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The Federal Savings Bank


Overview / Commentary
www.thefederalsavingsbank.com
312-738-6000
300 N. Elizabeth St, Fl. 3E
Chicago, IL 60607

The Federal Savings Bank is headquartered in Chicago and is the 51st largest bank in the state of Illinois. It is also the 805th largest bank in the nation. It was established in 2000 and as of June of 2020, it had grown to 1,293 employees at 2 locations. The Federal Savings Bank's money market rates are 36% higher than the national average, and it boasts an A+ health rating.

Related Posts

The Federal Savings Banks Offers Promo CDs Nationwide Again - 9/21/2020

The Federal Savings Bank's nationally available Promo CDs can be opened as new or renewal CDs. The three Promo CD rates are currently very competitive.

Jumbo CD $10K, 5 Year, Rate Drop From 2.05% To Now 1.40% APY - 5/22/2020

https://www.thefederalsavingsbank.com/personal/deposit-rates

The Federal Savings Bank 5-Year CD Has Modest Rate Increase - 4/16/2020

The Federal Savings Bank's nationally available 5-year Promotional CD is currently earning 2.05% APY. Minimum opening deposit is $10k of new money.

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Reviews (1)

Waste Of Time

Posted by: |

I wasted an hour in an attempt to open a CD with this bank. They're incompetent and their website is for loans, not for purchasing CDs. If you want a CD they will mail you an application (SMH!).

16


Health
A+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #35518
Year Established2000
Employees1293
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD10.18%
Return on Equity - YTD73.64%
Annual Interest Income$11.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.16B$750.4MM
LoansQ2 2020vs Q2 2019$881.8MM$547.2MM
DepositsQ2 2020vs Q2 2019$960.7MM$628.1MM
Equity CapitalQ2 2020vs Q2 2019$133.1MM$93.9MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.9MM$1.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$5.0MM$3.9MM
Real Estate OwnedQ2 2020vs Q2 2019$194.00K$2.5MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not The 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.

The Federal Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$100-Statement Savings

The Federal Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Interest Checking

The Federal Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$100k-5 Year Jumbo CD - New Money
1.35%$500-5 Year CD - New Money
1.10%$100k-4 Year Jumbo CD - New Money
1.05%$500-4 Year CD - New Money
0.95%$100k-3 Year Jumbo CD - New Money
0.90%$500-3 Year CD - New Money
0.85%$100k-2 Year Jumbo CD - New Money
0.80%$500-2 Year CD - New Money
0.80%$100k-18 Month Jumbo CD - New Money
0.75%$500-18 Month CD - New Money
0.70%$100k-1 Year Jumbo CD - New Money
0.65%$500-1 Year CD - New Money
0.40%$100k-6 Month Jumbo CD - New Money
0.35%$500-6 Month CD - New Money
0.25%$100k-3 Month Jumbo CD - New Money
0.20%$500-3 Month CD - New Money
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.