Savings
Money Market Account - Save Smart
Direct Federal's Money Market Account earns you a higher rate than top banks and mutual funds. And, it still allows easy access to your money when you need it! And, because your account is federally insured, your balances are protected up to $100,000.
Our Money Market Account not only maximizes your interest rate, it maximizes your flexibility and protection. You’ll also enjoy the benefits of free withdrawals by check and no monthly service fees.
A three-tiered pricing system for this account means the more you save, the more you earn. You can open an account with as little as $500. Total deposits into a Direct Federal Money Market Account are limited to $2,500,000.
The three tiers and corresponding Annual Percentage Yields are:
Effective May 1, 2008
| Tier | Balance | Annual Percentage Yield (APY) |
|---|---|---|
| Tier 1 | $75,000 and more | 2.50% |
| Tier 2 | $25,000 - $74,999 | 2.00% |
| Tier 3 | up to $24,999 | 1.50% |
Interest will be computed on your accounts based on the balance at the end of each day and the rate in effect that day. If you have any questions, please contact a Service Associate at 781.455.6500.
Open a Money Market Account today and start saving for tomorrow now.
