Please note that products and services are only available
to residents in the local market area of First Federal.

Checking Accounts

• Small Business Checking
• Business Checking Account
• Professional Escrow Account
• Free Business Checking
• Business Checking with Interest

Savings Accounts

• Business Premier Money Market Account

Business Checking Accounts

Small Business Checking

• Designed for businesses that write up to 50 checks and deposit up to 25 items each month.
• $100 required to open account

Avoid monthly maintenance fee with:

• daily balance of $1,000
  or
• monthly average balance of $2,000

Otherwise:

• Monthly maintenance fee: $ 12
• Transaction fee (over 50 checks paid): $.20 per item

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Business Checking Account

• Designed for businesses with a higher transaction volume
• $100 required to open account

Avoid monthly maintenance fee with:

• average daily balance of $25,000 & over

Otherwise:

• Monthly maintenance fee:
  • average daily balance $ 0 - 1,999:
    $16 fee + $.12 per check paid
  • average daily balance $2,000 - 4,999:
    $12 fee + $.12 per check paid
  • average daily balance $5,000 - 9,999:
    $8 fee + $.12 per check paid
  • average daily balance $10,000 - 24,999:
    $4 fee + $.12 per check paid
  • average daily balance $25,000 & over:
    No Charge

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Professional Escrow Account

• No minimum balance required
• No transaction limitations
• Applicable fees (i.e. check order fees, returned check fees, etc) will be billed separately for this account

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Free Business Checking
(This account does not pay interest)

• You must deposit $100 to open this account.

• This account does not have a monthly maintenance fee.

• You may deposit up to 500 items each month.  A fee of $.12 will be assessed for each deposited item over 500.  You may have up to 500 checks paid each month.  A fee of $.12 will be assessed for each check paid over 500.

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Business Checking with Interest
(This account is for Sole Proprietorships and Non-Profits Only)

• You must deposit $100.00 to open this account.

• A monthly maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $3,000.00 any day of the cycle.

• You must maintain a minimum balance of $3,000.00 in the account each day to obtain the disclosed annual percentage yield.

• You may deposit up to 250 items each month.  A fee of $.20 will be assessed for each deposited item over 250.  You may have up to 250 checks paid each month.  A fee of $.20 will be assessed for each check paid over 250.

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Business Premier Money Market Account

• $100 required to open account
• Interest is paid on collected balances of $2,000 or more

Avoid a monthly maintenance fee with:

• daily balance of $2,000

Otherwise:

• Monthly maintenance fee: $ 15
• Excessive transaction fee (more than 6 withdrawals or more than 3 checks per statement cycle): $ 5

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