Other Services
Online Cash Management Tool
- Integrated suite of financial tools provides fast, flexible, and secure financial control to manage cash flow efficiently and effectively.
- Access accounts online and accomplish a wide range of tasks without leaving the office.
- Available 24 hours a day, 7 days a week, 365 days a year.
- Check up-to-date balances on all accounts and view current account status and cleared transactions.
- Set up same day, recurring, and future transfers.
- Use direct deposit/ACH for payroll, accounts receivable, and accounts payable.
- State-of-the-art permission controls provide different functionality to designated employees, and control the accounts, services, and information they may access.
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Merchant Credit Card Processing
- Free analysis of current credit card processor fees.
- Accept Visa, MasterCard, American Express, Discover, and other major credit cards.
- Competitive rates.
- Low transaction fees.
- Low cost of equipment.
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Business Credit Cards
- Low APR.
- No annual fee.
- Simplify cash flow issues.
- Manage expenses.
- Earn rewards.
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Visa Debit Card
Use your free Business Visa Debit Card to check your balances, transfer funds, and withdraw cash 24 hours a day at ATMs across the country. Save the hassle of writing a check when you're out shopping - use your Debit Card to make purchases, and the money is drafted directly from your business account. Just present your card, sign, and go wherever you see the Visa symbol.
- No charge per transaction at ATMs owned by First Federal.
- $2 charge for each transaction at ATMs not owned by First Federal.
- $1 charge for balance inquiries at ATMs not owned by First Federal.
- No charge for debit card purchases.
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Savings Bonds
You may purchase US Treasury Savings Bonds at any First Federal location. These bonds are registered securities backed by the United States government.
- Purchase in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000.
- No fees or commissions for purchasing savings bonds.
- Cash the bond (Series E, Series EE, and Series I) at any First Federal office.
Series E/EE Bonds
- EE Paper Bonds are purchased at a "discount," which means that the buyer pays half of the bond's face value. For example, a $100 Savings Bond will cost $50. EE Electronic Bonds purchased online from Treasury Direct are sold at face value. For example, a $100 Savings Bond will cost $100.
- Interest is periodically added to the amount originally paid to purchase the bond.
- The original investment plus interest earned on the bond is paid when the bond is cashed in.
- If EE Bonds are redeemed within the first 5 years, the 3 most recent month's interest will be forfeited.
- More information on Series E/EE Bonds.
Series I Bonds
- Series I Bonds are purchased at "face value," which means that the buyer pays $100 for a $100 Savings Bond.
- Bonds earn interest based on an inflation-index for up to 30 years.
- If I Bonds are redeemed within the first 5 years, the 3 most recent month's interest will be forfeited.
- If EE Bonds are redeemed within the first 5 years, the 3 most recent month's interest will be forfeited.
- More information on Series I Bonds.
For more information and current rates, review the US Treasury Bond Flyer or visit the Savings Bonds web site. You may also call the US Treasury at 1-800-4US-Bond.
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Safe Deposit Boxes
First Federal offers Safe Deposit Boxes at most of our locations for individuals, corporations, trusts, and non-profit organizations.
Sizes* and annual fees**:
| • 3x5 | .......... | $20.00 |
| • 3x10 | .......... | $35.00 |
| • 5x5 | .......... | $25.00 |
| • 5x10 | .......... | $45.00 |
| • 10x10 | .......... | $70.00 |
*Available sizes may vary by location; ask your New Accounts Representative for details.
**20% discount for auto debit of the annual fee from your First Federal account. Safe Deposit Boxes are not FDIC Insured, floodproof, or fireproof.
