Skip to Main Content

Banking

Banking Made Simple & Easy

Banking Services

The Federal Savings Bank prides itself on being a national bank with a hometown feel. We can serve your personal needs, whether you are an individual looking for financial empowerment or a business seeking banking services.

We offer:

  • CDs
  • Checking and Savings Accounts
  • Money Markets
  • Zelle
  • A network of 55,000 ATMs across the nation
  • Mobile banking
Woman Smiling Shaking Hand of Customer
Gold Gears Icon

Business Banking

For more information about your banking options or to open an account, call 877.788.3520 to speak with one of our business bankers.

Sign In

SPECIAL CD PROMOTION – $10,000 MINIMUM BALANCE TO OPEN

**Promotional Rates CD – New Money & Renewals**

Term Limit to obtain APY Interest Rate Annual Percentage Yield (APY)
1 Year 4.070% 4.15%
18 Months 4.169% 4.25%
2 Year 4.269% 4.35%
3 Year 4.406% 4.50%
4 Year 4.456% 4.55%
5 Year 4.556% 4.65%

*Annual Percentage Yield (APY) is accurate as of 11/07/2022 and is subject to change. $10,000.00 minimum deposit to open and earn the stated CD APY, assumes interest remains on deposit until maturity. Offer valid for funds not currently on deposit with The Federal Savings Bank. A penalty may be imposed for early withdrawal, which would reduce earnings. For additional terms and conditions, call (312) 667-1980 or send an email to [email protected]

 **Virtual Money Market**

Minimum Balance to Open Interest Rate Annual Percentage Yield (APY)
$2,000 2.47% 2.50%
Click here to open a Virtual Money Market account

Minimum required to open a Virtual Money Market Account is $2,000.00. The above APY is based upon the interest rate and balance of $2,000.00. The above APY is accurate as of the effective date stated above. Rate and APY are variable and may change after the account is opened. Fees may reduce earnings on the account.

Deposit Rates and APYs

Below rates and APYs are for reflective for Savings Accounts, CDs, and Money Markets. All rates are active as of 8/10/22.

 

Interest Checking

Minimum Balance to Open Account Minimum Account Balance to obtain APY Interest Rate Annual Percentage Yield (APY)
$100.00 $100.00 0.10% 0.10%

 

Minimum required to open an Interest Checking Account is $100.00. The above APY is based upon the interest rate and balance of $100.00. The above APY is accurate as of the effective date stated above. Rate and APY are variable and may change after the account is opened. Fees may reduce earnings on the account.

Statement Savings

Minimum Balance to Open Account Minimum Account Balance to obtain APY Interest Rate Annual Percentage Yield (APY)
$25.00 $100.00 0.25% 0.25%

 

Minimum required to open a Savings Account is $25.00. The above APY is based upon the interest rate and balance of $100.00. The above APY is accurate as of the effective date stated above. Rate and APY are variable and may change after the account is opened. Fees may reduce earnings on the account.

Money Market

Minimum Account Balance to obtain APY Interest Rate Annual Percentage Yield (APY)
$1,000 – $9,999.99 0.15% 0.15%
$10,000 – $24,999.99 0.20% 0.20%
$25,000 – $49,999.99 0.30% 0.30%
$50,000 – $99,999.99 0.40% 0.40%
$100,000 and over 0.60% 0.60%

 

Minimum required to open a Money Market Account is $1000.00. The above APY is based upon the interest rate and balance of $1000.00. The above APY is accurate as of the effective date stated above. Rate and APY are variable and may change after the account is opened. Fees may reduce earnings on the account.

CD Rates

 

Term Limit to obtain APY Interest Rate Annual Percentage Yield (APY)
3 Month 0.20% 0.20%
6 Month 0.25% 0.25%
1 Year 0.30% 0.30%
18 Month 0.35% 0.35%
2 Year 0.40% 0.40%
3 Year 0.45% 0.45%
4 Year 0.50% 0.50%
5 Year 0.55% 0.55%

 

*Annual Percentage Yield (APY) is accurate as of 8/10/22 and is subject to change. $500.00 minimum deposit to open and earn the stated CD APY, assumes interest remains on deposit until maturity. Offer valid for funds not currently on deposit with The Federal Savings Bank. A penalty may be imposed for early withdrawal, which would reduce earnings. For additional terms and conditions, call (312) 667-1980 or send an email to [email protected]

Jumbo CD’s

Term Limit to obtain APY Interest Rate Annual Percentage Yield (APY)
3 Month 0.25% 0.25%
6 Month 0.30% 0.30%
1 Year 0.35% 0.35%
18 Month 0.40% 0.40%
2 Year 0.45% 0.45%
3 Year 0.50% 0.50%
4 Year 0.55% 0.55%
5 Year 0.60% 0.60%

 

*Annual Percentage Yield (APY) is accurate as of 11/03/2022 and is subject to change. $100,000.00 minimum deposit to open and earn the stated CD APY, assumes interest remains on deposit until maturity. Offer valid for funds not currently on deposit with The Federal Savings Bank. A penalty may be imposed for early withdrawal, which would reduce earnings. For additional terms and conditions, call (312) 667-1980 or send an email to [email protected]