At Security Federal Savings Bank, we’ve always believed that banking should feel personal. When you walk through our doors, we see more than an account number. We see families, futures, and stories we get to be part of. That is why we designed a savings account that does a little more for you.
The Peace of Mind Money Market is built for moments big and small. It helps your savings grow, of course. But it also automatically includes up to $25,000 in life insurance protection at no cost to you. Because saving money is important, but protecting the people you love matters just as much.
Why We Built This Account
Life can be unpredictable. Anyone who has lived long enough knows that. We created this account to make things a little easier, offering strong interest rates while quietly adding a layer of financial protection in the background.
Here is what comes with the Peace of Mind Money Market:
- Tiered interest rates up to 1.50 percent APY
- Built in life insurance from Wysh, capped at $25,000
- No medical exams
- No forms to fill out
- No monthly premium
- FDIC insurance on your deposit
- Easy access to your money
You focus on your life. The account focuses on both savings and protection.
How the Life Insurance Benefit Works
The idea is simple. As your balance grows, your life insurance benefit grows with it. Once your balance meets eligibility requirements, the coverage equals 10 percent of your average balance, up to a maximum of $25,000. Everything is handled automatically through Wysh Life and Health Insurance Company, which is rated A- by AM Best.
If something unexpected happens, the benefit goes to the beneficiary you choose at account opening. No hoops to jump through. No added cost. Just a little extra peace of mind for the people who matter most.
| Balance |
Interest Rate |
APY |
Life Insurance |
| $0.01 – $2,499.99 |
0.03% |
0.03% |
10% of balance |
| $2,500 – $99,999.99 |
0.06% |
0.06% |
10% of balance |
| $100,000 – $249,999.99 |
0.75% |
0.75% |
10% of balance |
| $250,000 – $499,999.99 |
1.00% |
1.00% |
Capped at $25,000 |
| $500,000 – $999,999.99 |
1.25% |
1.25% |
Capped at $25,000 |
| $1,000,000 and up |
1.50% |
1.50% |
Capped at $25,000 |
Your savings earn more as you grow, and your protection grows right along with them.
A Few Important Details
Nothing complicated here:
- Minimum to open: $50
- Keep at least $2,500 in the account to avoid a $20 monthly fee
- Life insurance benefit is available for customers ages 18 to 60
- You’ll designate your beneficiary when you open the account
That is it. Simple, transparent, straightforward.
Who This Account Fits Best
Customers tell us they choose this account because it lets them save and protect at the same time without having to think much about it. It is great for anyone who likes strong rates, wants added peace of mind, and appreciates a bank that tries to make life a little easier.
Let’s Build Your Peace of Mind Together
At Security Federal Savings Bank, we have always taken pride in being the kind of bank where people feel comfortable asking questions, talking through goals, and making decisions confidently. If the Peace of Mind Money Market feels like it could be a helpful part of your financial plan, we would love to walk you through it.
You can stop by any branch, give us a call, or start the process online whenever it works best for you.
Your savings grow. Your protection grows. And you get a little more peace of mind every day.
Life insurance coverage is provided by Wysh Life and Health Insurance Company and is subject to eligibility requirements and balance thresholds. Maximum coverage is $25,000 per account holder. Insurance is not a bank product, not FDIC insured, and may decrease in value. See a representative for full terms and conditions.