Checking

Discover the money saving benefits of our new checking accounts! 

Find the right account for you

 

 

Account Minimum Deposit to Open Monthly Service Fee or
Balance Requirement		 Unlimited Check Writing Interest Earning Bazing Benefits 
Flagship Checking  $25.00 Maintain a $1,500.00 minimum balance or a $500 direct deposit to waive the $7.00 monthly fee  Yes Yes*

Yes

Lighthouse Checking 

 $25.00 $5.00 per month Yes No Yes

Anchor Checking 		 $25.00 $100.00 minimum balance or 10 debit card transactions to waive the $6.00 monthly fee  Yes No No

Student Checking

 $5.00 N/A Yes No  No

Insured Money Market Fund

 $100.00 $2,500.00 minimum balance No Yes* No

Choice Money Market 

 $100.00 $2,500.00 minimum balance  No Yes* No
Commercial Checking

  $50.00  $5.00 monthly fee  No No No
Business Banking Checking
 		 $50.00 Average monthly balance of $500.00 to waive $5.00 monthly fee Yes No No

Have Questions? Need Help?
Contact us or stop in to your local First Federal Savings of Lorain branch for assistance.

* Conditions may apply.
The interest rate and Annual Percentage Yield (APY) on checking accounts may change at any time and at our discretion. Fees could reduce the earnings on checking accounts. Effective on 09/09/2024

 

Anywhere banking tools 

                                                    
           Online Banking              Bill Pay                     eStatements               Mobile Banking           Debit Card 

 

 

Do you keep a minimum balance of $1,500 in your account? If so, earn interest and enjoy rewards with the Flagship Checking account!

*carrier and/or data charges may apply

Not interested in earning interest or maintaining a $1,500 balance? Still enjoy exclusive Bazing deals and benefits by choosing our Lighthouse checking account!

*carrier and/or data charges may apply

Do you want a low-cost account with basic benefits? Then our Anchor checking is perfect for you! 

*carrier and/or data charges may apply

Start your banking journey with us! Our Student Checking account is the perfect choice for students ages 15-24* who want a simple checking account with NO monthly service charges and NO minimum balance requirements. 

*When primary owner turns 25 this account may be changed to a comparable accounts offered by First Federal Savings of Lorain. 

**carrier and/or data charges may apply

Our Insured Money Market Fund pays a higher interest rate on balances over $2,500.

  • Minimum balance to open account and earn annual percentage yield is $100
  • Earn a competitive interest rate on balances over $100 
  • Higher interest rate paid on balances of $2500 or more   
  • Minimum balance of $2500 is required to avoid monthly service fee
  • No per-check charge
  • Online banking
  • 24hr TouchTel
  • Disclosure
  • Miscellaneous Fee Schedule

Pays higher interest on your checking funds with balances of $10,000 or higher

  • $100 minimum balance required to open and earn interest
  • Earn competitive interest rate
  • Higher interest rate tiers on balances of $10,000 or higher
  • $2,500 minimum balance to avoid monthly service charge
  • Monthly service charge of $5 if the account balance falls below $2,500
  • No per-check charge
  • FREE 24-hour TouchTel telephone banking
  • E-statement available
  • Disclosure
  • Miscellaneous Fee Schedule

 

We appreciate the value of the small incorporated business owners in our local communities. That’s why we have designed an efficient and economical checking program just for them.

We appreciate the value of the small business owners in our local communities. That’s why we have designed a business account with minimal monthly fees. 

Explore More

Link to Overdraft protection PageOverdraft protection

Overdraft protection

For those "oops" moments.

Link to Savings PageSavings

Savings

Smart, simple ways to reach your goals.

Link to Moneypass ATM LocatorMoneypass ATMs

Moneypass ATMs

Surcharge-free ATMs wherever you go.