First Rate Money Market
Whatever your next savings goal may be, a First Federal First Rate Money Market can help grow your savings faster if you carry a higher balance. With a tiered interest rate, get rewarded when you maintain higher balances.
Features and Benefits:
- $0 monthly service fee1
- Monthly/Quarterly statements makes bookkeeping easier
- Easy, unrestricted access to your money at any First Federal branch
- Unlimited ATM and in-person withdrawals2
- Waived fees on any withdrawals with First Federal ATMs, as well as fee waivers on 32,000+ ATMs within the MoneyPass network.2
A minimum deposit of $1,000 to open. This account is a tiered rate account and may earn a different rate of interest depending on the balance maintained. See account disclosure or deposit rate sheet for more information.
First Rate Money Market Rates
Apply Now| Account Type | Interest Rate | APY* | Method of Compounding | Minimum Deposit to Earn APY |
|---|---|---|---|---|
| $1,000.00 - $9,999.99 | 0.05% | 0.05% | Daily | $1,000.00 |
| $10,000.00 - $49,999.99 | 0.05% | 0.05% | Daily | $10,000.00 |
| $50,000.00 - $99,999.99 | 0.10% | 0.10% | Daily | $50,000.00 |
| $100,000.00 or more | 0.15% | 0.15% | Daily | $100,000.00 |
Interest Rates Effective: 4/16/2021
Revised: 4/15/2021
Annual Percentage Yield assumes principal and interest remain on deposit for one year at the same interest rate. Fees could reduce earnings. Interest rates for the above accounts may change after account is opened.
Considering Other Accounts?
Summit Savings
An interest bearing personal savings account with limited monthly transactions.
Certificate of Deposits
CDs offer competitive fixed interest rates, with a variety of terms to choose from.
- Customary NSF fees and check-ordering costs apply.
- A fee of $2.50 will be charged for each withdrawal from an ATM not owned or operated by First Federal. Fees will be waived if the ATM is part of the MoneyPass network.