Bank · FDIC insured
Federated Bank Savings Rates
Top CarrotFederated Bank’s best savings rate is 0.40% APY on $10,000, with its Statement Savings. Rates checked October 16, 2026.
How Federated Bank’s savings rates compare
Compared with banks and credit unions near Chicago, IL-IN, where Federated Bank has the most branches. $10,000, best rate first.
This bank’s best
Federated Bank
0.40%APY
- Requires
- None
- Minimum
- $100
- Earns on $10,000 a year
- $40
Statement Savings
Top rate
Justice Federal Credit Union
4.00%APY
- Requires
- Monthly account activity
- Minimum
- $0
- Earns on $10,000 a year
- $400
2nd-highest rate
United Trust Bank
3.90%APY
- Requires
- None
- Minimum
- $10,000
- Earns on $10,000 a year
- $390
Federated Bank savings score
76
Savings score
Higher than 43% of U.S. banks and credit unions
- $1,000 balance$1,0000.40%
- $10,000 balance$10,0000.40%
- $100,000 balance$100,0000.60%
- QualifiedQualified0.40%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Federated Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Tiered-Rate Money Market Account
0.20%APY
One interest rate is paid on the full balance of the account. Interest compounded and credited monthly using daily balance method. Variable rate may change at bank discretion. No broker deposits. If balance falls below $2,500.00, no interest is earned and a $10.00 monthly service charge applies. Fee of $10.00 per withdrawal after 4 per month. Preauthorized transfers limited to 6 per month with max 3 by check.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $2,500No interest earned and $10.00 monthly service charge if balance falls below $2,500.00. No compounding. | 0.00% | — | No interest earned and $10.00 monthly service charge if balance falls below $2,500.00. No compounding. |
| $2,500 – $10,000Monthly compounding. $10.00 monthly service charge waived when balance is $2,500.00 or greater. | 0.20% | $20 | Monthly compounding. $10.00 monthly service charge waived when balance is $2,500.00 or greater. |
| $10,000 – $25,000Monthly compounding. $10.00 monthly service charge waived when balance is $2,500.00 or greater. | 0.40% | — | Monthly compounding. $10.00 monthly service charge waived when balance is $2,500.00 or greater. |
| $25,000 – $100,000Monthly compounding. $10.00 monthly service charge waived when balance is $2,500.00 or greater. | 0.60% | — | Monthly compounding. $10.00 monthly service charge waived when balance is $2,500.00 or greater. |
| $100,000 – $100,000,000Monthly compounding. $10.00 monthly service charge waived when balance is $2,500.00 or greater. | 1.00% | — | Monthly compounding. $10.00 monthly service charge waived when balance is $2,500.00 or greater. |
Sources (3)
- federatedbank.com/current-rates
- federatedbank.com/truth-savings
- federatedbank.com/wp-content/u…ate-Sheet-12.16.2025.pdf
All captured Sep 17, 2026
Statement Savings
0.40%APY
Quarterly compounding and crediting. $5.00 monthly service charge waived if the balance remains at or above $100.00 during the statement period.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upRate may change after account opening. $5.00 monthly service fee is charged if the balance falls below $100.00 at any time during the statement period.$100 and up | 0.40% | $40 | Rate may change after account opening. $5.00 monthly service fee is charged if the balance falls below $100.00 at any time during the statement period. |
Sources (4)
- federatedbank.com/current-rates
- federatedbank.com/savings
- federatedbank.com/truth-savings
- federatedbank.com/wp-content/u…ate-Sheet-12.16.2025.pdf
All captured Sep 17, 2026
Special-purpose accounts
Christmas Club
0.40%APY
No minimum opening balance, no service charges, and no specific amount required to earn interest. Compounded quarterly.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceRate may change after account opening. No monthly service charges or specific balance required to earn interest.Any balance | 0.40% | $40 | Rate may change after account opening. No monthly service charges or specific balance required to earn interest. |
Sources (3)
- federatedbank.com/current-rates
- federatedbank.com/truth-savings
- federatedbank.com/wp-content/u…ate-Sheet-12.16.2025.pdf
All captured Sep 17, 2026
Youth Savings
0.40%APY
Available to individuals under 18 years of age or students 22 years of age or younger.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $25 and upRate may change after account opening. $5.00 monthly service charge waived if balance is kept at or above $25.00 for qualifying youth under 18 or students 22 and younger.$25 and up | 0.40% | $40 | Rate may change after account opening. $5.00 monthly service charge waived if balance is kept at or above $25.00 for qualifying youth under 18 or students 22 and younger. |
Sources (3)
- federatedbank.com/current-rates
- federatedbank.com/truth-savings
- federatedbank.com/wp-content/u…ate-Sheet-12.16.2025.pdf
All captured Sep 17, 2026
Tiered-Rate HSA
0.30%APY
Health Savings Account. $5.00 monthly service charge applies if at any time during the month the balance falls below $1,000.00.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $1,000Rate applies to full balance in this tier. $5.00 monthly service charge applies if balance falls below $1,000.00 at any time during the month. Variable rate. | 0.04% | — | Rate applies to full balance in this tier. $5.00 monthly service charge applies if balance falls below $1,000.00 at any time during the month. Variable rate. |
| $1,000 – $5,000Rate applies to full balance in this tier. $5.00 monthly service charge is avoided when maintaining a balance of at least $1,000.00. Variable rate. | 0.30% | — | Rate applies to full balance in this tier. $5.00 monthly service charge is avoided when maintaining a balance of at least $1,000.00. Variable rate. |
| $5,000 – $100,000,000Rate applies to full balance in this tier. $5.00 monthly service charge is avoided when maintaining a balance of at least $1,000.00. Variable rate. | 0.30% | $30 | Rate applies to full balance in this tier. $5.00 monthly service charge is avoided when maintaining a balance of at least $1,000.00. Variable rate. |
Sources (3)
- federatedbank.com/current-rates
- federatedbank.com/savings
- federatedbank.com/wp-content/u…ate-Sheet-12.16.2025.pdf
All captured Sep 17, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.