There are several key requirements that a very good LED phosphor should meet, i.e., strong absorption, high quantum efficiency, high colour purity, and high luminescence quenching temperature. The reported Rb2Bi(PO4)(MoO4):Eu3+ phosphors have all these properties. The Rb2Bi(PO4)(MoO4):Eu3+ phosphors emit bright red light if excited with near-UV radiation. The calculated colour coordinates show good stability in the 77–500 K temperature range. Moreover, sample doped with 50% Eu3+ possesses quantum efficiency close to unity. Besides the powder samples, ceramic disks of Rb2Eu(PO4)(MoO4) specimen were also prepared, and the red light sources from these disks in combination with near-UV emitting LED were fabricated. The obtained results indicated that ceramic disks efficiently absorb the emission of 375 and 400 nm LED and could be applied as a red component in phosphor-converted white LEDs.