First Federal Savings and Loan Association savings, CD and money market rates
First Federal Savings and Loan Association advertises 0.01% APY on its First Savers account. That is 0.36 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #2725 of 2767 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2657.
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 | 0.01% · First Savers |
| Minimum to open | $10 · First Savers |
| Against the national average | 0.36 percentage points below the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 4.00% · 60 months · 5 Year CD |
| Minimum to open | $500 · 60 months CD |
| Against the national average | 2.62 percentage points above the 1.38% FDIC 60-month CD average (Sep 2026) |
| Money market | |
| Top money market APY | 2.27% · Resolute Money Market |
| Minimum to open | $10,000 · Resolute Money Market |
| Against the national average | 1.64 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 29090 · Newark, OH |
|---|---|
| Website | www.firstfedohio.com |
| Branches | 6 branches in OH |
| Availability | Available in OH |
First Federal Savings and Loan Association savings, CD and money market rates
Personal
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 | |||
| 3 months | 2.85% | $500 | 91 Day CD (No Penalty) |
| 6 months | 3.25% | $500 | 182 Day CD |
| 8 months | 3.40% | $5,000 | 8 Month CD (No Penalty) - Interest Transferred |
| 8 months | 3.15% | $5,000 | 8 Month CD (No Penalty) - Interest Paid by Check |
| 9 months | 3.45% | $500 | 9 Month CD |
| 12 months | 3.59% | $500 | 12 Month CD |
| 13 months | 3.64% | $5,000 | 13 Month CD |
| 15 months | 3.65% | $500 | 15 Month CD - Interest Transferred |
| 15 months | 3.40% | $500 | 15 Month CD - Interest Paid by Check |
| 18 months | 3.80% | $500 | 18 Month CD |
| 19 months | 3.70% | $500 | 19 Month CD (No Penalty) |
| 21 months | 3.82% | $500 | 21 Month CD |
| 24 months | 3.85% | $500 | 24 Month CD |
| 27 months | 3.82% | $500 | 27 Month CD |
| 30 months | 3.89% | $500 | 30 Month CD |
| 31 months | 3.85% | $500 | 31 Month CD - Interest Transferred |
| 31 months | 3.60% | $500 | 31 Month CD - Interest Paid by Check |
| 36 months | 3.94% | $500 | 36 Month CD |
| 37 months | 3.94% | $500 | 37 Month CD |
| 44 months | 3.96% | $500 | 44 Month CD |
| 48 months | 3.98% | $500 | 4 Year CD |
| 60 months | 4.00% | $500 | 5 Year CD |
| IRA CDs | |||
| 18 months | 3.75% | $1 | 18 Month Fixed IRA |
| 18 months | 3.29% | $1 | 18 Month Flexible IRA |
Interactive Tool
Calculate Savings for First Federal Savings and Loan Association
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$18.60(0.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,018.60
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.
In Q2 2026, First Federal Savings and Loan Association paid a higher average rate on savings and money market deposits than 68% 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 |
|---|---|---|---|---|---|---|---|---|
| Savings Club | 0.05% | $1 | $0 | None | not stated | not stated | One rate | |
| Fine print: A holiday savings club account. The interest earned is lost if funds are withdrawn before the payout date. | ||||||||
| First Savers | 0.01% | $10 | $0 | None | not stated | not stated | One rate | |
| Resolute Money Market | 2.27% | $10,000 | $0 | None | not stated | not stated | One rate | |
| Fine print: A new deposit is required to open this account. | ||||||||
| Steadfast Money Market | 1.00% | $1,000 | $0 | None | not stated | not stated | One rate | |
| MY Money Market | 0.45% | $5,000 | $5,000 | None | not stated | not stated | Tiered | |
| Fine print: The interest rate on this account depends on meeting relationship requirements each statement cycle. Rates are tiered by minimum daily balance: $5,000, $25,000, and $50,000. Up to six pre-authorized transactions per month are permitted. | ||||||||
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 | |||||
| 91 Day CD (No Penalty) | 3 months | 2.85% | $500 | not stated | not stated |
| 182 Day CD | 6 months | 3.25% | $500 | not stated | not stated |
| 8 Month CD (No Penalty) - Interest Transferred | 8 months | 3.40% | $5,000 | not stated | not stated |
| Fine print: This APY applies when interest is transferred to a First Federal checking or savings account. If interest is paid by check, the account earns the lower rate shown on the 8 Month CD (No Penalty) - Interest Paid by Check product. | |||||
| 8 Month CD (No Penalty) - Interest Paid by Check | 8 months | 3.15% | $5,000 | not stated | not stated |
| 9 Month CD | 9 months | 3.45% | $500 | not stated | not stated |
| 12 Month CD | 12 months | 3.59% | $500 | not stated | not stated |
| 13 Month CD | 13 months | 3.64% | $5,000 | not stated | not stated |
| 15 Month CD - Interest Transferred | 15 months | 3.65% | $500 | not stated | not stated |
