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:
  • $1,000 for terms less than one year
  • $500 for terms of one year and longer
• Choice of term (7 days through 7 years)
• 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