Deposit Accounts

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


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 are not the same therefore, we offer five different checking accounts.

Open Account


Account Type
(Click on Product for more information)


Opening Deposit


Service Charge



Free Checking $50.00 - No

A+ Checking

(Student Checking)

$25.00 - No
Premier Checking $500.00


(If daily balance of $500.00 is not maintained)

Platinum Checking $5000.00


(If daily balance of $5000.00 is not maintained)

Money Market $1000.00


(If daily balance of $1000.00 is not maintained)





Need to Reorder Checks? Just click on the Deluxe link below and you will need your Routing Number and Account Number to start your order.




Savings & Club Accounts

A good savings account is your safety net when unexpected expenses arise or give you the freedom to do the things you want to do. Choose a savings account to fit your needs and life stage.

Open Account



Account Type

(Click on Product for more information)


Opening Deposit


Service Charge



Statement Savings $50.00


(If daily balance of $50.00 is not maintained)

A+ Savings $25.00 - Yes
Christmas Club

$5.00, $10.00, $15.00,

$20.00, $25.00, or $30.00

- No
Vacation Club

$5.00, $10.00, $15.00,

$20.00, $25.00, or $30.00

- No



SERT (Self Escrow Real Estate Tax) Club Account 

The account that pays YOU for saving for your Real Estate Taxes & Homeowner's Insurance.SERT


  • Account may be opened at any time
  • You may contribute to estimated Real Estate Taxes AND Insurance expenses
  • You may select how often you contribute either Monthly, Semi-Monthly, Bi-Weekly or Weekly
  • 12 Month club account beginning June 1 and ending May 30th (this is the fiscal year)
  • Automatically renew each year and the Transfer Management transfers will continue in the same amount and frequency, unless you tell us differently, or discontinue the account.
  • You may deposit more than contracted into your SERT Club account, with no effect on your Bonus.

Terms and Conditions:

  • The account holder must have a real estate loan at FFSB that relates to the SERT Club account
  • Your maximum Insurance contribution is limited to $2,500 annually
  • The number of annual contributions may not exceed the previous years' verifiable tax bill PLUS Insurance on the property you are saving for PLUS $1,000.
  • Automatic transfers are required from either an FFSB account or an account at another institution.
  • You must make ALL required periodic payments to receive the Bonus payment.
  • If you qualify, your Bonus payment will be credited to your FFSB account on June 1st, or mailed to you, unless you direct otherwise
  • BONUS payment amount will be set annually on June 1 of each year and will be set at 50 basis points ABOVE the Passbook Savings rated offered at FFSB on that date. This bonus rate will be applicable for one year and may be adjusted annually
  • Withdrawals are not permitted from SERT Club accounts. In an event of an emergency, approved by the bank President, the account can be closed with a charge of $15.00.


*The Bonus payment will be paid as bonus interest. To receive the bonus payment, you must:

  • Meet all periodic deposit requirements. If you miss a deposit or deposit less than contracted, you forfeit the Bonus for that 12 month period.
  • You may not withdraw any amount from the account. This is a NO-Debit account. If you withdraw an amount from this account you forfeit your bonus.
  • We will annually audit accounts to ensure real estate taxes, and if applicable, insurance premiums, are paid and kept current.
  • Failure to pay taxes and insurance may result in suspension or cancellation of this account.
  • If your account is canceled at any time by the bank, you forfeit any and all rights to a bonus.


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 below
Current Rates


Individual Retirement Accounts (IRA) 

IRA Account Couple

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.


  • 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



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Personalization Settings



First Federal Savings Bank of Mascoutah would like to personalize your banking experience. Please enter your first name below..

This level of personalization will not lead to the sale of your name or leak your identity. The information you provide will only be stored on your computer and will not be transferred to the web server.

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