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 DepositMinimum Balance to Earn DividendsDividend Rate (APY)
$50$1000.10%

 

Savings Account Rates

Traditional Savings Account

Required Opening DepositMinimum Balance to Earn DividendsDividend Rate (APY)
$25$1000.10%

Special Purpose Savings Account

TypeMinimum Balance to Earn DividendsDividend Rate (APY)
Christmas Club$1000.15%
All Other Club Accounts$1000.10%

Health Savings Account

BalanceDividend Rate (APY)
Below $1000
$100.00 - $2,499.990.15%
$2,500.01 - $10,000.000.20%
$10,000.01 and up0.75%

Accumulator Savings Account

Accumulator TypeMinimum Balance to OpenMinimum Balance to Earn DividendsDividend Rate (APY)
Certificate Savings ClubN/A$1000.10%
IRA Savings$100$1000.15%

 

Youth Account Rates

Cash Cow Savings Account

Required Opening DepositMinimum Balance to Earn DividendsDividend Rate (APY)
N/AN/A0.10%

 

Money Market Account Rates

BalanceDividend Rate (APY)
Below $2,000.000
$2,000.00 - $19,999.990.15%
$20,000.00 - $74,999.990.20%
$75,000.00 and up0.25%

 

Certificate Rates

Standard Certificates

TermMinimum Balance to Earn DividendsDividend Rate (APY)
6 month$1,0000.25%
9 month$1,0000.35%
12 month$1,0000.40%
18 month$1,0000.65%
24 month$1,0000.75%
30 month$1,0000.90%
36 month$1,0001.07%
48 month$1,0001.30%
60 month$1,0002.00%

IRA Certificates

TermMinimum Balance to Earn DividendsDividend Rate (APY)
12 month$1,0000.40%
18 month$1,0000.65%
24 month$1,0000.75%
30 month$1,0000.90%
36 month$1,0001.07%
48 month$1,0001.30%
60 month$1,0002.00%

Special Certificate Options

TypeTermMinimum Balance to Earn DividendsDividend Rate (APY)
Youth Certificate3 month$5000.15%
Education IRA CertificateSame as standard certificates$500Standard rate + 0.25%*
Bump-Up Certificate37 month$1,0000.85%**
Bump-Up Certificate57 month$1,0001.20%**

*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 5/1/2017 and subject to change at any time. Annual percentage yield on regular savings is accurate as of the last declaration date of 4/1/2017. 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 5/1/2017 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 5/1/2017 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.