COVID-19 – Most branch lobbies have re-opened with standard hours while reserving the first hour of each day for senior citizens and at-risk members.  Learn More

Close mobile menu
Online Banking Login
mastercard logo MasterCard Login
Interior Hero Desktop Test
Interior Hero Mobile Test

Deposit Rates

Home > Rates > Deposit Rates

caption curve

Deposit Rates

Deposit Rates

Checking Account Rates
Account TypeRequired Opening DepositMinimum Balance to Earn DividendsDividend Rate (APY)
eInterest Plus Checking $50 $0.00 0.05%
50+ Interest Checking $50 $0.00 0.05%
Premier Interest Checking $50 $0.00 0.05%
    $1,500.00 0.15%

Traditional Savings Account Rates
Required Opening DepositMinimum Balance to Earn DividendsDividend Rate (APY)
$25 $100.00 0.10%

Special Purpose Savings Account
TypeMinimum Balance to Earn DividendsDividend Rate (APY)
Christmas Club $100.00 0.15%
All Other Club Accounts $100.00 0.10%

Health Savings Account
BalanceTiered Dividend Rate (APY)
Below $100 0.00%
$100.00 - $2,499.99 0.10%
$2,500.01 - $10,000.00 0.12%
$10,000.01 and up 0.15%

Accumulator Savings Account
Accumulator TypeMinimum Balance to OpenMinimum Balance to Earn DividendsDividend Rate (APY)
Certificate Savings Club N/A $100.00 0.10%
IRA Savings $100.00 $100.00 0.10%

Youth Account Rates
TypeRequired Opening DepositMinimum Balance to Earn DividendsDividend Rate (APY)
Cash Cow Savings Account N/A N/A 0.10%

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.

Certificate Rates
TypeTermMinimum Balance to Earn DividendsDividend Rate (APY)
Standard Certificates 6 Month $1,000.00 0.15%
  9 Month $1,000.00 0.15%
  12 Month $1,000.00 0.18%
  18 Month $1,000.00 0.18%
  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 0.18%
  18 Month $1,000.00 0.18%
  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 0.08%
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 accurate as of 10/1/2020 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 10/1/2020 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.

Business Interest Checking
NameRequired Opening DepositMinimum Balance to Earn DividendsDividend Rate (APY)
Business Interest Checking $50 $1,500.00 0.05%