First Federal Savings and Loan Association savings, CD and money market rates
First Federal Savings and Loan Association advertises up to 3.15% APY on its Essential Savings account. The 3.15% needs a balance of at least $250,000. Below that, the account advertises 2.65%.
On a $10,000 balance the account earns 2.65% overall, about $265 in a year, which is 2.28 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #231 of 2767 tracked savings rates by advertised APY. For a $10,000 balance it would rank #213. The bank has cut this rate once in the last 12 months.
Estimate your earnings·What First Federal Savings and Loan Association actually pays
First Federal Savings and Loan Association at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 3.15% · Essential Savings · needs at least $250,000 |
| Minimum to open | $25 · Essential Savings |
| Against the national average | 2.78 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.25% · 7 months · 7 Month Smart Rate CD Special |
| Minimum to open | $1,000 · 7 months CD |
| Against the national average | 1.84 percentage points above the 1.41% FDIC 6-month CD average (Sep 2026) |
| Money market | |
| Top money market APY | Up to 1.25% · First Choice Money Market · needs at least $250,000 |
| Minimum to open | $10,000 · First Choice Money Market |
| Against the national average | 0.62 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 30812 · Pascagoula, MS |
|---|---|
| Website | www.firstwithus.com |
| Branches | 6 branches in MS |
| Availability | Available in MS |
First Federal Savings and Loan Association savings, CD and money market rates
Personal
How the rate applies
How the rate applies
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.16% or more. See the highest savings rates.
First Federal Savings and Loan Association CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 6 months | 1.50% | $1,000 | 6 Month CD |
| 6 months | 1.60% | $100,000 | 6 Month Jumbo CD |
| 7 months | 3.25% | $1,000 | 7 Month Smart Rate CD Special |
| 12 months | 2.00% | $1,000 | 1 Year CD |
| 12 months | 2.10% | $100,000 | 1 Year Jumbo CD |
| 13 months | 3.00% | $1,000 | 13 Month Smart Rate CD Special |
| 24 months | 1.25% | $1,000 | 2 Year CD |
| 24 months | 1.35% | $100,000 | 2 Year Jumbo CD |
| 36 months | 1.70% | $1,000 | 3 Year CD |
| 36 months | 1.80% | $100,000 | 3 Year Jumbo CD |
| 48 months | 1.50% | $1,000 | 4 Year CD |
| 60 months | 1.85% | $1,000 | 5 Year CD |
| 60 months | 1.95% | $100,000 | 5 Year Jumbo CD |
| 72 months | 1.45% | $1,000 | 6 Year CD |
| 96 months | 1.50% | $1,000 | 8 Year CD |
| 96 months | 1.60% | $100,000 | 8 Year Jumbo CD |
| IRA CDs | |||
| 6 months | 1.50% | $1,000 | 6 Month IRA CD |
| 12 months | 2.00% | $1,000 | 12 Month IRA CD |
| 18 months | 1.50% | $1,000 | 18 Month IRA CD |
| 36 months | 1.70% | $1,000 | 3 Year IRA CD |
| 60 months | 1.85% | $1,000 | 5 Year IRA CD |
Interactive Tool
Calculate Savings for First Federal Savings and Loan Association
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,021.10(6.8%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,021.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What First Federal Savings and Loan Association pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 3.15% needs a balance of at least $250,000. Below that, the account advertises 2.65%.
