Savings Products

Choose the account that offers what you value most. Whether your goal is lower fees, higher interest earnings or a simple way for you to start teaching your children the importance of saving, First Federal Savings Bank has a savings account to fit your needs.

Statement Savings Account

Make deposits or withdrawals anytime. Your monthly or quarterly statement provides a convenient record of account activity, including interest you've earned. Our Statement Savings plan features:

  • Low, $25 minimum balance requirement
  • $10 minimum if under the age of 18
  • Interest credited quarterly
  • No monthly service charges
  • No transaction fees
  • ATM card
  • Low Balance Savings Account of $200 or less will have a $2 charge

Moola Moola Child Savings Club

A fun, exciting savings club for kids! Moola Moola leads children 11 and under through the world fo money and makes savings fun. Learn more here.

  • $10 minimum balance
  • Interest credited quarterly
  • Quarterly statements
  • Kids receive gifts as their savings grow
  • Club activities and special event nights

Learn More about Moola Kids Accounts

Retirement Accounts

A First Federal IRA is a great way to save for retirement, and save on taxes too.

  • Only $25 is needed to get started
  • Traditional, Roth, and educational IRA plans are available
  • Earn competitive interest in our special 18-month variable rate IRA CD
  • 12-month fixed-rate IRA CDs are also available
  • Income tax deductions available, consult your tax advisor for details (IRS imposes a penalty for premature withdrawal of IRA funds)
  • FDIC insured to $250,000

Learn More About IRAs

Christmas Club Savings

A great way to prepare for the holiday season expenses. We know the holiday season can be stressful at times. Trying to save and prepare for all that the season brings.

  • $10 minimum opening deposit
  • Deposit anytime
  • Interest credited quarterly
  • Quarterly statements

Certificates of Deposit (CDs)

Lock in a competitive rate for a term that suits your needs. We have many options available from six months to five years. We also offer monthly specials.

  • $1,000 minimum
  • Penalty imposed for early withdrawal

Learn More about CDs

Open a Savings Account

Interested in opening a savings account? We have the perfect fit for you with our many options. Contact your local branch today!