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Deposit Rates

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Deposit Rates

Deposit Rates

Checking Account Rates
Effective Date: 10/1/2021
Account TypeRequired Opening DepositMinimum Balance to Earn DividendsDividend Rate/APY (Interest Rate)
eInterest Plus Checking $50 $0.00 0.05%
50+ Interest Checking $50 $0.00 0.05%
Premier Interest Checking $50 $0.00 0.05%
Premier Interest 2nd Tier $50 $1,500.00 0.10%
Regular savings, money markets, accumulators and checking: Rates are subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 10/1/2021. 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.

Traditional Savings Account Rates
Effective Date: 10/1/2021
Required Opening DepositMinimum Balance to Earn DividendsDividend Rate/APY (Interest Rate)
$5 $100.00 0.05%
Regular savings, money markets, accumulators and checking: Rates are subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 10/1/2021. 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.

Special Purpose Savings Account
Effective Date: 10/1/2021
TypeMinimum Balance to Earn DividendsDividend Rate/APY (Interest Rate)
Christmas Club $100.00 0.10%
All Other Club Accounts $100.00 0.05%
Regular savings, money markets, accumulators and checking: Rates are subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 10/1/2021. 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.

Health Savings Account
Effective Date: 10/1/2021
BalanceTiered Dividend Rate/APY (Interest Rate)
Below $100 0.00%
$100.00 - $2,499.99 0.05%
$2,500.01 - $10,000.00 0.08%
$10,000.01 and up 0.10%
Regular savings, money markets, accumulators and checking: Rates are subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 10/1/2021. 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.

Accumulator Savings Account
Effective Date: 10/1/2021
Accumulator TypeMinimum Balance to OpenMinimum Balance to Earn DividendsDividend Rate/APY (Interest Rate)
Certificate Savings Club N/A $100.00 0.05%
IRA Savings $100.00 $100.00 0.05%
Regular savings, money markets, accumulators and checking: Rates are subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 10/1/2021. 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.

Youth Account Rates
Effective Date: 10/1/2021
TypeRequired Opening DepositMinimum Balance to Earn DividendsDividend Rate/APY (Interest Rate)
Cash Cow Savings Account N/A N/A 0.05%
Regular savings, money markets, accumulators and checking: Rates are subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 10/1/2021. 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.

Money Market Rates
Effective Date: 10/1/2021
BalanceDividend Rate/APY (Interest Rate)
Below $2,000.00 0.00%
$2,000.00 - $19,999.99 0.05%
$20,000.00 - $74,999.99 0.08%
$75,000.00 and up 0.10%
Regular savings, money markets, accumulators and checking: Rates are subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 10/1/2021. 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.

Certificate Rates
Effective Date: 10/1/2021
TypeTermMinimum Balance to Earn DividendsDividend Rate/APY (Interest Rate)
Standard Certificates 6 Month $1,000.00 0.10%
  9 Month $1,000.00 0.10%
  12 Month $1,000.00 0.15%
  18 Month $1,000.00 0.15%
  24 Month $1,000.00 0.20%
  30 Month $1,000.00 0.20%
  36 Month $1,000.00 0.25%
  48 Month $1,000.00 0.30%
  60 Month $1,000.00 0.45%
IRA Certificates 12 Month $1,000.00 0.15%
  18 Month $1,000.00 0.15%
  24 Month $1,000.00 0.20%
  30 Month $1,000.00 0.20%
  36 Month $1,000.00 0.25%
  48 Month $1,000.00 0.30%
  60 Month $1,000.00 0.45%
Youth Certificate 3 Month $500.00 0.05%
Education IRA Certificate Same as standard certificates $500.00 Standard rate + 0.25%*
Bump-Up Certificate 37 Month $1,000.00 0.15%**
Bump-Up Certificate 57 Month $1,000.00 0.25%**

*Education IRA Certificates receive a 0.25% APY increase over non-special rates for first time deposits.

Certificates: Rates are 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 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.

Business Interest Checking
Effective Date: 10/1/2021
NameRequired Opening DepositMinimum Balance to Earn DividendsDividend Rate/APY (Interest Rate)
Business Interest Checking $50 $1,500.00 0.05%
Regular savings, money markets, accumulators and checking: Rates are subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 4/1/2021. 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.