Description:

A basic personal savings account with no deposit or withdrawal limits.

Target Market:

Customers seeking a basic savings account with no transaction restrictions.

Fees:

Monthly maintenance fee of $5 if balance drops below $100 at any time. If the balance at the time the service charge is assessed is less than $5, a charge will be assessed for the balance, less .01.

A fee of $2.50 will be charged for each withdrawal from an ATM not owned or operated by First Federal. Fees will be waived if the ATM is part of the MoneyPass network.

Statement:

Monthly/Quarterly

ATM Access:

Yes

Details:

Minimum deposit of $100 to open. This is a variable interest rate account. See account disclosure or deposit rate sheet for more information.

Unlimited pre-authorized transactions or transactions in person or by mail

Easy access to funds with no penalty

Unlimited ATM transactions

24-hour access to cash

Overdraft Protection for checking account

Spending flexibility with less hassle

Interest compounds daily

Maximum interest earning potential