Savings Accounts

Deposit Application

Passbook Savings

  • No minimum balance required
  • No on-going monthly service charge
  • Interest compounded daily, credited quarterly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals

Red River Investment

  • $1,000 minimum balance required
  • Interest compounded monthly, credited monthly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals
  • $8.00 service charge per statement cycle if balance falls below $1,000 any day during statement cycle

Personal Money Market

  • $35,000 minimum balance required
  • Interest compounded monthly, credited monthly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals
  • $15.00 service charge per statement cycle if balance falls below $35,000 any day during statement cycle

       Christmas Club

  • $10.00 minimum balance required
  • Interest is compounded daily and credited to the account quarterly
  • The interest rate is tied to the Red River State Bank 12 month Certificate of Deposit rate
  • Funds are required to remain on Deposit until November 1st of each year
  • Check issued on November 1st of each year for the balance plus the accrued interest