Business Savings Accounts

Smart business starts with smart savings. Include our federally insured, interest-yielding accounts in your portfolio and watch your business savings grow.

Options

 

Business Savings 

 

Account Details

Minimum Monthly Balance (to avoid fee)

$500 daily balance

Monthly Maintenance Fee

$5

Transaction1 Fee

First 25 at no cost2 and $0.20 per item over 25

Earns Interest

Yes

FDIC-Insured3

Yes

Withdrawal Limits

There are no limits on the amount or frequency of internal withdrawals.2

Check Rates

1Transactions include any combination of paid items and deposited items, including paper and electronic.

2Transaction limitations: You may make up to six external transfers per statement cycle.

3Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor. IRAs are separately insured up to $250,000 by the FDIC.

 Business Daily Money Market

This premium account helps you maximize your business earnings with a higher interest rate than a standard business savings account. As with all First Federal accounts, you can access your information with 24/7, allowing you to make smart financial decisions for your business.

 

 

Account Details

Minimum Monthly Balance (to avoid fee)

$5,000 daily balance

Monthly Maintenance Fee

$15

Transaction1 Fee

First 25 at no cost2, then $0.20 per item over 25

Earns Interest

Yes

FDIC-Insured3

Yes

Early Withdrawal Penalty

No

Direct Deposit

Available

Account Access

24/7 with First Federal Online Banking

Funds Transfer

To and from First Federal checking account(s)

Check Rates

1Transactions include any combination of paid items and deposited items, including paper and electronic.

2Transaction limitations: You may make up to six external transfers per statement cycle.

3Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor. IRAs are separately insured up to $250,000 by the FDIC.

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