Savings & Club Accounts

• $50 Minimum Opening Deposit
• Minimum Balance to Obtain the APY is $50
• $5.00 Service Charge waived if balance is $50 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. The interest rate and annual percentage yield may change at any time at management’s discretion. Interest rates are set at management 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. 

• Minimum Opening Deposit: $25.00
• 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
• Interest Bearing Account*
• Free Online Banking
• Free Mobile Banking w/Mobile Deposit Capture
• Free E-Statements

• $25 Minimum Opening Deposit, with $25 minimum balance required thereafter. If balance falls below minimum, there is a $5 monthly fee
• 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 regular statement savings account
• Account must remain open for 180 days (6 months) after opening, or there is a $20 fee to close
• $10 Fee for every withdrawal, and/or transfer, over 6 occurrences, per month*
• Paperless E-Statements required

 

*SEE THE ACCOUNT RATE SHEET FOR THE INTEREST AND ANNUAL PERCENTAGE YIELD FOR THIS ACCOUNT; 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 MONTH. 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 BEGINS TO ACCRUE ON THE BUSINESS DAY YOU DEPOSIT ANY ITEM. TERMS AND CONDITIONS ARE SUBJECT TO CHANGE. YOU MAY MAKE SIX PRE-AUTHORIZED WITHDRAWALS FROM YOUR ACCOUNT EACH STATEMENT CYCLE, PRE-AUTHORIZED WITHDRAWALS INCLUDE BUT ARE NOT LIMITED TO ATM, ACH DEBITS, WIRES, AND INTERNET BANKING TRANSACTIONS.

** 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

• Minimum Opening Deposit: $5.00, $10.00, $15.00,20.00, $25.00, or $30.00
• Accounts must be opened by the third Friday of November. Only one payment made prior to the third Friday of November will count towards weekly payments.
• $5, $10, $15, $20, $25 and $30 denominations to open account
• Make a minimum of 49 scheduled weekly payments and we will make the 50th payment paid out in October.
• Payments can be paid weekly by auto transfer or cash. You can set up biweekly payments but they must be set up for auto deposit or use automated transfers via FFSB and must be paid ahead of schedule.
• Only 1 catch up payment can be made.
• Payouts are made at the end of October by direct deposit or check
• Paperless EStatements required

* Withdrawals are not permitted from Christmas Club accounts. In the event of an emergency, approved by the bank President, the account can be closed with a charge of $15.00.

* The 50th payment will be paid as bonus interest. To receive the bonus payment, fund must be maintained in the account monthly until distribution by direct deposit or check on October 31st.

• Minimum Opening Deposit: $5.00, $10.00, $15.00, $20.00, $25.00, or $30.00
• Accounts must be opened by May 21, 2021. Only one payment made prior to May 22nd will count towards weekly payments.
• $5, $10, $15, $20, $25 and $30 denominations to open account
• Make a minimum of 49 scheduled weekly payments and we will make the 50th payment paid out in April.
• Payments can be paid weekly by auto transfer or cash. You can set up biweekly payments but they must be set up for auto deposit or use automated transfers via FFSB and must be paid ahead of schedule.
• Only 1 catch up payment can be made
• Payouts are made on April 30th by direct deposit or check
• Paperless E-Statements required

* Withdrawals are not permitted from Vacation Club accounts. In the event of an emergency, approved by the bank President, the account can be closed with a charge of $15.00.

* The 50th payment will be paid as bonus interest. To receive the bonus payment, funds must be maintained in the account monthly until distribution by direct deposit or check on April 30th.