F

First Federal Community Bank

Best ForHigh-Yield Cash Savers
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

First Federal Community Bank provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.

Originally known as the Dover Building and Loan Company of Canal Dover, First Federal Community Bank has been serving Northeast Ohio since 1898. Since that time, we have grown considerably, opening six locations in New Philadelphia, Dover, Sugarcreek, Berlin and Mt. Hope.

We truly believe banking is as much about people as it is about money. And although our dedication to old-fashioned customer service will never change, our commitment to innovation is equally strong. We are dedicated to continuously updating our products and services, from giving you the freedom to deposit checks at home to offering free checking that rewards you in ways you'll love.

Whether you are opening your first checking account, planning for retirement, or starting your own business, First Federal offers the modern convenience you expect and the personal service you deserve.

Key Features

Banking & Access

Basic account access provided.

Investment Options

This provider focuses on cash savings without investment options.

Security & Insurance

Deposits are FDIC/NCUA insured for your protection.

Account Details

Requires $50 minimum balance. no account opening fees.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance$0.00$0.69EXCELLENT
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Savings-Only Account

First Federal Community Bank currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.

Interest Rates

Standard Rates

Balance RangeAPY
$0 - $1,0000.05%
$1,000 - $5,0000.06%
$5,000 - $25,0001.00%
$25,000 - $50,0002.17%
$50,000+3.04%

Last updated: 11-11-2024

Contact Information

Address

321 N Wooster Ave Dover, OH 44622 Customer Service

Customer Service

330-364-7777

321 N Wooster Ave Dover, OH 44622 Customer Service

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~3.04%
Debit CardNot included
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • No account opening or closing fees
  • FDIC/NCUA insured deposits
  • Competitive APY up to 3.04%

The Bad

  • No investment options available
  • No online banking
  • No debit card included

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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