolph-Brooks Federal Credit Union branch.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Certificate terms are listed in ranges, such as six to 11 months and 12 to 23 months. Besides the standard certificates, there’s an 18-month SuperSaver Certificate paying a slightly higher yield across all balances. All certificates require at least $1,000 to open and earn interest.
Despite offering a wide range of certificate terms, the credit union doesn’t offer any specialty certificates, such as a no-penalty certificate.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
For the Classic Money Market account, the same APY is offered on balances of $2,500 or more. With the Choice Money Market account, a blended rate structure applies. At the time of Bankrate’s review, the $2,500-$10,000 tier earned the account’s highest APY, followed by the $10,000-$25,000 tier. Balances of $25,000 or more earned the lowest APY, less than half of what the top tier earned.
RBFCU’s top-tier APY was very competitive at the time of Bankrate’s review.
A $2,500 minimum balance is required to open each money market account, and neither charges a monthly service fee. The credit union doesn’t offer check writing with its money market accounts.
The credit union has its own ATMs and is a member of the CO-OP ATM network, giving members free access to more than 30,000 ATMs.
Members have access to online bill pay and free standard checks when ordered online. Person-to-person payment platforms like Zelle, however, are not available.
Through the credit union’s direct deposit system, members can get paid up to two days early. A few overdraft protection options are available and overdraft fees are low compared to other financial institutions.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Randolph-Brooks Federal Credit UnionRandolph-Brooks Federal Credit Union Review 2022
Matthew Goldberg is a consumer banking reporter at Bankrate. Matthew has been in financial services for more than a decade, in banking and insurance. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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At a glance
4.4 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
RBFCU could be an ideal choice for Texans looking for a full-service credit union with several options for savers and a relatively fee-free checking account. The credit union offers many ways to become a member.Highlights
Free Checking No Monthly Fees Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
Randolph-Brooks Federal Credit Union is one of America’s best credit unions and one of the largest in the state of Texas.Pros
The credit union offers a range of CD terms from six months to seven years. The Choice account gives savers the opportunity to earn a very high yield on a portion of their balance. Members have access to nearly 30,000 ATMs within the CO-OP network. Digital wallet access, early direct deposit, free bill pay and account alerts are available.Cons
The credit union doesn’t offer any specialty certificates. There’s no check writing available with the credit union’s money market accounts. Zelle is not available.Randolph-Brooks Federal Credit Union bank products
Savings CD Money Market Checking 3.3 Bankrate ScoreRandolph-Brooks Federal Credit Union savings overview
Just $1 is needed to open and maintain a regular savings account and membership with RBFCU. No monthly service fee is charged.The account is a low-cost savings option, and it pays a decent APY. Consumers searching for the most competitive savings APYs will want to shop around, however.
Only six online or phone transfers per month are permitted. But after the sixth transfer of the month, additional transfers can be made at a Randolph-Brooks Federal Credit Union branch.
Pros
The account only requires $1 to open. There are no monthly service fees.Cons
The account pays more than the national average, but better rates can be found. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 4.2 Bankrate ScoreRandolph-Brooks Federal Credit Union CD overview
Certificate terms at RBFCU range from six months to seven years. Annual percentage yields depend on the size of the deposit, though they’re currently the same across all balance tiers and only vary depending on the length of the term.Certificate terms are listed in ranges, such as six to 11 months and 12 to 23 months. Besides the standard certificates, there’s an 18-month SuperSaver Certificate paying a slightly higher yield across all balances. All certificates require at least $1,000 to open and earn interest.
Despite offering a wide range of certificate terms, the credit union doesn’t offer any specialty certificates, such as a no-penalty certificate.
Pros
All certificates require a manageable $1,000 deposit to open. The credit union offers a range of CD terms from six months to seven years.Cons
Higher yields are not offered for higher balance tiers. The credit union doesn’t offer any specialty certificates. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 4.8 Bankrate ScoreRandolph-Brooks Federal Credit Union money market overview
RBFCU offers two types of money market accounts: the Classic Money Market account and the Choice Money Market account.For the Classic Money Market account, the same APY is offered on balances of $2,500 or more. With the Choice Money Market account, a blended rate structure applies. At the time of Bankrate’s review, the $2,500-$10,000 tier earned the account’s highest APY, followed by the $10,000-$25,000 tier. Balances of $25,000 or more earned the lowest APY, less than half of what the top tier earned.
RBFCU’s top-tier APY was very competitive at the time of Bankrate’s review.
A $2,500 minimum balance is required to open each money market account, and neither charges a monthly service fee. The credit union doesn’t offer check writing with its money market accounts.
Pros
No monthly service fee is charged for either account. The Choice account gives savers the opportunity to earn a high yield on a portion of their balances. The minimum balance requirement is manageable, compared with some other money market accounts.Cons
There’s no check-writing available 4.8 Bankrate ScoreRandolph-Brooks Federal Credit Union checking overview
RBFCU’s Really Free Checking Account is a low-cost account that pays some interest. There are no minimum balance requirements or monthly charges for keeping the account open.The credit union has its own ATMs and is a member of the CO-OP ATM network, giving members free access to more than 30,000 ATMs.
Members have access to online bill pay and free standard checks when ordered online. Person-to-person payment platforms like Zelle, however, are not available.
Through the credit union’s direct deposit system, members can get paid up to two days early. A few overdraft protection options are available and overdraft fees are low compared to other financial institutions.
Pros
There are no monthly maintenance fees or minimum balance requirements. Members can get paid up to two days early. The overdraft fee is below what other financial institutions charge.Cons
Only one checking account option is available. Person-to-person payment platforms like Zelle are not available. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
Randolph-Brooks Federal Credit Union has 60 branch locations, all in Texas. A photo ID must be presented before completing any transactions. There’s surcharge-free access to all ATMs (nearly 30,000) within the CO-OP network. The credit union offers . Members hoping to get in touch with the bank can call and contact a member service representative or send an email. Different phone numbers are listed on the website depending on the product or service you need assistance with. While there’s no access to person-to-person payment platforms like Zelle, RBFCU members with cards can use mobile wallets, including Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay. There’s free online and mobile bill pay, remote check deposit, and email and text alerts. A mobile app is available as well for Android and iPhone users. Financial resources for members include free and inexpensive online seminars and free classes offered by the credit union’s financial education team. There are also many calculators available for members who need loans or help budgeting and figuring out how much to save for retirement and college.About Randolph-Brooks Federal Credit Union
Randolph-Brooks Federal Credit Union was founded in 1952. What began as a financial institution for members of the military and their families is now one of the largest credit unions in Texas. RBFCU today provides services to more than 1 million members. Membership in the credit union is open to others outside the military, depending where they live, work, worship, attend school or other affiliation. Having an immediate family member who’s a member of the credit union is another way to qualify for membership.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .