Security Federal Savings Bank was founded in 1934 in Logansport, Indiana. Security Federal Savings Bank is a community bank providing personal service to individuals and businesses. The bank has been FDIC insured since 1934. Security Federal Savings Bank is one of the few remaining mutually owned banks in the area. This means that the depositors all have an ownership stake in the bank. The bank is the largest bank in Logansport and Cass County, Indiana.
Security Federal Savings Bank is chartered as a Savings Association. Therefore the primary regulator is the Office of Thrift Supervision. The bank has assets of approximately $173,944,000. During the first nine months of 2008, the bank had $689,000 in net income.
Security Federal Savings Bank has a full range of consumer loan and deposit products. As a local bank serving the needs of the community for over 65 years, Security Federal is familiar with the consumer loans needs of the region. The bank offers some of the lowest rates around with flexible loan terms on consumer loans and business loans as well as incentive programs to the first-time home buyers and low-income housing programs. The bank has wide selection of deposit accounts that include checking accounts, savings accounts, certificates of deposit, IRA’s, business checking and more. Security Federal Savings Bank offers quite a few products and services to make banking more convenient for its customers. Included as part of the bank service are eBanking, BillPay, eStatements, Security Express, Direct Deposit, ATM Cards, Debit Cards, and check reorder.
The bank certificates of deposit are deposit accounts where the account holder has agreed to keep the money in the account for a specified amount of time, anywhere from three months to five years and the account holder returns a fixed rate of return. Certificates of deposit rates and terms being promoted include:
3 month certificates of deposit has an interest rate of .50% APY
6 month certificates of deposit rate is .75% APY
7 month certificates of deposit earns an interest rate of 2.26% APY
1 year certificates of deposit has an interest rate of 1.21% APY
13 month certificates of deposit rate is 2.52% APY
18 month certificates of deposit earns an interest rate of 1.61% APY
2 year certificates of deposit rate is 1.91% APY
30 month certificates of deposit earns an interest rate of 2.07% APY
3 year certificates of deposit has an interest rate of 2.27% APY
4 year certificates of deposit rate is 2.98% APY
5 year certificates of deposit earns an interest rate of 3.14% APY
CD interest rates are subject to change at any time before opening the account. Additional conditions may apply on these accounts. For more rate information and bank account specifics call a bank representative at 574-722-6261. Further bank product data and bank rates can be found on the bank website at www.secfedbank.com.
Tags: 1 year CD rates, 18 month CD rates, 2 year CD rates, 5 year CD rates, 6 month CD rates, Banks, CD rates, CD rates Indiana, certificate of deposit, Indiana bank, interest rates, savings, Security Federal Savings Bank
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