Personal Savings
Empower your future with smart savings.
Call or click apply now below to open an account from home. Each savings account comes with Online Banking, Mobile Banking with eDeposit1 and text/email alerts2. Contact for Rates & APY
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Qualifications
Age, occupation, and account activity requirements
Opening Deposit
Required to open account
Interest
Requirements and types of interest earned
Ways to Avoid Fees
Various ways to reduce the account monthly fee
Withdrawal Penalty
Fee incurred if funds are withdrawn early or incorrectly, for specific accounts only
Account Details
Details unique to each account
Statement Savings
Savings
Simple traditional savings account for everyday life3.
$
13
/quarter
Individuals ages 18 and older
$50
Earn interest on daily balances > $1,0008
Maintain $500 daily balance to waive the service charge
-
Traditional savings with online and mobile banking
Ages 0-244
$5
Earn interest on daily balances > $58
-
-
Student savings with online and mobile banking
Vacation & Christmas Club
Savings
Save throughout the year for your dream vacation5 or Christmas6
$
0
/month
$10 minimum automatic monthly transfer from a First Federal checking account required
$25
Earn interest on daily balances > $1,0008
-
$25 for each early withdrawal
Seasonal savings with scheduled payout dates
Maintain a First Federal Bank checking account
$50
Tiered interest based on balance. Earns interest on all daily balances8
Maintain $2,500 daily balance to waive the service charge
-
Higher-balance savings with checking integration
Certificate of Deposit
CD Savings
Short-term or long-term savings accounts with fixed rates9
$
0
/month
Terms range from 30 days to 5 years
$1,000
Higher interest rates on higher balances
-
Penalty applies if withdrawn before maturity
Compounded interest can be credited to CD or another First Federal account. Automatic renewal at the end of the term
Individuals with a qualified high-deductible health plan
-
Tiered interest based on balance
Maintain $1,000 daily balance to waive the service charge. Use e-statements or setup Direct Deposit, save $3/month
IRS penalties may apply for non-qualified expenses
-
Hear from people just like you that trust in First Federal Bank.
The best customers deserve the best
banking experience.
Scott Nunley
They are always helpful, nice, and services are great. Everyone is quick to help and resolve any issues you may have.
Deonna Willis
Lake City – Mall Branch
After 20 years with First Federal Bank, I easily leveraged our relationship to finance my new venture, Columbia Drip Bar. Their local presence, trustworthiness, and friendly service make First Federal the perfect banking partner
Michael McKinney
I was glad to support my local bank to secure an SBA loan to open Line X in Gainesville. Staying connected to the community and contributing to the local economy’s growth is important to me
1) Bill Pay and Mobile eDeposit: Online banking required. Must be 18-years-old or have a parent/guardian be on the account with a minor. Mobile eDeposit limit is $2,500 per day.
2) Text Message Alerts: Standard mobile carrier text messaging rates apply.
3) $6 charge per withdrawal over 9 per quarter including in person withdrawals.
4) Student Savers: for ages 0-24; A parent or guardian must be a signer on the account with a minor under 16 years old. At age 25, the account will convert to a Statement Savings account. $4 charge per withdrawal over 9 per quarter including in person withdrawals.
5) Vacation Club: For ages 18+; May 1 distribution date. $10 minimum automatic transfer required per month. Elite or Enhanced checking account required.
6) Christmas Club: for ages 18+; November 1 distribution date. $10 minimum automatic transfer required per month. Elite or Enhanced checking account required.
7) Cash Management: Up to 6 transfers per month allowed by telephone, preauthorized transfer or other order by the customer. $10 charge per withdrawal over 6 per month. Fees may reduce earnings.
8) The interest rate and annual percentage yield (APY) may change after account opening. The interest begins to accrue on the business day we receive credit for the deposit of non-cash items. Interest is compounded daily and credited monthly, excluding Statement Savings and Student Savers which are credited quarterly. Please see the Checking and Savings Rate Chart for additional information.
9) Certificate of Deposit (CD): 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. A penalty may be imposed for early withdrawal. You have 7 days after the maturity to withdraw funds without a penalty or account will automatically renew. See CD Rate Chart for interest rate and corresponding Annual Percentage Yield (APY) for the daily balance and term specified. Interest rate and APY will not change for the length of this account.
2) Text Message Alerts: Standard mobile carrier text messaging rates apply.
3) $6 charge per withdrawal over 9 per quarter including in person withdrawals.
4) Student Savers: for ages 0-24; A parent or guardian must be a signer on the account with a minor under 16 years old. At age 25, the account will convert to a Statement Savings account. $4 charge per withdrawal over 9 per quarter including in person withdrawals.
5) Vacation Club: For ages 18+; May 1 distribution date. $10 minimum automatic transfer required per month. Elite or Enhanced checking account required.
6) Christmas Club: for ages 18+; November 1 distribution date. $10 minimum automatic transfer required per month. Elite or Enhanced checking account required.
7) Cash Management: Up to 6 transfers per month allowed by telephone, preauthorized transfer or other order by the customer. $10 charge per withdrawal over 6 per month. Fees may reduce earnings.
8) The interest rate and annual percentage yield (APY) may change after account opening. The interest begins to accrue on the business day we receive credit for the deposit of non-cash items. Interest is compounded daily and credited monthly, excluding Statement Savings and Student Savers which are credited quarterly. Please see the Checking and Savings Rate Chart for additional information.
9) Certificate of Deposit (CD): 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. A penalty may be imposed for early withdrawal. You have 7 days after the maturity to withdraw funds without a penalty or account will automatically renew. See CD Rate Chart for interest rate and corresponding Annual Percentage Yield (APY) for the daily balance and term specified. Interest rate and APY will not change for the length of this account.
