First Federal Savings & Loan of  Independence, Kansas, is offering two different types of money market fund accounts. First Federal Savings & Loan is offering their First Money Fund accounts and their Platinum Money Fund Account. The account interest rates are tiered, the higher the deposit amount the higher the interest rate the account earns.

First Federal Savings & Loan’s First Money Fund account balances of under $2,500 earn an interest rate of 0.35 percent with an annual percentage yield of 0.35 percent. First Money Fund account balances of $2,500 or more earn an interest rate of 0.65 percent with an APY of 0.65 percent.

First Federal Savings & Loan’s Money Fund account balances of $10,000 or less earn a money fund rate of 0.75 percent with an APY of 0.75 percent. Account balances of $10,000 to $30,000 earn an interest rate of 0.85 percent with an APY of 0.85 percent.

Money Fund account balances of $30,000 to $40,000 earn an interest rate of 0.95 percent with an APY of 0.95 percent. Money Fund account balances of $40,000 to $50,000 earn an interest rate of 1.04 percent with an APY of 1.05 percent.

Money Fund account balances of $50,000 or more earn an interest rate of 1.14 percent with an APY of 1.15 percent.

Money fund rates can change at anytime, for a current list of interest rates go to firstfederalsl.com.