As a member-owned, not-for-profit financial institution, our sole purpose is to serve our members. We return profits to you in the form of higher deposit rates and fewer fees.
Checking Account Rates
Dividend Checking
| Required Opening Deposit | Minimum Balance to Earn Dividends | Dividend Rate (APY) |
|---|---|---|
| $50 | $100 | 0.10% |
Savings Account Rates
Traditional Savings Account
| Required Opening Deposit | Minimum Balance to Earn Dividends | Dividend Rate (APY) |
|---|---|---|
| $25 | $100 | 0.10% |
Special Purpose Savings Account
| Type | Minimum Balance to Earn Dividends | Dividend Rate (APY) |
|---|---|---|
| Christmas Club | $100 | 0.15% |
| All Other Club Accounts | $100 | 0.10% |
Health Savings Account
| Balance | Tiered Dividend Rate (APY) |
|---|---|
| Below $100 | 0 |
| $100.00 - $2,499.99 | 0.55% |
| $2,500.01 - $10,000.00 | 0.65% |
| $10,000.01 and up | 1.25% |
Accumulator Savings Account
| Accumulator Type | Minimum Balance to Open | Minimum Balance to Earn Dividends | Dividend Rate (APY) |
|---|---|---|---|
| Certificate Savings Club | N/A | $100 | 0.10% |
| IRA Savings | $100 | $100 | 0.20% |
Youth Account Rates
Cash Cow Savings Account
| Required Opening Deposit | Minimum Balance to Earn Dividends | Dividend Rate (APY) |
|---|---|---|
| N/A | N/A | 0.10% |
Money Market Account Rates
| Balance | Dividend Rate (APY) |
|---|---|
| Below $2,000.00 | 0 |
| $2,000.00 - $19,999.99 | 0.90% |
| $20,000.00 - $74,999.99 | 1.00% |
| $75,000.00 and up | 1.20% |
Certificate Rates
Standard Certificates
| Term | Minimum Balance to Earn Dividends | Dividend Rate (APY) |
|---|---|---|
| 6 month | $1,000 | 1.60% |
| 9 month | $1,000 | 1.75% |
| 12 month | $1,000 | 1.90% |
| 18 month | $1,000 | 2.10% |
| 24 month | $1,000 | 2.30% |
| 30 month | $1,000 | 2.40% |
| 36 month | $1,000 | 2.50% |
| 48 month | $1,000 | 2.75% |
| 60 month | $1,000 | 3.00 |
IRA Certificates
| Term | Minimum Balance to Earn Dividends | Dividend Rate (APY) |
|---|---|---|
| 12 month | $1,000 | 1.90% |
| 18 month | $1,000 | 2.10% |
| 24 month | $1,000 | 2.30% |
| 30 month | $1,000 | 2.40% |
| 36 month | $1,000 | 2.50% |
| 48 month | $1,000 | 2.75% |
| 60 month | $1,000 | 3.00% |
Special Certificate Options
| Type | Term | Minimum Balance to Earn Dividends | Dividend Rate (APY) |
|---|---|---|---|
| Youth Certificate | 3 month | $500 | 0.75% |
| Education IRA Certificate | Same as standard certificates | $500 | Standard rate + 0.25%* |
| Bump-Up Certificate | 37 month | $1,000 | 2.05%** |
| Bump-Up Certificate | 57 month | $1,000 | 2.30%** |
*Education IRA Certificates receive a 0.25% APY increase over non-special rates for first time deposits.
Regular savings, money markets, accumulators and checking: Rates are accurate as of 12/1/2018 and subject to change at any time. Annual percentage yield on regular savings is accurate as of the last declaration date of 10/1/2018. Rates may change after a savings, money market or checking account is opened. Disclosures available upon request. Minimum balance to earn is $100 for regular savings, $1,000 for IRA, $2,000 for money market, $75000.01 for jumbo money market and $100 for dividend checking. Fees could reduce earnings on accounts. We may offer different rates in the future. APY = annual percentage yield.
Certificates: Rates are accurate as of 12/1/2018 and subject to change at any time. Penalty will be imposed for early withdrawal. Disclosures available upon request. Contact Genfed staff for more information about current rates, terms and fees. Fees or early withdrawals could reduce earnings on certificates. We may offer different rates in the future. *3-month certificate is for MINORS ONLY with a minimum of $500. Minimum balance to earn is $1,000 for share certificates. APY = annual percentage yield. **Available on new money only. Minimum deposit is $1,000. One rate increase can be requested and performed during the life of the certificate to a current standard rate. Bumps will be made to the rate available for the term closest to, but no greater than, the number of months remaining on the Bump-Up Certificate. Will roll over into S1 Share Savings account at maturity.
IRA certificates: Rates are accurate as of 11/1/2018 and subject to change at any time. Penalty will be imposed for early withdrawal. Disclosures available upon request. Contact GenFed staff for more information about current rates, terms and fees. Fees or early withdrawals could reduce earnings on certificates. We may offer different rates in the future. Minimum balance to earn is $1,000 for IRA. APY = annual percentage yield.