Deposit Accounts

First Federal Savings Bank offers a variety of deposit accounts to meet your individual needs.

Checking

The best fit for YOU!

At First Federal Savings Bank, we believe it's all about providing the best service for our customers.  We take the time to get to know you and then we work hard to find the right products and services that will work for you.  We understand that everyone's lifestyle and budget is not the same therefore, we offer four different checking accounts

  Free Checking A+ Checking  Premier Checking Super NOW Platinum Checking
Minimum Opening Deposit $50 $25 $500 $1000 $5000
Mininmum Balance Required none $25 $500 $1000 $5000
Service Charge none none $10 if daily balance not maintained $10 if daily balance not maintained $15 if daily balance not maintained
Interest Bearing no no yes yes tiered interest
Online Banking/Bill Pay yes yes yes yes yes
Mobile Deposit w/Mobile Capture yes yes yes yes yes
EStatements yes Required yes yes yes
Chip Enabled Debit Card yes yes yes yes yes
Other Features -

See Below for all Features and Requirements

- - One Stop Pay a Month, One Official Check a Month, First Box of Checks Free

 

A+ Checking

First Federal wants to Reward Students for their Success in the Classroom.

Features:

Receive $2 for every "A" on your report card at the end of every semester (up to a max of 5 A's/semester). Money to be deposited into your account.  Report cards may be submitted twice an academic year, once at the end of each semester. 

First Semester report cards must be submitted between Dec 1, but no later than Jan 31st;

2nd Semester report cards may be submitted between May 1, but no later than June 30th.

Semesters are defined as:

1st Semester:  August 1 - Dec 31; if you receive grades quarterly, this will include two quarterly report cards;

2nd Semester: January 1 - June 30;  if you receive grades quarterly, this will include two quarterly report cards;

 If student receives report cards quarterly, you may use both quarters of a semester to accumulate up to 5 A's, however, you will only receive credit for one A per subject, per semester.  For example, if you get an A in Math in 1st quarter, and another A in Math the 2nd quarter, you will only receive credit for ONE "A" since both were earned in the same semester.

 

$2 for every "A" based on a letter grade system of A, B, C, D, F. No Substitute grading system, or equivalent letter grade would be accepted.

Free Gift at Account Opening

Free Online Banking

Free Mobile Banking w/ Mobile Deposit Capture ($.50 per deposit)

Free Debit Card

 

Qualifications:

$25 Minimum Opening Deposit

Students First Grade through Senior Year in High School are eligible for enrollment

Adult Joint Account Holder Required

Student must present report card in person, to receive credit. No texts, emails, faxes, etc.

Upon High School graduation, or the student's 19th birthday, whichever occurs first, the account converts to a Free Checking account.

Account must remain open for 180 days (6 months) after opening, or there is a $20 fee to close

Paperless E-statements required

Statement Savings

Looking for a basic account to start saving for whatever your future holds?  Then First Federal's Statement Savings account is just right for you.

  Features:

          Interest Bearing Account 

          No Monthly Service Charge (if daily balance is maintained)

          Free Online Banking

          Free Mobile Banking

          Free E-Statements

   Qualifications:

          $50 Minimum Deposit to Open

          $5 Monthly Service Charge if daily balance falls below $50

A+ Savings Account

 

First Federal wants to Reward Students for their Success in the Classroom.

 

Features:

Receive $2 for every "A" on your report card at the end of every semester (up to a max of 5 A's/semester). Money to be deposited into your account.  Report cards may be submitted twice an academic year, once at the end of each semester. 

First Semester report cards must be submitted between Dec 1, but no later than Jan 31st;

2nd Semester report cards may be submitted between May 1, but no later than June 30th.

Semesters are defined as:

1st Semester:  August 1 - Dec 31; if you receive grades quarterly, this will include two quarterly report cards;

2nd Semester: January 1 - June 30;  if you receive grades quarterly, this will include two quarterly report cards;

If student receives report cards quarterly, you may use both quarters of a semester to accumulate up to 5 A's, however, you will only receive credit for one A per subject, per semester.  For example, if you get an "A" in Math in 1st quarter, and another "A" in Math the 2nd quarter, you will only receive credit for ONE "A" since both were earned in the same semester.

