Facebook Local CD Rates| Deposit Rates | Money Market | Certificates of Deposit

Rate Riser Money Market Account

1.75%
APY*

 

 

No risk. High yield. Federally-backed savings with outstanding local service

OVERVIEW

So many ways to save – with secure protection that we’re banking on

No risk. High yield. Federally-backed savings with outstanding local service. With Direct Federal, it’s safe to say that all of your savings options are well, safe. (See, we believe that a savings account should earn money, not cost money.) So whether it’s a high-interest certificate, retirement fund or rate rising money market account, you can enjoy competitive rates and a great return. Now all that’s left is choosing the account that’s perfect for you.

 

Share Certificates 
Comparable to CDs or Certificates of Deposit. They are federally-insured with a fixed-interest rate that’s guaranteed to grow your money over the entire term of the certificate. Banks have CDs/ Certificates of Deposit while Credit Unions have Share Certificates. 
Open a Share Certificate now.

 

Savings Accounts  
Federally-backed savings with no fees and anytime/anywhere access through free web banking service. 
Open a Savings account now.

 

Rate Riser Money Market Account 
High-interest savings with six free check withdrawals per month. The Rate Riser account is currently 1.75% APY. 
Open a Rate Riser Money Market account now.

 

Individual Retirement Accounts  
Roll over your IRA with a risk-free savings strategy that will help you prepare for the long-term.
Call us today to open an account.

 

CURRENT SPECIAL CD RATES MA

 

7-Month | 1.85% APY
Jumbo | 1.90 APY%

11-Month | 1.90% APY
Jumbo | 1.95% APY

Rates

RATES

Rates

  • CERTIFICATES
  • SAVINGS
  • RATE RISER

3-Month
RATE / APY*  
CD 0.25% / 0.25%
Jumbo 0.30% / 0.30%
7-Month RATE / APY*  
CD 1.83% / 1.85%
Jumbo 1.88% / 1.90%
8-MONTH RATE / APY*
CD 0.50% / 0.50%
JUMBO 0.55% / 0.55%
9-month RATE / APY*
CD 0.50% / 0.50%
Jumbo 0.55% / 0.55%
11-MONTH RATE/APY*
CD 1.88% / 1.90%
Jumbo 1.93% / 1.95%
12-Month RATE / APY*
CD 1.34% / 1.35%
Jumbo 1.39% / 1.40%
15-Month RATE / APY*
CD 1.54% / 1.55%
Jumbo 1.59% / 1.60%
18-Month RATE / APY*
CD 1.56% / 1.60%
Jumbo 1.64% / 1.65%
21-MONTH RATE / APY*
CD 1.69% / 1.70%
Jumbo 1.74% / 1.75%
24-Month RATE / APY*
CD 1.69% / 1.70%
Jumbo 1.74% / 1.75%
30-Month RATE / APY*
CD 1.69% / 1.70%
Jumbo 1.74% / 1.75%
36-Month RATE / APY*
CD 1.74% / 1.75%
Jumbo 1.79% / 1.80%
48-Month RATE / APY*
CD 1.78% / 1.80%
Jumbo 1.83% / 1.85%
60-Month RATE / APY*
CD 1.83% / 1.85%
Jumbo 1.88% / 1.90%
TERM CD RATE CD APY* JUMBO RATE JUMBO APY*  
3-Month 0.25% 0.25% 0.30% 0.30% Open a cd 
6-Month 0.25% 0.25% 0.30% 0.30% open a cd
7-Month 1.83% 1.85% 1.88% 1.89% open a cd
8-Month 0.50% 0.50% 0.55% 0.55% open a cd 
9-Month 0.50% 0.50% 0.55% 0.55% open a cd

11-Month

1.88% 1.90% 1.93% 1.95% open a cd 
12-Month 1.34% 1.35% 1.39% 1.40% open a cd
15-Month 1.54% 1.55% 1.59% 1.60% open a cd 
18-Month 1.56% 1.60% 1.64% 1.65% open a cd
21-Month 1.69% 1.70% 1.74% 1.75% open a cd 
24-Month 1.69% 1.70% 1.74% 1.75% open a cd 
30-Month 1.69% 1.70% 1.74% 1.75% open a cd 
36-Month 1.74% 1.75% 1.79% 1.80% open a cd 
48-Month 1.78% 1.80% 1.83% 1.85% open a cd 
60-Month 1.83% 1.85% 1.88% 1.90% open a cd

 

All balances
APY** 0.30%
ALL BALANCES  
APY** 0.30% open a savings account

**Annual Percentage Yield (APY). The minimum to open and earn APY is $5.00. The APY and dividend rates are effective as of 11/1/17 and may change at any time without notice. Fees could reduce earnings on these accounts. Transfers from statement savings accounts or money market accounts to another account or to third parties by preauthorized, automatic, telephone, facsimile, or computerized transfer are limited to six transfers per monthly statement cycle.

