Money Market Accounts

Step up your savings game with our Money Market account! You've done the leg work of saving, now earn a higher payout! As your money continues to grow, you'll keep earning while still being able to make withdrawals when you need cash. Give us a call or stop into a branch today to get started!

We offer two options for Money Market accounts: First Market and our Premier Market. The Premier Market account offers a 3.75% APY*. The minimum balance to open this account is $30,000 and must come from an account outside of Mutual 1st Federal. 

Give us a call or stop into a branch today to get started!

Your Money Market Account is safe and secure, insured up to $250,000 by the National Credit Union Administration (NCUA).

Kasasa Saver^® Account

Kasasa Saver Features:

• Links to free Kasasa Cash or Kasasa Cash Back checking
• 2.50% APY* on balances up to $15,000
• 0.05% APY* if qualifications are not met in Kasasa Cash or Kasasa Cash Back
• No monthly maintenance fee
• No minimum balance to earn rewards
• Free direct deposit
• Free online and mobile banking with mobile deposit

Personal Savings Account

But the features don't end there:

• Dividends paid quarterly
• No minimum balance (after $5 membership)
• No monthly fees when enrolled in estatements
• Free direct deposit
• Free online and mobile banking with mobile deposit

*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions or transfers between accounts. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current month through one (1) day prior to the close of the current month. Reward Information: When your Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your accounts on the last day of the current statement cycle: Kasasa Saver: Balances up to $15,000.00 receive APY of 2.50%; and balances over $15,000.00 earn 0.30% interest rate on the portion of balance over $15,000.00, resulting in a range from 0.05% to 2.50% APY depending on the account’s balance. When Kasasa Cash or Kasasa Cash Back qualifications are not met, Kasasa Saver: All balances earn 0.05% APY. Kasasa Cash: All balances earn a non-compounding APY* of 0.05%. Kasasa Cash Back: No cash back payments are made. *When linked to the Kasasa Saver account, the dividends earned within the Kasasa Cash or Kasasa Cash Back account does not compound since it is automatically transferred to the Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your Kasasa Cash or Kasasa Cash Back account if the account’s balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield. APYs accurate as of 1/1/2025. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments and other requirements apply. $5.00 minimum deposit is required to open the account. Monthly direct deposit/ACH credit and enrollment in electronic statements are conditions of this account. Limit 1 account per social security number. A Kasasa Cash or Kasasa Cash Back account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly maintenance charges or fees to open or close this account. Contact a Mutual 1st Federal representative for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa, Kasasa Cash Back, and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

7-Month Special Certificate

We're currently offering a 7-month certificate that pays MONTHLY!

• $1,000 minimum
• 7-months
• If you have a Kasasa checking account, the APY is HIGHER!
  
• Dividends are credited to your primary savings account

Give us a call or stop in today!

Certificate Accounts

Certificate Account Features

• Compounding interest allows the certificate to grow and reinvests the dividends, resulting in a higher yield
• Option to receive certificate dividends as they are paid, instead of compounding
• Fixed rates
• Terms from 6 months to 5 years
• Penalty for early withdrawal*
• $1,000 minimum deposit
  • Student Certificates have a minimum deposit of $100, Funds can be added until age 24. 
• Members are notified when certificates reach maturity
• Certificates are automatically renewed 5 days after maturity unless otherwise requested*

Our Save to Win certificates have unique features, view details here.

IRAs (Individual Retirement Accounts)

Boost your retirement savings with a separate account from Mutual 1^st Federal. We offer Traditional IRAs and Roth IRAs as additional savings options for you.

Traditional IRA

In a Traditional IRA, you are able to direct pre-tax income toward investments that can grow tax-deferred. However, you will be taxed on the money you take out during retirement.

Roth IRA

Contributions are taxed up front with a Roth IRA, but earnings are withdrawn tax-free as long as you are at least 59 ½, the account is at least 5 years old and you meet other income requirements. 

We recommend consulting a tax advisor to help you make the best choice for IRAs, then call us or visit us to open the IRA that will work best for you.