Business Savings

Grow your money faster with our interest-bearing Business Savings accounts. Perfect for business owners looking to earn interest on liquid funds - any business structure is eligible. Easy access to your money gives you ultimate flexibility while you build your savings.    

Explore your options to see the different features and benefits that come with each account:

    FeaturesBusiness SavingsPremium Business Savings
    Minimum Deposit$100$100,000
    Tiered interest rates with higher rates for higher balances ✓
    ATMs: Free access at more than 37,000 ATMs nationwide*✓✓
    Statements: Quarterly by default or monthly with EFT transactions
    		✓✓
    Overdraft Protection: Optional service can be linked to business checking accounts
    		✓✓
    Monthly maintenance fee$7.50 fee waived with a First Fed business checking account for the same businessNone
    Open Your AccountOpen online or in a branchOpen via live chat, phone, or in a branch

    Early closing fee of $15 if account is closed within 90 days of opening.

    *Free access at First Fed ATMs and at more than 37,000 ATMs nationwide in the MoneyPass network. $2.50 fee applies for each withdrawal not made from a First Fed or MoneyPass network ATM. 

 

Premium Business Savings

Balance Interest Rate APY* Method of Compounding Minimum Balance to Earn APY
$0 - $99,999.99 0.03% 0.03% Daily $0
$100,000 - $249,999.99 2.47% 2.50% Daily $100,000
$250,000 and above 2.96% 3.00% Daily $250,000

Interest Rates Effective: 10/25/2024

Revised: 10/24/2024

*APY is Annual Percentage Yield. Minimum deposit to open is $100,000 of new money, but can have additional funds from existing First Fed deposits. New money is described as funds not previously held on deposit at First Fed within the last 30 days. APY assumes principal and interest remain on deposit for one year at the same interest rate. Fees could reduce earnings. Interest rates for the above accounts may change after account is opened. If you close your account within 90 days of opening, you will be assessed a $15.00 early closing fee.

 

 

Business Savings

Balance Interest Rate APY* Method of Compounding Minimum Deposit to Earn APY
Any 0.03% 0.03% Daily $0

Interest Rates Effective: 10/25/2024

Revised: 10/24/2024

*APY is Annual Percentage Yield. APY assumes principal and interest remain on deposit for one year at the same interest rate. Fees could reduce earnings. Interest rates for the above accounts may change after account is opened. If you close your account within 90 days of opening, you will be assessed a $15.00 early closing fee. $100 minimum deposit to open.