money market
spectrum money market
Enjoy high returns and easy access while your savings grow effortlessly
Unlock More with Spectrum Money Market
Maximize your savings with Spectrum Money Market
Looking for a way to grow your savings while keeping access to your funds? First Federal’s Spectrum Money Market Account offers competitive rates, easy access, and no monthly service fees—so you can watch your savings grow without limitations.
- Earn Up to 0.80% APY*
With our tiered rates, your savings grow the more you deposit. - No Monthly Service Charge
Enjoy hassle-free banking with no monthly fees to worry about. - Unlimited Nationwide ATM Rebates
Get rebated for ATM fees anywhere in the U.S., anytime. - Limited Check-Writing Privileges & Debit Card Access
Manage your funds easily with check-writing and a complimentary debit card. - 24/7 Digital Access
Bank on your schedule with online and mobile banking tools. - FDIC-Insured Peace of Mind
Your deposits are FDIC-insured up to the maximum allowable limit. - Use as Overdraft Protection
Link to your checking account for added overdraft security.
Spectrum Money Market Rate Tiers
| Balance Tier | Annual Percentage Yield (APY*) |
| $2,500 – $24,999.99 | 0.25% APY |
| $25,000 – $49,999.99 | 0.40% APY |
| $50,000 – $99,999.99 | 0.45% APY |
| $100,000 – $249,999.99 | 0.48% APY |
| $250,000 – $499,999.99 | 0.55% APY |
| $500,000+ | 0.80% APY |
The more you save, the higher the rate—helping your money work harder for you!
Open Your Account Your Way
Open online in minutes or visit a branch for personal assistance
Unlock the potential of your savings with competitive APYs, no monthly service fees, and 24/7 access.
*Spectrum Money Market is subject to a tiered variable rate. We pay interest on the daily balance in your account. Annual Percentage Yield is accurate as of 6/12/2024. Rates may change. Fees could reduce earnings. Other fees, such as NSF, overdraft fees, etc. may apply, see schedule of fees . First Federal does not charge fees to download or use the First Federal Mobile Banking App; however, your mobile carrier may charge for data and text message usage. Check with your carrier for more information. Offer good on personal accounts only; business and corporate accounts do not qualify for these plans. Bank rule and regulations apply. Ask us for details.
Flexible Savings with High Returns
great rates, easy access, and freedom to grow your savings
Whether you’re building an emergency fund, saving for a future goal, or just want your savings to keep working for you, the Spectrum Money Market Account offers flexibility, access, and high returns.
- Minimum Opening Deposit: $1,000
Minimum Balance to earn the APY: $2,500
Open your account today and start earning immediately. - Unlimited Deposits
Grow your savings effortlessly with no restrictions on deposits.
Click below to open an account, or visit one of our branches.
