Real Saver
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- Earn interest
- No minimum balance to earn rewards
- No monthly service fees
- Summary
This savings account is paired with a First Federal Bank Reward Checking account to bring interest earnings to every penny you put in the bank.
You'll reap the rewards of 1.25% APY* each monthly qualification cycle while enjoying the benefits of hassle-free banking: no minimum balances and no monthly service charge.
- 1.25% APY* on balances up to $15,000
- 0.65% APY* on portion of balance above $15,000
- 0.10% APY* on all balances if qualifications are not met
- Linked to your Reward Checking Account
- No minimum balance required to earn rewards
- Interest is accrued daily, credited each qualification cycle
- Free Online Banking
- FDIC insured
- Minimum deposit to open is $100 (no minimum thereafter)
Non-sufficient fund withdrawal fees of $37.00 per debit item may apply if you withdraw more funds than are available in your account.
Qualifications
There are no minimum balance requirements to earn rewards, but you do have to have an existing (or open a new) Reward Checking account with First Federal Bank.
It's simple to receive the higher interest rate on Real Saver by just meeting these 3 easy qualifications on your Reward Checking account each monthly qualification cycle:
- Have at least 10 debit card purchases post and clear each qualification cycle
- Have at least 1 automatic payment or direct deposit post and clear each qualification cycle
- Access Online Banking once each qualification cycle
You only have to meet the qualifications once each monthly qualification cycle. Qualifying for the Reward Checking features automatically qualifies you for Real Saver. Learn more about Reward Checking here.
If you do not meet the qualifications one cycle, your Real Saver account still earns 0.10% APY* on the entire balance.
*Minimum to open Reward Checking account is $50 and $100 for Real Saver. Reward Checking rate tiers are as follows: Rate tiers are as follows: 3.50% APY applies to balances of $.01 - $15,000 and 0.65% APY applies to balances over $15,000 if qualifications are met during the monthly qualification cycle. 0.10% APY applies to all balances if monthly qualifications are not met. All balances will earn 3.50% APY – 0.65% APY if monthly qualifications are met. The advertised Reward Checking APY is based on compounding interest. The interest earned in Reward Checking is automatically transferred to Real Saver each statement cycle and does not compound. The actual interest paid may be less than the advertised APY. The Real Saver APYs may be less than the Reward Checking APYs. Transactions may take one or more banking days from the date the transaction was made to post to an account. Intra‐bank transfers do not count as qualifying transactions.
Real Saver rate tiers are as follows: 1.25% APY applies to balances of $.01 - $15,000 and 0.65% APY applies to balances over $15,000 as long as qualifications are met each statement cycle. 0.10% APY applies to all balances if qualifications are not met. All balances will earn 1.25% APY to 0.65% APY as long as qualifications are met on Reward Checking. Annual Percentage Yield (APY) accurate as of 9/09/10. Rate tier balance amounts and rates may change after the account is opened. Fees may reduce earnings.
**ATM Fee reimbursements (checking account only) provided only if qualifications are met within the monthly qualification cycle. ATM nationwide refunds are automatically issued for amounts up to $4.99; amounts greater than $4.99 will be refunded upon presentment of receipt.
Regular Savings Account
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- Competitive interest rates
- 2 free debits per month
- Balances of $200 and over earn interest
- Summary
Build your nest egg with a solid interest rate and easy access when you need it.
- Competitive rates
- Balances of $200 and over earn interest
- 2 free debits per month; $4 each thereafter
- Free Online Banking
- Unlimited telephone banking
- $5 monthly service charge waived on balances over $200
- Direct deposit available
- FDIC insured
- $100 deposit to open
Non-sufficient fund withdrawal fees of $37.00 per debit item may apply if you withdraw more funds than are available in your account.
Youth Savings Account
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- Competitive interest rates
- 2 free debits per month
- Balances of $10 and over earn interest
- Summary
It's never too early to start saving. Establish good financial habits and make the most of your money with a Youth Savings Account.
- For clients under 18 years of age
- Competitive rates
- Balances of $10 and over earn interest
- 2 free debits per month; $4 each thereafter
- Free Online Banking
- Unlimited telephone banking
- $5 monthly service charge waived on balances over $10
- Direct deposit available
- FDIC insured
- $10 deposit to open
Non-sufficient fund withdrawal fees of $37.00 per debit item may apply if you withdraw more funds than are available in your account.
Money Market Account
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- Higher returns
- Tiered rate structure
- Free Online Banking
- Summary
Get the most out of your money. This high return savings account offers outstanding interest rates that go even higher as your balance does.
- Higher returns
- Tiered rate structure rewards higher balances
- Interest paid on collected balances
- Free Online Banking
- Unlimited telephone banking
- $10 monthly service charge waived on balances over $1,000
- Direct deposit available
- FDIC insured
- $1,000 deposit to open
Non-sufficient fund withdrawal fees of $37.00 per debit item may apply if you withdraw more funds than are available in your account.
Christmas Club Account
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- Save for the holidays
- Competitive interest rate
- Balance sent before season begins
- Summary
Don't let the holidays catch you off-guard. Start saving now with this specially designed savings account.
- Save for the holidays
- Competitive rates
- Interest paid on collected balances
- Balance sent to you before season begins
- Early closure forfeits interest
- Free Online Banking
- Unlimited telephone banking
- Direct deposit available
- FDIC insured
- $5 deposit to open
Certificates of Deposit
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- Competitive rates
- Many term options
- FDIC insured
- Summary
Take the guesswork out of investing by putting your money into a First Federal CD with a fixed interest rate.
- Competitive rates
- Many term options
- Penalty for early withdrawal
- Experienced advisors to assist you
- Personal service
- FDIC insured
Earned interest may be credited to your account balance or you may receive a check monthly or quarterly.
Contact us to find out about periodic special rates and accounts.
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