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Personal Deposit Rates

Deposit Rates and APYs effective as of 2/24/2016

APY = Annual Percentage Yield

Interest Checking

Tier Rate APY
0.01 or more 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.


Money Market

Tier Rate APY
0.01 to $9,999.99 0.15 % 0.15 %
$10,000.00 to $24,999.99 0.20 % 0.20 %
$25,000.00 to $49,999.99 0.30 % 0.30 %
$50,000.00 to $99,999.99 0.40 % 0.40 %
$100,000.00 + 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.


Statement Savings

Tier Rate APY
$0.01 or More 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.


CD's

Tier Rate APY
5 Year Promotional* 1.98 % 2.00 %
6 Month Promotional* 0.80 % 0.80 %
18 Month Promotional* 1.29 % 1.30 %
3 Month 0.20 % 0.20 %
1 Year 0.65 % 0.65 %
18 Month 0.75 % 0.75 %
2 Year 0.80 % 0.80 %
3 Year 0.90 % 0.90 %
4 Year 1.04 % 1.05 %

 

Minimum required to open a CD is $500.00.  The above APY is based upon the interest rate and balance of $500.00.  The above APY is accurate as of the effective date stated.  The APY’s for the above listed CD’s assume interest remains on deposit until maturity and a withdrawal will reduce earnings.  The listed CD’s may be subject to an early withdrawal penalty.

*Annual Percentage Yield (APY) is accurate as of 2/24/2016 and is subject to change. $10,000 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 contactus@thefederalsavingsbank.com.


JUMBO CD's

Tier Rate APY
3 Month 0.25 % 0.25 %
6 Month 0.40 % 0.40 %
1 Year 0.70 % 0.70 %
18 Month 0.80 % 0.80 %
2 Year 0.85 % 0.85 %
3 Year 0.95 % 0.95 %
4 Year 1.09 % 1.10 %
5 Year 1.39 % 1.40 %

 

Minimum required to open a Jumbo CD is $100,000.00.  The above APY is based upon the interest rate and balance of $100,000.00.  The above APY is accurate as of the effective date stated.  The APY’s for the above listed Jumbo CD’s assume interest remains on deposit until maturity and a withdrawal will reduce earnings.  The listed Jumbo CD’s may be subject to an early withdrawal penalty.