Savings

Business Money Market

Details

Maximize your earning potential with a savings account that does more for your business. Our money market account provides tiered interest, so higher balances earn higher rates.

No need to lock up cash assets in CDs to enjoy high rates. In fact, access is enhanced with direct check writing. Have the best of both worlds — interest and liquidity — with this versatile account.

  • Competitive, tiered rates
  • Higher balances earn higher rates
  • Enjoy flexibility with enhanced access to funds
  • Direct check-writing ability
  • Limit of 6 preauthorized debits*
  • $8 service charge with a $1,000 average deposit balance OR a $10,000 loan balance with First Federal.
  • Online banking
  • Free e-Statements 

*You may make an unlimited number of deposits to your account by any method (in person, direct deposit, automatic transfers, telephone and internet banking transfers, etc.)

You may also make an unlimited number of transfers to a First Federal loan or withdrawals which are made in person, by mail, or by ATM are permitted.

Preauthorized debits are restricted to six (6) preauthorized debits per month. Preauthorized debits include ACH debits, overdraft sweep transfers, telephone and internet banking transfers, automatic transfer to another First Federal deposit account, check, debit card, or similar order payable to third parties. Additional transactions will incur a $10 transaction fee. Exceeding transaction limits may result in the account being converted to a checking account. Contact a customer service representative for additional information regarding allowed or restricted transactions.