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Central Federal Savings and Loan Association


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
centralfederalsavings.com
708-656-5000
5953 W Cermak Road
Cicero, IL 60804

Central Federal Savings and Loan Association is headquartered in CICERO and is the 199th largest bank in the state of Illinois. It is also the 3,086th largest bank in the nation. It was established in 1892 and as of March of 2025, it had grown to 45 employees at 3 locations. Central Federal Savings and Loan Association's money market rates are 8X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #28425
Year Established1892
Employees45
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.22%
Return on Equity - YTD-2.37%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$194MM$198.6MM
LoansQ1 2025vs Q1 2024$130.7MM$131.2MM
DepositsQ1 2025vs Q1 2024$165.8MM$167.7MM
Equity CapitalQ1 2025vs Q1 2024$18.5MM$18MM
Loan Loss AllowanceQ1 2025vs Q1 2024$1.5MM$1.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1.1MM$1.4MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Central Federal Savings and Loan Association Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$20k*-Passbook Savings
OTHER TIERS: 0.01% → $0 - $1k | 0.03% → $1k - $20k
0.05%*$20k*-Statement Savings
OTHER TIERS: 0.01% → $0 - $1k | 0.03% → $1k - $20k
0.05%*$20k*-Christmas Club
OTHER TIERS: 0.01% → $0 - $1k | 0.03% → $1k - $20k
0.05%*$20k*-Kid Saver
OTHER TIERS: 0.01% → $0 - $1k | 0.03% → $1k - $20k

Central Federal Savings and Loan Association Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$100k*-Premier High Yield Money Market
OTHER TIERS: 0.15% → $0 - $50k | 0.25% → $50k - $100k
0.15%*$100k*-Platinum Money Market
OTHER TIERS: 0.03% → $0 - $10k | 0.05% → $10k - $50k | 0.10% → $50k - $100k
0.03%$2.5k-Gold Money Market

Central Federal Savings and Loan Association Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$50k*-Preferred Checking with Interest
OTHER TIERS: 0.01% → $5k - $20k | 0.03% → $20k - $50k
0.03%$2.5k-Super Checking with Interest
0.02%$200-Basic Checking with Interest

Central Federal Savings and Loan Association CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.05%$2.5k-8 Month CD Special - New Money
3.65%$2.5k-7 Month CD Special
3.50%$2.5k-13 Month CD Special
2.90%$2.5k-25 Month CD Special
2.90%$2.5k-37 Month CD Special
2.90%$2.5k-59 Month CD Special
2.90%$2.5k-19 Month CD Special
2.90%$2.5k-47 Month CD Special
0.15%$500-5 Year CD
0.15%$500-4 Year CD
0.15%$500-3 Year CD
0.15%$500-30 Month CD
0.15%$500-24 Month CD
0.14%$10k-24 Month - Monthly Check Transfer CD
0.14%$10k-30 Month - Monthly Check Transfer CD
0.14%$10k-3 Year CD - Monthly Check Transfer CD
0.14%$10k-4 Year CD - Monthly Check Transfer CD
0.14%$10k-5 Year CD - Monthly Check Transfer CD
0.10%$500-18 Month CD
0.09%$10k-18 Month - Monthly Check Transfer CD
0.05%$2.5k-12 Month CD
0.04%$2.5k-182 Day CD
0.04%$10k-12 Month - Monthly Check Transfer CD
0.03%$2.5k-91 Day CD
0.02%$2.5k-31 Day CD

Central Federal Savings and Loan Association IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.65%$50k-12 Month IRA CD Special - IRA Rollover
3.50%$2.5k-12 Month IRA CD Special
Locations


Central Federal Savings and Loan Association Locations
LA Grange Park Branch1921 E 31st St.La Grange Park, IL 60526
Central Federal Savings and Loan Association5953 W Cermak RdCicero, IL 60804
6940 W Ogden Ave Branch6940 West Ogden AvenueBerwyn, IL 60402

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