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Personal Savings Account

Federated Bank offers a variety of personal savings account products to help you as you set aside money for the future.

Savings Account – Save for the Future

Minimum Opening Deposit $100.00
Minimum balance required to avoid service charge $100.00
Minimum balance required to earn interest $100.00
Interest Rate See Rate Sheet
Annual Percentage Yield (APY) See Rate Sheet
Interest Computation Method Daily Balance*
Interest will be compounded Quarterly
Interest credited Quarterly
Fee Per Withdrawals $3.00 after 5 per month
Monthly Service Charge $5.00 if at any time during the month the balance falls below $100.00

Certificates of Deposit – Grow Your Retirement Investment Dollars

Certificates of deposit provide the security of a savings account with higher interest. You earn a guaranteed interest rate based on the length of time your money is in the Certificate of Deposit. This is a safe and secure way to allow your retirement investment to grow.

Check Current Rates

Health Savings Account – Manage Your Health Care Costs

A Health Savings Account (HSA) is a medical savings account that is designed to help you secure more affordable health coverage.  The funds contributed to the account are not subject to income tax at the time of deposit and may be used for qualified medical expenses at any time without tax liability.  The HSA is flexible, affordable, and easy to use.

Monthly Service Charge $5.00 if at any time during the month the balance falls below $1000.00