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. 

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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.

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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.

 

Click the images below to view our personal banking brochure or business banking brochure. 

 

Image of Security Federal Savings Bank's personal banking brochure with a woman giving her son a piggy back ride Front Page of Business Banking brochure

* 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.