First Savings

First $9.90 is on us this holiday season!

Give your child the gift of good savings habits. Through December 31, we are crediting each new First Savings account with $9.90 in honor of First Fed’s 99 years in the PNW.

Promotion details: First Savings accounts are for children under 13. The $9.90 credit offer applies to new First Savings accounts that can be opened for each child (one per SSN / tax ID number). Offer can be used for multiple children under 13 in a household. Please allow 2 business days (Monday through Friday) for processing the credit. Promotion available October 31, 2022 to December 31, 2022.

First Savings is a savings account designed for children 12 and under. Open with as little as $1 and help teach the young person in your life that even small savings, over time, can add up! Help build healthy money habits and set savings goals for your young saver with a First Fed First Savings Account.

Features and Benefits

  • $0 monthly maintenance fee equals no cost for young savers
  • Quarterly Statements (Monthly if transactions have occurred)
  • Exclusive club membership for children 12 years or younger encourages saving
  • Maximum interest-earning potential with interest compounding daily

A minimum deposit of $1 to open. This is a variable interest rate account. This account will be changed to a Summit Savings Account when account holder turns 13 years old. See account disclosure or deposit rate sheet for more information.

Open Online

Consider other savings tools and tips for young savers and their families:

Education Savings Account (ESA)

Plan for future expenses early, and help pay for qualified education expenses.

Health Savings Account (HSA)

Achieve tax free earnings on your account and use your HSA to pay for qualified healthcare expenses.

Checking Accounts, With Perks

Including great benefits like Roadside Assistance, Cell Phone, Fraud Protection, and more!

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