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 113th largest bank in the state of Illinois. It is also the 1,856th largest bank in the nation. It was established in 2000 and as of June of 2016, it had grown to 797 employees at 3 locations. The Federal Savings Bank's money market rates are 36% higher than the national average, and it boasts an A+ 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
A+

Health Grade Components

Overall
FDIC Certificate #35518
Year Established2000
Employees797
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD5.39%
Return on Equity - YTD35.8%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$365.4MM$287.7MM
LoansQ2 2016vs Q2 2015$324.7MM$242.2MM
DepositsQ2 2016vs Q2 2015$272.3MM$218.2MM
Equity CapitalQ2 2016vs Q2 2015$52.0MM$36.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$740.00K$411.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.8MM$1.7MM
Real Estate OwnedQ2 2016vs Q2 2015$283.00K$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
1.60%$10k-3 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
Deerpath Branch664 N Western AveLake Forest, IL 60045