Savings

First Federal Savings Bank offers a wide variety of accounts specifically designed to meet your financial needs. Our FDIC-insured accounts will get you on the way to reaching your financial goals.

Statement/Passbook Savings

These accounts are ideal for you if you are taking your first steps toward building a savings nest egg. With their low deposit requirements, these accounts make it easy to start and stick with a regular savings plan. For your convenience, we can set up automatic transfers from your checking account to make saving even easier.

• Minimum of $25 to open account
• No fee for First Federal Savings Bank ATM transactions (Statement Savings only)
• Withdrawal limitations apply
• Quarterly image statement provided (Statement Savings only)
• Account will be automatically closed if balance remains $0.00 for 90 consecutive days

Tax & Insurance Reserve

This account works just like our traditional Satement Savings account and, for your convenience, allows you to set money aside for your property taxes and homeowner's insurance. It provides a simple and organized way for you to save money.

• Minimum deposit of $100 to open account
• Withdrawal limitations apply
• Quarterly image statement provided
• Account will be automatically closed if balance remains $0.00 for 90 consecutive days

IRA Statement Savings

Start building your retirement today! You can have automatic payroll deductions or automatic transfer amounts as little as $5 sent directly to an IRA Statement Savings Account. The IRA Statement Savings Account gives you the flexibility of reoccurring deposits while you earn interest. You'll never miss a few extra dollars right now, but you'll certainly reap the rewards in the future.

• Minimum deposit of $100 to open account (accounts established through an electronic payment can be opened with $5.00)
• Annual IRA Statement provided
• Withdrawal limitations apply

Christmas Clubs

First Federal offers accounts to help you save for the holidays. These club accounts earn competitive rates similar to our savings and your funds are distributed to you in October (Christmas Club). Payroll deduction is a quick and easy way to build your balance.

• Minimum deposit of $25 to open account
• $10 fee if balance does not reach $1000
• Account will be automatically closed if balance remains $0.00 for 90 consecutive days
• Withdrawal limitations apply

Children's Savings Club

Our Moola Moola club is for children thirteen (13) years old and under and is a great way to teach kids about the importance of saving. For birthdays, Christmas or any occasion, a club membership is a wonderful gift from mom and dads, grandmas and grandpas, and aunts and uncles, too.

• No minimum deposit and no fees
• Converts to a Statement Savings account at age 14
• Free Kids Zone games