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Savings

 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 and obtain the advertised APY* $20.00
Interest bearing account – see Savings Rates
No ATM access
Must present passbook for all transactions
 

Statement Savings

Minimum to open and obtain the advertised APY* $20.00
Interest bearing account –see Savings Rates
ATM access (fees are charged when using any machine other than Citizens Federal’s)
Monthly Statement
 

Christmas Savings

Minimum to open and obtain the advertised APY* $20.00
Interest bearing account – see Savings Rates
Starting date November 1st
Deposits of any amount, no withdrawals
Cutoff date mid October, check automatically mailed
 

Health Savings Account

A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents. To qualify you must be covered under a high-deductible health plan (HDHP). Contact your insurance agent to see if you qualify for a HSA.
 
Minimum to open and obtain the advertised APY * $20.00
Interest bearing account – see Savings Rates
Checking Account with Debit Card access
Monthly Statement
 
*APY – Annual Percentage Yield
 
At our discretion, we may change the interest rate on your account at any time.
 
Do you have questions about FDIC Deposit Insurance? Check out the FDIC Electronic Deposit Insurance Estimator (EDIE) at https://www.fdic.gov/edie. This site supplies very beneficial information, along with a tutorial about FDIC Insurance.

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