Savings Accounts

First Federal Bank has options that are designed to help you reach your savings goals.  Whether it’s for a family vacation, a new car or saving for retirement, we have an account for you.  Talk to a banker today to get started.  It’s never to late to save!

 

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

 

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

 

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

 

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

 

Certificates of Deposit  (CDs)

Invest your money in a First Federal Bank CD and choose from a variety of terms to meet your savings goals.

  • Available in terms from 91 days to 5 years
  • $500 minimum opening balance
  • Competitive rates of return
  • No investment risk

 

Individual Retirement Accounts (IRAs)

It’s never too early to begin saving for retirement.  We can help you plan for the future.

  • Available in terms from 91 days to 5 years
  • $500 minimum opening balance
  • Guaranteed rate of return
  • Certain tax advantages may apply – consult your tax advisor for more information

Switch to First Federal Bank! 

We invite you to experience The Community Bank Difference! Switching to First Federal Bank is easy! Our Switch Kit will help you make the move quickly and efficiently!

SWITCH TODAY