Money Market Account
Receive 1.48% APY for the first 12 months on a new personal or business Money Market Account.
*The promotional Annual Percentage Yield (APY=1.48%) is accurate as of 2/16/2018. Minimum balance to open and earn the promotional APY is $1,000. Deposit limited to $1,000,000 per household. Only one promotional rate allowed over the life of the account. The promotional APY is locked for 365 days. After 365 days, the variable interest rate is subject to change and will be determined by the interest rate being offered on the Select Money Market Account. These interest rates are subject to change without notice. The Select Money Market account tiered interest rates in effect as of 2/16/2018 are as follows: .01-$9,999.99 the APY is 0.05%; $10,000-$24,999.99 the APY is 0.15%; $25,000-$49,999.99 the APY is 0.25%; $50,000-$99,999.99 the APY is 0.35%; $100,000 or more the APY is 0.45%. If the account is closed before the 365 days, a $50 fee may be assessed. During the first 365 days, the minimum average daily balance required to avoid a $10 monthly service fee is $1,000. After 365 days, the minimum average daily balance is $10,000 to avoid the $10 monthly service fee. No more than a total of 6 pre-authorized telephone, ACH, check, POS or Internet transactions may be made from this account per month. Fees could reduce earnings on this account. The promotional APY is valid only for new money not currently on deposit with First Federal Lakewood (FFL) and customer must currently have or open a new FFL checking account. Other restrictions may apply. Contact a branch representative for full details. Offer expires May 31, 2018.