Savings

The time value of money is real, and the sooner you begin the more you will save for your future!

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Savings Account Features

  • Free Access to Online and Mobile Banking
  • Competitive Rates
  • Interest Earning1
  • FDIC-Insured2

Savings Account

Our standard account will allow you to save money with confidence.

Youth Savings Account

Good saving habits begin early, so start saving today!

Christmas Club

Take the financial stress out of the holidays by making small deposits throughout the year. In November we will send you a check — including interest.

1There is no minimum balance required to earn the annual percentage yield (APY).

2Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor. IRAs are separately insured up to $250,000 by the FDIC.

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First-Time Home Buyer Savings Account

This account allows Oregon residents to save money for first-time home ownership and may reduce your Oregon tax liability. A First-Time Home Buyer Savings Account can be opened anytime between January 1, 2019 through December 31, 2026. Money deposited in the account must be used to buy a single-family home within 10 years of account opening.

A First-Time Home Buyer is defined as an Oregon Resident who hasn't purchased or owned a single-family home, either individually or jointly, in the three years prior to the date of their planned purchase of a new home in Oregon.

For more information regarding tax implications and eligible expenses, please consult the Oregon Department of Revenue's FAQ Page or Informational Flyer.

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Health Savings Account

A Health Savings Account (HSA) is a smart way to reduce your our-of pocket expenses while at the same time saving tax-free for future health care costs. It is a personal bank account that works with your medical plan by allowing you to set aside tax-free money to pay for qualified health care expenses.

You must be enrolled in a high deductible plan to be eligible. Please see your health care provider for more information.

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Daily Money Market Account

This premium account offers a higher interest rate than traditional checking accounts, allowing your bottom line to grow.

  • $1,000 Opening Deposit
  • $1,000.00 Minimum Daily Balance
  • Interest compounded daily with a tiered interest schedule that pays more for higher balances4
  • FDIC-Insured5
  • There are no limits on the amount of frequency of internal withdrawals. A total of six (6) external transfers may be made from the account per statement cycle.
  • No early withdrawal penalty

Service Fee

To avoid the $10.00 monthly service fee, maintain $1,000.00 daily balance.

Check Rates Calculators

4There is no minimum balance required to earn the annual percentage yield (APY). 

5Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor. IRAs are separately insured up to $250,000 by the FDIC.

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Personal Financing Calculators

How much car can I afford?

How long will it take to pay off my credit card?

How much do I need to save for college?

How much will my loan payments be?

Compare Savings Account Options

 Features

Savings AccountYouth Savings AccountChristmas ClubFirst-Time Home Buyer Savings AccountHealth Savings Account
Opening Deposit $25.00 $0.00 $5.00 $25.00 $0.00
Minimum Daily Balance $100.00 $0.00 $0.00 $0.00 $0.00
Service Fee $3.00/month if balance falls below minimum daily balance

Waived until age 18; Upon attaining age 18, account converts to a Savings Account

 None None $15.00 annually, charged December 30

Paper Statement Fee6

 None None None

None

 $3.00/month

Withdrawal Limits

(Temporarily Waived)

 There are no limits on the amount or frequency of internal withdrawals. A total of six (6) external transfers may be made from the account per statement cycle. There are no limits on the amount or frequency of internal withdrawals. A total of six (6) external transfers may be made from the account per statement cycle. Withdrawals are limited to one. If additional withdrawals are needed the account may be transferred to a Savings Account.

A total of six (6) external transfers may be made from the account per statement cycle. All funds withdrawn must be eligible expenses, or tax penalties may apply.

 All funds withdrawn must be eligible expenses, or tax penalties may apply.

Interest7

 Yes Yes Yes

Yes

 Yes

FDIC Insured8

 Yes Yes Yes

Yes

 Yes

6Avoid this fee by enrolling in free paperless eStatements through Online Banking. 7There is no minimum balance required to earn the annual percentage yield (APY). 8Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor. IRAs are separately insured up to $250,000 by the FDIC.

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Open a checking or savings account from First Federal and enjoy access to secure digital banking, mobile check deposit, Zelle® , card controls, and much more.

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Online Banking

With online and mobile banking, you can do just about everything you can do in a branch, without visiting the branch. Securely access your accounts 24/7, pay bills, transfer money, deposit checks, and monitor your credit score.

Learn More about Online Banking