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Rate-Lock Money Market
- Federally insured
- Fully liquid
- Rate guaranteed through June 30th, 2025
- No monthly fees
Apply via your existing account
Apply nowNew to Direct?
Start your application hereSave and Earn with Flexibility
- Federally Insured: Your deposits are federally insured by the NCUA, offering unmatched security.
- Well-Capitalized Institution: Secure your money in a strong credit union dedicated to member safety and soundness.
- Established since 1953: Trust in our decades-long commitment to financial excellence.
Key Features
No Deposit Limit
No Maturity Date
Easy Access to Funds
24/7 Online Access
No Monthly Fees
Money Market
Account Type
Annual Percentage Yield (APY) is 4.00%. APY is guaranteed through June 30, 2025. The Rate-Lock Money Market APY and Dividend Rate are in effect as of 01/01/2025. This offer may be discontinued by the Credit Union at any time. The minimum deposit to open a Rate-Lock 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-Lock 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. Fees may reduce earnings. New money only. Federally insured by the NCUA.
Services
Digital Banking
Apply via your existing account
Apply nowNew to Direct?
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CD Share Certificates
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Glossary
The National Credit Union Share Insurance Fund was created by Congress in 1970 to insure members' deposits in federally insured credit unions. Each credit union member has at least $250,000 in total coverage. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000.
Additionally, a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund also separately protects members’ IRA and KEOGH retirement accounts up to $250,000 and provides additional coverage for members’ trust accounts.
The Share Insurance Fund has the backing of the full faith and credit of the United States. Credit Union members have never lost even a penny of insured savings at a federally insured credit union.
Direct Federal is a not-for-profit, meaning that earnings are invested right back into the credit union. And that means Direct Federal can offer lower loan rates and higher deposit rates that you simply won't see anywhere else.
Credit unions are among the most well-capitalized financial institutions, maintaining equity reserves and investments that prioritize needed safety and soundness for their members.
Direct Federal is no exception to this. Our conservative balance sheet management and strong capital position makes us significantly different from financial institutions in the news.
Frequently Asked Questions
If you are an existing member, the easiest way to check the status of an application is through the Application Center within Digital Banking.
If you are not a member, please visit our Application Status Center.
Money Market dividends are are compounded monthly, and posted monthly.
We are federally Insured by the NCUA. The National Credit Union Share Insurance Fund was created by Congress in 1970 to insure members' deposits in federally insured credit unions. Each credit union member has at least $250,000 in total coverage in individual accounts.
The Share Insurance Fund also separately protects members’ IRA accounts up to $250,000 and provides additional coverage for members’ trust accounts.
The Share Insurance Fund has the backing of the full faith and credit of the United States. Credit union members have never lost even a penny of insured savings at a federally insured credit union.
Dividends start to accrue on the date the account is funded.
