Scam Alert: If you receive a text claiming to be from First Federal that you weren’t expecting or doesn’t match the alerts you’ve set up, do not click any links, instead log in to Online or Mobile Banking to verify transactions or call us at 888-317-8333, as unexpected messages could be fraudulent.

FDIC Digital Sign, using the official FDIC wordmark. This digital sign indicates the deposit institution is backed by the full faith and credit of the US government.
First Federal Savings and Loan
Chat with us
Chat Hours

Mon - Thurs: 8:30 AM - 5:00 PM
Friday: 8:30 AM - 6:00 PM

Questions?

Take a look through some frequently asked questions.

View FAQs

Simplified Employee Pension (SEP) IRA

With a SEP IRA, you and your employees can make saving for retirement a priority.

Compare SEP IRA Plans

A Simplified Employee Pension (SEP) Plan benefits is a tax-deferred retirement plan for anyone who is self-employed, owns a business, or employs others. A First Federal SEP is FDIC-Insured and subject to certain limits:

Comparison table of SEP IRA plans
 

18 Month

2½ Years

5 Years

Opening Balance

$100

$100

$100

Fixed Rate

 Yes Yes Yes

Additional Deposits

 Yes No No

Withdrawals

Penalty-free after age 59½

Penalty-free after age 59½

Penalty-free after age 59½

Interest Rate Upgrade

 No

If over age 59½, you can upgrade the interest rate every 18 months on 2½ or 5 year IRAs. Contributions are also accepted at that time.

If over age 59½, you can upgrade the interest rate every 18 months on 2½ or 5 year IRAs. Contributions are also accepted at that time.

Check Rates

Find a Local Branch

Visit Us

Senior couple walking on a beach

Retirement Accounts

Investing for retirement requires planning and long-term commitment. Our retirement account options are designed to help you achieve your investment goals.

Explore Retirement Accounts

Top
Some content requires Adobe Acrobat Reader to view.