Savings Options

You work hard for your money. It’s time to put your money to work for you. Whether you’re a small or large business, Security Federal has got you covered. So get ready to save and more importantly get ready to earn.

Egg in a nest icon

Business Savings

A great account for businesses that are ready to start saving money.

  • Only $500 minimum balance required to avoid a $5.00 monthly service fee.
  • Competitive interest rate - tiered (see disclosure).
  • Only $25 minimum to open.

Credit Cards

Business Money Market

A special account for business customers which earns a higher rate of interest.

  • Only $50,000 minimum balance required to avoid a $10.00 monthly service fee.
  • Competitive interest rate - tiered (see disclosure).
  • $50,000 minimum to open.
  • Requires Premier Business Checking.

Envelope

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.

* Savings and money market accounts are subject to Federal Reserve Regulations D, which permits no more than 6 pre-authorized or automatic transfers per statement cycle.