Invest with confidence with our Promotional 12-month CD
*Annual Percentage Yield (APY) is accurate as of 11/17/2023 and is subject to change. $5,000.00 minimum deposit to open and earn the stated CD APY, assumes interest remains on deposit until maturity. Offer valid for renewals and 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 (847) 234-8484 or send an email to [email protected].
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:
For more information about your banking options or to open an account, call 877.788.3520 to speak with one of our business bankers.
**Promotional Rates CD – New Money & Renewals**
| Term Limit to obtain APY | Interest Rate | Annual Percentage Yield (APY) |
|---|---|---|
| 12 Months | 5.51% | 5.65% |
| 18 Months | 5.41% | 5.55% |
| 2 Year | 5.13% | 5.25% |
| 3 Year | 5.05% | 5.17% |
| 5 Year | 5.00% | 5.12% |
| Click here to open a CD account | ||
*Annual Percentage Yield (APY) is accurate as of 11/17/2023 and is subject to change. $5,000.00 minimum deposit to open and earn the stated CD APY, assumes interest remains on deposit until maturity. Offer valid for renewals and 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 (847) 234-8484 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% |
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.
1 Year and 18 Month CD, penalty is 180 days’ worth of interest. 2- and 3-Year CD, penalty is 365 days’ worth of interest.
Interest is accrued daily, compounded monthly.
Funding can be through a wire transfer, ACH or mailing a check.
IRA’s do not qualify for this promotion.
No bank membership is required, nor do you need to open a checking or savings.
All CD’s have a 10-day grace period at maturity and will auto renew after this time.
Request to close a CD at maturity, we can only mail a bank check, no wires or ACH method is available.
Additional disclosures and account information is available once you start your application.
Below rates and APYs are for reflective for Interest Checking and Savings Accounts. All rates are active as of 6/7/2023.
| 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.
| 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.