Personal Savings

An interest bearing account which enables the customer to earn a competitive rate of interest and still maintain fast, convenient access to funds.

Account Features:

Internet Banking and AIMEE telebank services available at no charge. Savings account access via ATM with First Federal checking account.

Rate Information:

Interest rate and annual percentage yield (APY) will depend upon the daily balance in the account as shown on the Rate Chart. Interest rate and APY subject to change. We may change the interest rate weekly. Interest begins to accrue on the business day we receive credit for the deposit of noncash items (ex: checks). Interest will be compounded daily and will be credited to the account quarterly.

Balance Information:

We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed APY.

Limitations:

$50 minimum opening deposit. Transfers from a Savings account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per monthly statement cycle with no transfers by check, draft or similar order to third parties. Unlimited withdrawals in person.

Account Fees:

Quarterly service charge of $13.00 if the daily balance falls below $500.00 on any day of the cycle. Quarterly service charge waived upon request with an automatic transfer of $10.00 or more per month from a First Federal account. Maximum of nine free withdrawals per quarter; $5.00 per withdrawal over nine. Account will earn no interest on any day that the balance falls below $1,000.00. See Miscellaneous Fees and Charges* for schedule of fees associated with specific services.

*Miscellaneous Fees and Charges

Money Market

An interest bearing account that earns higher yields with higher balances.

Account Features:

Internet Banking and AIMEE telebank services available at no charge. Check images returned in statement at no charge. Free personalized checks, deposit and withdrawal tickets.

Rate Information:

Balance Information:

We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $5,000.00 in the account each day to obtain the disclosed APY.

Limitations:

$50 minimum opening deposit. Transfers from a Money Market account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per monthly statement cycle with no more than three by check, draft or similar order to third parties. $10.00 per transaction charge, if transaction limitations are exceeded. Unlimited withdrawals in person. ATM transactions are not allowed for this account.

Account Fees:

Monthly service charge of $14.00 imposed every statement cycle when the daily balance falls below $2,500.00 on any day of the cycle. $3.00 discount on monthly service charge with e-Statement. $4.00 per transaction charge for each check written over three per month. Account will earn no interest on any day that the balance falls below $5,000.00. See Miscellaneous Fees and Charges* for schedule of fees associated with specific services.

*Miscellaneous Fees and Charges

Cash Management

An interest bearing account for individuals with large balances.

Account Features:

Internet Banking and AIMEE telebank services available at no charge. Check images returned in statement at no charge. Free personalized checks, deposit and withdrawal tickets.

Rate Information:

Balance Information:

We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $5,000.00 in the account each day to obtain the disclosed APY.

Limitations:

You must deposit $25,000.00 and maintain a Prestige account with electronic debit or credit to open this account. Transfers from a Cash Management account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per monthly statement cycle with no more than three by check, draft or similar order to third parties. $10.00 per transaction charge, if transaction limitations are exceeded. Unlimited withdrawals in person. ATM transactions are not allowed for this account.

Account Fees:

Monthly service charge of $14.00 imposed every statement cycle when the daily balance falls below $2,500.00 on any day of the cycle. $3.00 discount on monthly service charge with e-Statement. $4.00 per transaction charge for each check written over three per month. Account will earn reduced rates for balances below $25,000.00, and will earn no interest on any day that the balance falls below $5,000.00. See Miscellaneous Fees and Charges* for schedule of fees associated with specific services.

*Miscellaneous Fees and Charges

Premium Cash Management

An interest bearing account for individuals with even larger balances.

Account Features:

Internet Banking and AIMEE telebank services available at no charge. Check images returned in statement at no charge. Free personalized checks, deposit and withdrawal tickets. Available to individuals only.

Rate Information:

Balance Information:

We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $5,000.00 in the account each day to obtain the disclosed APY.

Limitations:

You must deposit $50,000.00 and maintain a Prestige, Investor Access, or Senior Member accoun with electronic debit or credit to open this account. Transfers from a Premium Cash Management account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per monthly statement cycle with no more than three by check, draft or similar order to third parties. $10.00 per transaction charge, if transaction limitations are exceeded. Unlimited withdrawals in person. ATM transactions are not allowed for this account.

