Choose the Savings Account that fits your needs.
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Competitive Rates
Goal Oriented Savings
Options for all Ages
Regular
A perfect savings account for those just getting started and those that maintain a lower balance.
- Offers competitive interest on balances of $100 or more
- Free eStatements
- Paper statements are $1.00 per month or $3.00 per quarter. Statements are generated quarterly unless there is an electronic transaction on the account (then monthly)
- Free online banking app
- Set up alerts to monitor changes in your balance
- Deposit checks from your mobile device
- 6 free withdrawals per month; $3 fee per withdrawal thereafter1,2
- Minimum Deposit to Open - $100
- Minimum Daily Balance to Avoid Monthly Fee - $100
- Monthly Fee if Minimum Daily Balance Not Met - $5
Money Market
Elevate your savings with a Money Market Account. Higher balances earn higher rates.
- Offers competitive interest on entire balance.
- Tiered rates - higher balances earn higher rates
- Explore our account rates
- Tiered rates - higher balances earn higher rates
- Free eStatements
- Paper statements available for $3 per month
- Free online banking app
- Set up alerts to monitor changes in your balance
- Deposit checks from your mobile device
- 6 free withdrawals per month; $3 fee per withdrawal thereafter1,2
- Minimum Deposit to Open - $1500
- Minimum Daily Balance to Avoid Monthly Fee - $1500
- Monthly Fee if Minimum Daily Balance Not Met - $7
Certificate of Deposit
Earn higher interest in a Certificate of Deposit (CD) when you commit to depositing the money for a set term.
- Fixed rates, higher than regular savings
- Helps you set aside money for future goals
- A wide range of terms available (3 months to 5 years)
- Early withdrawals subject to penalty3
- Renews automatically upon maturity after 10-day grace period
- No setup or monthly service charges
- Minimum Deposit to Open - $500
- Stop by a local branch to open
Individual Retirement Accounts (IRA)
Choose between a Traditional or Roth IRA, a SEP IRA or a Coverdell ESA
- Competitive interest
- Potential tax benefits4
- No setup fees
- No monthly or annual maintenance fees
- Minimum Deposit to Open
- Fixed-Rate IRA -$500
- Variable-Rate IRA - $5
- SEP IRA - $500
- Coverdell ESA - $500
Health Savings Account (HSA)
Save money to cover the cost of taking care of your health.
- Tiered rates – higher balances earn higher rates
- Contributions are tax free and can be made by you, your employer, or a third party
- Funds can be withdrawn at any time for qualified medical expenses5
- No setup or monthly service fee
- No Minimum Daily Balance Requirements
- Minimum Deposit to Open - $100
Christmas Club Account
Prepare for the holiday season all year long with interest-bearing savings.
- Competitive interest on entire balance
- No monthly service charge or minimum balance requirements
- Make deposits at any time, in any amount
- Funds mailed to you as a check or deposited into the account of your choice
- Early closeout will result in the loss of interest and a $10 fee
- Account automatically renews after a 180-day grace period6
- Minimum Deposit to Open - $5
Looney Tunes Savings
Start your littles ones (11 and under) out with a Looney Tunes Savings Account!
- Prize given for every deposit made in branch or at school
- In-School Banking available at some local elementary schools
- See if your child's school offers in-school banking
- Security Federal Bank will add $1.00 to your opening deposit
- Looney Tunes Coin Keeper provided to the child
- Child receives a birthday card each year from a Looney Tunes character.
- Offers competitive interest on entire balance.
- Monitor the account with free online banking
- No fee for excess withdrawals2
- Free eStatements or Paper Statements
- Minimum Deposit to Open - $5
- No Minimum Daily Balance Requirements
- No Monthly Fee
Young Savers
Young Savers is geared towards tweens and teens, ages 12 through 17.
- Offers competitive interest on entire balance
- Free eStatements or Paper Statements
- Free online banking app
- Set up alerts to monitor changes in your balance
- Deposit checks from your mobile device
- 6 free withdrawals per month; $3 fee per withdrawal thereafter2
- Minimum Deposit to Open - $10
- No Minimum Daily Balance Requirements
- No Monthly Fee
Account openings and credit are subject to bank approval.
1 A regular savings or a money market account can be used as a companion account for overdraft protection.
2 During any statement cycle, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.
3 Early withdrawal penalty varies from 3 to 18 months interest on the amount withdrawn depending on the term of the CD.
4 Consult a tax advisor
5 You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.
6 Christmas Club accounts automatically renew if a deposit is made during the 180-day grace period.
7 Qualified expenses include tuition and fees, books, supplies, board, etc.
8 Those earnings are subject to income tax and a 10% penalty.