Savings & Money Market

 

A First Federal savings account is a great way to plan for your future. Take a look at our options and see which one is right for you.


Savings Accounts

 

Regular Savings 4

With a Regular Savings account from First Federal, you can save and earn interest while you do it.


Savings Plus 4

Our tiered interest rates can reward you more when you carry higher balances, and with no monthly service charge, you can watch your savings grow.


Kids Ca$h!® Savings 4

Our Kids Ca$h! Savings account is designed to help kids get started with the healthy financial habit of saving. First Federal will contribute $5 toward the $10 minimum opening deposit, making it easy and rewarding for them to get started. 

 

Money Market Accounts


MMDA Plus1, 4

Put your savings to work for you with an MMDA Plus account from First Federal. While earning tiered interest like our Savings Plus account, our MMDA Plus also gives you the ability to write checks directly from your account and a debit card is available.


Features


Regular


Kids Ca$h!


Plus


MMDA Plus1

 


FREE ATM Card


Yes


Yes


Yes


Yes, Debit Card


Check Writing


No


No


No


Yes


Minimum Opening Deposit


$10


$10


$1,000


$1,000


Interest


Yes


Yes


Yes - Tiered


Yes - Tiered


Minimum Balance


No


No 


No

No

Monthly Service Charge


No


No


No


No

Tax Advantage Savings Accounts


Idaho Medical Savings Account ($100 minimum to open) 2, 3, 4

With an Idaho Medical Savings Account from First Federal, you can save money towards qualifying medical expenses, and earn interest at the same time. These accounts can also have certain tax benefits associated with them, and have no monthly service charge if minimum balances are met.


Health Savings Account ($100 minimum to open) 2, 4

If you’re covered by a High Deductible Health Plan, you may be eligible for a First Federal Health Savings Account. These accounts let you save money towards qualifying medical expenses, allow you to write checks, and offer great tax benefits. Add tiered interest earnings on your savings, along with no monthly service charge and a debit card, and our Health Savings Account is a great fit.

 

Idaho's First-Time Home Buyer Savings Account ($100 minimum to open)2, 4, 5

An Idaho First-Time Home Buyer Savings Account allows you to save for down payment and closing costs, if you qualify for
a first-time home purchase, while reducing the amount of Idaho income tax you owe.  Earn interest and possibly save on your taxes.* ... learn more

 


Features


Medical Savings2,3,4


Health Savings2, 4


Home Buyer Savings Account2,4,5


FREE Debit/ATM Card


Yes


Yes


No 


Check Writing


Yes 


Yes


No


Minimum Opening Deposit


$100


$100 


$100


Interest


Yes


Yes - Tiered


Yes - Tiered


Monthly Service Charge


Yes3

No 


No 


Minimum Balance


$100


No 


No 


1 Online, preauthorized, automatic and telephone transfers and transactions by check, debit card or similar order payable to third parties from your MMDA are limited to six (6) per statement cycle. Withdrawals made in person, either at the teller window or through an ATM, and automatic transfers made from your MMDA to credit a First Federal loan do not count toward this transaction limit. A fee of $10.00 will be charged for each transactions in excess of this limit. 

2 Tax implications of these savings products can vary depending on your individual tax situation. Please consult a tax professional for specifics on how these products will impact your tax liability.

3 Must maintain $100 minimum daily balance to avoid $3 monthly service charge.

4 You must maintain an average daily balance of $5 to earn APY.

5 Account must be established by the first-time home buyer. If the funds are used for any other purpose than mortgage down-payment or closing costs, the regular tax that would have been due under the income tax code will apply. Consult your tax advisor.

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