What are the interest rate ranges on the money market account for America First?

America First money market offers an APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

What is the current rate for money markets?

The average rate is currently around 3.00% APY. However, rates can vary depending on your bank or financial institution. Some banks may offer rates as high as 4.10% APY.

Do credit unions offer money market accounts?

A money market account is a special type of account offered by banks and credit unions.

America first credit union money market rates

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5 min read Published December 02, 2022

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Written by

Matthew Goldberg

Written by Matthew GoldbergArrow RightConsumer banking reporter

Matthew Goldberg is a consumer banking reporter at Bankrate. Matthew has been in financial services for more than a decade, in banking and insurance.

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Edited by

Nell McPherson

Edited by Nell McPhersonArrow RightBanking editor

Nell McPherson is the banking editor at Bankrate, where she leads a team of reporters dedicated to helping readers make the best decisions about their savings and checking accounts, CDs and money market accounts.

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Reviewed by

Kenneth Chavis IV

Reviewed by Kenneth Chavis IVArrow RightSenior wealth manager, LourdMurray

Kenneth Chavis IV is a senior wealth manager who provides comprehensive financial planning, investment management and tax planning services to business owners, equity compensated executives, engineers, medical doctors and entertainers.

Our Money Market Account allows you to earn more on your money than a traditional savings account, all while having access to your funds anytime. Plus, as your savings grow, you earn additional dividends.

Rates & Terms

DepositAPYAPY is Annual Percentage Yield. Rates and terms are effective as of 11/03/2022. $2,500 minimum balance is required. Otherwise, a $15 monthly fee is assessed. Fees may reduce earnings. Offer subject to change. Certain exclusions may apply.Less than $1,0000.01%$1,000.00 – $4,999.991.35%$5,000.00 – $9,999.991.45%$10,000.00 – $24,999.991.60%$25,000.00 – $49,999.991.65%$50,000.00 – $99,999.991.70%$100,000.00 – $249,999.991.75%$250,000.00 – $499,999.991.85%$500,000.00 – $999,999.991.95%$1,000,000.00+2.00%

Save More. Earn More.

A smart way to save, all while keeping easy access to your money. As your savings grow, you earn additional dividends.

Features & Benefits

illustration of woman with coins increasing

Tiered Rates

With tiered rates, the more you save, the more you earn.

illustration of hand holding coin

Steady Growth

Your earnings are not affected by changes in the stock market.

illustration of people holding money

Easy Cash Access

Easily withdraw or deposit money from your account anytime.APY is Annual Percentage Yield. Rates and terms are effective as of 11/03/2022. $2,500 minimum balance is required. Otherwise, a $15 monthly fee is assessed. Fees may reduce earnings. Offer subject to change. Certain exclusions may apply.

Consumer Lending Rates, stated as Annual Percentage Rates (APR). Your rate will depend on final underwriting, which includes creditworthiness, as well as the age and equity position of the collateral.

To qualify for 84 months vehicle value must exceed $25,000.

2017, 2018, 2019 Vehicles

APR*TermPayment per $1,000 borrowedas low as 3.60%48 Months$22.40Apply Nowas low as 3.70%63 Months$17.49Apply Nowas low as 4.75%75 Months$15.44Apply Now

Rate Disclosures

2014, 2015, 2016 Vehicles

APR*TermPayment per $1000 borrowedas low as 5.20%48 Months$23.12Apply Nowas low as 5.45%66 Months$17.57Apply Now

Rate Disclosures

Boats

New Boats

APR*TermPayment per $1,000 borrowedas low as 3.40%48 Months$22.31Apply Nowas low as 4.15%63 Months$17.69Apply Nowas low as 4.45%75 Months$15.30Apply Nowas low as 4.70%84 Months$13.99Apply Nowas low as 5.25%144 Months$9.37Apply Nowas low as 5.30%180 Months$8.07Apply Now

Rate Disclosures

To qualify for 75 months, unit must be new and cost more than $10,000
To qualify for 84 months, unit must be new and cost more than $20,000
To qualify for 120 months, unit must be new and cost more than $25,000

2014-2022 Boats

APR*TermPayment per $1,000 borrowedas low as 5.30%66 Months$17.50Apply Nowas low as 5.60%120 Months$10.90Apply Now

