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First Fed Cash

Free Checking That Pays You High Dividends and Refunds on ATM Withdrawal Fees, Nationwide*

Free checking is nice, but we think free is how checking should be. Free checking that pays you? Now that’s something really special. That’s First Fed Cash.

Some interest-bearing accounts reserve the better rates for bigger balances. We flipped the script on that. Earn 2.01% APY1 on balances up to $10,000*! But that’s not all. We’ll pay you refunds on ATM withdrawal fees all across the country*! So stop paying for your money — let us pay you instead. Open your account today!


  • Free checking that pays high interest
    • 2.01% APY1 on balances up to $10,000*
    • 0.25% APY1 on balances over $10,000* 
    • 0.01% APY1 if qualifications aren't met*
  • Refunds on ATM withdrawal fees, nationwide (up to $20 monthly)*
  • Link to free First Fed Plus Savings to build savings automatically
  • No minimum balance to earn rewards
  • No monthly service fee
  • Free online banking & bill pay
  • Free eStatements
  • Free mobile banking with mobile deposit
  • Free MasterCard® debit card
  • Unlimited check writing
  • $50 minimum deposit to open

It’s Easy to Earn Rewards 

To earn your rewards, just do the following transactions and activities in your First Fed Cash account during each Monthly Qualification Cycle:

  • Have at least one direct deposit or ACH payment transaction post and settle
  • Have at least 12 signature-based debit card purchases post and settle
  • Be enrolled in and agree to receive eStatements

That's it. Even if you don't meet your qualifications during the cycle, your First Fed Cash account is still free. Plus, you'll still earn our base dividend rate. And you can get right back to earning your full rewards the very next month!

First Fed Rewards Qualifying Calendar

1APY=Annual Percentage Yield; *When monthly qualifications are met

For account information, click on the Truth in Savings disclosure link below:

First Fed Cash - Truth in Savings Disclosure