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Convenient Accounts for Your Peace of Mind
Paying yourself first is smart money management.
Home Federal Bank makes it easy for you to accomplish your particular, personal savings goals—whatever they may be,
from special projects such as a vacation to just saving for a rainy day.
And all Home Federal Bank savings accounts—including CDs and IRAs—are FDIC insured.
Personal Savings Accounts
Home Federal Bank offers three savings accounts to help you accomplish your personal goals.
» Check out interest rates information
| Santa Saves Account |
Get started early this year!! Our "Santa Saves" account will pay you an outstanding rate as you build your
savings for the holiday shopping season or as you put money aside so you can dip your toes in a warm sandy beach on your next vacation. |
Open an account with just $10. Interest is compounded monthly and paid quarterly.
Each month that your account has activity, you'll receive a monthly statement detailing deposits, withdrawals, any interest paid,
as well as other transaction activity. Quarterly statements are given on accounts with no activity.
You can view your statement right online whenever you logon to www.myhomefed.com. |
Statement Savings
A Good First Step |
Consider our Statement Savings account if you:
- Are just starting a personal savings plan,
- Have a child who'd like to begin saving—a good habit to start early,
- Have a special purpose in mind, whether long or short term, or
- Want to save for a rainy day.
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Open an account for as little as $50. Interest is compounded monthly and paid quarterly. Each month that your
account has activity, you'll receive a monthly statement detailing deposits, withdrawals, any interest paid, as well as other
transaction activity. Quarterly statements are given on accounts with no activity. You can view your statement right online
whenever you logon to www.myhomefed.com. |
Money Market Savings
Better interest—and convenience |
Want to earn higher rates, but still enjoy the freedom to access your funds?
Then our Money Market Savings account is the right account for you. |
Opening balances start at just $1,000. The higher your account balance, the more generous the returns.
Accessing your funds is easy; you'll get a set of free personalized checks to draw on your Money Market Savings account funds.
You can write up to 3 checks per statement cycle, up to your available balance. And you'll get a monthly statement reflecting
all activity. You can view your account statement online anytime. |
Wall Street Money Market Savings
Maximizing savings interest |
Our Wall Street Select Money Market account is a great place to keep your savings while giving you penalty free access to your hard earned money. |
With tiered interest rates, the more you keep in the account, the higher interest rate you will
earn. With Wall Street Select Money Market accounts, you'll benefit from
- Free online banking
- Free first box of checks
- FDIC insured funds
- Access to accounts by Homeline and eBanking,
- Just a $25 monthly service charge if balance falls below $25,000.
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» View account Service Charges
Certificates of Deposit (CDs)
Secure your savings with some of the most competitive and consistent returns—and the peace of mind—
that only come with an FDIC insured savings instrument.
Flexibility & Comfort: Home Federal Bank offers CDs with a wide variety of savings terms,
from 90 days to ten years, to meet your personal needs. And you choose how you'd like the interest paid—
reinvest in the CD, or automatically deposit the earnings in another Home Federal Bank account. Then relax and
enjoy the comfort.
Escalator CDs
Start earning today! |
Only $5000 is needed to open this account and you'll receive:
- Very competitive rates
- Earn more interest on your money, with guaranteed rate bumps every 6 months
- Automatic renewals on your CD for continuous earning
- Access to funds without penalty every 6 months
- Feeling of security, knowing your funds are FDIC insured
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CDARS
The safety of FDIC insurance coverage, the convenience of a local bank relationship |
Through the Certificate of Deposit Account Registry Service (CDARS), large deposits can now
be placed by Home Federal Bank into smaller-denomination CDs at multiple institutions. This service offers
you significant benefits:
- Safety of FDIC insurance for large deposits
- CD interest
- Management convenience
- Security of working with a trusted, local source
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Individual Retirement Accounts (IRAs)
IRAs provide one of the most reliable ways to secure your safe and sound retirement.
Traditional IRAs
Popular for good reasons |
Only $100 is needed to open this account and you'll receive:
- Independence
IRAs can be opened and funded without employer participation
- Immediate tax benefits
Contributions and/or earnings are tax-deferred until retirement
- Accessibility
Funds are always available
- Flexibility
No minimum contribution. You choose your investments and financial organization
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Roth IRA
A unique IRA option |
- The money you contribute to a Roth IRA has already been taxed.
So, as long as you stay within the contribution guidelines, the principal amount is never subject to taxes
or penalties in the future.
- This retirement plan allows the money you contribute to grow tax-deferred.
If you do not withdraw any of the earnings until you have had a plan for at least five years,
and satisfy one of the qualifying events, those tax-deferred earnings become tax-free.
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Coverdell Education Savings Account (ESA)
An investment tool created for the purpose of paying for the future cost of a child's education |
The plan allows total after-tax contributions of $2,000 per year for each child
until they reach the age of 18. These contributions and their subsequent earnings are tax-free when
withdrawn to pay for qualified education expenses.
Part of the flexibility of an ESA is that you may
change the designated beneficiary (child), such as when the current designated beneficiary has completed
his or her education and funds remain.
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Call us or stop by a branch today to find out more information
about Home Federal Bank's savings accounts.
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