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Savings Accounts
First Federal Bank has options that are designed to help you reach your savings goals. Whether it’s for a family vacation, a new car or saving for retirement, we have an account for you. Talk to a banker today to get started. It’s never to late too save!
Rewards Money Market
3.50 % APY on balances $50,000 and more
- Must have a Rewards Checking account
- $10 Service Fee if balance falls below $50,000
- Rate will revert to 0.15% if balance is below $50,000
- Fees may reduce earnings
- Other fees such as non-sufficient funds, overdraft, sustained overdraft fees, dormancy fees, etc. may apply
- Ask us for more details
Certificates of Deposit (CDs)
Invest your money in a First Federal Bank CD and choose from a variety of terms to meet your savings goals.
- Available in terms from 91 days to 60 months
- $500 minimum opening balance
- Competitive rates of return
- No investment risk
Relationship Money Market
Earn higher interest rates when you have a money market account with First Federal Bank!
- Customer must have an active Relationship or Rewards checking account to open
- Pays a premium interest rate on all account balances
- $5,000 minimum to open the account
- $10 monthly charge and rate converts to a lower competitive interest rate if the average balance falls below $5,000 or the relationship requirements are not met
Freedom Money Market
Earn higher interest rates when you have a money market account with First Federal Bank!
- $2,500 minimum to open the account
- $10 monthly charge and rate converts to a lower competitive interest rate if the minimum balance falls below $2,500
Individual Retirement Accounts (IRAs)
It’s never too early to begin saving for retirement. We can help you plan for the future.
- Available in terms from 91 days to 60 months
- $500 minimum opening balance
- Guaranteed rate of return
- Certain tax advantages may apply - consult your tax advisor for more information
Statement Savings
Keep your money readily available with this classic savings account. It’s the perfect savings companion to your checking account.
- $50 minimum to open the account
- No minimum balance requirement
- No monthly service charge
