Savings Accounts

First Federal offers simple savings products to suit your savings needs - all insured by the FDIC within the FDIC limits.  ATM card access is also available.  An additional service to supplement your savings account is our free online banking to view your account activity, balances, or make transfers between your accounts.  In addition, you can get access to free online eStatements to avoid paper statements in the mail.  

The savings products offered by First Federal include Statement Savings accounts and Christmas Club accounts.

Statement Savings Account*

The Statement Savings account can be opened with only a minimum deposit of $10.00 and interest is paid on a monthly basis. 

Statement Savings interest rates are tied to a tiered schedule, determined by the balance maintained.  Refer to our current interest Rates.

Christmas Club Account*

The Christmas Club Account can be opened with only a low minimum deposit of $10.00.  Also, interest is paid with the convenient disbursement of your club funds at the end of the program.   Open a Christmas Club Account today – it's time to start saving for the holidays, shopping, a vacation, or any gift! 

A convenient way to make deposits to your Christmas Club account is to set up automatic transfers from another First Federal account.  Automatic transfers can easily be set up through online banking. 

*Regulation D limits certain types of withdrawal and transfer transactions you can make out of your savings account to a maximum combined total of six (6) during any month.  Please refer to your Account Disclosure for details. 

Certificates of Deposit

First Federal offers a variety of Certificate of Deposit products to assist you in managing your money.  The following convenient maturity terms are available:

  • 91 Days
  • 182 Days
  • 12 Months
  • 18 Months
  • 24 Months
  • 30 Months
  • 48 Months
  • 60 Months (One time rate change on 60 month term)

For maturities of less than one year:

For a minimum deposit of $500.00, interest is credited at CD maturity.  For a minimum deposit of $2,500.00, interest is credited monthly or at CD maturity.

For maturities of one year or longer:

For a minimum deposit of $500.00, interest is credited quarterly.  For a minimum deposit of $2,500.00, interest is credited monthly or quarterly.

First Federal often offers CD Specials

Please call our office at (419) 238-1463, our rate line at (419) 238-6485 or stop by our office! Our employees will be happy to help you with questions you may have.

-A penalty may be imposed for an early withdrawal on all CD products.

-FDIC insured up to the maximum amount permitted by law.  Please visit for more information about FDIC insurance coverage.




First Federal also offers FDIC insured Individual Retirement Arrangements to help you save for your future retirement years.  We would be happy to help you open up a Traditional IRA, SEP IRA, or ROTH IRA.  First Federal offers both variable rate IRAs with a minimum to open of $100, or fixed rate IRAs with a minimum to open of $2,000.00.  No annual service fees are charged.  A detailed IRA statement will be mailed annually.  For further information, or to see which IRA best meets your needs, stop in and see one of our IRA representatives.  Click on this IRS website link to visit the site for detailed IRA information.