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Local Savings Accounts in Indiana

What are your financial goals? Whether you’re saving up for a down payment, preparing for holiday expenses, teaching your child how to manage their money or just trying to build your emergency fund, we’re proud to offer some of the best savings accounts in Indiana.

No matter your savings goal, we have secure savings plans for every stage of life. With Security Federal, get ready to save, and more importantly, get ready to earn.

Ready to Start Saving?

Personal Savings A great first step in your savings plan.
$0 minimum to open $0 monthly service fee Competitive interest rate - See Rates

Youth Savings An account for under 18 years old.
$0 minimum to open $0 monthly service fee Competitive interest rate An account opened by an adult for those under 18 years old under the Indiana Uniform Transfer to minors Act (INUTMA)

Christmas Club Saving for annual expenses has never been easier.
$0 minimum to open $0 monthly service fee Early withdrawal fee applies (see disclosure) Competitive interest rate

Certificate of Deposits A special type of savings account.
A CD is also called a “time deposit.” The funds in the CD must be kept for a specific period of time to avoid early withdrawal penalties. Generally, the longer the term of the certificate the higher the rate of interest earned. Minimum deposit is required to open account. Please see us for details. Competitive interest rate - See Rates

Open your account online in just a few minutes.

OPEN / APPLY

Grow your savings automatically with our “Keep the Change” savings program.

“Keep the Change” is an add-on feature that makes your regular saving effortless. With “Keep the Change,” every time you make a purchase with your Security Federal debit card, your purchase is rounded up to the nearest dollar, and the spare change is automatically transferred to your savings account.

Learn more about how a round-up savings program works on our blog. Contact us today to add it to your Security Federal accounts.

Need something slightly different?

View our personal banking brochure or business banking brochure below.

Business Banking Brochure

Have a High-Deductible Health Plan?

No one enjoys spending a lot of money on their healthcare. With a Health Savings Account (HSA), you can set aside money on a pre-tax basis to pay for qualified medical expenses. This may help you lower your overall health care costs, meaning more money in your bank account (or more treats for you).

To open an HSA, you must have an HSA-eligible plan. Learn more about HSAs and their requirements on the HealthCare.gov website.

Health Savings Account Use your HSA to pay for qualified medical expenses.
Flexible, tax-free, and yours when you need it. $0 minimum to open $0 monthly service fee Check writing available Competitive interest rate - tiered - See Rates

HealthyU HSA MMDA Use your HSA to pay for qualified medical expenses.
Flexible, tax-free, and yours when you need it. $0 minimum to open $0 monthly service fee Competitive interest rate - tiered - See Rates

Stop by your closest branch today to open your Health Savings Account.

Find Branch Location

Want to Earn More Without Losing Access?

Are you looking for a way to earn more interest on a higher balance but you want to have easy access to use your money? Personal Money Market accounts offer the ability to earn more interest than our traditional savings accounts – without restricting your ability to make withdrawals.

Personal Money Market A special account for individuals who want to earn a higher rate of interest.
Only $2,500 minimum to open Only $2,500 minimum balance required to avoid a $10.00 monthly service fee (see disclosure) Competitive interest rate - tiered - See Rates

SecFed High Yield Money Market Providing you premium tiered rates for even greater earning potential.
Only $50 minimum to open Only $5,000 minimum balance required to avoid a $7.50 monthly service fee Competitive interest rate - tiered - See Rates Interest paid on balances up to $7.5 million