FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Students

Student Savings

For students ages 14-24

 

Earns Interest, High
Flexibility

Start your banking journey with us! Our Student Savings account is the perfect choice for students.

icon_success

only $1 to open account

and a gift at opening

icon_check balance, mobile, phone

Accessible

Easy access to your funds with online and mobile banking

icon_profile, person, user

For students ages 14-24

(at age 25 account will be converted to a comparable account)

What To Prepare & Expect

Smiling senior woman looking her digital tablet while sitting on

Account Information

  • Students 15 -17 must have an adult owner on the accounts as a joint owner
  • $1 minimum balance required to open
  • Daily minimum balance to earn interest $10
  • No minimum balance requirements
  • No monthly service charge
  • $5 paper statement fee, fee waived if signed up for E-Statements
  • ATM Card Available
bigstock-Asian-Businesswoman-Reviewing--464833887

Documents Needed

  • Unexpired government issued photo ID
  • Social Security Card
  • Proof of address
bigstock-Portrait-Of-Stylish-Young-Dark-254632408

Rates and Other Information

  • Online Banking & Bill Pay
  • Mobile Banking & Mobile Deposit *
  • 24-hour TouchTel telephone banking
  • Access to over 14,000 ATM locations nationwide(other banks ATM fees may apply)

*carrier and/or data charges may apply

Open Your Bank Account in 3 Easy Steps

file-check-02
1

Request To Open Your Account

by filling out our form below

bank
2

Visit Your Local Branch

to complete the opening process

coins-stacked-02
3

Add the initial deposit

and start using your account

Bring Your Community Bank Wherever You Are

Do all your banking from the palm of your hand.

  • icon-square-pie-chart
    View balance information
  • icon-square-id-card
    Review detailed account activity
  • icon-square-wallet
    Transfer funds between your Accounts
  • icon-square-money-transfer
    Pay bills
  • icon-square-location-pin
    Find an ATM or branch near you
  • icon-square-credit-card-atm
    Manage you card- lock and unlock your card
  • icon-square-user
    Set up and manage travel plans
app store final
google play QR final
first federal savings of lorain mobile app

Frequently Asked Questions

Your account balance can be found in the mobile banking app, online banking, or by calling our Touchtel telephone banking at 440-282-2961

Log into online banking

If you do not have online banking, you will need to enroll first: visit our E-Statements page

New Users to online banking continue with these steps after enrollment

  • Click account tab
  • Click documents
  • A new window opens
  • Click yes
  • Review agreement and select I agree
  • For more detailed directions visit our E-Statements page

First Federal Savings of Lorain’s routing number is 241271342

There are many reasons a mobile deposited check may be rejected, which can include but are not limited to: The endorsement on the check does not include “For FFSL Mobile deposit only”, It is a third-party check; we do not accept third party checks. Checks must be endorsed and deposited by the payee.