Rate Disclosures

Motor Homes, RV, & Travel Trailers

New Motor Homes, RV, & Travel Trailers

Rate Disclosures

To qualify for 75 months, unit must be new and value is greater than $10,000
To qualify for 84 months, unit must be new and value is greater than $20,000
To qualify for 144 months, unit must be new and value is greater than $25,000
To qualify for 180 months, unit must be new and value is greater than $50,000

2014-2022 Motor Homes, RV, & Travel Trailers

APR*TermPayment per $1,000 borrowedas low as 5.30%66 Months$17.50Apply Nowas low as 5.60%120 Months$10.90Apply Now

Rate Disclosures

Motorcycles & Other Powersports

New Motorcycles & Other Powersports

APR*TermPayment per $1,000 borrowedas low as 5.65%48 Months$23.32Apply Nowas low as 6.50%63 Months$18.78Apply Nowas low as 6.95%75 Months$16.48Apply Nowas low as 7.75%84 Months$15.46Apply Now

Rate Disclosures

To qualify for 75 months, vehicle must cost more than $10,000.
To qualify for 84 months, vehicle must cost more than $20,000.

Used Motorcycles & Other Powersports

APR*TermPayment per $1,000 borrowedas low as 8.15%66 Months$18.85Apply Now

Rate Disclosures

Tractors & Lawn Mowers

New Tractors & Lawn Mowers

APR*TermPayment per $1,000 borrowedas low as 6.50%63 Months$18.78Apply Now

Rate Disclosures

Used Tractors & Lawn Mowers

APR*TermPayment per $1,000 borrowedas low as 8.15%66 Months$18.85Apply Now

Rate Disclosures

Share Certificates/Share Secured Loans

APR*For Amounts Fromas low as 4.00%0 - $2,000as low as 3.00%$2,001 - $5,000as low as 2.00%$5,001 and up

Rate Disclosures

Consumer Lending Rates, stated as Annual Percentage Rates (APR). Loan rate is determined by adding the percentage rate listed to your current certificate / share rate.

Personal Loans

APR*as low as 10.80%Apply Now

Rate Disclosures

Consumer Lending Rates, stated as Annual Percentage Rates (APR). Your rate will depend on final underwriting, which includes creditworthiness.

Home Rates

Mortgage Loans
Rates Effective as of: 12-17-2022
Mortgage Loans
APR* as low asRATE as low asDESCRIPTION9.969%5.500%5/1 Adjustable Rate**Apply Now5.816%5.500%15 Yr Fixed Rate In-House**Apply Now6.574%6.375%30 Yr Fixed Rate In-House**Apply Now6.828%6.625%30 Yr Fixed Rate First Time Homebuyer up to 100% LTV***Apply Now7.776%7.500%30 Yr Fixed Sec MktApply Now*APR=Annual Percentage Rate**Up to 90% LTV ***100% LTV subject to loan limits.
Rate Disclosures
*APR=Annual Percentage Rate
** Up to 90% LTV - These rate offers are subject to change. Rates displayed are the "as low as" rates for purchase loans and refinances. Rates are based on creditworthiness, loan-to-value (LTV), occupancy and loan purpose, so your rate and terms may differ. All loans subject to credit approval. Rates quoted require a loan origination fee of 1.00%. This is not an offer of credit and is subject to the terms and conditions of America’s First Federal Credit Union, not all borrowers will qualify, subject to approval and underwriting standards, restrictions may apply.
A 5/1 adjustable-rate loan of $100,000 for 30 years at 5.500% interest and 9.969% APR will have an initial monthly payment of $567.79 and a maximum monthly payment of $933.35.
A fixed-rate loan of $100,000 for 15 years at 5.500% interest and 5.816% APR will have a monthly payment of $817.08.
A fixed-rate loan of $100,000 for 30 years at 6.375% interest and 6.574% APR will have a monthly payment of $623.87.
A fixed-rate loan of $100,000 for 30 years at 6.625% interest and 6.828% APR will have a monthly payment of $640.31.
A fixed-rate loan of $100,000 for 30 years at 7.500% interest and 7.776% APR will have a monthly payment of $699.21.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
***Up to 100% financing with no PMI, Maximum loan amount up to $300,000, Home-buyer's education class required
The interest rate, Annual Percentage Rate (APR) and origination fees are subject to change without notice and will depend on creditworthiness and loan-to-value ratio. This program is available to consumer members only and the subject property must be a member’s intended primary residence. Members must meet underwriting criteria and are subject to approval and verification of income, credit and availability of funds for closing costs. Escrow of property insurance and property taxes is required. Applicants must complete home-buyer’s education class prior to closing. Program may be discontinued at any time.
Home Equity
Home Equity
APR*DESCRIPTION & DISCLOSURESas low as 1.99%Home Equity Standard Intro RateApply Now
Rate Disclosures
Twelve months after closing, the interest rate will convert to a variable rate which is based on the Prime Lending Rate as published in The Wall Street Journal plus a margin of 0% to 2.50% based on your creditworthiness, which currently would be between 6.25% APR and 8.75% APR. Offer good only on new Home Equity Lines of Credit. AFFCU will maintain a security interest on the property securing the account. Closing costs are estimated between $300.00 and $1,250.00. Property insurance is required. Available equity is based upon the current assessed value of your property. The maximum rate that can apply is 18.00% APR. Maximum Loan-to-Value is 90%. Consult a tax advisor regarding the deductibility of interest. The annual non-usage fee is waived for any year in which there is an advance. Not available for Business Accounts. Limited to primary residences in the State of Alabama.
*APR=Annual Percentage Rate.
Rates subject to change.

