Savings Accounts

It's never too soon — or too late — to start a savings program. Our savings accounts offer competitive rates and daily compounded interest.

Options

 

Account Options

 

Savings Account

Youth Savings Account

Christmas Club Account

Benefits

Our standard account will allow you to save money with confidence.

Good savings habits begin early so get the ball rolling with our youth account today.

Take the financial stress out of the holidays by making small deposits throughout the year. In November we will send you a check — including interest.

Opening Deposit

$25

You decide

You decide

Earns Interest*

Yes

Yes

Yes

FDIC-insured**

Yes

Yes

Yes

Minimum Monthly Balance

$25

$0

$0

Monthly Service Fee

$2 if balance drops below $25

Waived for account holders until age 18

None

Withdrawal Limits

There are no limits on the amount or frequency of internal withdrawals. A total of six (6) external transfers may be made from the account per statement cycle.

There are no limits on the amount or frequency of internal withdrawals. A total of six (6) external transfers may be made from the account per statement cycle.

Withdrawals are limited to one. If additional withdrawals are needed the account may be transferred to a Savings Account.

Check Rates

*There is no minimum balance required to earn the annual percentage yield (APY).

**Deposits 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.

 

Daily Money Market Account

These premium accounts offer a higher interest rate than traditional checking accounts, allowing your bottom line to grow. Because they are federally insured and require just a $1,000 opening balance, our Daily Money Market Accounts are ideal for watching your account build over months or years.

 Account Details

Opening Deposit

$1,000

Earns Interest

Compounded daily with a tiered interest schedule that pays more for higher balances*, ***

FDIC-insured**

Yes

Minimum Monthly Balance

$1,000 to avoid monthly service fee

Monthly Service Fee

$10 if balance drops below $1,000

Transaction Privileges

A total of six external transfers per statement cycle, including checks. There are no limits on the amount or frequency of internal withdrawals or deposits from this account to other First Federal accounts.

Early Withdrawal Penalty

No

Check Rates

*When the balance of the account is $25,000 or more, the rate of earnings for the account will not be less than the weekly average yield of US Treasury Securities adjusted to a constant maturity of one year, less 2.5%

** Deposits 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. 

***There is no minimum balance required to earn the annual percentage yield (APY).

Curious about retirement savings?

Learn about our many options or schedule an appointment to review your current IRA plans.

Learn More Contact Us

Community Matters

Our philosophy continues to guide our decision-making and strengthen our dedication to our customers and our community. When you bank with us, your money is invested here and stays here, working for and giving back to our community.

Giving Programs

Community Support

Financial Education

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