Personal Banking
At First Federal Bank, we love what we do. Take a minute to find out more about our company and why we've become the largest community bank franchise in the northwest Ohio, southeast Michigan and northeast Indiana. Banking with the people you know and trust at First Federal Bank is easy and convenient. We have a variety of checking and savings options to fit all your financial needs! And don't forget to explore the time saving Partner Products listed on the left.
Your Checking Account Options
| Free Checking | Free PLUS Checking | Merit Checking | Premium Checking | |
| This checking account is ideal for you if you are looking for... | All of the conveniences of a checking account without the expense of monthly fees or check writing restrictions. | A simple checking account without minimum balances and fees AND rewards you for banking with First Federal Bank. | A checking account full of benefits, like free checks beyond the first order, specifically designed for those age 50 and better. | A checking account that allows you to earn a higher rate of interest on your money. |
| Do I receive free checks? | No. | Yes, your first standard check order. | Yes, free standard checks, even beyond your first order. | Yes, your first standard check order. |
| Will I earn interest on the money in my checking account? | No. | No. | Yes, on balances of $1,000 or more. | Yes, tiered interest rates and APYs** starting at balances of $2,500 |
| Must I maintain an average monthly minimum balance? | No. | No. | No. | Yes, $1,000. |
| Will I be charged a monthly maintenance fee? | No. | No. | No. | Yes, if your average balance falls below $1,000, you will be charged a $10 fee. |
| Am I required to have direct deposit or meet any other requirements for this account? | No. | Yes, you must have two of the following: Any type of loan, Any type of deposit account, Trust Account, Direct Deposit, Auto Pay, or be an OnLine Bill Pay user. | Yes, you must be age 50 or better.
Limit one Merit Checking Account per household. |
Yes, Direct Deposit of payroll (or recurring debit or credit if self-employed). |
| Am I eligible for Free Overdraft Privilege Protection? What is my limit? | Yes, $500. | Yes, $500. | Yes, $1,000. | Yes, $1,000. |
| What other benefits will I receive? |
Free OnLine Banking and Bill Pay* Free Debit Card Unlimited check writing Free Combined Statements and Free E-Statements |
All benefits of Free Checking, plus... $50.00 discount on fees that may apply on all future loans Bonus of .10% APY** on all future Certificates of Deposit Free paper check images returned with monthly statement |
All benefits of Free Checking, plus... 1/2 price discount on one safe deposit box applicable to any size available Free estate and investment planning 1 free non-First Federal Bank ATM transaction per statement cycle † Free paper check images returned with monthly statement |
All benefits of Free Checking, plus... 4 free non-First Federal Bank ATM transactions per statement cycle † Free paper check images returned with monthly statement Free estate and investment planning Free 3x5 safe deposit box rental for the first year (pending availability) |
Your Savings Account Options
| Statement Savings Account | Classic Money Market Account | |
| This savings plan is ideal for you if you are looking for... | A basic savings account that allows you to maintain daily access to your money, without high minimum balance requirements. | The security of FDIC insurance, maximum liquidity and the convenience of access by check so you can build your savings with peace of mind. |
| Will I earn interest on the money in my account? | Yes. | Yes, tiered interest rates & APYs* starting at balance of $1,000. |
| Must I maintain a monthly minimum balance? | Yes, $100. | No. |
| Will I be charged a monthly maintenance fee if I fall below the minimum balance? | Yes, $1 fee unless you are under 18 years of age or a college student. | No. |
| Am I required to have additional relationships with First Federal Bank for this account? | No. | No. |
| Can I receive a debit card with this account? | Yes, if this account is linked to a First Federal Bank checking account. | Yes. |
| Are there any transaction limits with this account? |
Transfers to another First Federal Bank account or third party are limited to six per statement cycle. Unlimited transactions in person at a First Federal Bank office or ATM |
You may make no more than six preauathorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account per statement cycle (Excess check usage fee of $10 per check for each check written in excess of six per statement cycle.) Unlimited transactions in person at a First Federal Bank office or ATM |
| What is the minimum to open this account? | $5.00 | $500.00 |
