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Statement Savings Account |
Classic Money Market Account |
| This savings plan is ideal for you if you are looking for... |
A basic savings account that allows you to maintain daily access to your money, without high minimum balance requirements. |
The security of FDIC insurance, maximum liquidity and the convenience of access by check so you can build your savings with peace of mind. |
| Will I earn interest on the money in my account? |
Yes. |
Yes, tiered interest rates & APYs* starting at balance of $1,000. |
| Must I maintain a monthly minimum balance? |
Yes, $100. |
No. |
| Will I be charged a monthly maintenance fee if I fall below the minimum balance? |
Yes, $1 fee unless you are under 18 years of age or a college student. |
No. |
| Am I required to have additional relationships with First Federal Bank for this account? |
No. |
No. |
| Can I receive a debit card with this account? |
Yes, if this account is linked to a First Federal Bank checking account. |
Yes. |
| Are there any transaction limits with this account? |
Transfers to another First Federal Bank account or third party are limited to six per statement cycle.
Unlimited transactions in person at a First Federal Bank office or ATM |
You may make no more than six preauathorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account per statement cycle (Excess check usage fee of $10 per check for each check written in excess of six per statement cycle.)
Unlimited transactions in person at a First Federal Bank office or ATM |
| What is the minimum to open this account? |
$5.00 |
$500.00 |
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