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Money Market Accounts

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Money Market Accounts

With a GenFed Money Market account, you can earn above-market rates with zero risk! Our dividend rates are in line with mainstream brokerage money market accounts, plus our accounts are fully insured to give you peace of mind. Earn serious interest while you enjoy the flexibility of easy, immediate access to your funds with no hassle and no penalties!

Features and Benefits

There’s no minimum to open your Money Market account, and we won’t charge you any service fees. You can access your funds quickly and easily through our free Online and Mobile banking.

Money Market Rates
BalanceDividend Rate (APY)
Below $2,000.00 0.00%
$2,000.00 - $19,999.99 0.10%
$20,000.00 - $74,999.99 0.12%
$75,000.00 and up 0.15%
Regular savings, money markets, accumulators and checking: Rates are accurate as of 10/1/2020 and subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 10/1/2020. Rates may change after a savings, money market or checking account is opened. Disclosures available upon request. Minimum balance to earn dividends is $100 for regular savings, $1,000 for IRA, $2,000 for money market, $75000.01 for Jumbo Money Market and $1500 for eInterest and second tier of Premier Interest checking. Fees could reduce earnings on accounts. We may offer different rates in the future. APY = annual percentage yield.

Open an Account

APY stands for Annual Percentage Yield. See rates page for full rates disclosure.  ACCOUNTS INSURED UP TO $500,000. American Share Insurance insures each account up to $250,000. Excess Share Insurance Corporation provides up to an additional $250,000 of insurance per account.