Credit Card Rates

VISA Platinum Credit Card
VISA Platinum Credit Card
APR*as low as 7.80%Apply NowConsumer Lending Rates, stated as Annual Percentage Rates (APR).DisclosuresAgreement
Rate Disclosures
Consumer Lending Rates, stated as Annual Percentage Rates (APR).
VISA Platinum Plus Credit Card
VISA Platinum Plus Credit Card
APR*as low as 10.80%Apply NowConsumer Lending Rates, stated as Annual Percentage Rates (APR).DisclosuresAgreement
Rate Disclosures
Consumer Lending Rates, stated as Annual Percentage Rates (APR).
Secured VISA Credit Card
Secured VISA Credit Card
APR*14.80%Apply NowConsumer Lending Rates, stated as Annual Percentage Rates (APR).DisclosuresAgreement
Rate Disclosures
Consumer Lending Rates, stated as Annual Percentage Rates (APR).
VISA Platinum-Pro Credit Card
VISA Platinum-Pro Credit Card
APR*as low as 8.80%Apply NowConsumer Lending Rates, stated as Annual Percentage Rates (APR).DisclosuresAgreement
Rate Disclosures
Consumer Lending Rates, stated as Annual Percentage Rates (APR).
Indie VISA Credit Card
Indie VISA Credit Card
APR*14.80%Apply NowConsumer Lending Rates, stated as Annual Percentage Rates (APR).DisclosuresAgreement
Rate Disclosures
Consumer Lending Rates, stated as Annual Percentage Rates (APR).

