Business Savings

Grow your money faster with our interest-bearing Business Savings accounts. Perfect for business owners looking to earn interest on liquid funds - any business structure is eligible. Easy access to your money gives you ultimate flexibility while you build your savings.    

Explore your options to see the different features and benefits that come with each account:

    FeaturesBusiness SavingsPremium Business Savings
    Minimum Deposit$100$100,000
    Tiered interest rates with higher rates for higher balances 
    ATMs: Free access at more than 37,000 ATMs nationwide*
    Statements: Quarterly by default or monthly with EFT transactions
    Overdraft Protection: Optional service can be linked to business checking accounts
    Monthly maintenance fee$7.50 fee waived with a First Fed business checking account for the same businessNone
    Open Your AccountOpen online or in a branchOpen via live chat, phone, or in a branch

    *Free access at First Fed ATMs and at more than 37,000 ATMs nationwide in the MoneyPass network. $2.50 fee applies for each withdrawal not made from a First Fed or MoneyPass network ATM. 

 

Premium Business Savings

Balance Interest Rate APY* Method of Compounding Minimum Balance to Earn APY
$0 - $99,999.99 0.03% 0.03% Daily $0
$100,000 - $249,999.99 1.98% 2.00% Daily $100,000
Over $250,000 2.47% 2.50% Daily $250,000

Interest Rates Effective: 11/18/22

Revised: 11/17/22

*APY is Annual Percentage Yield. Minimum balance to open is $100,000 of new money, but can have additional funds from existing First Fed deposits. New money is described as funds not previously held on deposit at First Fed within the last 30 days. APY assumes principal and interest remain on deposit for one year at the same interest rate. Fees could reduce earnings. Interest rates for the above accounts may change after account is opened.

 

 

Business Savings

Balance Interest Rate APY* Method of Compounding Minimum Deposit to Earn APY
Any 0.03% 0.03% Daily $0

Interest Rates Effective: 11/18/22

Revised: 11/17/22

*APY is Annual Percentage Yield. APY assumes principal and interest remain on deposit for one year at the same interest rate. Fees could reduce earnings. Interest rates for the above accounts may change after account is opened.