Madrona Money Market

Strengthen your savings with Madrona 4.20% APY1

Our Madrona Money Market high yield account offers a high interest rate for higher balances. Money market funds are federally insured for at least $250,000, as First Fed is a member FDIC bank.  Open with a minimum deposit of $10,000.

Features include:

  • Up to 4.20% APY1 as of 4/1/2024
  • Free withdrawals from more than 37,000 MoneyPass ATMs nationwide. Fee of $2.50 for each withdrawal made from ATMs out of the MoneyPass network.
  • Online and mobile banking 
  • No monthly maintenance fee

Grow your savings with a higher rate today! 

Open in a Branch              Open by phone: 800-800-1577

 



How your money grows with 4.20% APY1 daily compound interest:

Your savings balance:You make after 12 months:*
$100,000$4,195.39
$250,000$10,488.47
$500,000$20,976.94

*The annual percentage yield (APY) is variable. Interest earnings calculation assumes that the rates stay the same, interest remains on deposits, and no withdrawals are taken. Fees can reduce earnings.



How to access your funds in Madrona Money Market

  • Add funds and take out cash via an ATM card, which can be requested by calling 800-800-1577
  • Use online banking or mobile banking to initiate a payment or electronic fund transfer (ACH)
  • Visit one of our full-service branches for a withdrawal or to initiate a wire transfer


Madrona Money Market

Balance Interest Rate APY* Method of Compounding Minimum Balance to Earn APY
$0 - $99,999.99 0.25% 0.25% Daily $1
$100,000 - $249,999.99 4.11% 4.20% Daily $100,000
$250,000 and up 4.11% 4.20% Daily $250,000

Interest Rates Effective: 07/01/2024

Revised: 06/28/2024

*APY is Annual Percentage Yield. APY assumes principal and interest remain on deposit for one year at the same interest rate. $15 closing fee if closed in the first 90 days. Fees could reduce earnings. Interest rates for the above accounts may change after account is opened.  Minimum deposit to open is $10,000. No maximum.
Start growing your savings with a higher rate today! 

Open in a Branch              Open by phone: 800.800.1577

 


 

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