It’s never too early to learn the importance of saving money. This free account earns competitive interest and comes with convenient services like mobile and online banking. So your kids can see how much they’ve saved — and how much interest they’ve earned — anytime they like.
Show your kids it’s fun to save. Make it a game, and set them up to win for the rest of their lives.
*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.