 

$2 for every "A" based on a letter grade system of A, B, C, D, F. No Substitute grading system, or equivalent letter grade would be accepted.

 

Free Gift at Account Opening

Interest Bearing Account

Free Online Banking

Free Mobile Banking 

Free ATM Card

 

 Qualifications:

 

$25 Minimum Opening Deposit, with $25 minimum balance required thereafter. If balance falls below minimum, there is a $5 monthly fee

Students First Grade through Senior Year in High School are eligible for enrollment 

Adult Joint Account Holder Required 

Student must present report card in person, to receive credit. No texts, emails, faxes, etc.

Account must remain open for 180 days (6 months) after opening, or there is a $20 fee to close 

$10 Fee for every withdrawal, and/or transfer, over 6 occurrences, per month

Paperless E-statements required

 

 Christmas Club Account

 
Save for the holidays and the last payment is on us!

 

 Features:

Make a minimum of 49 scheduled weekly payments and we will make the 50th payment paid out in October. Payments can be paid ahead of schedule by either bi-weekly, bi-monthly, or monthly payments but only 2 catch up payments are allowed.

Payments can be made in person or by automatic transfer to the FFSB deposit account

Payouts are made on October 31st by direct deposit or check

Withdrawals are not permitted before payout. In event of an emergency, approved by the bank President, the account can be closed with a charge of $15.00

Qualifications:

$5, $10, $15, $20, $25, or $30 Minimum opening deposit

Accounts must be opened by Nov 21st, 2018

Minimum of 49 weekly deposits of $5, $10, $15, $20, $25 or $30

Paperless Estatements required

Vacation Club Account


Save for your vacation and the last payment is on us!

 

Features:

Make a minimum of 46 scheduled weekly payments and we will make the 47th payment paid out in April. Payments be paid ahead of schedule but only 2 catch up payments are allowed.

Payments can be made in person or by automatic transfer to the FFSB deposit account

Payouts are made on April 30th by direct deposit or check

Withdrawals are not permitted before payout. In event of an emergency, approved by the bank President, the account can be closed with a charge of $15.00

Qualifications:

$5, $10, $15, $20, $25, or $30 Minimum opening deposit

Accounts must be opened by May 31, 2018

Minimum of 46 weekly deposits of $5, $10, $15, $20, $25 or $30

Money Market Account

When you're saving money, every penny counts. That's why our Money Market Account offers competitive interest rates with no monthly service charge when you maintain a modest minimum daily balance.

    Features:
         Tiered Interest Bearing Checking Account

         No monthly service charge on daily balances of $1,000 and above

         Six Withdrawals per statement cycle at no charge

         Free EStatements

         Free Online Banking with Bill Pay

         Free Mobile Banking with Mobile Deposit ($.50 per deposit)

    Qualifications:
         $1000 minimum deposit to open

         $10 monthly service charge if daily balance falls below $1,000

         

          Money Market Account Rate Tiers*:

                  $.00 - $9,999
                  $10,000 - $49,999
                  $50,000 - $99,999
                  $100,000 and above
             *Rates based on current market conditions.

Certificate of Deposits

Whether it's next year's vacation, a future home or simply a place for your money to grow, CDs are the perfect way to save with a purpose. You can invest as little as 3 months or as long as 7 years. Our variety means more savings options.

   Fixed Rate CDs

 

       Minimize market risk by locking in your rate.

       Early withdrawal penalties may apply

       For current interest rates click on Current Rates 

Individual Retirement Accounts (IRA)

Ensure your golden years are worry free. IRA Accounts offer a variety of terms with competitive rates. Depositors can make contributions a little at a time or as a lump-sum. With First Federal you can choose to invest in a Traditional IRA or a ROTH IRA.

         Benefits

            Earn competitive rates of interest

            Terms of 3 months to 7 years

            Minimum opening deposit of $1000

            Early withdrawal penalties may apply

For current rates, call one of our three branches or just stop by and speak with a Customer Service Representative.

Your deposits are protected by FDIC Insurance

 

Mobile Banking on the Beach

Mobile Banking

Access your accounts wherever you are!

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