Municipal Deposit Accounts

First Federal Bank’s municipal banking team understands the budgetary and regulatory challenges faced by municipalities, school districts and other government agencies in meeting the needs of their local communities. Our specialized deposit accounts are designed to be flexible, and provide the best value for your organization.

Enjoy these services with our municipal deposit accounts:

  • Online and Mobile Banking*
  • Remote Deposit Capture
  • Merchant Card Services
  • ACH Origination
  • Direct Deposit
  • Lockbox Payment Processing

*Per your data provider, SMS message and data fees may apply.

Municipal Checking Account

Our interest-bearing checking account provides liquidity and safety for your everyday use.

  • Competitive interest
  • 1,000 FREE monthly transaction items
  • $1,500 minimum balance to avoid a low monthly fee of $10
  • Up to $10,000 coin and currency deposited per month FREE


Municipal Money Market Account

Accumulate public funds at a competitive interest rate and be able to access them by check, in-person withdrawal, online or mobile methods.

  • Earns competitive interest rate
  • Interest is compounded and credited monthly
  • No minimum balance
  • No monthly service charges
  • Collateralized options available
  • Combined e-statements for municipal checking and other accounts
  • Direct deposit and/or auto transfers available
  • Also available for Non-Profit Organizations

What do I need to open a business account? 

Opening a business account with us is straightforward and hassle-free, especially if you are prepared. Having the correct documents will help.