First Federal Savings Bank of Frankfort

First Federal's Passbook Account offers a low opening balance and easy access to your funds. It's great for savers just starting out or for those who are unsure when they might need their funds.

Truth in Savings Account Disclosure

Simply Savings

Passbook Savings

Deposits are insured by the FDIC up to applicable limits

Rates are subject to change

Disclosure of Interest and Charges

Minimum Balance Requirements


• You must deposit $100 to open this account (unless you are under age 18, in which case you must deposit $10 to open this account).

Fees


• Click here for Fee Schedule

Transaction Limitations


• You may make only 6 transfers/withdrawals per statement cycle (not including those made in person, by mail, by telephone with check mailed to you, by messenger, or to repay loans to us).
• We have the right to require 7 days prior written notice from you of your intent to withdraw any funds from your account.

Rate Information


• See previous page for current rate.
• Your interest rate and annual percentage yield may change.
• At our discretion, we may change the rate on your account

Frequency of Rate Change


• We may change the rate for your account every week

Compounding and Crediting


• Interest will be compounded on a daily basis.
• Interest will be credited to your account on a quarterly basis.
• Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Balance Computation Method


• We use the daily balance method to calculate the interest on your account.
• This method applies a daily periodic rate to the principal in the account each day.