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 with $100, unlimited check writing, Free Photo Debit card. Free Online Banking with Bill Pay. | $500 minimum to avoid service charge. $10 Monthly Maintenance fee and $.30 per debit if balance falls below $500 |
| Prestige Checking | Open with $100, unlimited check writing, Free personalized checks, Free Photo Debit card. No Fee 3x5 Safe Deposit Box. Free Online Banking with Bill Pay. | $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 charge $15 Monthly Maintenance fee if minimums not met. |
| Heritage Checking (Age 55 or older) |
Open with $100. Free Personalized Heritage Style checks, Free Photo Debit card. Free Online Banking with Bill Pay | $5 Monthly Maintenance fee if balance falls below $100. No Monthly Maintenance fee with direct deposit. |
| Money Market Accounts* |
Open with $1,000. 6 transfer transactions electronic or check per statment period | $1,000 minimum to avoid service charge. $10 Monthly Maintenance fee and $.30 per debit if balance falls below $1,000. |
| Statement Savings | Open with $100. 2 withdrawals per month at no charge | $100 minimum to avoid service charge. $5 Monthly Maintenance fee if balance falls below $100. $1 charge for each withdrawal over 2 if balance falls below $100. |
| Certificates of Deposit |
Open with $500. Flexible terms from 91 Days to 60 Months. Option to Withdraw interest monthly. | One month's interest early withdrawal penalty on terms of 1 year or less. 3 month’s interest early withdrawal penalty on terms over 1 year. |
| IRA’s | Open with $200. Flexible terms from 91 Days to 60 Months. | Early withdrawal penalties same for Certificates of Deposit 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 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.
