First Federal Savings and Loan Association: Savings Accounts, CDs, Money Market & Rates

Updated: 8/19/2026

Mission: Banksparency aims to make First Federal Savings and Loan Association's deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of First Federal Savings and Loan Association

Our verdict

First Federal Savings and Loan Association offers Essential Savings, a high-yield savings account paying 3.25% APY with a $25 minimum deposit.

At 3.25% APY, First Federal Savings and Loan Association pays 9x the national savings average of 0.38%.

Additional Accounts

First Choice Money Market, a money market account at 1.25% APY.
First Catastrophe Savings, a high-yield savings account at 0.50% APY.
Money Fund, a savings account at 0.05% APY.

Ideal User Profile

Best for: simple saving without extra requirements and banking without needing a branch.

CD Analysis

First Federal Savings and Loan Association also offers CDs paying up to 3.00% APY on its 7 months term, across 11 term lengths.

Tracking 21 active CD products, useful for locking in today's rate before further moves at the Fed.

Best CD use: locking in 3.00% APY for a 7 months term and laddering across multiple maturities.

IRA Analysis

First Federal Savings and Loan Association also offers an IRA savings account paying up to 0.02% APY.

Tracking 1 active IRA savings product, useful for tax-advantaged retirement savings.

Best IRA use: tax-advantaged retirement saving.

Important Considerations

No app ratings available for this bank.

iOS app rating is not available.

Android app rating is not available.

Deposit Accounts Overview

Essential Savings

Savings

3.25% APY

Tiered Range: 2.75% - 3.25%

StableNo rate changes in last 7 days

Min: $25 Online Only

Rank #91 of 337 tracked.

First Catastrophe Savings

Savings

0.50% APY

StableNo rate changes in last 7 days

Min: $100 Branch Access

Rank #175 of 337 tracked.

Money Fund

Savings

0.05% APY

StableNo rate changes in last 7 days

Min: $1,000 Branch Access

Rank #290 of 337 tracked.

Christmas Club

Savings

0.02% APY

StableNo rate changes in last 7 days

Min: $1 Branch Access

Rank #324 of 337 tracked.

Passbook Savings

Savings

0.02% APY

StableNo rate changes in last 7 days

Min: $25 Branch Access

Rank #325 of 337 tracked.

First Choice Money Market

Money Market

1.25% APY

Tiered Range: 0.75% - 1.25%

Min: $10,000 Branch Access

IRA Access Fund

IRA Savings

0.02% APY

StableNo rate changes in last 7 days

Min: $1,000 Branch Access

Market Reality Check

This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.

See Top Rates

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationPascagoula, MS
Deposit InsuranceFDIC Insured(Cert: 30812)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	0
Min. Balance in Savings Account	0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Aug 19, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Deposit Accounts: In-Depth View

Savings Accounts Offered by First Federal Savings and Loan Association

Feature	Essential Savings	First Catastrophe Savings	Money Fund	Christmas Club	Passbook Savings
APY	3.25%Range: 2.75% - 3.25%Verified: 8/19/2026	0.50%Verified: 8/19/2026	0.05%Verified: 8/19/2026	0.02%Verified: 8/19/2026	0.02%Verified: 8/19/2026
APY Trend	StableNo rate changes in last 7 days	StableNo rate changes in last 7 days	StableNo rate changes in last 7 days	StableNo rate changes in last 7 days	StableNo rate changes in last 7 days
Min. Deposit	$25	$100	$1,000	$1	$25
Min. Balance	$0.01	$100	$20	$20	$20
Monthly Fee	N/A	N/A	N/A	N/A	N/A
Direct Deposit	None	None	None	None	None
Checking Bundle	No	No	No	No	No
In-Branch Access	No	Yes	Yes	Yes	Yes
Compounding	Daily	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes
Eligibility	United States	United States	United States	United States	United States
Next Steps	-	-	-	-	-

Interactive Tool

Calculate Savings for First Federal Savings and Loan Association

All calculations are based on APY.

