Security Federal Savings Bank is headquartered in Logansport and is the 52nd largest bank in the state of Indiana. It is also the 2,393rd largest bank in the nation. It was established in 1934 and as of June of 2019, it had grown to 73 employees at 5 locations. Security Federal Savings Bank's money market rates are 70% higher than the national average, and it boasts an A+ health rating.
Provides Great Service with a personal Touch
I have had an account at this bank since before I can remember. My parents and grandparents both deposited money into it as I was growing up, and I have had an account all my life (22 now). Though I have never received much in interest (I think I get .13% in my savings account) my account has always been free. As a minor I received free checking and saving, and now I receive free checking and saving as a student. All I have to do is provide proof of my enrollment (a simple class schedule suffices). In terms of service, I have never had any problems cashing checks, receiving new checks, or suffered any penalties from overdrawing my account. I only overdrew once and I simply went to the bank and they actually removed the charge. After that I got my checking account tied to my savings account and now overdraft fees won't happen unless I run through all the money in both accounts. Finally, I have always enjoyed the employees of the bank. While none of them know me on sight (I'm not there often) they have always been kind and helpful. I haven't personally tried the online banking but the rest of my family has used it with no problem. I would definitely recommend the bank to anyone in the area!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28894 |
| Year Established | 1934 |
| Employees | 73 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.63% |
| Return on Equity - YTD | 5.21% |
| Annual Interest Income | $5.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $266.2MM$244.7MM |
| Loans | Q2 2019vs Q2 2018 | $199.3MM$176.1MM |
| Deposits | Q2 2019vs Q2 2018 | $221.0MM$199.2MM |
| Equity Capital | Q2 2019vs Q2 2018 | $32.7MM$30.3MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.7MM$2.0MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $847.00K$2.1MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $10.00K$0 |
Always verify rates and promotions with the bank or credit union. We are not Security Federal Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Security Federal Savings Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $2.5k* | - | Health Savings Account | ||
| OTHER TIERS: 0.30% → Up to $2.5k | |||||
| 0.30% | $500 | - | Personal Savings Account | ||
| 0.30% | - | - | Youth Savings | ||
| 0.30% | - | - | Christmas Club Account | ||
Security Federal Savings Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $1m* | - | Personal Money market | ||
| OTHER TIERS: 0.30% → Up to $100k | 0.40% → $100k - $250k | 0.50% → $250k - $500k | 0.60% → $500k - $1m | |||||
Security Federal Savings Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.05%* | $25k* | - | Interest Checking Account | ||
| OTHER TIERS: 0.02% → Up to $25k | |||||
Security Federal Savings Bank CD Rates
Security Federal Savings Bank IRA Rates
| Security Federal Savings Bank Locations | ||
|---|---|---|
| Washington Street Branch | 1260 South Washington Street | Delphi, IN 46923 |
| Mall Road Branch | 300 Mall Road | Logansport, IN 46947 |
| Security Federal Savings Bank | 314 Fourth St | Logansport, IN 46947 |
| Markland Avenue Branch | 519 East Markland Avenue | Kokomo, IN 46901 |
| Lafayette Office Branch | 3920 Mccarty Lane | Lafayette, IN 47905 |