tIER 1 - Rate riser money market    
BALANCE $25,000 or more
APY*** 1.75%
TIER 2 - Rate riser money market    
BALANCE $0 - $24,999.99
APY*** 0.00%
TIER balance APY***  
Tier 1 - Rate Riser Money Market $25,000 and above 1.75% open a rate riser money market  
Tier 2 - Rate Riser Money Market $0 - $24,999.99 0.00% open a rate riser money market   

***Annual Percentage Yield (APY) is 1.75%. The Rate Riser APY and Dividend Rate are in effect as of 9/19/19. This offer may be discontinued by the Credit Union at any time. The minimum deposit to open a Rate Riser Money Market Account is $500 and there is a minimum daily balance of $25,000 to earn the stated APY. If the balance in the Rate Riser Money Market Account falls below $25,000 for any day during the month, no interest will be paid for that dividend period. The daily balance is the balance of your Account at the end of the day. New money only. Federally insured by the NCUA.

 

CALCULATORS

Calculators

What will it take to help reach your savings goals? This financial calculator helps you find out. Enter in your savings plan and view graphically your financial results. Click the report button to get more information about your plan, and what you can do to make sure that it is on track. .

Consistent investments over a number of years can be an effective strategy to accumulate wealth. Even small additions to your savings add up over time. This calculator demonstrates how to put this savings strategy to work for you.

Having adequate emergency savings can make unforeseen unemployment, auto repairs, medical emergencies, property damage and even legal issues more manageable. With adequate emergency savings, you can focus on how to best meet your family's needs, rather than worrying about finding the money to handle these difficult situations. This calculator helps you determine how much emergency savings you may need, and how you can begin saving toward this important goal.

LEARN MORE

Learn More

SHARE CERTIFICATES:

No matter which option you choose, your investment is federally insured with a fixed interest rate that’s guaranteed to grow your money over the entire term of the certificate. Share Certificates are comparable to CDs or Certificates of Deposit. Credit Unions have Share Certificates while banks have CDs/ Certificates of Deposit. Have additional questions about what a Share Certificate/Certificate of Deposit is? Click here to visit our DirectLife Financial Education portal.
Our benefits include:

  • No hidden fees
  • Open with as little as $250
  • Flexible terms ranging from three months to five years
  • Federally insured to at least $250,000, meaning your investment is backed by the full faith and credit of the U.S. Government


Open a Share Certificate

 

rate riser Money Market Account:

High interest, easy-access savings with six free withdrawals per month by check.

  • Rate starts at 1.75% APY 
  • $25,000 Minimum to open
  • Avoids the stress of the stock market while still earning you an above average interest rate


Open a Rate Riser account
 

Savings Accounts:

Federally-insured savings with no fees and anytime/anywhere access through free web banking service.

  • Open with as little as $5
  • Three savings tiers
  • Free banking service online and at SUM ATMs
  • Federally insured to at least $250,000, meaning your investment is backed by the full faith and credit of the U.S. Government
     

Open a Savings account
 

Individual Retirement Accounts (IRAs):

Roll over your IRA with a risk-free savings strategy designed to help you save for the long-term. Whether you’re changing jobs or about to retire, Direct Federal will offer personal assistance to help you roll over your IRA into one of the following:

  • Money Market Account - minimum deposit of $500; perfect if you would like to make scheduled automatic deposits to your IRA with every direct deposit
  • 24-Month Variable-Rate CD – minimum deposit of $50; perfect if you would like to make monthly contributions to your IRA
  • Fixed-Rate CD - minimum deposit of $250; perfect if you prefer to make your annual IRA contribution all at one time
     

*All IRA accounts federally insured to at least $250,000, meaning your investment is backed by the full faith and credit of the U.S. Government. Ready to roll? Visit our branch in Needham to open an IRA.

 

What is a Share Certificate/Certificate of Deposit/CD?

Say you’re setting aside money every month and looking at options for earning interest on those savings. A typical savings account might be the most obvious option, but certificates of deposit, or CDs, are a type of savings account you may not be familiar with. However, CDs are considered to be one of the safest options for saving money and are likely to have higher interest rates than your regular savings account. In short, they’re worth considering. (Credit Unions have Share Certificates while Banks call them Certificates of Deposit)

The U.S. Securities and Exchange Commission (SEC) defines a CD as a saving account that holds a fixed amount of money for a fixed period of time. This time period can range from six months to five years or more. When you redeem your CD, you will receive your initial investment plus any interest earned during the fixed period. 

One benefit of CDs is that there are multiple types available that can be tailored depending on your financial goals and needs. Some even roll into a new account when they mature, allowing you to continue earning interest without revisiting your credit union.