

Checking accounts to maximize cash flow.
At First Federal Savings Bank, we understand that your business's success is closely tied to your banking needs. From managing daily expenses to handling incoming payments, having the right checking account is essential. That's why we offer a variety of business checking account options designed to support every stage of your financial journey.
Business Free Checking
Features
- No Minimum Balance Required
- No per item transaction fee
- Instant Issue Debit Card
- Free Online Banking with Bill Pay
- Free Mobile Banking w/Mobile Deposit Capture
- Estatements
Qualifications
- $50 Minimum Opening Deposit
- $5 Fee for Paper Statement (waived if receive Estatements)
Business Interest Checking
Features
- Tiered Interest-Bearing Account
- No per transaction fee requirement
- Instant Issue Debit Card
- Free Online Banking with Bill Pay
- Mobile Banking with Mobile Capture
- Estatements
Qualifications
- $1000 Minimum Opening Deposit
- Minimum Balance to Obtain the APY is $1,000
- $7 Monthly Service Charge (if daily balance of $1,000 is not maintained)
- $5 Fee for Paper Statements (waived if receive Estatements)
Interest Rates Tiers
- Tier 1 $1,000 to $24,999
- Tier 2 $25,000 and $49,999
- Tier 3 $50,000 and $99,999
- Tier 4 $100,000 and up
*See the account rate sheet for the interest and Annual Percentage Yield for this account.
Interest rates are set by management discretion. The interest rate and annual percentage
yield may change at any time at management’s discretion. Interest will be compounded
monthly and credited to your account at the end of each statement cycle. Interest begins
to accrue on the business day you deposit any item. We use the daily balance method to
explain how the balance on which interest calculated is computed. This method applies a
periodic rate to the principal in the account each day.
Interest rates are set by management discretion. The interest rate and annual percentage
yield may change at any time at management’s discretion. Interest will be compounded
monthly and credited to your account at the end of each statement cycle. Interest begins
to accrue on the business day you deposit any item. We use the daily balance method to
explain how the balance on which interest calculated is computed. This method applies a
periodic rate to the principal in the account each day.
** The Federal Government requires that we reserve the right to require at least seven
days written notice before any withdrawal or transfer.
days written notice before any withdrawal or transfer.
Business Money Market
Features
- Tiered Interest-Bearing Account*
- Online Banking with Bill Pay
- EStatements
- Instant Issue Debit Card
Qualifications
- $1000.00 Minimum Opening Deposit
- Minimum Balance to Obtain the APY is $1000.00
- $10.00 Monthly Service Charge (if daily balance of $1,000 is not maintained)
- $5 Fee for Paper Statements (waived if receive Estatements)
- No more than 6 pre-authorized withdrawals each statement cycle.**
(Pre Authorized withdrawals include but not limited to Checks, ACH Debits, Wires, and Internet Banking Transactions)
Interest Rate Tiers
- Tier 1 $1,000.00 to $9,999.99
- Tier 2 $10,000.00 to $49,999.99
- Tier 3 $50,000.00 to $99,999.99
- Tier 4 $100,000.00 and up
** The Federal Government requires that we reserve the right to require at least seven days written notice before any withdrawal or transfer. Overdraft fees apply to transactions created by check, in-person withdrawal, internal transfer, or other electronic means. Overdraft fees will not be imposed on ATM withdrawals or one-time debit card
items. Any items over the allowed 6 preauthorized withdrawals may be returned to the payee unpaid.