Business Savings
Business Savings and Certificate of Deposit Options
| Account Name |
Monthly Maintenance Fee |
Minimum
Balance |
Interest
Bearing |
Statements |
Additional
Features |
Business
Statement
Savings |
$2.00, waived with minimum balance |
$100.00 |
Yes
See Rates |
Quarterly |
Learn More |
Business
Money Market Savings |
$20.00, waived with minimum balance |
$2,500.00 |
Yes
See Rates |
Monthly |
Learn More |
Certificate of
Deposit |
None |
$500.00 |
Yes
See Rates |
Based on maturity |
Learn More |
All First Federal savings accounts
include:
- FREE checking and savings combined monthly statements.
- FREE Instant Cash and Check Card (subject to
qualification).
- FREE ATM transactions at First Federal and many Instant
Cash locations.
- FREE Online Banking.
- FREE automatic transfers from your First Federal
checking account to make savings easier.
|
Business Statement Savings
An affordable basic savings plan. |
- $100.00 minimum deposit to open account.
- $2.00 monthly service fee. Fee waived with $100.00
minimum daily ledger balance.
- Competitive rates paid on daily collected balance. See
Rates.
- Earns daily interest, paid quarterly. Quarterly
statements or monthly with combined statement.
- Unlimited over the counter withdrawals.
- Six free withdrawals per month, then $2.00 each
thereafter.
- FREE checking and savings combined monthly statements.
- FREE Instant Cash and Check Card (subject to
qualification).
- FREE ATM transactions at First Federal and many Instant
Cash locations.
- FREE Online Banking.
- FREE automatic transfers from your First Federal
checking account to make savings easier.
|
Business Money Market Savings
A competitive, tiered interest rate account designed for
customers with higher balances. |
- $100.00 minimum deposit to open account.
- $20.00 monthly service fee. Fee waived with $2,500.00
minimum daily ledger balance.
- Competitive, tiered rates paid on daily collected
balance. See Rates.
- Earns daily interest, paid monthly. Monthly statements.
- Unlimited over the counter withdrawals.
- Check writing available, up to 3 checks per month.
- Six free withdrawals per month, then $2.00 each
thereafter.
- FREE checking and savings combined monthly statements.
- FREE Instant Cash and Check Card (subject to
qualification).
- FREE ATM transactions at First Federal and many Instant
Cash locations.
- FREE Online Banking.
- FREE automatic transfers from your First Federal
checking account to make savings easier.
|
Certificates of Deposit
A longer term savings option, with competitive fixed rates on
time deposits from 91 days to 60 months. |
- $500.00 minimum deposit to open a certificate account.
- Interest bearing deposit with rate based on term of certificate.
See Rates.
- Penalties apply if funds are withdrawn prior to the stated
maturity dates.
|
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