Account Opening Procedure

First Federal Savings will be glad to open accounts for anyone living in the mid-coast area on a permanent or seasonal basis. You must have valid, non-expired picture identification and a social security card. People under the age of 18 must have a parent or guardian for certain accounts.

Important Information About Opening an Account - USA Patriot Act

 

SAVINGS ACCOUNTS
Interest Rates Services Charges and Fees

Passbook
Our passbook savings account requires a $10.00 minimum deposit to open and you'll receive a passbook to record your transactions.

Statement
Our statement savings account requires a $10.00 minimum deposit to open and works in the same manner as the passbook accounts except you'll receive a monthly statement showing all account activity.

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CHILDREN'S SAVINGS PROGRAM

Foster the Friendly Seal gives First Federal Savings his seal of approval!

Being a part of Foster's program, children 12 and under will be able to earn awards for saving money with us. When you come in and open your children's passbook account you will receive a welcome kit. Everytime you make a deposit you get to choose a fun sticker. After making 10 deposits on 10 different days of at least $1.00 you get to choose a fun award. Once you reach a balance of $250.00 in your account you get to choose a special FFS logo award. You will also earn interest on your account.

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CERTIFICATE OF DEPOSITS
Interest Rates Services Charges and Fees

We offer CD's in a variety of different terms: 6 month, 12 month, 18 month, 30 month and 48 month.

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MONEY MARKET
Interest Rates Services Charges and Fees

Money Market accounts require a minimum opening deposit of $2500.00, and can be opened as a statement or passbook account. Federal Regulation D dictates that only 6 preauthorized transfers and withdrawals from the money market account are allowed within a statement cycle, no more than 3 of which can be made by check or Debit Card.

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PREMIER MONEY MARKET ACCOUNT
Interest Rates Services Charges and Fees

If you have $10,000 or more to invest, ask about our First Federal Savings PREMIER MONEY MARKET ACCOUNT. To be eligible you must have a new or existing First Federal
Savings N.O.W account and debit card. There’s no penalty for limited withdrawals, and your return rate increases as you add to your savings!Compare our fees…you’ll be glad you did! Call 800-499-8711 today!

All regulation D rules apply. Rates subject to change at any time. Minimum balance to open account: $10,000. Fees could reduce earnings. This offer may be withdrawn at any time.

NOW CHECKING*
Interest Rates Services Charges and Fees

Our NOW checking product requires a $100 minimum to open and an average daily balance of $200 to obtain the Annual Percentage Yield. With a NOW you will have the flexibility of our MasterMoney card, Pre-Authorized Transfers, ACH Origination and Image Statements. Be sure to ask for your free 3-ring binder to help organize your statements.

MasterMoney Cards are fast and easy to use. It is an enhanced First Federal Savings ATM card. Use your MasterMoney card at millions of locations that accept MasterCard debit cards such as stores, restaurants, supermarkets, travel agencies, hotels, airlines, etc. Your purchases are withdrawn from your First Federal Savings Checking/NOW account. In addition, since your MasterMoney is "an enhanced ATM card", you can use it at any First Federal Savings ATM or thousands of others displaying the NYCE and PLUS network logos. And with our participation in Maine Cash Access, we provide you with access to over 150 ATM's FEE FREE all over the state! Stop by any First Federal Savings location, or call our customer service department at (207) 442-8711 for your application today!

Pre-authorized Transfers are agreements to have your loan payment made automatically, and/or transfers between savings and checking accounts within First Federal Savings.

PLUS we now offer ACH Origination which are agreements to transfer funds between your First Federal Accounts AND accounts at other banks!

*Please note that this is a consumer account. For-profit organizations, partnerships and certain other entities may not be eligible for this type of account.

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IRA's
Interest Rates Services Charges and Fees

We offer a variety of Individual Retirement Accounts - Traditional, Educational and Roth. Please call any of our branches to find a solution to fit your needs!

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CHRISTMAS CLUBS

Services Charges and Fees

The amount of the club must be stated at account opening. A bonus equal to 2% of the balance in the account will be paid at time of maturity if all 50 weekly payments have been made.

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NOTARY SERVICE / SIGNATURE GUARANTEES

Our Notary service and signature guarantees are free for all First Federal customers.

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TRAVELERS CHECKS

The travelers checks that we offer are American Express Cheques. We have cheques for one person or two. There is a 1% charge.

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WIRES

Wire Transfers are performed for customers only. Outgoing wires must be sent to a bank in the United States. Any international wires require a corresponding bank in the United States.

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OVERDRAFT PROTECTION

Overdraft Protection can be made available by linking one of your qualifying First Federal Savings deposit accounts to your N.O.W. or checking account. We also offer an Overdraft Credit Line as a loan product.

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LOYALTY PROGRAM

Our Loyalty Program may earn you higher rates on your certificate of deposit based on your other First Federal Savings accounts and services. Please contact us for more information.

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SAFE DEPOSIT BOXES

Safe Deposit Boxes are available at 125 Front Street Bath, 283 Main Street Damariscotta and 41 Townsend Ave Boothbay Harbor offices. Cost is based on size. Please contact us for more information.

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EQUAL HOUSING LENDEREqual Housing Lender, Member FDIC MEMBER FDIC