Facebook Federally insured savings Boston, MA | CD’s | IRA’s | Money markets

Rate Riser Money Market Account

1.50%
APY*
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 -- Federally-insured with a fixed-interest rate that’s guaranteed to grow your money over the entire term of the certificate. 

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

NEW Rate Riser Money Market Account – High-interest savings with six free check withdrawals per month. Designed with today's rising interest rate market in mind, the Rate Riser account is guaranteed to rise 0.25% on July 1, 2018; October 1, 2018; and January 1, 2019. 

 

Individual Retirement Accounts – Roll over your IRA with a risk-free savings strategy that will help you prepare for the long-term. 


 

Rates

RATES

Rates

  • CERTIFICATES
  • SAVINGS
  • RATE RISER
3-Month RATE / APY*  
CD 0.25% / 0.25%
Jumbo 0.30% / 0.30%
6-Month RATE / APY*  
CD 0.25% / 0.25%
Jumbo 0.30% / 0.30%
8-MONTH RATE / APY*
CD 1.34% /1.35%
JUMBO 1.39% / 1.40%
9-month RATE / APY*
CD 0.35% / 0.35%
Jumbo 0.40% / 0.40%
11-MONTH RATE/APY*
CD 1.98% / 2.00%
Jumbo 2.03% / 2.05%
12-Month RATE / APY*
CD 0.50% / 0.50%
Jumbo 0.55% / 0.55%
15-Month RATE / APY*
CD 2.23% / 2.25%
Jumbo 2.28% / 2.30%
18-Month RATE / APY*
CD 1.59% / 1.60%
Jumbo 1.64% / 1.65%
21-MONTH RATE / APY*
CD 2.47% / 2.50%
Jumbo 2.52% / 2.55%
24-Month RATE / APY*
CD 0.75% / 0.75%
Jumbo 0.80% / 0.80%
30-Month RATE / APY*
CD 1.59% / 1.60%
Jumbo 1.64% / 1.65%
36-Month RATE / APY*
CD 1.54% / 1.55%
Jumbo 1.59% / 1.60%
48-Month RATE / APY*
CD 1.59% / 1.60%
Jumbo 1.64% / 1.65%
60-Month RATE / APY*
CD 1.74% / 1.75%
Jumbo 1.79% / 1.80%
TERM CD RATE CD APY* JUMBO RATE JUMBO APY*  
3-Month 0.25% 0.25% 0.30% 0.30% Apply Now
6-Month 0.25% 0.25% 0.30% 0.30% Apply Now
7-Month 0.25% 0.25% 0.30% 0.30% Apply Now
8-Month 1.34% 1.35% 1.39% 1.40% Apply Now
9-Month 0.35% 0.35% 0.40% 0.40% Apply Now

11-Month

1.98% 2.00% 2.03% 2.05% Apply Now
12-Month 0.50% 0.50% 0.55% 0.55% Apply Now
15-Month 1.34% 1.35% 1.39% 1.40% Apply Now
18-Month 2.23% 2.25% 2.28% 2.30% Apply Now
21-Month 2.47% 2.50% 2.52% 2.55% Apply Now
24-Month 0.75% 0.75% 0.80% 0.80% Apply Now
30-Month 1.59% 1.60% 1.64% 1.65% Apply Now
36-Month 1.54% 1.55% 1.59% 1.60% Apply Now
48-Month 1.59% 1.60% 1.64% 1.65% Apply Now
60-Month 1.74% 1.75% 1.79% 1.80% Apply Now
All balances
APY** 0.30%
ALL BALANCES  
APY** 0.30% Apply Now

**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*** 1.50%
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 1.50% Apply Now  
Tier 2 - Rate Riser Money Market $0 - $24,999.99 0.00% Apply Now  

***The Annual Percentage Yield (APY) disclosed for the Rate Riser Account is based on the APY and Dividend Rate in effect 3/31/2018 and guaranteed 0.25% rate increases on 7/1/2018, 10/1/2018, and 1/1/2019. After 3/31/2019, the Dividend Rate and APY may change monthly at the discretion of the Credit Union. 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. The Credit Union reserves the right to limit deposits made after 6/30/2018 to this account.

CALCULATORS

Calculators

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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.

  • 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 an account now.

 

rate riser Money Market Account:

High interest, easy-access savings with six free withdrawals per month by check. Earn a market-leading rate that is tied to the Prime Rate and is guaranteed to rise throughout 2018.

  • •Rate starts at 1.50% APY and will rise 0.25% on July 1, 2018, October 1, 2018, and January 1, 2019.
  • $25,000 Minimum to open
  • Avoids the stress of the stock market while still earning you an above average interest rate

(see rate table for disclosures)

 

Limited time offer! Open an account now.

 

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 an account now.

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

 

Open an account now.

*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? Simply call us at 781.455.6500 and then complete your application online.

 

We strive to provide our members great rates, easy access and remarkable service. If you have any feedback on how we could improve in these areas, please let us know.

 

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