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The Federal Savings Bank

Popular Accounts at this Bank

1.40%5-year CD5 Year Jumbo CD
0.65%1-year CD1 Year CD
0.25%SavingsStatement Savings

Overview / Commentary
300 North Elizabeth Street, Floor 3e
Chicago, IL 60607

Related Posts

CD Specials At The Federal Savings Bank In Chicago - 7/14/2017

Four promotional CDs being offered. Only two are noteworthy: 2.35% APY 5 Year 1.75% APY 2 Year $10,000 minimum New money

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Reviews (2)

Dishonest Don't Use

Posted by: Paula Os | Oct 12, 2017

Being sued by Citibank for fraudulently using social security numbers. Will not give receipts or contract like other banks. Very incompetent workers and have gang bangers stealing your info

The Federal Savings Bank Is A Scam!

Posted by: llrdwgn | May 27, 2013


Dwayne Jacobs called us on 4/26/13 to offer us a 2.5% refi rate. We filled out the paperwork, but he never contacted us; we always had to contact him. We paid for and received the appraisal. He promised us a closing date of 5/31/13 or before, but had not been in contact with us to set things up. We contacted him on 5/23 only to learn that we had not locked in on the rate and there was nothing he could do about it. Now we are out the appraisal fee and the rates have gone up! This bank is a scam - do not use them!



Potential risks to the financial health of this bank may exist that may not be visible from the financial reports used to derive health ratings.

FDIC Certificate #35518
Year Established2000
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD5.13%
Return on Equity - YTD21.71%
Annual Interest Income$9.3MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$341.9MM$458.6MM
LoansQ3 2017vs Q3 2016$293.6MM$407.4MM
DepositsQ3 2017vs Q3 2016$246.0MM$353.6MM
Equity CapitalQ3 2017vs Q3 2016$76.2MM$60.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$1.6MM$747.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$2.1MM$1.6MM
Real Estate OwnedQ3 2017vs Q3 2016$252.00K$283.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Federal Savings Bank Savings Account Rates

0.25%$100-Statement Savings

The Federal Savings Bank Money Market Rates

0.60%*$100k*-Money Market
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k

The Federal Savings Bank Checking Account Rates

0.10%$100-Interest Checking

The Federal Savings Bank CD Rates

2.35%$10k-5 Year Promotional CD
1.75%$10k-2 Year Promotional CD
1.40%$100k-5 Year Jumbo CD
1.30%$10k-18 Month Promotional CD
1.10%$100k-4 Year Jumbo CD
1.05%$500-4 Year CD
0.95%$100k-3 Year Jumbo CD
0.90%$500-3 Year CD
0.85%$100k-2 Year Jumbo CD
0.80%$100k-18 Month Jumbo CD
0.80%$10k-6 Month Promotional CD
0.70%$100k-1 Year Jumbo CD
0.65%$500-1 Year CD
0.40%$100k-6 Month Jumbo CD
0.25%$100k-3 Month Jumbo CD
0.20%$500-3 Month CD

The Federal Savings Bank Locations
The Federal Savings Bank300 North Elizabeth Street, Floor 3eChicago, IL 60607
Deerpath Branch664 N Western AveLake Forest, IL 60045