Savings & Money Market

You have goals and we’re here to help you achieve them. From a basic rainy-day fund to your longer-term goals, a First Federal savings account is a great way to plan for your future. Take a look at our Savings, Money Market, and Tax -Advantage Savings options and see which one is right for you.

Savings Accounts

Regular Savings ⁴

Our Regular Savings account is a simple, straightforward way to make your money work for you. Save and earn interest while you do it. Open online or at any First Federal location.

Open Account

Savings Plus ⁴

Our Savings Plus account offers tiered interest rates that can reward you more when you carry higher balances. With no monthly service charge, you can watch your savings grow faster. Open at any First Federal location.

Kids Ca$h!^® Savings ⁴

Our Kids Ca$h! Savings account is designed to help kids get started with the healthy financial habit of saving. First Federal will contribute $5 toward the $10 minimum opening deposit, making it easy and rewarding for them to get started. Open at any First Federal location.

Money Market Accounts

MMDA Plus^{1, 4}

Put your savings to work for you with an MMDA Plus account. You earn tiered interest like our Savings Plus account but with the added benefits of check-writing abilities and an available debit card. Open at any First Federal location.

Tax Advantage Savings Accounts

First Federal offers several special tax-advantage savings options that can help you save for medical costs and a down payment if you are a first-time home buyer.

Idaho Medical Savings Account ($100 minimum to open) ^{2, 3, 4}

With an Idaho Medical Savings Account from First Federal, you can save money towards qualifying medical expenses, and earn interest at the same time. These accounts can also have certain tax benefits associated with them, and have no monthly service charge if minimum balances are met. Open at any First Federal location.

Health Savings Account ($100 minimum to open) ^{2, 4}

If you’re covered by a High Deductible Health Plan, you may be eligible for a First Federal Health Savings Account. These accounts let you save money towards qualifying medical expenses, allow you to write checks, and offer great tax benefits. Add tiered interest earnings on your savings, along with no monthly service charge and a debit card, and our Health Savings Account is a great fit. Open at any First Federal location.

Idaho's First-Time Home Buyer Savings Account ($100 minimum to open)^{2, 4, 5}

An Idaho First-Time Home Buyer Savings Account allows you to save for down payment and closing costs, if you qualify for a first-time home purchase, while reducing the amount of Idaho income tax you owe. Earn interest and potentially save on your taxes. To learn more about opening an Idaho First Time Home Buyer Savings Account contact your local branch today.

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¹ Online, preauthorized, automatic and telephone transfers and transactions by check, debit card or similar order payable to third parties from your MMDA are limited to six (6) per statement cycle. Withdrawals made in person, either at the teller window or through an ATM, and automatic transfers made from your MMDA to credit a First Federal loan do not count toward this transaction limit. A fee of $10.00 will be charged for each transaction in excess of this limit.

² Tax implications of these savings products can vary depending on your individual tax situation. Please consult a tax professional for specifics on how these products will impact your tax liability.

³ Must maintain $100 minimum daily balance to avoid $3 monthly service charge.

⁴ You must maintain an average daily balance of $5 to earn APY.

5 Account must be established by the first-time home buyer. If the funds are used for any other purpose than mortgage down-payment or closing costs, the regular tax that would have been due under the income tax code will apply. Consult your tax advisor.