In Q2 2026, First Federal Savings and Loan Association paid a higher average rate on savings and money market deposits than 73% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- First Federal Savings and Loan Association, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Essential Savings | 3.15% | $25 | $0 | None | not stated | not stated | Tiered | |
| First Catastrophe Savings | 0.50% | $100 | $0 | None | not stated | not stated | One rate | |
| Money Fund | 0.05% | $1,000 | $0 | None | not stated | not stated | One rate | |
| Passbook Savings | 0.02% | $25 | $0 | None | not stated | not stated | One rate | |
| Christmas Club | 0.02% | $1 | $0 | None | not stated | not stated | One rate | |
| First Choice Money Market | 1.25% | $10,000 | $10,000 | None | not stated | not stated | Tiered | |
| IRA | ||||||||
| IRA Access Fund | 0.02% | $1,000 | $0 | None | not stated | not stated | One rate | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 6 Month CD | 6 months | 1.50% | $1,000 | not stated | not stated |
| 6 Month Jumbo CD | 6 months | 1.60% | $100,000 | not stated | not stated |
| 7 Month Smart Rate CD Special | 7 months | 3.25% | $1,000 | not stated | not stated |
| 1 Year CD | 12 months | 2.00% | $1,000 | not stated | not stated |
| 1 Year Jumbo CD | 12 months | 2.10% | $100,000 | not stated | not stated |
| 13 Month Smart Rate CD Special | 13 months | 3.00% | $1,000 | not stated | not stated |
| 2 Year CD | 24 months | 1.25% | $1,000 | not stated | not stated |
| 2 Year Jumbo CD | 24 months | 1.35% | $100,000 | not stated | not stated |
| 3 Year CD | 36 months | 1.70% | $1,000 | not stated | not stated |
| 3 Year Jumbo CD | 36 months | 1.80% | $100,000 | not stated | not stated |
| 4 Year CD | 48 months | 1.50% | $1,000 | not stated | not stated |
| 5 Year CD | 60 months | 1.85% | $1,000 | not stated | not stated |
| 5 Year Jumbo CD | 60 months | 1.95% | $100,000 | not stated | not stated |
| 6 Year CD | 72 months | 1.45% | $1,000 | not stated | not stated |
| 8 Year CD | 96 months | 1.50% | $1,000 | not stated | not stated |
| 8 Year Jumbo CD | 96 months | 1.60% | $100,000 | not stated | not stated |
| IRA CDs | |||||
| 6 Month IRA CD | 6 months | 1.50% | $1,000 | not stated | not stated |
| 12 Month IRA CD | 12 months | 2.00% | $1,000 | not stated | not stated |
| 18 Month IRA CD | 18 months | 1.50% | $1,000 | not stated | not stated |
| 3 Year IRA CD | 36 months | 1.70% | $1,000 | not stated | not stated |
| 5 Year IRA CD | 60 months | 1.85% | $1,000 | not stated | not stated |
Fine print for 6 CDs above: Not available for online account opening. The account must be opened at a branch.
Opening and using the account
| Availability | Available in MS |
|---|---|
| Footprint | 6 branches in MS |
| Eligibility | not stated |
How First Federal Savings and Loan Association behaves over time
- 12-month high
- 3.25%
- 12-month low
- 3.15%
- Advertised now
- 3.15%
- 0.10 percentage points below the 12-month high
- Observed cuts, 12 months
- 1
- In a window with 2 Federal Reserve cuts
The advertised Essential Savings rate, observed through Sep 30, 2026. The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Sep 23, 20267 Month Smart Rate CD SpecialRaise:3.00%to3.25%
- Obs. Sep 23, 202613 Month Smart Rate CD SpecialRaise:2.75%to3.00%
- Obs. Sep 2, 2026Essential SavingsCut:2.75%to2.65%
- Essential Savings
- Down 0.10 percentage points from 30 days ago.
- 7 months CD
- Up 0.25 percentage points from 30 days ago.
- First Choice Money Market
- The same as 30 days ago.
$10,000 at the 3.15% APY First Federal Savings and Loan Association advertises on Essential Savings grows to $10,315 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,976 does today. See how the federal funds rate shapes savings rates.
- Essential Savings APY
- Banksparency savings index
First Federal Savings and Loan Association CD rates over time
Who is First Federal Savings and Loan Association?
| Headquarters | Pascagoula, MS |
|---|---|
| Founded | 1955 |
| Scale | $381M assets · $276M deposits, $246M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 30812 |
| Charter state | Mississippi · one of 57 insured banks chartered there (Q2 2026, FDIC) |
| Size | 2,350th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 85% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What First Federal Savings and Loan Association pays on deposits above.
Common questions about First Federal Savings and Loan Association
Is First Federal Savings and Loan Association FDIC insured?
Yes. First Federal Savings and Loan Association is FDIC insured under certificate 30812, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at First Federal Savings and Loan Association?
First Federal Savings and Loan Association requires a minimum deposit of $25 to open its Essential Savings account, as observed on Sep 30, 2026. Check the bank's current terms before you open an account.
Does the 3.15% apply to my whole balance?
The 3.15% needs a balance of at least $250,000. Below that, the account advertises 2.65%. Rates are as observed on Sep 30, 2026.
Does First Federal Savings and Loan Association have branches?
Yes. First Federal Savings and Loan Association operates 6 branches according to FDIC branch records, in addition to its website and mobile apps.
First Federal Savings and Loan Association against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| First Federal Savings and Loan Association | 3.15% | 2.07% | $25 | 6 branches in MS |
| Amarillo National Bank | 3.15% | 2.44% | $30 | 35 branches in TX |
| Ameriprise Bank | 3.15% | 0.22% | $100 | 2 branches in MN |
| PNC | 3.15% | 1.99% | $0 | 2,427 branches across 28 states |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to First Federal Savings and Loan Association's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Mississippi, nearest to First Federal Savings and Loan Association in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.