Rates

Earn more, save more. That's what it comes down to with First Federal Bank's rates on savings accounts, mortgages and loans.

See how our rates are structured to improve your financial well-being. To view our other CD specials and mortgage lending options.

 

Must be 18 years or older to open an account online.

 

Certificates of Deposit 

Product Name Minimum to Open Interest Rate/APY Apply Now 
7 Month3 $500.00 0.70 / 0.70%
11 Month3 $500.00 0.78 / 0.78%
19 Month (Excluding IRAs)7 $500.00 .83 / 0.83%
37 Month 1 $500.00 0.71 / 0.71%
48 Month2 $500.00 0.76 / 0.76%
60 Month2 $500.00 .85 / .85%

* Annual Percentage Yield

1 Annual Percentage Yield (APY) is accurate as of May 15, 2020. The certificates of deposit has a fixed rate until maturity. $500.00 minimum to open and earn the disclosed APY. APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A penalty will be imposed for early withdrawal. The accounts will automatically renew at maturity to a 36 month term and at the APY in effect at the time of renewal.

2 Annual Percentage Yield (APY) is accurate as of May 15, 2020. The certificates of deposit has a fixed rate until maturity. $500.00 minimum to open and earn the disclosed APY. APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A penalty will be imposed for early withdrawal. The accounts will automatically renew at maturity for the same term and at the APY in effect at the time of renewal.

3 Annual Percentage Yield (APY) is accurate as of May 15, 2020. The certificates of deposit has a fixed rate until maturity. $500.00 minimum to open and earn the disclosed APY. APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A penalty will be imposed for early withdrawal. The accounts will automatically renew at maturity to a 6 month term and at the APY in effect at the time of renewal.

6 Annual Percentage Yield (APY) is accurate as of May 15, 2020. The certificates of deposit has a fixed rate until maturity. $5,000.00 minimum to open and earn the disclosed APY. APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A penalty will be imposed for early withdrawal. The accounts will automatically renew at maturity to a 12 month term and at the APY in effect at the time of renewal. Available to open online only. 

7 Annual Percentage Yield (APY) is accurate as of May 15, 2020. The certificates of deposit has a fixed rate until maturity. $500.00 minimum to open and earn the disclosed APY. APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A penalty will be imposed for early withdrawal. The accounts will automatically renew at maturity to a 18 month term and at the APY in effect at the time of renewal. Available to open online only. 

Mortgage Rates

First Federal Bank can offer you a mortgage that fits your needs. To get started, simply apply for a mortgage online, or find a local mortgage rep in OH, IN or MI.

Learn more or get pre-qualified for a home loan today.

Program Name Rate Points APR Monthly Payment Term
30 Year Fixed (Conforming) 3.125% 0.00% 3.2345% 360
30 Year Fixed Construction Perm 3.625% 0.00% 3.756% 360
15 Year Fixed (Conforming) 2.625% 0.00% 2.8197% 180
30 Year Fixed Refinance 3.625% 0.00% 3.7395% 360
15 Year Fixed Refinance 3.000% 0.00% 3.1989% 180

Mortgage rates are updated daily and are based on a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual credit score. Your loan's interest rate will depend on the specific characteristics of your loan transaction and your credit profile up to the time of closing. 

The estimated monthly payments above are calculated based on the loan amount entered by you and are for principal and interest only. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater. Mortgage Insurance may be required for loans that have less than a 20% down payment, which will increase the Annual Percentage Rate (APR) and result in a higher loan payment. While actual loan terms may be different as prepaid finance charges and closing costs vary by location, the APRs listed above are based on the following assumptions: 

  • FICO score of 740
  • The purchase of a single family, primary residence 
  • Loan amount of $100,000 
  • Down payment of 25% for conforming loans
  • Points disclosed 
  • No Invester Loan Level Pricing Adjustments
  • Payment of certain customary fees at loan closing 

All loans are subject to credit approval and receipt of a property appraisal demonstrating sufficient value. Interest rates and fees are subject to change without notice. First Federal Bank offers many different mortgage products; your APR may vary depending on the product for which you apply.