Savings
Youth Accounts
An easy and rewarding way to start your financial success from an early age.
Start The Financial Journey Early
Our Youth Savings Account makes it easy and rewarding for young people to save
It pays to start saving early. Our Youth Savings Account is perfect for young people to learn about good saving habits and how to manage their money.
- With no minimum balance and no monthly service fee, it only takes $10 to open a Youth Savings Account.
- Easily move money from your checking account to your child’s savings account or send their allowance on schedule automatically.
- Joint ownership gives the child the ability to use the account while you monitor the account activity with online and mobile banking.
- Free online and mobile banking with inquire-only access for your child so they can watch their money grow.
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Enjoy a FREE Birthday Gift – First Federal will deposit a $20 bonus into the account each year for the child or teen’s birthday until the child or teen reaches the age of 18!
Open a First Federal Youth Savings Account today to watch your savings grow! Visit one of our branches to get started.
A Game Plan for Educational Finances
If you’re looking to save money for school, an Educational Savings Account is what you want
Your Educational Savings Account allows tax-free withdrawals to pay for qualified elementary school, secondary school, or college expenses.
Your Educational Savings Account can be held in a fixed-rate CD or a savings account, so you can create a plan that works for your education goals. You can deposit additional funds at any time without extending maturity. Contribution limits apply. With low annual and transactional fees, we are committed to providing you with the services you need to ensure a bright future.
To open an account, please visit one of our branches.