Savings Accounts
Citizens Federal offers several deposit plans. Each is fully protected by FDIC deposit insurance. If you enjoy the convenience of having all your transactions recorded in one place, we are one of the few financial institutions that still offers the traditional passbook savings. Or if you don't want to keep track of a passbook, we have a statement savings account which can be accessed at our offices and at any ATM location. Also available is a special account for Christmas Savings.
Savings Rates
Passbook Savings
Minimum to open is $20.00
Earns a rate of .75% and APY of .75%
(APY is Average Percentage Yield)
No ATM access
Must present passbook for all transactions
Statement Savings
Minimum to open is $20.00
Earns a rate of .75% and APY of .75%
ATM access ( Fees charged when using any machine other than Citizens Federal's)
Monthly Statement
Christmas Savings
Minimum to open is $20.00
Earns a rate of .75% and APY of .75%
Starting date November 1st
Deposits of any amount, no withdrawals
Cutoff mid October, check automatically mailed
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Since 1997, Citizens Federal has sponsored a School Savings program at Bellefontaine and Benjamin Logan Elementary Schools, Calvary Christian and to Home School Children. The program is operated one day each week in the school by parent and student volunteers. It is our goal to work together with the schools and parents to teach our children to be more financially responsible and work toward a more secure future.
Ask your child's school office for a New Account Application Packet.
$1.00 provided by Citizens Federal to each student who applies.
Deposits of any amount accepted at the school or our offices.
Withdrawals done only at our offices, require both the student and parent to sign.
Earns a rate of 1.75% and APY of 1.77%
Quarterly statement
Monthly prize drawings
Eligible until 18 years of age or until high school graduation.
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