Security Federal Savings Bank

Savings, Money Markets, & Health Savings Accounts

Are you trying to save for a down payment for a home? Want to stash some money for holiday expenses? Maybe you’re teaching your youngster how to use money and want to help them by opening a youth savings account. 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.

Personal Savings

A great first step in your savings plan.

Personal Savings
  • $0 minimum to open
  • $0 monthly service fee
  • Competitive interest rate

Youth Savings

An account for under 18 years old

Youth Savings
  • $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.

Christmas Club
  • $0 minimum to open
  • $0 monthly service fee
  • Early withdrawal fee applies (see disclosure)
  • Competitive interest rate

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.

Do you enjoy spending money on healthcare? We’re guessing your answer is, “no.” With a Health Savings Account, 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 Starbucks, either way).

Learn more about an HSA here.

Personal Money Market

A special account for individuals who want to earn a higher rate of interest.

Personal Money Market
  • 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

Health Savings Account

Use your HSA to pay for qualified medical expenses.

Health Savings Account
  • Flexible, tax-free, and yours when you need it.
  • $0 Minimum to open
  • $0 monthly service fee
  • Check writing available
  • Competitive interest rate (tiered)

You may be interested in our Certificates of Deposits (CDs).

View our personal banking brochure or business banking brochure.

Business Banking Brochure

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