Credit union · NCUA insured
Federated Employees Credit Union Savings Rates
Top CarrotFederated Employees Credit Union’s best savings rate is 2.78% APY on $10,000, with its Money Market. Rates checked October 16, 2026.
How Federated Employees Credit Union’s savings rates compare
Compared with banks and credit unions near Owatonna, MN, where Federated Employees Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Federated Employees Credit Union
2.78%APY
- Requires
- None
- Minimum
- $0
- Earns on $10,000 a year
- $278
Money Market
Top rate
United Prairie Bank
3.40%APY
- Requires
- Another account
- Minimum
- $500
- Earns on $10,000 a year
- $340
3rd-highest rate
Minnesota First
2.10%APY
- Requires
- None
- Minimum
- $5,000
- Earns on $10,000 a year
- $210
Federated Employees Credit Union savings score
94
Savings score
Higher than 96% of U.S. banks and credit unions
- $1,000 balance$1,0001.51%
- $10,000 balance$10,0002.78%
- $100,000 balance$100,0003.71%
- QualifiedQualified2.78%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Federated Employees Credit Union ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Choice Savings
1.50%APY
No minimum balance requirements, no withdrawal penalty, and no deposit minimums.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceDividends compound daily and are paid monthly. No monthly maintenance fees.Any balance | 1.50% | $150 | Dividends compound daily and are paid monthly. No monthly maintenance fees. |
Sources (3)
All captured Oct 5, 2026
Primary Share
1.50%APY
Membership is available to all Federated Insurance Companies employees and retirees, their spouses, children, grandchildren, parents, and siblings. A minimum $5 balance is required to maintain access to member benefits.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $25 and upBegins earning dividends once a minimum balance of $25 is reached. Dividends are compounded daily and paid monthly.$25 and up | 1.50% | $150 | Begins earning dividends once a minimum balance of $25 is reached. Dividends are compounded daily and paid monthly. |
Special-purpose accounts
Money Market
2.78%APY
No minimum balance required. No annual fees. Withdrawals of $500 or more up to 3 times per month at no charge; $15 fee per additional withdrawal. Joint ownership with parent/guardian required for under 18. Membership eligibility/valid ID and SSN required.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $2,500 | 1.51% | — |
| $2,500 – $10,000 | 2.27% | — |
| $10,000 – $25,000 | 2.78% | $278 |
| $25,000 – $50,000 | 3.19% | — |
| $50,000 – $75,000 | 3.45% | — |
| $75,000 and up | 3.71% | — |
Who can join Federated Employees Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Membership is available to all Federated Insurance Companies employees and retirees.
Family and household
- Membership is available to spouses, children, grandchildren, parents, in-laws, and siblings of Federated Insurance Companies employees and retirees.
Cost to join
- A deposit of one share of $5 into a credit union savings account is required to become a member.
Membership information collected October 4, 2026.