Account Fees:

Monthly service charge of $14.00 imposed every statement cycle when the daily balance falls below $2,500.00 on any day of the cycle. $3.00 discount on monthly service charge with e-Statement. $4.00 per transaction charge for each check written over three per month. Account will earn reduced rates for balances below $50,000.00, and will earn no interest on any day that the balance falls below $5,000.00. See Miscellaneous Fees and Charges* for schedule of fees associated with specific services.

*Miscellaneous Fees and Charges

Certificates of Deposit (CDs)

First Federal offers a wide range of CD products with flexible terms and competitive rates.

Rate Information:

Your account is an interest bearing account. See Certificate of Deposit Rate Chart for interest rate and corresponding annual percentage yield for the daily balance and term specified. The interest rate and annual percentage yield will not change for the term of this account. Interest begins to accrue on the business day you deposit cash or noncash items (for example, checks). Interest will be compounded and credited monthly for accounts having a term of 30 days. For accounts having a term of 91 days, interest will be compounded quarterly and credited at maturity. For account terms of greater than 91 days, interest will be compounded and credited quarterly. Interest will be credited to your certificate of deposit account, or at your request, interest may be recredited to another account designated by you.

Balance Information:

We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. The disclosed annual percentage yield assumes interest will compound and remain on deposit until maturity.

Limitations:

You must deposit $1,000.00 ($10,000.00 for 9 month CD) to open this account. You may not make additional deposits into this account.

Time Account Information:

Your account will automatically renew at maturity. You will have 7 DAYS after the maturity date to withdraw funds without penalty. If you withdraw any of the principal from your account before the maturity date, we may impose a penalty, as follows: For 30 day term: The greatest of 1) all of the interest on the amount withdrawn from the most recent date of deposit or last renewal, 2) all the interest that could have been earned on the amount withdrawn during a period equal to one-half of the maturity period, or 3) seven days interest on the amount withdrawn. For terms greater than 30 days: An amount equal to the interest earned, or that could have been earned, on the amount withdrawn at the nominal (simple interest) rate in effect on the deposit, during a period equal to one-half of the remaining term of the deposit, regardless of the length of time the funds withdrawn have remained on deposit.

Exceptions:

We may let you withdraw money from your account before the maturity date without an early withdrawal penalty: 1) when one or more of you dies or is determined legally incompetent by a court or other administrative body of competent jurisdiction; or 2) when the account is an Individual Retirement Account (IRA) established in accordance with 26 USC 408 and the money is paid within seven (7) days after the account is opened; or 3) when the account is a Keogh Plan (Keogh), if you forfeit at least the interest earned on the withdrawn funds; or 4) if the account is an IRA or Keogh Plan established pursuant to 26 USC 408 or 26 USC 401, when you reach age 59 1/2 or become disabled.

*Miscellaneous Fees and Charges

Student Savers

An interest bearing account which is designed to encourage a regular savings program for preschool to high school age children.

Account Features:

Online Banking and AIMEE telebank services available at no charge.

Rate Information:

Interest rate and annual percentage yield (APY) will depend upon the daily balance in the account as shown on the Rate Chart. Interest rate and APY subject to change. We may change the interest rate on the account weekly. Interest begins to accrue on the business day we receive credit for the deposit of noncash items (ex: checks). Interest will be compounded daily and will be credited to the account quarterly.

Balance Information:

The daily balance method is used to calculate interest on the account. A daily periodic rate is applied to the principal each day. You must maintain a minimum balance of $5.00 in the account each day to obtain the disclosed APY.

Limitations:

You must deposit $5.00 to open this account. Transfers from a Savings account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per monthly statement cycle with no transfers by check, draft or similar order to third parties. Unlimited withdrawals in person. ATM transactions are not allowed for this account.

Account Fees:

Maximum of three free withdrawals per month; $2.00 per withdrawal over three. Account will earn no interst on any day the balance falls below $5.00. See Miscellaneous Fees and Charges* for schedule of fees associated with specific services.

*Miscellaneous Fees and Charges