Choose savings account

Initial deposit

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,261.90(8.3%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,261.90

Effective APY

3.25%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

First Federal Savings and Loan Association Deposit Rates Over Time

No historical data available.

Compare with First Federal Savings and Loan Association

Feature	Current View First Federal Savings and Loan Association	Empty Slot
Product		-
APY	2.75% - 3.25%Verified: 8/19/2026	-
APY Trend	StableNo rate changes in last 7 days	-
Min. Deposit	$25	N/A
Monthly Fee	N/A	-
Direct Deposit	No	-
Checking Bundle	No	-
In-Branch Access	No	-
Eligibility	United States	-
Compounding	Daily	-
FDIC or NCUA Insured	Yes	-
Next Steps	-	-

CD Overview

3.00% Highest APY

Across 21 CD products with terms: 36 months, 24 months, 12 months, 6 months, 96 months, 72 months, 60 months, 48 months, 13 months, 7 months, 18 months

CD Products Offered by First Federal Savings and Loan Association

Feature	6 Month Jumbo CD 6 months	6 Month CD 6 months	6 Month IRA CD 6 months	7 Month Smart Rate CD Special 7 months	1 Year Jumbo CD 12 months	1 Year CD 12 months	12 Month IRA CD 12 months	13 Month Smart Rate CD Special 13 months	18 Month IRA CD 18 months	2 Year Jumbo CD 24 months	2 Year CD 24 months	3 Year Jumbo CD 36 months	3 Year CD 36 months	3 Year IRA CD 36 months	4 Year CD 48 months	5 Year CD 60 months	5 Year IRA CD 60 months	5 Year Jumbo CD 60 months	6 Year CD 72 months	8 Year CD 96 months	8 Year Jumbo CD 96 months
APY	1.60%Verified: 8/19/2026	1.50%Verified: 8/19/2026	1.50%Verified: 8/19/2026	3.00%Verified: 8/19/2026	2.10%Verified: 8/19/2026	2.00%Verified: 8/19/2026	2.00%Verified: 8/19/2026	2.75%Verified: 8/19/2026	1.50%Verified: 8/19/2026	1.35%Verified: 8/19/2026	1.25%Verified: 8/19/2026	1.80%Verified: 8/19/2026	1.70%Verified: 8/19/2026	1.70%Verified: 8/19/2026	1.50%Verified: 8/19/2026	1.85%Verified: 8/19/2026	1.85%Verified: 8/19/2026	1.95%Verified: 8/19/2026	1.45%Verified: 8/19/2026	1.50%Verified: 8/19/2026	1.60%Verified: 8/19/2026
Term	6 months	6 months	6 months	7 months	12 months	12 months	12 months	13 months	18 months	24 months	24 months	36 months	36 months	36 months	48 months	60 months	60 months	60 months	72 months	96 months	96 months
Min. Deposit	$100,000	$1,000	$1,000	$1,000	$100,000	$1,000	$1,000	$1,000	$1,000	$100,000	$1,000	$100,000	$1,000	$1,000	$1,000	$1,000	$1,000	$100,000	$1,000	$1,000	$100,000
Early Withdrawal	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Notes	Not available for online account opening. The account must be opened at a branch.	-	-	-	Not available for online account opening. The account must be opened at a branch.	-	-	-	-	Not available for online account opening. The account must be opened at a branch.	-	Not available for online account opening. The account must be opened at a branch.	-	-	-	-	-	Not available for online account opening. The account must be opened at a branch.	-	-	Not available for online account opening. The account must be opened at a branch.

First Federal Savings and Loan Association CD Rates Over Time

Not enough rate history to show a chart. We have CD rates for this bank from one day only. The chart shows when we collect more data.

