Money Market
Whatever your next savings goal may be, a Money Market account can help you grow your money faster. These accounts offer a tiered interest rate, offering a higher rate of return when you maintain higher balances.
Features and Benefits:
- $0 monthly service fee
- Monthly/Quarterly statements make bookkeeping easier
- Easy, unrestricted access to your money at any First Fed branch
- Unlimited ATM and in-person withdrawals
- 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.
- This account is a tiered rate account and may earn a different rate of interest depending on the balance maintained
- Customary NSF fees and check-ordering costs apply
First Rate Money Market
This account offers easy access to your funds as you grow your savings. A minimum deposit of $1,000 to open. See current rates below.
Spruce Money Market
For larger deposits, Spruce Money Market features a higher tiered interest rate to grow your savings faster. A minimum deposit of $10,000 to open. See current rates below.
First Rate Money Market Rates
Apply Now| Account Type | Interest Rate | APY* | Method of Compounding | Minimum Deposit to Earn APY |
|---|---|---|---|---|
| $0.00 - $999.99 | 0.01% | 0.01% | Daily | $0.00 |
| $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: 12/21/2024
Revised: 12/20/2024
*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. Minimum opening deposit of $1,000.00. Early closing fee of $15 if account is closed within 90 days of opening.
Spruce Money Market Rates
| Account Type | Interest Rate | APY* | Method of Compounding | Minimum Deposit to Earn APY |
|---|---|---|---|---|
| $0-$9,999.99 | 0.01% | 0.01% | Daily | $1 |
| $10,000-$99,999.99 | 0.10% | 0.10% | Daily | $10,000.00 |
| $100,000.00 - $249,999.99 | 0.15% | 0.15% | Daily | $100,000.00 |
| $250,000.00 - $499,999.00 | 0.20% | 0.20% | Daily | $250,000.00 |
| $500,000.00 or more | 0.30% | 0.30% | Daily | $500,000.00 |
Interest Rates Effective: 12/21/2024
Revised: 12/20/2024
*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. Minimum opening deposit of $10,000.00. Early closing fee of $15 if account is closed within 90 days of opening.