Personal Savings

All of the Federation Bank savings accounts include free WebBank internet banking, free online statements and free overdraft sweeps.  Please contact us for more information.

Certificate of Deposit (CDs)

A safe and competitive investment

  • FDIC Insured up to $250,000
  • Guaranteed interest rate
  • Terms from 91 days, up to 60 months available
  • Be sure to ask about our CD Specials

Money Market

You deserve to earn more

  • Four tiers of interest rates
  • $1,000 minimum to open
  • No minimum balance to maintain to keep account open

Health Savings Accounts (HSA's)

For our customers with a high deductible health plan

  • Variable interest rate on entire balance
  • $50 minimum to open
  • No minimum balance to maintain
  • Unlimited check writing
  • No monthly service fee

Individual Retirement Accounts (IRA's)

The way to save for your retirement

  • FDIC insured separately from other deposit accounts - up to $250,000
  • Guaranteed interest rates

Statement Savings

Great savings convenience

  • Earn interest on your deposits with low minimum balance requirements
  • $50.00 minimum to open
  • Avoid a $5.00 service charge by maintaining a $50 average daily balance

PennySavers Club

Our exclusive club for ages 0-13

  • Includes free piggy bank at opening
  • Reward with every deposit $5.00 and greater
  • Privilege to attend PennySavers Club parties
  • $10.00 minimum to open

Christmas Club

An EASY way to save for the holidays. Flexible account designed to fit the needs of everyone.

  • Ability to make weekly, bi-weekly, bi-monthly, or monthly deposits
  • You get to choose the amount you want to reach for as a goal (and to earn as a bonus)
  • Bonus paid if “goal” is met without making a withdrawal and the account is opened before January 1st
  • Bonus is equal to one week’s deposit and must be determined by January 1st
  • Bonus not to exceed $100
  • You will be paid your full balance (plus bonus if you qualify) in October
  • In addition to the bonus, you also earn interest paid on your entire balance
    • See current rate sheet for interest rate and annual percentage yield. Interest rate may vary
  • Open the account with just $10.00