Money Market Accounts Offered by First Federal Savings and Loan Association

Feature	First Choice Money Market
APY	1.25%Range: 0.75% - 1.25%Verified: 8/19/2026
Min. Deposit	$10,000
Min. Balance	$10,000
Monthly Fee	N/A
Direct Deposit	None
In-Branch Access	Yes
Compounding	N/A
FDIC Insured	Yes
Eligibility	United States

Alternatives to First Federal Savings and Loan Association

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Sallie Mae Bank

High-Yield Savings Account: 3.75% APY

Minimum Deposit: $0

Online Only

Money Market Account: 3.50% APY

Minimum Deposit: $0

Online Only

Dundee Bank

Savings Account: 0.50% APY

Minimum Deposit: $100

Health Savings Account: 1.50% APY

Minimum Deposit: $0

IRA Savings Account: 1.50% APY

Minimum Deposit: $0

Platinum Money Market Account: 3.50% APY

Minimum Deposit: $50,000

Money Market Account: 1.50% APY

Minimum Deposit: $1,000

Apple Blossom Savings: 0.50% APY

Minimum Deposit: $25

TAB Bank

Business Money Market: 3.25% APY

Minimum Deposit: $25

Online Only

TAB Save: 3.61% APY

Minimum Deposit: $0

Online Only

Business Savings: 0.25% APY

Minimum Deposit: $25

Online Only

Poppy Bank

Poppy Premier Personal Savings: 0.50% APY

Minimum Deposit: $1,000

Poppy Blooms Youth Savings Account: 3.75% APY

Minimum Deposit: $0

Eligible States: Limited (see details)

Poppy Premier Online Savings: 4.00% APY

Minimum Deposit: $1,000

Online Only

ConnectOne Bank

Connection Plus Savings: 3.10% APY

Minimum Deposit: $2,500

First Mid Bank & Trust, National Association

Jumbo Money Market: 3.44% APY

Minimum Deposit: $50,000

Money Market Account: 0.50% APY

Minimum Deposit: $50

Savings Account: 0.05% APY

Minimum Deposit: $50

Ivy Bank

High-Yield Savings Account: 3.85% APY

Minimum Deposit: $2,500

Online Only

Jonestown Bank and Trust Company, of Jonestown, Pennsylvania

Young Investor Savings: 0.10% APY

Minimum Deposit: N/A

Statement Savings: 0.10% APY

Minimum Deposit: $100

Prime Money Market Account: 3.05% APY

Minimum Deposit: N/A

Prime Money Market Account: 3.05% APY

Minimum Deposit: N/A

Marcus by Goldman Sachs

Marcus Online Savings Account: 3.40% APY

Minimum Deposit: $0

Online Only

Carver Bank

Youth Savings: 0.10% APY

Minimum Deposit: $10

Carver Savings: 0.10% APY

Minimum Deposit: $100

High Yield Savings: 4.00% APY

Minimum Deposit: $5,000

Online Only

Money Market: 0.50% APY

Minimum Deposit: $250

Savings Liquit IRA: 0.10% APY

Minimum Deposit: $100

Relationship Savings: 0.10% APY

Minimum Deposit: $250

Bank Michigan

Health Savings Account (HSA): 0.10% APY

Minimum Deposit: $50

Savings Account: 0.10% APY

Minimum Deposit: $10

Money Market Investments (MMI): 1.50% APY

Minimum Deposit: $2,500

Premier Money Market Investments (MMI): 3.75% APY

Minimum Deposit: $25,000

Business Money Market Investments (MMI): 2.00% APY

Minimum Deposit: $10,000

First National Bank of Clarksdale

Regular Savings: 0.20% APY

Minimum Deposit: $100

Health Savings Account: 0.10% APY

Minimum Deposit: N/A

Commercial Investment Money Market: 3.25% APY

Minimum Deposit: $100,000

IRA Floating: 0.30% APY

Minimum Deposit: N/A

Money Market: 2.25% APY

Minimum Deposit: $1,000