Our 2024 Community Impact Report is Here - Take a Look!
Community Impact Report
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Take a look through some frequenty asked questions.
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Set your financial future up for success by earning higher interest than a traditional savings account with a First Federal CD.
Short-Term CD
Long-Term CD
Length of Deposit
32 to 364 days
1 to 5 years
Minimum Opening Deposit
$500
$100
Annual Percentage Yield (APY)
Fixed Rates
Set-Up Fees
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.
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
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.
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