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First Federal Savings offers
a variety of checking accounts options:
"Check out the one that's right
for you."
Free
Checking Account: Our Free Checking Account is the perfect choice for
those who want a simple, worry-free checking account.
NOW
Checking Account: Now you can have unlimited check writing while earning
a competitive interest rate.
Community
Club Checking Account: If you're over 50 years of age this account
is for you. FREE Community Club checks, special bank privileges and, earn interest.
Insured
Money Market Fund Checking Account: Earn a higher rate of interest
on balances of $2,500.00 or more. Great for those who write a limited
amount of checks each month.
Commercial
Checking Account: We appreciate the value of the small business owner
to our local communities. That's why we've designed an efficient
and economical checking account for small businesses.
Free
Checking Account
A simple, worry-free, non-interest
bearing checking account with unlimited check writing.
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Minimum balance to open this
account is $25.00.
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No minimum monthly balance required
thereafter.
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No monthly service charge.
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No per check charge.
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Unlimited check writing.
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Easy to balance monthly statement.
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Free ATM or Check-Mate Debit
Card to those who qualify.
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Overdraft Privilege to those
who qualify.
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NOW
Checking Account
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Earn a competitive interest
rate with the advantage of unlimited check writing.
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Easy to balance monthly statement.
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Minimum balance to open this
account is $100.00.
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You must maintain a minimum
balance of $100.00 in the account each day to obtain the disclosed Annual
Percentage Yield.
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Your interest rate and annual
percentage yield may change at any time and at our discretion.
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Interest begins to accrue on
the business day you deposit non-cash items (for example, checks).
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We use the daily balance method
to calculate the interest on your account. This method applies a
daily periodic rate to the principal in the account each day.
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Interest will be compounded
and credited to your account every month.
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Free ATM or Check-Mate Debit
Card to those who qualify.
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Overdraft Privilege to those
who qualify.
Minimum daily balance needed
each statement cycle to avoid imposition of fees:
|
Minimum Daily
Balance Required |
Service Charge If Minimum
Daily Requirement Not Met |
| Regular Customers |
$500.00 |
$5.00 |
| Organization |
$250.00 |
$2.50 |
| Senior Citizens |
$100.00 |
$1.00 |
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Community
Club Checking Account
If you're over 50 years of
age this account is for you. FREE Community Club checks, special
bank privileges, and earn interest.
-
Earn a competitive interest
rate with the advantage of unlimited check writing.
-
Easy to balance monthly statement.
-
Minimum balance to open this
account is $100.00.
-
You must maintain a minimum
balance of $100.00 in the account each day to obtain the disclosed Annual
Percentage Yield.
-
Your interest rate and annual
percentage yield may change at any time and at our discretion.
-
Interest begins to accrue on
the business day you deposit non-cash items (for example, checks).
-
We use the daily balance method
to calculate the interest on your account. This method applies a
daily periodic rate to the principal in the account each day.
-
Interest will be compounded
and credited to your account every month.
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A service charge of $7.00 will
be assessed every statement cycle if the balance in the account falls below
$100.00 any day of the cycle.
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A monthly statement fee of $5.00
will be charged each statement cycle for customers between the ages of
18 and 49. This fee will not apply to customers who are 50 years
of age or older.
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Free ATM or Check-Mate Debit
Card to those who qualify.
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Overdraft Privilege to those
who qualify.
Special Bank Privileges
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Free Community Club personalized
Checks.
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50% discount on large and extra-large
safe deposit boxes (based on availability).
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Maximum of 3 Free photo copies
per day.
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Free notary services.
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No charge for payment of Lorain
City Water and Blue Cross bills.
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Free Direct Deposit of Social
Security Checks.
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No charge on Personal Money
Orders and Travelers Checks for One.
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Travelers Checks For Two are
available at $.50 per $100.00 purchased.
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Automatic Savings Plan.
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Special Membership Card.
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No Maintenance Fees on Individuals
Retirement Account.
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Free ATM or MoneyMate Debit
Card to those who qualify.
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Overdraft Privilege to those
who qualify.
In addition, your membership
in the Community Club entitles you to discounts on products and services
through selected local merchants. A list of these merchants and discounts
are available upon request*
*First Federal Savings and Loan Association will
not be held responsible or liable for the negligence of the participating merchant or
for any defect or warranty of any product or services supplied by the participating merchant to the Community Club members.
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Insured
Money Market Fund Checking Account
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Earn a higher rate of interest
on balances of $2,500.00 or more. Great for those who write a limited
amount of checks each month.
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Easy to balance monthly statement.
-
Minimum balance to open this
account is $100.00.
-
You must maintain a minimum
balance of $100.00 in the account each day to obtain the disclosed Annual
Percentage Yield.
-
Your interest rate and annual
percentage yield may change at any time and at our discretion.
-
Interest begins to accrue on
the business day you deposit non-cash items (for example, checks).
-
We use the daily balance method
to calculate the interest on your account. This method applies a
daily periodic rate to the principal in the account each day.
-
Interest will be compounded
and credited to your account every month.
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A service charge of $5.00 will
be assessed every statement cycle if the balance of this account falls
below $2,500.00 any day of the cycle.
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Transfers from an Insured Money
Market Fund Checking Account to another account or to third parties by
pre-authorized or automatic transfer are limited to 6 per statement cycle
with no more than 3 by check, draft, or similar order.
A per check fee of $.20 will
be charged for each check paid, if the minimum daily balance requirement
is not met during a monthly statement cycle. This fee will not apply
to truncated accounts.
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Commercial
Checking Account
We appreciate the value of
the small business owner to our local communities. That's why we've
designed an efficient and economical checking account for small businesses.
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Minimum balance to open this
account is $50.00.
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This account is a non-interest-bearing
checking account.
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Instant availability of credit
on deposits.
Credits:
$.25 credits for multiples
of $100.00 over a $500.00 minimum monthly average balance will be applied
to service charges credits earned above and beyond the total service charges
for the month can not be credited to the balance of the account.
The credits can only be used to offset the service charges.
Service Charges:
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$5.00 Monthly maintenance charge.
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$.15 For every check deposited.
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$.15 For every check that is
returned to us.
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$10.00 For every check that
is returned to us.
Miscellaneous:
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