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Money Market

Enjoy the convenience of a traditional savings account while earning a higher dividend rate.

  • Make up to three withdrawals a month; transactions exceeding the monthly limit are subject to a $15 fee per transaction
  • The more you save, the more you earn; rates increase as your account balance rises
  • Dividends are compounded daily and paid monthly

To start a Money Market savings account, please email fedecu@fedins.com, give us a call at 507-455-5430, or stop by one of our offices located in the Owatonna Federated Insurance buildings for personalized service.

Money Market Rates

Money Market Dividend Rate APY
$2,499.99 or less 1.25% 1.25%
$2,500 - $9,999.99 2.00% 2.01%
$10,000 - $24,999.99 2.50% 2.52%
$25,000 - $49,999.99 2.90% 2.93%
$50,000 - $74,999.99 3.15% 3.19%
$75,000 or more 3.50% 3.55%

Dividends are compounded and paid monthly. You can with draw 3 times per month, minimum of $500 and there is a $15 fee for each additional withdrawal.
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Calculators