How does Red Capital work?
With a single complimentary Red Capital login, you can diversify your savings across various insured banks and credit unions. This enables you to maximize federal deposit insurance coverage and make your money work harder for you.
Your Advanced Savings Network
Red Capital offers an exclusive online marketplace where investors can access deposit products with some of the most competitive interest rates available, sourced from a nationwide network of reputable banks and credit unions. Through one seamless account, investors can manage savings accounts, money market deposit accounts (MMDAs), and certificates of deposit (CDs), optimizing their savings strategy to meet their financial goals.
Streamlined Investment Management
Investors often settle for the deposit products offered by their current bank or credit union due to the complexities of researching and managing accounts elsewhere. Red Capital revolutionizes this process by partnering with federally insured banks and credit unions across the U.S., providing access to top-tier savings products through a single, sophisticated online platform.
Consolidated Financial Oversight
With Red Capital, investors can select savings products from a diverse array of banks and credit unions, managing all their investments through one centralized account. Each month, receive a comprehensive statement detailing balances and earned interest across all holdings, providing clear insights into financial growth.
Secure and Transparent Transactions
Investments are always held by a federally insured bank or credit union, ensuring maximum security. When funding a deposit product, the transaction is directly transferred from your bank to a custodial account at the financial institution offering the product. This custodial account safeguards the funds for all Red Capital clients. Deposits are securely maintained by the Custodian Bank for your benefit. Access balances, make adjustments, or retrieve tax statements anytime through your Red Capital account, ensuring complete transparency and control over your investments.
Introducing RED CAPITAL
It's time to ignite your savings journey! Launching a no-cost Red Capital account only requires a few minutes and grants you access to our complete network of federally insured banks and credit unions.
How Insurance Works at Federally
Insured Institutions in the U.S.A
All deposit balances on the Red Capital platform are held at federally insured financial institutions. Participating banks are members of the Federal Deposit Insurance Corporation (FDIC), insuring deposits up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.
​Participating credit unions are insured by the National Credit Union Administration (NCUA) through its Share Insurance Fund. Deposits in participating credit unions are insured by the NCUA up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured credit union, for each deposit account ownership category.
Red Capital is a digital investment platform. We are not a bank and are not a member of the FDIC or NCUA. Red Capital does not have FDIC or NCUA insurance. Products and services are provided by Red Capital.
SOC 2 Certified Organization
SOC 2 certification demonstrates that our platform adheres to rigorous standards for information security. This certification confirms that we have implemented robust internal procedures to safeguard customer data and maintain the highest levels of protection.
Red Capital compared to Traditional Banks
Account Security and Management
Savings Product Variety and Potential
Administrative Efficiency
One secure account protects your personal data and gives you access to a wide range of savings products. You manage everything through a single platform, simplifying your financial management.
Access a broad array of federally insured savings products, including CDs with various terms, which can boost your earnings potential and provide more opportunities for higher returns.
Manage all your savings products through one account, reducing the number of statements, passwords, and administrative tasks. This leads to a more efficient and less time-consuming experience.
You need to open and manage accounts at various institutions, each requiring separate personal information and security measures. This can increase the risk of data exposure and complicate account management.
Typically offers fewer savings products, potentially restricting your ability to maximize returns and choose from a range of competitive options.
Requires handling multiple accounts across different institutions, resulting in numerous statements, multiple passwords, and more time spent managing your finances.