FirstFedDirect is running a promotion on their 12-month CD rates, with a APY of 5.41%. The minimum deposit to open an account an earn this interest rate is $10,000.
First Fed Direct is a member of the Federal Deposit Insurance Corporation and is a division of the First Federal Bank of California. Originally established in the year 1929, Firstfeddirect is a subsidiary of the First Federal Bank of California and has been serving Southern California communities for more than 75 years. A total of 10 billion dollars in assets are at the backing of Firstfeddirect and there are actually more than 30 Firstfeddirect branches for consumers to visit. Firstfeddirect is ranked third as the largest financial institution in the Los Angeles area. The ticker symbol for Firstfeddirect is FED and stock is available on the NYSE.
Firstfeddirect serves personal financial needs, commercial financial needs, and offers Internet saving options to its customers. Accounts can be opened at Firstfeddirect via online transactions or via the United States postal service. Online applications at Firstfeddirect are completely secure – all information shared with Firstfeddirect is encoded and scrambled to insure customer safety during transactions with Firstfeddirect. Firstfeddirect and the First Federal Bank of California also have lending services available, commercial banking, wealth assessment and investment services for customers interested in such services.
First deposits to open an account with Firstfeddirect must be made by check. Later, deposits can be made via transfer of funds, or via the mail. Accounts can be reviewed online day or night, thereby making the banking process simple and accessible. Firstfeddirect assures its customers no additional account fees, and requires that a minimum deposit of 1000.00 dollars be made to open an account.