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.
If you’re looking to maximize your savings by planning ahead, Certificates of Deposit (CDs) are a great option. CDs that earn a fixed interest rate for a set period of time make it easy to select the available term that matches your financial
needs and savings goal. Or you can choose a variable rate to take advantage of future rate changes.
Flexible terms ranging from 46 days to 5 years give you the ability to choose a specific maturity date that works around your schedule.
Variable CD
Fixed Rate CD
9 Months
Interest Rates Effective 5/20/2022
Revised 5/19/2022
*Annual Percentage Yield assumes principal and interest remain on deposit for term at the same interest. Interest rate and annual percentage yield may change at any time. Penalties may be imposed on early withdrawal. Fees could reduce earnings.
Features and Benefits
- $0 Monthly Service Fee
- Early withdrawal penalties apply1
- Annual statement
- Monthly/Quarterly are available by request
- Daily interest compounding
- Maximize interest-earning potential
A minimum deposit of $100 to open. Interest is compounded daily and credited to the account monthly and at maturity. Automatically renews at the current interest rate for the same term. See account disclosure or deposit rate sheet for more information.
- A penalty will be imposed for withdrawing any of the principal before maturity. The penalty will be calculated on the principal withdrawn and will be charged regardless of whether or not it has been earned. Penalty amounts vary depending upon the term of the account.
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
Other Account Options
Savings Accounts
Review the options for everyday savings, Money Market, and Certificates of Deposit (CDs).
First Rate Money Market
A tiered account with a higher interest rate on larger deposit amounts.
Checking Accounts
An account that fits you! Review the features and benefits available with our checking accounts.
First Savings Accounts
Start saving early to grow interest with our Kids Savings Club Account! No monthly service fee.
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