The Federal Savings Bank


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

The Federal Savings Bank is headquartered in Chicago and is the 42nd largest bank in the state of Illinois. It is also the 692nd largest bank in the nation. It was established in 2000 and as of December of 2020, it had grown to 1,717 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.

Reviews (2)

Great Refinance Experience...No Hassle

We refinanced our home with The Federal Savings Bank...What a Great Experience. No runarounds just the truth. Had been referred by a friend and glad we went with them. They were upfront with everything in the beginning and said what they would do and did what they said. They worked really hard, most everything was online, very easy. Great Rate with no hassle and a short start to finish. We closed, payoff in two days, we took out a little for home repairs that was deposited in two days, and can't say enough how much I highly recommend. No Scams here or High cost for pulling out a little for repairs.

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!).



Health

Health Grade Components

Overall
FDIC Certificate #35518
Year Established2000
Employees1717
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD10.97%
Return on Equity - YTD87.34%
Annual Interest Income$26.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.42B$604.5MM
LoansQ4 2020vs Q4 2019$1.28B$552.1MM
DepositsQ4 2020vs Q4 2019$1.19B$467.4MM
Equity CapitalQ4 2020vs Q4 2019$160.6MM$105.8MM
Loan Loss AllowanceQ4 2020vs Q4 2019$2.4MM$1.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$7.3MM$3.5MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
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

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