Statement Savings


Set aside savings to give yourself peace of mind. Having extra cash on hand helps you take care of unexpected expenses without resorting to credit.

This account makes it easy! You’ll earn competitive interest on your entire balance, and you can even automate savings with direct deposit. Plus free convenient services like mobile and online banking let you manage your finances on your timeline. 

  • 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*
  • Free online banking
  • Free mobile banking
  • Free e-Statements
  • Free telephone banking
  • Direct deposit available

*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.