Consumer Deposit Accounts Rates

Rates/APY -Annual Percentage Yield- are effective as of 05/03/24
Rates Subject to Change Without Notice.

 

Consumer Deposit Accounts

Account TypeMinimum Dollar Amount to Open AccountMinimum Dollar Amount to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
Rewards Checking**1
$50.00$0.01 – $14,999.99
$15,000.00 – above		4.88%
0.10%		5.00%
0.10% - 5.00%
Rewards Money Market*5$100.00$0.01 - $49,999.99
$50,000.00 - above		0.15%
3.45%		0.15%
3.50%
Premier Money Market*4$5,000.00Introductory Rate:
First 90 Days

Standard Rate Tiers:
$0.01 - $4,999.99
$5,000.00 - $49,999.99
$50,000 - above
3.45%


0.10%
2.50%
3.00%
3.50%


0.10%
2.53%
3.04%
Relationship Checking*$1,500.00$0.01 – $1,499.99
$1,500.00 – above		0.05%
0.10%		0.05%
0.10%
Relationship Money Market*2$5,000.00$0.01 – $4,999.99
$5,000.00 – $24,999.99
$25,000.00 – $99,999.99
$100,000.00 – $249,999.99
$250,000.00 – above		0.15%
0.25%
0.50%
1.00%
1.24%		0.15%
0.25%
0.50%
1.00%
1.25%
Freedom Money Market*$2,500.00$0.01 – $4,999.99
$5,000.00 – $24,999.99
$25,000.00 – $99,999.99
$100,000.00 – $249,999.99
$250,000.00 – above		0.05%
0.15%
0.25%
0.50%
0.75%		0.05%
0.15%
0.15%
0.50%
0.75%
Health Savings Account**$0.00$0.01 – $2,499.99
$2,500.00 – $9,999.99
$10,000.00 – $24,999.99
$25,000.00 – above		0.05%
0.10%
0.20%
0.30%		0.05%
0.10%
0.20%
0.30%
Health Savings Money Market*3$10,000.00$0.01 – $24,999.99
$25,000.00 – $99,999.99
$100,000.00 – above		0.15%
0.35%
0.45%		0.15%
0.35%
0.45%
Statement Savings$50.00$0.010.10%0.10%
Penny the Panda Savings$5.00$0.010.10%0.10%
APY= Annual Percentage Yield
* Interest is calculated on the entire balance each day at the rate in effect for that balance tier.
** Interest is calculated on the portion of funds within the tier.
1- Qualifications: the following 2 (two) requirements must be met to obtain the disclosed rate and avoid the $10.00 monthly service charge :(1) eStatement enrollment, and (2) a combined total of 5 debit transactions (This can be any combination of ACH Debits or Debit Card Transactions). Qualifying debit card activity includes point-of-sale purchases/withdrawals (PIN and Signature), and ATM transactions (Transfers and withdrawals) count toward bonus qualifications. Account transactions must be posted to the account during the statement cycle to meet all qualifying requirements. If qualifications are met, balances up to $15,000 earn 5.00% APY; and balances over $15,000 earn 0.10% APY interest rate on the portion of balance over $15,000, resulting in an APY from 0.10% to 5.00% depending on the account balance. If qualifications requirements are not met, the APY is 0.05%. Fees may reduce earnings on the account. One account per tax reporting owner. Rate subject to change at any time without notice. Refer to account disclosures for full details. See a banker for more details.
2- You must have an active Rewards, BFF or Relationship checking account for the statement cycle. If the qualifying requirements are not met, the rate will default to 0.05%.
3- You must have an active Health Savings Account for the statement cycle. If the qualifying requirements are not met, the rate will default to 0.05%.
4- The introductory interest rate on your account is 3.45% with an Annual Percentage Yield (APY) of 3.50%. You will be paid this interest rate for the first 90 days after account opening.
Following the 90th calendar day of account opening, interest rates for accounts with balances of $5,000 and more will adjust monthly on the 15th calendar day, based on the Fed Funds (EFFR) target rate defined as the highest rate target rate/range published on https://www.newyorkfed.org/markets/reference-rates/effr for the rate that was effective as of the last business day of the prior month. Rate tiers and rates are defined as follows: for $0.01 – $4,999.99, rate is fixed at 0.15%, $5,000.00 – $49,999.99, Fed Funds (EFFR) rate minus 3.00% and $50,000.00 – above, Fed Funds (EFFR) minus 2.50%. Interest is calculated on the entire balance each day at the rate in effect for that balance tier. Rates for tiers tied to EFFR will be updated on the 15th calendar day of the month.
As an example: for the month of March 2024, the rate would be based on the Fed Funds (EFFR) target rate/range published on February 29, 2024, which was 5.50%. Rates are set as follows: for $0.01 – $4,999.99, rate 0.10% with an APY of 0.10%; $5,000.00 – $49,999.99, rate 2.50% with an APY of 2.53% and $50,000.00 – above, rate 3.00% with an APY of 3.04%.
This account cannot be opened with money currently on deposit at First Federal Bank of Wisconsin. Interest will be compounded monthly and will be credited to the account monthly. First Federal Bank of Wisconsin reserves the right to discontinue this offer at any time.
Interest rates are subject to change without notice. Certain activity restrictions may apply and fees could reduce earnings on the above accounts. Offer valid to consumer accounts only.
5- You must have an active Rewards Checking account for the statement cycle. If the qualifying requirements are not met, the rate will default to 0.15%.