Savings Accounts

First Federal has savings options that are designed to work as companions to your checking account and are easy to open with a low minimum deposit.  There are usually no maintenance fees and these accounts can be used to help you save for vacations, buy a new car or even save for a new home.

Freedom Money Market

With our tiered rate money market account, the more money you keep in your account, the more money you will earn.

  • $2,500 minimum to open the account
  • $5 monthly charge and rate converts to a lower competitive interest rate if the minimum balance falls below $2,500

Click here for our deposit rates.

Relationship Money Market

Earn higher interest rates when you have a money market account with First Federal Bank!

  • Customer must have at least $5,000 average checking balance across any combination of checking products – including business checking accounts
  • Tiered interest rates
  • $5,000 minimum to open the account
  • $5 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

Click here for our deposit rates.

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

Click here for our deposit rates.

Penny the Panda Custodial Savings

Save for your child’s education or future expenses and we’ll even help!

  • $5 minimum to open the account
  • No minimum balance
  • No monthly service charge
  • First Federal Bank will match up to $5 per deposit, 5 times during the 1st year the account is active

Click here for our deposit rates.

 

For more information, or to open an account, please visit one of our convenient locations or call us at 262-542-4448.