The Federal Savings Bank


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 57th largest bank in the state of Illinois. It is also the 1,032nd largest bank in the nation. It was established in 2000 and as of June of 2019, it had grown to 1,041 employees at 2 locations. The Federal Savings Bank's money market rates are 36% higher than the national average, and it has an A health rating.

Related Posts

The Federal Savings Bank Offers Top-Rate 5-Year CD, 3.30% APY - 7/13/2019

The Federal Savings Bank is offering 3.30% APY on its nationally available 5-year Promotional CD. Minimum deposit is $10k of new money, with no stated balance cap.

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Reviews (3)

Waste Of Time

Posted by: stanley | Jul 12, 2019

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!).

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!

 



Health

Health Grade Components

Overall
FDIC Certificate #35518
Year Established2000
Employees1041
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD7.6%
Return on Equity - YTD46.97%
Annual Interest Income$10.3MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$750.4MM$298.5MM
LoansQ2 2019vs Q2 2018$547.2MM$251.7MM
DepositsQ2 2019vs Q2 2018$628.1MM$213.6MM
Equity CapitalQ2 2019vs Q2 2018$93.9MM$70.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.0MM$980.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$3.9MM$4.9MM
Real Estate OwnedQ2 2019vs Q2 2018$2.5MM$216.00K
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
1.35%$500-5 Year 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
0.75%$500-18 Month CD
0.70%$100k-1 Year Jumbo CD
0.65%$500-1 Year CD
0.40%$100k-6 Month Jumbo CD
0.35%$500-6 Month CD
0.25%$100k-3 Month Jumbo CD
0.20%$500-3 Month CD
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.