First Federal Bank is a full service bank specializing in home lending.  First Federal Bank has been serving the Central Kentucky area since 1935.  First Federal Bank has been FDIC insured since December 26, 1935.  First Federal Bank is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision (OTS).  The bank has total assets of approximately $136,797,000.  First Federal Bank is Lexington’s oldest independent financial institution.  The bank’s main office is located in downtown Lexington and the bank has three bank branches including one in Georgetown.

First Federal Bank is a full service bank offering a wide range of products and services to meet the needs of busy consumers.  First Federal Bank presents a variety of savings accounts, transactions accounts and loan programs to meet the consumer’s needs.  The banks goal is to provide funds to finance home loans and other consumer needs while protecting and insuring the investments of its savers.

The bank has several checking account choices, savings accounts, multiple money market accounts as well as CDs and IRA accounts.  The bank also offers a number of loan programs.  Loan options cover programs for first time home buyer, making home improvements, buying a car or sending a child off to college.

A sampling of the current CD rates and terms:

3 month CD with an interest rate of 1.25% APY
6 month CD rate of 1.75% APY
9 month CD that yields a interest rate of 1.85% APY
1 year CD rate of 2.00% APY
1 year add on CD with an interest rate of 1.90% APY
14 month CD rate of 2.00% APY
18 month CD that also has an interest rate of 2.00% APY
2 year CD rate of 2.15% APY
30 month CD that earns and interest rate of 2.25% APY
3 year CD rate of 2.50% APY
4 year CD rate that also stands at 2.50% APY
5 year CD which yields an interest rate of 3.00% APY

The bank is also offering an 11 month CD special that has an interest rate of 2.50% APY as well as a 25 month CD special which yields an interest rate of 3.25% APY.

There is a minimum deposit of $500.00 on all of the listed bank CDs with the exception of the 25 month CD that has a minimum deposit of $1,000.00.

Bank CD rates are subject to change and additional conditions may exist to open these accounts.  For the latest bank CD rates, call a bank representative at Lexington: 859-253-2605 or Georgetown: 859-244-7272.  The bank website keeps up to date data on the various bank products and services as well as CD rates, saving rates, money market account rates, IRA rates, business account interest rates and mortgage rates.  The web address for the bank is

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