If you’re looking for new savings account available nationwide, The Federal Savings Bank Online Money Market Account is offering you 2.50% APY on your funds.
Continue reading below to learn everything you need to know about The Federal Savings Bank Online Money Market account.
Table of Contents
About The Federal Savings Bank
Headquartered in Chicago, The Federal Savings Bank is the 69th largest bank in the state of Illinois and the 1,262nd largest bank in the nation. Established in 2000, it had grown to 1,373 employees at 2 locations. The Federal Savings Bank has a B+ health rating.
The Federal Savings Bank Online Money Market Account
Here is your opportunity to earn a high interest rate on your funds. Open a new account to start earning interest and get started today!
- Account Type: Online Money Market
- Interest Rate: 2.50% APY
- Availability: Nationwide
- Minimum Balance: $2,000
- Maximum Balance: None
- Credit Inquiry: Unknown
- Credit Funding: Unknown
- Opening Deposit: $10,000
- Monthly Fee: None
- Early Termination Fee: None listed
(FDIC Insured)
The Federal Savings Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | |
| Pull | ? | ? | ? |
Account Rates
| Balance | APY |
| $2,000+ | 2.50% APY |
Account Benefits
- No monthly service charge
- Interest bearing account with varying rates, compounded and credited monthly
- Access to Mobile and Online Banking
Author’s Verdict
No doubt that this account offers a competitive rate, but prior to opening this account, be sure that this incurs only a soft pull. Otherwise, there are better accounts with the same rate or better without a hard pull.
In addition to the current rate from The Federal Savings Bank, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
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