Set your financial future up for success by earning higher interest than a traditional savings account with a First Federal CD.

Compare CD Options


Short-Term CDLong-Term CD
Length of Deposit 32 to 364 days 1 to 5 years
Minimum Opening Deposit $500 $100
Annual Percentage Yield (APY) Check Rates
Fixed Rates x x
Set-Up Fees None None
Additional Deposits Allowed


$500 or more at any time

Early Withdrawal Penalty1


Short Term: 30 day interest penalty


Long Term: 180 day interest penalty

1An early withdrawal penalty will not be imposed under the following circumstances: (1) Following the death of an account holder; (2) After an account holder is determined to be legally incompetent.


The Certificate of Deposit Account Registry® (CDARS®) is a convenient way to access multimillion dollar FDIC Insurance on CD investments. You sign one agreement with First Federal, earn one interest rate and receive one regular statement. It’s that easy.

How CDARS® Works

Everything is handled through First Federal, a CDARS® Network member. When you place a large deposit with First Federal, First Federal uses the CDARS® service to place your funds into CDs issued by other members of the CDARS® Network.

This occurs in increments below the standard FDIC insurance maximum ($250,000) so that both principal and interest are eligible for FDIC insurance. By working directly with just one institution, you can receive insurance coverage from many. And, you receive just one regular, consolidated account statement.

Visit your local branch to register

Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS® and Certification of Deposit Account Registry Service® are service marks of Promontory Interfinancial Network, LLC. The CDARS® service has been designed to satisfy the FDIC’s requirements for pass-through deposit insurance coverage.

Apply Online for a First Federal CD

Open a checking or savings account from First Federal and enjoy access to secure digital banking, mobile check deposit, Zelle® , card controls, and much more.

Get Started Now Opening an Account