Dedicated to Deposits: Deals, Data, and Discussion
First Federal Savings and Loan Association (30812)2.50%--8 Year Jumbo CD
First Federal Savings and Loan Association (30812)1.75%--5 Year Jumbo CD
Accounts mentioned in this post. Rates as of August 22, 2014

The Highest CD Rate in the Nation at First Federal in Mississippi - Local Only


First Federal Savings and Loan Association (30812)

Even though few readers will be eligible for this CD, it’s interesting to note the bank with the highest CD rate for terms under 10 years. It’s First Federal Savings and Loan Association which is offering an 8-year CD with a 3.75% APY. This is a Jumbo CD which has a $100K minimum deposit. The Jumbo 5-year CD rate is also competitive at 2.75% APY. The yields are 25 basis points lower for a $1,000 minimum deposit. These rates are listed in the bank’s rates page as of 5/25/2011. The bank rep informed me that the early withdrawal penalty for both of these CDs is 6 months of interest.

The bank only accepts new customers in its market area which is in southeast Mississippi. First Federal branches are located in several southeast Mississippi cities including Vancleave, Gautier, Hurley, Ocean Springs, Moss Point and Pascagoula.

The bank has an overall health score at of 3 stars (out of 5) with a Texas Ratio of 18.26% (average) based on December 2010 data. Please refer to our financial overview of First Federal for more details. The bank has been a FDIC member since 1955 (FDIC Certificate # 30812).

How This Compares to the Best Nationally Available CD Rates

The best nationally available 7-year CD rate is currently 3.40% APY for a $20K deposit at Navy Federal Credit Union. Even though this is available nationwide, Navy Fed limits membership to those with certain connections to the military. The second best 7-year CD rate is 3.00% APY at Apple Federal Credit Union which provides for easier membership. Apple Fed also has the best nationally available 10-year CD rate of 3.50% APY. The highest CD rate in the nation is 4.09% APY for a 10-year term at San Antonio Federal Credit Union. This is a local-only deal.

To search for the best CD rates in your state or in the nation, please refer to the CD rates section of Be sure to use the "Filter Accounts" button above the table to compare accounts in your state.

  Tags: First Federal Savings and Loan Association (30812), Mississippi, CD rates

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Comment #1 by Anonymous posted on
A rate of 3.75% when it requires tying up money for 8 years is a terrible rate.  The corrupt Trojan horses on the Federal Reserve's "FOMC" interest rate and counterfeiting (a/k/a quantitative easing) committee have printed up trillions of dollars, more than tripling the U.S. monetary base already.  This will eventually translate into a tripling of prices.  But, it is very unlikely that they are finished with their mischief.

The casino-bankers, like JP Morgan Chase and Goldman Sachs, which both issue tens of trillions of dollars worth of derivatives that they cannot possibly pay off on if the wrong contingency happens, are firmly in control of the show.  They will induce a temporary cessation of "QE" at the end of June, and, when it happens, it is likelyl that precious metals, which are the only escape from these crooks, will temporarily plummet.  That will be a time to mobilize liquid deposits (and you should get involved with no other type of bank account) and BUY, BUY, BUY, if it happens. 

Buy gold, silver and platinum.  They will the worth more than now, 8 years hence.  Meanwhile, anyone who buys this CD, or any other now offered by banking institutions, will read his statement and think he's earned interest.  In truth, however, your CD investment will have a buying power equal to about 1/3rd of what it currently has, 8 years from now.

Comment #2 by Anonymous posted on
I should add that, it is almost a certainly, given that most of the casino-bankers are pushing for it, that QE will rise again, post-June, meaning that the buying power value of your CD will be worth far less than 1/3rd of its current value, in 8 years.

Comment #3 by Anonymous posted on
Oh it's so easy to tell someone else what they should do with their money.

I do agree CD interest rates are pitiful at the present time and the outlook for CD rates doesn't look any better.