Deposit Terms and Conditions
Deposit Rates
Please call First Federal Savings & Loan Association of Valdosta, 229-244-0164 to verify all rates or you can call our RATE LINE available on our SUPER TELLER @ 229-249-8825. Remember that you may reach our Customer Service Representatives by email at customerservice@1stfederalvaldosta.com or by choosing the CHAT feature on that product page. Rates are subject to change at any time.
Deposit Terms and Conditions
Savings
|
Product
|
Minimum to Open
|
Min. Daily Balance to Earn APY
|
|---|
|
Statement Savings
|
100.00
|
100.00
|
|
Christmas Club Savings
|
10.00
|
10.00
|
*Annual Percentage Yield (APY) and rate subject to change without notice, rate may also change after the account is opened, and other factors/fees may reduce account earnings. Please contact our customer service staff for terms and conditions on these accounts.
|
Checking Accounts
|
Product
|
Minimum to Open
|
Min. Daily Balance to Earn APY
|
|---|
|
Student Smart Choice Checking
|
25.00
|
N/A
|
|
Smart Choice Checking
|
50.00
|
N/A
|
|
Premier acct, Senior, Sole Proprietor
|
200.00
|
500 - 4,999
5,000 - 9,999
10,000 and over
|
|
Small Business Checking
|
200.00
|
None
|
|
Business Checking
|
200.00
|
None
|
*Annual Percentage Yield (APY) and rate subject to change without notice, rate may also change after the account is opened, and other factors/fees may reduce account earnings. Please contact our customer service staff for terms and conditions on these accounts.
|
Money Market
|
Minimum to Open
|
Minimum Daily Balance to Earn APY
|
|---|
|
1000.00
|
1,000 – 9,999
10,000 - 24,999
25,000 - 99,999
100,000 - 499,999
500,000 - 999,999
1,000,000 and over
|
*Annual Percentage Yield (APY) and rate subject to change without notice, rate may also change after the account is opened, and other factors/fees may reduce account earnings. Please contact our customer service staff for terms and conditions on these accounts.
|
Certificates of Deposit
|
Term**
|
Minimum to Open
|
Min. Daily Balance to earn APY
|
|---|
|
91 day
|
1,000.00
|
1,000.00
|
|
182 days
|
1,000.00
|
1,000.00
|
|
1 year
|
1,000.00
|
1,000.00
|
|
13 month
|
1,000.00
|
1,000.00
|
|
2 years
|
1,000.00
|
1,000.00
|
|
25 month
|
1,000.00
|
1,000.00
|
|
3 years
|
1,000.00
|
1,000.00
|
|
3 yr. Youth Variable
|
250.00
|
250.00
|
|
37 month Bump-up
|
1,000.00
|
1,000.00
|
|
4 years
|
1,000.00
|
1,000.00
|
|
5 years
|
1,000.00
|
1,000.00
|
*Annual Percentage Yield (APY) and rate subject to change without notice.
**Withdrawal prior to maturity date could be subject to substantial penalties. Please contact our customer service staff for terms and conditions on these accounts
|
Traditional IRA, & Roth IRA Accounts
|
Term
|
Minimum to Open
|
Min. Daily Balance to Earn APY
|
|---|
|
1 Year
|
250.00
|
250.00
|
|
2 Years
|
250.00
|
250.00
|
|
3 Years
|
250.00
|
250.00
|
|
5 Years
|
250.00
|
250.00
|
|
5 Year Variable
|
250.00
|
250.00
|
*Annual Percentage Yield (APY) and rate subject to change without notice. Withdrawal prior to maturity date could be subject to substantial penalties. Please contact our customer service staff for terms and conditions on these accounts
|
Health Savings Account
|
Product
|
Minimum to Open
|
Min. Daily Balance to Earn APY
|
|---|
|
Health Savings Account
|
100.00
|
500.00
|
*Annual Percentage Yield (APY) and rate subject to change without notice. Please contact our customer service staff for terms and conditions on these accounts
|
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
