Minor Savings Account

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A lesson in mastering money

Overview

Help your child learn about money with a Minor Savings account. The free, interest-bearing account lets you move money without hoops. And includes access to mobile and online banking so you can teach your child about money across devices.

Benefits

Earn up to 0.15% interest*

No monthly fees

Free mobile and online banking

  • Earn up to 0.15% interest*
  • Automatic withdrawals and deposits from a First Federal checking account
  • No monthly fee (as long as your child is younger than 18)
  • Link with a First Federal checking account for overdraft protection
  • Free e-Statements (Paper statements available by mail for $3 per month)
  • Free mobile and online banking
  • $25 minimum deposit to open

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Rates

Minimum Balance Rate APY*
$0-$9994 0.10% 0.10%
$1,000 and Over 0.15% 0.15%

* - Annual Percentage Yield. Rate can change after account is opened. Fees can reduce earnings on the account.

4 - Minimum balance to avoid monthly service fee is $200.

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