Money Market & CDs


Money Market Investment Account

The Money Market Investment Account is a tiered-rate deposit account that provides depositors an investment opportunity to earn a higher interest rate for an indefinite period of time without sacrificing liquidity of their funds.

Terms & Conditions

  • ATM/Debit card* access to your account.
  • Monthly statement listing all transactions.
  • Additions are unlimited and may be made in a variety of methods with no transaction fees.
  • Withdrawals made in person are unlimited in number with no transaction fees.
  • ATM withdrawals are unlimited in number with no transaction fees when made at a Home Federal ATM.
  • Preauthorized and third party transfers, including debit card transactions, are limited to 6 per statement cycle.
  • Minimum amount to open the account is $100.00.
  • $2.00 monthly maintenance fee if balance falls below $100.00.
  • Money Market Interest Tiers
    $0.00 - $2,499.00
    $2,499.01 - $24,999.00
    $24,999.01 - $99,999.00
    $99,999.01 - $999,999.00
    Over $999,999.00
  • Interest is compounded daily and paid monthly on collected balances.

Click here for current interest rates »

*ATM/Debit cards are subject to approval.

Certificates of Deposit (CDs)

 

Certificates of Deposit are savings investments that yield the highest interest rates. Because the funds are deposited at a fixed rate for a specific term, the longer term CDs earn a higher interest rate. Click here for current interest rates »

Terms & Conditions

  • Minimum amount to open all CDs is $500.00.
  • Interest is accrued from the date of deposit and credited interest may be withdrawn during the term of the CD without penalty.
  • The minimum balance to earn the annual percentage yield is $500.00.
  • Statements for CDs may be combined with statements for checking or statement savings accounts.
  • Withdrawals may be made on the maturity date or during the 10 day grace period after maturity without penalty.
  • Principal withdrawals are not permitted before the maturity date without penalty*.
  • There are 3 interest payment options:
    1. Credit to the account.
    2. Interest checks.
    3. Transfer to another
      Home Federal account.
Certificate Products Interest Credited Penalty*
3 Month
3 Month
Monthly
At Maturity
2 months loss of interest on the amount withdrawn whether earned or not, based on the simple interest rate on the account.
6 Month
6 Month
9 Month
Monthly
At Maturity
Monthly
3 months loss of interest on the amount withdrawn whether earned or not, based on the simple interest rate on the account.
1 Year
1 Year

18 Month
2 Year
3 Year
4 Year
5 Year
Monthly
At Maturity
Monthly
Monthly
Monthly
Monthly
Monthly
6 months loss of interest on the amount withdrawn whether earned or not, based on the simple interest rate on the account for all CD terms 1 year and longer.
Jumbo
($100,000 min.to open)
(Terms: 14 days to 1 year)
Monthly or at Maturity 3 months loss of interest on the amount withdrawn whether earned or not, based on the simple interest rate on the account.

*Penalty may be waved under certain circumstances.