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
Monthly service charge*:
$5.00
*If at any time during the statement period the balance falls below $100.00
Statement Period:
Monthly
Minimum balance required to earn interest:
$100.00
Interest Rate:
Annual Percentage Yield (APY):
Interest Computation Method:
Daily Balance*
Interest will be compounded:
Quarterly
Fee Per Withdrawals:
$3.00 after 5 per month
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.
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