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REWARDS SAVINGS
Supercharge Your Savings
Earn a premium 4.00% APY* on balances under $50,0001 - no monthly fees.2 Our high-yield savings account helps your money grow, while still giving you the freedom to access it whenever you need.
More Rewards for Saving - You've Earned It
Got a Rewards Checking or Cash Back Checking account? Great news - you qualify for our high-yield Rewards Savings account! Earn 4.00% APY* on balances under $50,0001 and reach your financial goals faster. And as a bonus, there are no monthly maintenance fees, so you get to keep more of your money.
Whether you're saving for a rainy day, a big purchase, or your future plans, our high-yield savings account (HYSA) helps you make the most of every dollar. Plus, with unlimited access to your funds, you can grow your savings without locking your money away.
Compare the National Average to the First Fed Rewards Savings Account.
REWARDS CHECKINGBalance Yearly Interest Earned $2,000Interest Rate |
Our checking accounts feature:
 Online BankingEasy access to all mobile deposit, Bill Pay, P2P payments, and more! |  Mobile BankingMonitor your accounts on the go with our Mobile Banking app. |
 37,000+ in-network ATMsFree nationwide access to cash withdrawals. ATM finder. |  Customer SupportWe’re here to help via live chat, over the phone at 800-800-1577, and in-person at one of our branches. |
FAQs
1How can I earn 4.00% APY* on my Rewards Savings?
As long as you have an open Rewards Checking or Cash Back Checking account, you qualify for our premium APY.
2Is there a maintenance fee on this account?
There is no monthly maintenance fee on our Rewards Savings account!
Rewards Savings
| Balance | Interest Rate | APY* | Type of Interest | Minimum to Open |
|---|---|---|---|---|
| Qualifying balances** less than $50,000 | 4.00% | 4.00% | Simple | $25 |
| Qualifying balances** >= $50,000 | 1.00% | 4.00%-3.00%*** | Simple | $25 |
| Non-Qualifying balances** | 0.05% | 0.05% | Simple | $25 |
Interest Rates Effective: 01/27/2025
Revised: 01/24/2025
Accounts closed within 90 days of opening will be assessed a $15 early closing fee.
*APY is Annual Percentage Yield. APY assumes principal and interest remain on deposit for one year at the same interest rate. Interest rates and APYs subject to change without notice. Fees could reduce earnings.
**The interest rate/APY you earn will depend on whether you meet the Premium Rate/APY Rewards Qualifications for each monthly statement cycle as outlined in your Rewards Savings Truth in Savings Disclosure. If you don’t meet the Rewards Qualifications, your entire balance will earn the non-qualifying interest rate and APY.
***The APY range assumes a sample deposit of $75,000.