Federal Savings also has an address in Seattle. On March 8, Washington State officials in the State Securities Division issued a cease and desist order to this business. The Securities Division alleges that the websites are "making material misrepresentations regarding the investments offered based upon vague and misleading information."
Similar opinions were in my February post on Federal Savings from Bankrate and from several commenters.
If you're planning to purchase a bank product on the web, make sure the website belongs to a real bank or credit union. You can confirm the web address by checking with the FDIC or NCUA database. See this post for more information.