Savings Rates

IRA & Share Certificates
IRA & Share Certificates
APY*Term0.30%3 month0.55%6 month0.55%9 month1.75%12 month3.50%18 month (Limited time)2.00%24 month2.00%30 month1.75%36 month**1.90%48 month**2.05%60 month**
Rate Disclosures
*Annual Percentage Yield
** Flex Rate: Deposit a minimum of $500 into an America’s First FlexRate Certificate and lock in one of the best rates around. If rates go up any time during the term of your certificate, just drop by your nearest America’s First branch and increase the rate on your certificate. (Limit one rate increase during the original term of the certificate.) A new certificate will be issued for the same term as the original certificate. Available to qualified members only. Member savings are federally insured up to $250,000 by the National Credit Union Administration, an agency of the federal government. Individual Retirement Accounts are federally insured up to an additional $250,000 by the National Credit Union Administration. Rates and terms are subject to change without notice. Substantial penalty for early withdrawal.
Rates are accurate as of today, and are subject to change weekly.
Dividends: We will pay this rate from the date of issue until the Original Maturity Date disclosed above. In the event that a Share Certificate renewed for any successive period(s), it will earn dividends at the prevailing rate then in effect. On accounts with maturities longer than one month, you will be notified in advance of the renewal, and we will tell you when the rate will be known for any subsequent renewal period. The annual percentage yield (APY) assumes that dividends remain in the account until maturity. A withdrawal of dividends will reduce your earnings. If you close this account before dividends are paid, you will receive the accrued dividends subject to the early withdrawal penalty.
Dividend Computation Method: Dividends are computed using the Daily Balance Method which applies a daily periodic rate to the balance in the account each day.
Accrual of Dividends: Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
Transaction Limitations: After the account is opened, you may not make deposits into the account until the maturity date stated above. During any calendar month you may not make more than six withdrawals from or transfers to another credit union account of yours or to a third party by means of a pre-authorized, automatic transfer, telephonic order or instruction, check, draft, debit card, or similar order to a third party. If you exceed these limitations the transaction may be denied, an item presented for payment will be returned and may be subject to a fee, or your account may be closed.
Subsequent Renewals: This account will automatically renew for successive periods equal to the original term beginning on each maturity date. You will have a grace period of 10 calendar days after maturity to withdraw funds without a penalty. If you do not wish to automatically renew this account, you must either notify us in writing before any maturity date, or within 10 days thereafter, or close this account at maturity or within 10 calendar days.
Early Withdrawal Penalty: If any account owner requests a full or partial withdrawal of principal prior to any maturity date, unless caused by the death or incapacity of an account owner, and we agree to allow the early withdrawal, you will be subject to a penalty equal to the lesser of all accrued dividends as calculated from the Issue Date, or 90 days dividends, 180 days dividends or 240 days dividends based upon the maturity schedule below.
Certificate Term: Early Withdrawal Penalty
3 months to 12 months: The lesser of 90 days dividends or all dividends accrued to date;
13 to 48 months: The lesser of 180 days dividends or all dividends accrued to date;
49 to 60 months: The lesser of 240 days dividends or all dividends accrued to date.
See the Plan disclosure if this account is part of an IRA or other tax qualified plan.
IRA Share Account
IRA Share Account
APY*1.25%IRA Share Account Prospective APYOnline account opening for our IRA Share Accounts is not available. Please visit your nearest branch location to open this type of account.
Rate Disclosures
*Annual Percentage Yield
Rates are accurate as of today, and are subject to change weekly.
Rate Information: The dividend rate and annual percentage yield may change every month as determined by the credit union board of directors. Compounding and Crediting: Dividends will be compounded every quarter. Dividends will be credited to your account every quarter. For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow the same pattern of dates. The dividend declaration period is the last day of the dividend period, and for this example would be March 31. If you close this account before dividends are credited to your account, you will not receive accrued dividends.
Member savings are federally insured up to $250,000 by the National Credit Union Administration, an agency of the federal government.
Minimum Balance Requirements: There is no minimum balance requirement for this account.
Balance Computation Method: Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the dividend period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
Transaction Limitations: Deposits to this account are limited to the eligible annual amount as established by the Internal Revenue Service and changed from time to time. Unqualified withdrawals are subject to penalties imposed by the Internal Revenue Service as outlined below. During any calendar month you may not make more than six withdrawals from or transfers to another credit union account of yours or to a third party by means of a pre-authorized, automatic transfer, telephonic order or instruction, check, draft, debit card, or similar order to a third party. If you exceed these limitations the transaction may be denied, an item presented for payment will be returned for repayment will be returned and may be subject to a fee, or your account may be closed.
Early Withdrawal Penalty: The credit union does not impose an early withdrawal penalty for this account. Any withdrawal of funds from your IRA account, other than in the event of your death, disability or having attained the age of eligibility as defined by the Internal Revenue Service is subject to penalties imposed by the IRS.
Nature of Dividends: Dividends are paid from the current income and available earnings, after required transfers to reserves at the end of a dividend period.

What are the interest rate ranges on the money market account for America First?

America First money market offers an APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

What is the current rate for money markets?

The average rate is currently around 3.00% APY. However, rates can vary depending on your bank or financial institution. Some banks may offer rates as high as 4.10% APY.

What Bank has the highest interest rate on money market?

Best Money Market Accounts.

Patriot Bank - 4.00% APY..

Blue Federal Credit Union - 4.00% APY..

Lemmata Savings Bank - 3.95% APY..

UFB Direct - 4.11% APY..

mph Bank - 3.85% APY..

SkyOne Federal Credit Union - 3.75% APY..

Idabel National Bank - 3.55% APY..

Ponce Bank - 3.25% APY..

Do credit unions offer money market accounts?

A money market account is a special type of account offered by banks and credit unions.