This is the perfect savings account for young children to enjoy watching their savings grow while they learn some basic lessons about using money wisely.
Start Saving Here
- Earn interest at a competitive rate
- No minimum balance or maintenance fee
- Unlimited transactions at First Federal Bank's branches and ATMs
- Free piggy bank and membership card at account opening
- Special surprise for child's birthday
- Account converts to Statement Savings at the age of 18
Requirements & Fees
- Open with a $5 minimum deposit
- Limit six electronic transactions per statement cycle1
Which Account Fits You
| Relationship Savings
| Statement Savings
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| Classic Money Market
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| Earn E. Eagle Savings
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| Interest Paid | Yes | Yes | Yes, tiered interest rates and APYs* | Yes |
| Minimum Balance | No | $300 | No | No |
| Monthly Service Fees: | No | $3.00** | No | No |
| Requires Additional First Federal Bank Relationships | Yes | No | No | No |
| Debit Card | Yes, if it is linked to First Federal Bank Checking Account | Yes, if it is linked to First Federal Bank Checking Account | No | No |
| Transaction Limits | 6 transfers per statement cycle | 6 transfers per statement cycle | 6 transfers per statement cycle | 6 transfers per statement cycle |
| Minimum to Open Account | $50 | $5 | $500 | $5 |
*APY=Annual Percentage Yield.
**Monthly fee charged according to statement cycle.
Disclosures
1 Transfers from a Earn E. Eagle Savings Account to another account or to third parties by pre-authorized automatic, telephone or computer transfers are limited to six (6) per statement cycle with no transfers by check, debit card, or similar order to third parties. A fee of $10.00 will be charged for each electronic transaction in excess of 6 per statement cycle.