Certificates of Deposit (CDs)
Interest rates are rising – and that’s good news for your savings. Maximize your deposit earnings with our current CD specials.
1.75% APY*
for 13 months
Earn 1.75% APY on a 13-month certificate of deposit (CD). Offer applies to new money* only with a $10,000 minimum deposit. A new money requirement is applied to all funds deposited in the account.
Interest rate effective 7/22/2022.
*New money is described as funds not previously held on deposit at First Fed within the last 30 days. APY is Annual Percentage Yield. Penalties may be imposed on early withdrawal.
2.00% APY*
for 30 months + rate bump
Start with a higher rate now and bump up in the future if rates continue to rise. Our 30-month CD special allows you to start earning at 2.00% APY and if rates go up, you can increase your rate once during the 30-month time period. Offer requires $25,000 minimum opening deposit of new money* but could include additional funds of existing First Fed deposits.
Interest rate effective 7/22/2022.
*New money is described as funds not previously held on deposit at First Fed within the last 30 days. APY is Annual Percentage Yield. Penalties may be imposed on early withdrawal.
Certificates of Deposit (CDs) are a great option for businesses looking to plan ahead by earning a fixed interest rate for a set period of time. Or choose a variable rate to take advantage of future rate changes.
CD Specials
| Term | Rate | APY | Minimum to Open | Notes |
|---|---|---|---|---|
| 13 months | 1.73% | 1.75% | $10,000 | New money* required for all funds deposited in the account. |
| 30 months with a rate bump | 1.98% | 2.00% | $25,000 | At least $25,000 of new money* but funds over $25,000 can come from existing First Fed accounts. You can request a one-time rate bump on your CD to the current 30-month rate at the time of the bump. |
Interest Rates Effective: 07/22/2022
Revised: 07/21/2022
Variable Rate CD
Apply Now| Account Type | Interest Rate | APY* | Method of Compounding | Minimum Deposit to Earn APY |
|---|---|---|---|---|
| 9 Months | 0.10% | 0.10% | Daily | $25.00 |
Interest Rates Effective: 07/22/2022
Revised: 07/21/2022
Fixed Rate CDs
Apply Now| Term | Interest $100 to $9,999 | APY | Interest $10,000 to $49,999 | APY | Interest $50,000 to $99,000 | APY | $100,000 and above | APY |
|---|---|---|---|---|---|---|---|---|
| 46 Days | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| 3 Months | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| 6 Months | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
| 1 Year | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
| 2 Years | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% |
| 3 Years | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 4 Years | 1.24% | 1.25% | 1.24% | 1.25% | 1.24% | 1.25% | 1.24% | 1.25% |
| 5 Years | 1.29% | 1.30% | 1.29% | 1.30% | 1.29% | 1.30% | 1.29% | 1.30% |
Interest Rates Effective: 07/22/2022
Revised: 07/21/2022
Annual Percentage Yield assumes principal and interest remain on deposit for term at the same interest rate. Penalties may be imposed on early withdrawal. Fees could reduce earnings. Interest compounds daily.
*APY assumes funds remain on deposit for 1 year.