The Federal Savings Bank


Overview / Commentary
312-738-6000
4000 W Diversey Ave
Chicago, IL 60639

The Federal Savings Bank is headquartered in Chicago and is the 64th largest bank in the state of Illinois. It is also the 1,201st largest bank in the nation. It was established in 2000 and as of December of 2021, it had grown to 1,651 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 (3)

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.

SCAMMER ALERT VETERANS

Posted by: |

SCAM ALERT - Took us for 1/3 of our monthly income - and did not return phone calls or emails

Then was contacted after several attempts to get answers- and was offered a small $250 Walmart Gift Card to apologize for any inconveniences for food which we never received

They are clever CROOKS - My Brother & Sister Veterans - Please avoid these Smooth talking Crooks by all costs - High Class Scam Artists

Lied to us - and placed hard financial hard ship on our family which we hardly never recovered from

I was Swindled by the Title of a Vice President himself Brandon Downs

CROOKS - CRIMINALS - LIARS

Sincerely- US ARMY DISABLED VETERAN - OPERATION IRAQI FREEDOM 2007 - 2008

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
Employees1651
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD5.72%
Return on Equity - YTD35.96%
Annual Interest Income$25.1MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$796.6MM$1.42B
LoansQ4 2021vs Q4 2020$614.7MM$1.28B
DepositsQ4 2021vs Q4 2020$584.7MM$1.19B
Equity CapitalQ4 2021vs Q4 2020$165.7MM$160.6MM
Loan Loss AllowanceQ4 2021vs Q4 2020$2.3MM$2.4MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$5.2MM$7.3MM
Real Estate OwnedQ4 2021vs Q4 2020$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
0.60%$100k-5 Year Jumbo CD - New Money
0.55%$500-5 Year CD - New Money
0.55%$100k-4 Year Jumbo CD - New Money
0.50%$500-4 Year CD - New Money
0.50%$100k-3 Year Jumbo CD - New Money
0.45%$500-3 Year CD - New Money
0.45%$100k-2 Year Jumbo CD - New Money
0.40%$500-2 Year CD - New Money
0.40%$100k-18 Month Jumbo CD - New Money
0.35%$100k-1 Year Jumbo CD - New Money
0.35%$500-18 Month CD - New Money
0.30%$500-1 Year CD - New Money
0.30%$100k-6 Month Jumbo CD - New Money
0.25%$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 Bank4000 W Diversey AveChicago, IL 60639
Deerpath Branch664 N Western AveLake Forest, IL 60045

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