Certificates of Deposit

First Federal Bank offers a variety of terms with competitive rates for our certificates of deposit. You get a fixed rate of return that is guaranteed for the term of your certificate. Generally, the longer the term, the higher the yield.


Certificates of Deposit

  • Minimum opening deposit of:Choice of term (7 days through 7 years)
    • $1,000 for terms less than one year
    • $500 for terms of one year and longer
  • Monthly interest compounding for terms of one year and longer
  • Monthly interest payout options on anniversary date
  • Automatically renewable
  • "Step Up Rate" feature available
  • Penalties assessed on early withdrawals

 

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