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 105th largest bank in the state of Illinois. It is also the 1,776th largest bank in the nation. It was established in 2000 and as of December of 2018, it had grown to 1,040 employees at 2 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 (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!

 



Health
B+

Health Grade Components

Overall
FDIC Certificate #35518
Year Established2000
Employees1040
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD3.53%
Return on Equity - YTD16.27%
Annual Interest Income$13.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$395.7MM$363.7MM
LoansQ4 2018vs Q4 2017$353.5MM$310.6MM
DepositsQ4 2018vs Q4 2017$216.1MM$210.3MM
Equity CapitalQ4 2018vs Q4 2017$79.5MM$73.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$895.00K$1.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$4.6MM$4.0MM
Real Estate OwnedQ4 2018vs Q4 2017$473.00K$252.00K
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
3.30%$10k-5 Year Promotional CD
3.20%$10k-5 Year Promotional CD - Renewal Rate
2.80%$10k-3 Year Promotional CD
2.70%$10k-3 Year Promotional CD - Renewal Rate
2.60%$10k-14 Month Promotional CD
2.50%$10k-14 Month Promotional CD - Renewal Rate
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.