Savings

Business Savings

Details

This straightforward savings account can help put your business in a position to take advantage of opportunities when they arise. Receive a competitive rate and access to your funds when needed.

Online banking and bill pay allows you to manage your funds easily 24/7. And of course, you get the dedicated service of First Federal — a local institution just like you. 

  • Simplified saving solution
  • Competitive interest on entire balance
  • Avoid the $5 quarterly service fee by maintaining a $100 minimum daily average balance
  • Limit of 6 preauthorized debits*
  • Online banking
  • Free e-Statements
  • Free telephone banking

*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.