Most CD rate shoppers need to seek out a longer-term investment to obtain a higher rate of return but, the new CD rate promotion from First Federal Savings Bank in Northern Indiana.  The new CD rate promotion from First Federal combines a high yield with a short term, giving customers an above market rate of return without locking up their funds for long term during a rising rate environment.

Searching for the highest yield is generally goal number one for banking customers looking for the best possible return on their funds.  But when interest rates on the rise, yield erosion due to rising rates becomes a concern against holding long term commitments.  The EZ Access certificate of deposit at First Federal Savings allows for customers to earn a competitive fixed interest rate while maintaining their liquidity requirements.

The First Federal Savings Bank promotional certificate has a one year term and a 2.02 percent yield.  There is a $5,000.00 minimum opening deposit for the account with a $250,000.00 maximum allowable balance.  Interest is compounded and credited quarterly.

An added attribute to this account allows account holders to add deposits of $1,000.00 or more at any time.  Additional deposits will not extend the maturity date of the certificate.  Withdrawals of $1,000.00 or more are also allowed one time per calendar month without a penalty.

Certificates of deposit are generally considered a highly reliable, conservative investment for a person looking for a guaranteed return.  With a fixed-term CD, you earn a guaranteed annual percentage yield (APY).

First Federal Savings Bank offers a variety of other certificate of deposit investment choices.   $500.00 minimum opening deposits are required for the standard bank CDs with maturities of 3, 6, 12, 36, 48 or 60 months.  Jumbo CD rates are also available for Indiana savers with a $50,000.00 minimum opening deposit.

All First Federal CDs are FDIC insured up to the insurance limits for individual, joint, retirement, and trust accounts.  CD promotions are available for personal accounts only.  Penalty for early withdrawal may apply.  Other restrictions and early withdrawal penalties apply.

First Federal Savings Bank is based in Rochester, IN.  The bank operates six branches in Rochester and Fulton County.  First Federal has served consumers and businesses in Northern Indiana since 1966.

More information about the bank, the bank products, and current Indiana CD rates can be obtained by calling a First Federal Savings Bank customer service representative at 800-488-1414. has made every effort to provide accurate and timely information.  However, due to the possibility of technical inaccuracies, typographical errors, as well as other factors, cannot be held responsible for any errors or omissions.

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