Featured Savings Rates
Featured Accounts

The Federal Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.40%5-year CD5 Year Jumbo CD
0.65%1-year CD1 Year CD
0.25%SavingsStatement Savings Account

Overview / Commentary
877-788-3520
300 North Elizabeth Street, Floor 3e
Chicago, IL 60607

The Federal Savings Bank is headquartered in Chicago and is the 141st largest bank in the state of Illinois. It is also the 2,264th largest bank in the nation. It was established in 2000 and as of March of 2016, it had grown to 726 employees at 3 locations. The Federal Savings Bank's money market rates are 36% higher than the national average, and it has a B+ health rating.

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Reviews (1)

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!

 



Health
B+

Health Grade Components

Overall
FDIC Certificate #35518
Year Established2000
Employees726
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD3.22%
Return on Equity - YTD20.61%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$288.1MM$308.4MM
LoansQ1 2016vs Q1 2015$247.1MM$256.1MM
DepositsQ1 2016vs Q1 2015$201.3MM$260.8MM
Equity CapitalQ1 2016vs Q1 2015$45.8MM$33.9MM
Loan Loss AllowanceQ1 2016vs Q1 2015$726.00K$352.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$1.5MM$1.4MM
Real Estate OwnedQ1 2016vs Q1 2015$372.00K$284.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Statement Savings Account

The Federal Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Money Market
OTHER TIERS: 0.15% Up to $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%--Interest Checking

The Federal Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$10k-5 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%$500-2 Year CD
0.80%$100k-18 Month Jumbo CD
0.80%$10k-6 Month Promotional CD
0.75%$500-18 Month 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 IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$500-4 Year IRA
0.90%$500-3 Year IRA
0.80%$500-2 Year IRA
0.75%$500-18 Month IRA
0.65%$500-1 Year IRA
0.20%$500-3 Month IRA
Locations


The Federal Savings Bank Locations
The Federal Savings Bank300 North Elizabeth Street, Floor 3eChicago, IL 60607
Lake Forest Branch664 N. Western AvenueLake Forest, IL 60045
Chicago Branch7900 College BoulevardOverland Park, KS 66210