| Fine print: This APY applies when interest is transferred to a First Federal checking or savings account. If interest is paid by check, the account earns the lower rate shown on the 15 Month CD - Interest Paid by Check product. | |||||
| 15 Month CD - Interest Paid by Check | 15 months | 3.40% | $500 | not stated | not stated |
| 18 Month CD | 18 months | 3.80% | $500 | not stated | not stated |
| 19 Month CD (No Penalty) | 19 months | 3.70% | $500 | not stated | not stated |
| Fine print: Minimum additions of $250.00 or more are permitted. This APY applies when interest is transferred to a First Federal checking or savings account. | |||||
| 21 Month CD | 21 months | 3.82% | $500 | not stated | not stated |
| 24 Month CD | 24 months | 3.85% | $500 | not stated | not stated |
| 27 Month CD | 27 months | 3.82% | $500 | not stated | not stated |
| 30 Month CD | 30 months | 3.89% | $500 | not stated | not stated |
| 31 Month CD - Interest Transferred | 31 months | 3.85% | $500 | not stated | not stated |
| Fine print: This APY applies when interest is transferred to a First Federal checking or savings account. If interest is paid by check, the account earns the lower rate shown on the 31 Month CD - Interest Paid by Check product. | |||||
| 31 Month CD - Interest Paid by Check | 31 months | 3.60% | $500 | not stated | not stated |
| Fine print: This APY applies when interest is paid by check. Electing to transfer interest to a First Federal checking or savings account earns the higher rate shown on the 31 Month CD - Interest Transferred product. | |||||
| 36 Month CD | 36 months | 3.94% | $500 | not stated | not stated |
| 37 Month CD | 37 months | 3.94% | $500 | not stated | not stated |
| 44 Month CD | 44 months | 3.96% | $500 | not stated | not stated |
| 4 Year CD | 48 months | 3.98% | $500 | not stated | not stated |
| 5 Year CD | 60 months | 4.00% | $500 | not stated | not stated |
| IRA CDs | |||||
| 18 Month Fixed IRA | 18 months | 3.75% | $1 | not stated | not stated |
| 18 Month Flexible IRA | 18 months | 3.29% | $1 | not stated | not stated |
Fine print for 2 CDs above: This APY applies when interest is paid by check. A separate product covers the same term with interest transferred to a First Federal checking or savings account.
Opening and using the account
| Availability | Available in OH |
|---|---|
| Footprint | 6 branches in OH |
| Eligibility | not stated |
How First Federal Savings and Loan Association behaves over time
Every observation of the advertised First Savers rate in the last 12 months was 0.01% (observed through Sep 30, 2026). The series includes promotional tiers where one applied.
Banksparency observed no cuts to First Federal Savings and Loan Association's advertised savings rate in the last 12 months, a period with 2 Federal Reserve cuts.
Recent rate changes, as observed
- Obs. Sep 23, 20268 Month CD (No Penalty) - Interest TransferredRaise:3.30%to3.40%
- Obs. Sep 23, 20268 Month CD (No Penalty) - Interest Paid by CheckRaise:3.05%to3.15%
- Obs. Sep 23, 20269 Month CDCut:3.55%to3.45%
- Obs. Sep 23, 202615 Month CD - Interest TransferredRaise:3.30%to3.65%
- Obs. Sep 23, 202615 Month CD - Interest Paid by CheckRaise:3.05%to3.40%
- First Savers
- The same as 30 days ago.
- 60 months CD
- Up 2.65 percentage points from 7 days ago.
- Resolute Money Market
- The same as 30 days ago.
$10,000 at the 0.01% APY First Federal Savings and Loan Association advertises on First Savers grows to $10,001 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 $9,672 does today. See how the federal funds rate shapes savings rates.
First Federal Savings and Loan Association CD rates over time
Who is First Federal Savings and Loan Association?
| Headquarters | Newark, OH |
|---|---|
| Founded | 1934 |
| Scale | $294M assets · $251M deposits, $230M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 29090 |
| Charter state | Ohio · one of 157 insured banks chartered there (Q2 2026, FDIC) |
| Size | 2,485th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 21% 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 29090, 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 $10 to open its First Savers account, as observed on Sep 30, 2026. Check the bank's current terms before you open an account.
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 | 0.01% | 1.94% | $10 | 6 branches in OH |
| American Bank and Trust Company, National Association | 0.01% | 2.05% | $25 | 8 branches in IA, IL |
| BMO Bank | 0.01% | 1.61% | $25 | 987 branches across 23 states |
| Chase Bank | 0.01% | 0.85% | $0 | 5,401 branches across 49 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 Ohio, 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.
State pages: banks in Ohio.