Checking accounts for day-to-day banking and beyond.
At First Federal Savings Bank, we believe that exceptional service is the cornerstone of a successful banking experience. Our commitment to understanding and meeting the unique needs of each customer sets us apart. We take the time to get to know you, ensuring that we can provide tailored solutions that fit your lifestyle and budget.
Free Checking
Features
- Unlimited transactions*.
- Free MasterCard ATM/Debit Card.
- Free Online Banking with Bill Pay.
- Free Mobile Banking w/Mobile Deposit Capture.
- Free eStatements.
Qualifications
- $50 Minimum Opening Deposit.
A+ Checking (Student Checking)
Features
- Receive $2 for every “A” on your report card at the end of every semester (up to a max of 5 A’s/semester). ** Money to be deposited into your account.
- Payouts are made twice/year. $2/”A” paid at the end of 1st semester if 1st semester’s report card submitted no later than Jan. 31st; and again for A’s on 2nd semester report cards if 2nd semester report card submitted no later than June 30th.
- $2 for every “A” based on a letter grade system of A, B, C, D, F. No substitute grading system, or equivalent letter grade, will be accepted.
- Free gift at account opening.
- Free Online Banking.
- Free Mobile Banking w/Mobile Deposit Capture.
- Free E-Statements.
- Free Debit Card.
Qualifications
- $25 Minimum Opening Deposit.
- Students First Grade through College are eligible for enrollment.
- Adult Joint Account Holder Required if under the age of 18 years old.
- Student must present report card in person, to receive credit. No texts, emails, faxes, etc.
- Upon college graduation, or the student’s 25th birthday, whichever occurs first, the account converts to a Free Checking account.
- Account must remain open for 180 days (6 months) after opening, or there is a $20 fee to close.
- Paperless e-Statements required.
*Terms and conditions are subject to change.
** Semesters may include 2 quarters if the student receives quarterly report cards. 1st Semester includes the first two quarters, to be paid out no later than January 31. 2nd Semester includes the final two quarters to be paid out no later than June 30th. You may aggregate “A’s”, but are limited to 5 per semester, i.e. if you receive 3 A’s in first quarter, and 4 A’s in second quarter, you may combine, but you will only be rewarded for a max of 5 As. The $2/ “A” will be paid as bonus interest.
Premier Checking
Features
- Interest Bearing Account.
- Free MasterCard ATM/Debit Card.
- Free Online Banking with Bill Pay.
- Free Mobile Banking w/Mobile Deposit Capture.
- Free e-Statements.
Qualifications
- $500 Minimum Opening Deposit.
- Minimum Balance to Obtain the APY is $500.
- $10 Service Charge waived if balance is $500 and up.
- Tiered Interest Rates.
- Tier 1 $500 to $49,999.
- Tier 2 $50,000 and up.
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.
Platinum Checking
Features
- Interest Bearing Account.
- Free MasterCard ATM/Debit Card.
- Free Online Banking with Bill Pay.
- Free Mobile Banking w/Mobile Deposit Capture.
- Free E Statements.
- One Free Official Check a Month.
- One Free Stop Pay a Month.
- First Box of Checks Free.
Qualifications
- $5000 Minimum Opening Deposit.
- Minimum Balance to Obtain the APY is $5,000.
- $15 Service Charge waived if balance is $5,000 and up.
- Tiered Interest Rates.
- Tier 1 $5,000 to $49,999.
- Tier 2 $50,000 and up.
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.
Money Market
Features
- Interest Bearing Account.
- Free Online Banking with Bill Pay.
- Free Mobile Banking w/Mobile Deposit Capture.
- Free e-Statements.
- Free MasterCard Debit/ATM card.
Qualifications
- $1000.00 Minimum Opening Deposit.
- Minimum Balance to Obtain the APY is $1000.00.
- $10.00 Service Charge waived if balance is $1,000.00 and up.
- Tiered Interest Rates*.
- 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.
- 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)
*See the account rate sheet for the interest and Annual Percentage Yield for this account. Interest rates are set at 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. 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.