SUMMIT SAVINGS

Save with flexibility. Enjoy easy access to your money.

Summit Savings helps you grow your money while keeping it accessible. Earn interest automatically, access your funds anytime, and manage your account with everyday tools—all without limits on how often you save or withdraw. It’s a straightforward savings account designed for real life.

Open Summit Savings

 

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Built for everyday saving

Why you’ll love Summit Savings

Access your money anytime
Unlimited ATM transactions and 24-hour access to cash.

Flexible withdrawals
Unlimited deposits and withdrawals, including pre-authorized transfers, in-person, or by mail.

Earn interest automatically
Interest compounds daily—so your balance can keep growing.

Save on ATM fees
Fees are waived on First Fed ATMs and at 37,000+ MoneyPass network ATMs.

Optional overdraft support
Overdraft Protection is available for a linked checking account.

 

Summit Savings at a glance

Minimum Deposit to Open

$100

Monthly Maintenance Fee1

$5

(waived with a $100 minimum daily balance) 

For Minors

Open with $1 and no monthly maintenance fee 

ATM withdrawals (non–First Fed)2

$2.50 per withdrawal

(waived at MoneyPass ATMs)

Early account closing fee

$15 if closed within 90 days of opening  

 

Ready to get started?

Open your Summit Savings account online or connect with our team for account disclosures or help choosing the savings option that’s right for you.

Open Online

 

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

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

Summit Savings

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Account Type Interest Rate APY* Method of Compounding Minimum Deposit to Open
Summit Savings 0.03% 0.03% Daily $100

Interest Rates Effective: 12/12/2025

Revised: 12/11/2025

NOTE: Annual Percentage Yield (APY) is based on a balance of $100.00.

*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. No minimum balance to earn APY.