Savings

Planning for a financially secure future is a smart decision, and First Federal Bank knows that each customer has different financial goals. Whatever the case, First Federal Bank offers a complete line of Savings plans that are tailored to fit your individual needs.

Regular Savings Account

Minimum opening deposit of $150 Interest earned on balance of $10 or more Passbook or periodic statement available (Passbooks required for withdrawal in Passbook Savings Account) $3 per withdrawal after 3 in a calendar month LOW Balance charge of $3 per month, if balance drops below $150 per calendar month. $3 per transfer (Reg D Violation S/C) after six electronic transfer debits during a monthly cycle period (IVR, Online Banking and ACH), allowable on Statement Savings accounts only

Back to top

Youth Savings Account

Minimum opening deposit of $50 Interest on balance of $10 or more Statement Savings only $1 per withdrawal after 3 in a calendar month $3 per transfer (Reg D Violation S/C) after six electronic transfer debits during a monthly cycle period (IVR, Online Banking and ACH), allowable on Statement Savings accounts only Youth are individuals under 18 years of age

Back to top

Access 90 Account

Minimum opening deposit of $1,000 Rates tiered according to balance: $1,000-$24,999; $25,000-$74,999; and $75,000 and greater Regular Savings rate earned on any day balance drops below $1,000 Unlimited deposits are allowed Withdrawals allowed during first 10 days of each calendar quarter without a charge Loss of earnings on the amount withdrawn for current period plus $10 charge on each withdrawal at any other time Quarterly statement provided or combined with monthly checking statement Low balance charge of $15 if balance falls below $1,000 during a calendar quarter Online Banking & IVR (View account balance and history only-no transaction activity allowed)

Back to top

Christmas Club Account

Minimum opening deposit $5 and must have First Federal Checking Account to open Christmas Club Account Interest earned on balance of $10 or more Automatic transfers from a First Federal checking account (either weekly, bi-weekly or monthly) Monthly statement combined with checking account statement Balance is mailed or transferred on November 1 of each year $10 charge if closed at any other time Over the counter deposits accepted in $5 increments Online Banking & IVR (View account balance and history only-no transaction activity allowed)

Back to top

Home Buyer Account

Designed to assist in saving for a home Minimum opening deposit of $10 Interest on balance of $10 or more Funds used for First Federal Home Mortgage Earns higher yield than regular savings account Unlimited deposits allowed

Customized savings projections Prequalification review Budget counseling Loan incentives Loss of 90 days simple interest on withdrawals for reasons other than a First Federal Mortgage Quarterly statement provided

Back to top