Personal Accounts
First Federal Savings Bank offers a wide variety of savings and checking accounts for its customers. Some of these accounts are:| Account | Benefits | Minimums & Fees |
| NOW Checking | Open w/$200, unlimited check writing, free standard wallet checks, debit card | $500 min. to avoid service chg. $4 fee and $.30 per check if balance falls below $500 |
| Prestige Checking | Open w/$100, unlimited check writing, free personalized checks. No Fee 3x5 Safe Deposit Box. | $10,000 in a CD or Money Market, $5,000 in a Savings Account, $10,000 or more in a Loan or Equity Line to avoid service chg. $12 monthly fee if minimums not met. |
| Heritage Checking (Age 55 or older) |
Open w/$100. Free Personalized Heritage Style checks. | $2 monthly fee if balance falls below $100. No monthly fee with direct deposit. |
| Money Market Accounts* |
Open w/$1,000. 6 transfer Transactions; 3 by check | $500 min. to avoid service chg. $4 fee and $.30 per check if balance falls below $1,000 |
| Statement Savings | Open w/$100. 2 withdrawals per month at no charge | $100 min. to avoid service chg. $3 ser chg below min. $1 chg for >2 withdrawals if bal. < $1,000 |
| Certificates of Deposit |
Open w/$500. Flexible terms from 91 Days to 60 Months. Option to Withdraw interest monthly. |
Early withdrawal penalties CD’s 1 yr or less, 1 month’s interest CD’s > 1 yr, 3 month’s interest |
| IRA’s | Open w/$200. Flexible terms from 91 Days to 60 Months. |
Early withdrawal penalties same for CD’s if owner is less than 59 ½ years of age |
*Federal regulations require that transfers from a Money Market Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per monthly statement cycle with no more than three by check, debit card or similar order to third parties.
Please visit one of our convenient locations in Lincolnton, Boger City or Denver and discuss these and other services with our experienced customer service representatives.
