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Embracing Financial Inclusion: Raiz Lowers Minimum Account Balance to $5

February 1, 2024

At Raiz, we believe in the power of financial goals to inspire innovation. Our vision for the community revolves around making financial inclusion the standard, ensuring that everyone has the opportunity to thrive. To further this commitment, we are excited to announce a significant change that will
directly benefit our members.

Starting February 1, 2024, Raiz is lowering the minimum account balance for your Raiz Savings/Share Account from $25 to just $5. This adjustment is part of our ongoing effort to reimagine what a credit union can do for you and promote financial accessibility for all.

What does this mean for you? Firstly, there’s no need for any additional action on your part. This change will automatically apply to all current and future member accounts. Your financial success matters to us, and this modification allows you to keep more of your money without compromising the benefits of banking with a credit union you know and appreciate.

We understand that competitive rates, convenient digital banking, and dedicated Raiz Member Service Representatives who prioritize your needs are crucial aspects of your banking experience. With this reduction in the minimum account balance, you can now enjoy these perks while holding onto more of your hard-earned money.

But that’s not all – the funds saved from your minimum account balance can now be utilized to open additional accounts for you and your family. This means more opportunities for financial growth and flexibility for you and your loved ones. Again, there is no need for any additional action on your part; this change will seamlessly apply to all current and future member accounts.

If you have any questions about this change or need assistance, our dedicated Raiz representatives are ready to help. You can chat with us online or call us at 1-877-378-3281. We appreciate your trust in Raiz as your financial partner throughout your journey.

It’s important to note that the minimum savings account balance serves as your par value/membership fee, and a minimum deposit of $5.00 is required
to open a Raiz Savings Account. Additionally, members must meet membership eligibility requirements.

Thank you for being a valued member of Raiz. We are committed to making strides towards a future where financial inclusion is not just a goal but a reality for everyone in our community. Join us in this exciting journey! Open your Raiz Savings/Share Account today! 
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