Money Market Accounts
Money Market Accounts
If you’re looking for a higher rate account to store a lump sum of money, but aren’t sure you want to lock it away for several months or years, a Money Market Account is a good choice for you. At OE Federal, you’ll receive a higher dividend rate than your typical savings account but still have access to your money whenever you need.
- $1,000 Minimum Deposit
- Earns More Than a Savings
- Up to 6 Free Withdrawals Per Month
- Great for an Emergency Fund
- Earns Compound Interest Monthly
- No Monthly Fee
Money Market
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT TYPE | STANDARD ACCOUNTS (APY) | MINIMUM TO EARN DIVIDEND | COMPOUNDING PERIOD |
| Money Market | 0.60% | $1,000 | Monthly |
| 0.65% | $10,000 | Monthly | |
| 0.65% | $25,000 | Monthly | |
| 0.70% | $50,000 | Monthly | |
| 0.75% | $100,000 | Monthly | |
| 0.80% | $250,000 | Monthly |
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of September 11, 2024.
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Learn MoreMoney Market
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT TYPE | STANDARD ACCOUNTS (APY) | MINIMUM TO EARN DIVIDEND | COMPOUNDING PERIOD |
| Money Market | 0.60% | $1,000 | Monthly |
| 0.65% | $10,000 | Monthly | |
| 0.65% | $25,000 | Monthly | |
| 0.70% | $50,000 | Monthly | |
| 0.75% | $100,000 | Monthly | |
| 0.80% | $250,000 | Monthly |
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of September 11, 2024.
Checking & Money Market Accounts Fees
| Returned Deposit Item | $25.00 |
| Non-Sufficient Funds | $25.00 |
| Courtesy Pay Overdraft | $20.00-$25.00 1 |
| Stop Payment | $20.00 |
| Check Copy in excess of 2 per month | $3.00 |
| Overdraft Protection Transfer | $3.00 |
| Check Printing (minimum) | $12.00 |
| Cleared Money Market Check in excess of 6 per month | $15.00 |
1 One-time debit card and ATM transactions between $0.01 and $100 incur a $20 per paid item fee. One-time debit card and ATM transactions exceeding $100 incur a $25 per paid item fee.
View Full Fee Schedule Here
Frequently Asked Questions
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Are there transaction limits on a Money Market?
Yes, you may make 6 free transactions per month. A fee of $15 will apply to each transaction after.
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Can I use a Money Market Account for overdraft protection?
Yes, but any Overdraft Protection transfers count towards your 6 free monthly withdrawals.
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Does a Money Market have time limits or terms?
No, you can keep your Money Market Account open for as little or as long as you’d like.
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Can I overdraw a Money Market account?
Yes, it is possible to overdraw your Money Market Account; however, you can set up services like Overdraft Protection and Courtesy Pay to prevent this.
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What does “Compound Interest” mean?
Compound Interest allows you to earn interest not only on the amount you deposited, but on the total amount you have in your account – that includes the interest you earned months prior.
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Can I add money to a Money Market after opening?
Yes, you may add additional funds to your Money Market Account at any time.
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What is the maximum amount I can have in a Money Market Account?
There is no maximum amount.
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Can I pay my OE Federal loan with a Money Market Account?
Yes, you can use your Money Market Account to pay on your OE Federal loan. However, this will count towards your 6 free transactions per month.