Savings Products
Choose the account that offers what you value most. Whether your goal is lower fees, higher interest earnings or a simple way for you to start teaching your children the importance of saving, First Federal Savings Bank has a savings account to fit your needs.
Statement Savings Account
Make deposits or withdrawals anytime. Your monthly or quarterly statement provides a convenient record of account activity, including interest you've earned. Our Statement Savings plan features:
- Low, $25 minimum balance requirement
- $10 minimum if under the age of 18
- Interest credited quarterly
- No monthly service charges
- No transaction fees
- ATM card
- Low Balance Savings Account of $200 or less will have a $2 charge
Moola Moola Child Savings Club
A fun, exciting savings club for kids! Moola Moola leads children 11 and under through the world fo money and makes savings fun. Learn more here.
- $10 minimum balance
- Interest credited quarterly
- Quarterly statements
- Kids receive gifts as their savings grow
- Club activities and special event nights
Retirement Accounts
A First Federal IRA is a great way to save for retirement, and save on taxes too.
- Only $25 is needed to get started
- Traditional, Roth, and educational IRA plans are available
- Earn competitive interest in our special 18-month variable rate IRA CD
- 12-month fixed-rate IRA CDs are also available
- Income tax deductions available, consult your tax advisor for details (IRS imposes a penalty for premature withdrawal of IRA funds)
- FDIC insured to $250,000
Christmas Club Savings
A great way to prepare for the holiday season expenses. We know the holiday season can be stressful at times. Trying to save and prepare for all that the season brings.
- $10 minimum opening deposit
- Deposit anytime
- Interest credited quarterly
- Quarterly statements
Certificates of Deposit (CDs)
Lock in a competitive rate for a term that suits your needs. We have many options available from six months to five years. We also offer monthly specials.
- $1,000 minimum
- Penalty imposed for early withdrawal
Interested in opening a savings account? We have the perfect fit for you with our many options. Contact your local branch today!