Available nationwide, The Federal Savings Bank Online Money Market account is offering a 2.50% APY on your funds.
The Federal Savings Bank Online Money Market Review
The Federal Savings Bank is headquartered in Chicago and is the 69th largest bank in the state of Illinois. It is also the 1,262nd largest bank in the nation. It was established in 2000 and as of June of 2022, it had grown to 1,373 employees at 2 locations. The Federal Savings Bank has a B+ health rating.
The Federal Savings Bank Online Money Market Rate
To earn The Federal Savings Bank’s competitive rate, keep a balance of at least $2,000 in your account.
- What you’ll get: 2.55% APY
- Eligible account: Online Money Market
- Credit Inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide (Locator)
- Opening Deposit: None listed
- Monthly fee: None listed
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
| PROMOTIONAL LINK | OFFER | REVIEW |
| SoFi Checking and Savings Account | 3.30% APY + $325 Bonus | Review |
| Always.Bank Savings | 4.00% APY | Review |
| Valley Direct Online Savings | 4.00% APY | Review |
| Valley Bank High Yield Savings | 3.96% APY + $1200 Bonus | Review |
| Centier Bank High Yield Savings | 3.90% APY + $1200 Bonus | Review |
| American First Credit Union Money Market | 3.90% APY + $1200 Bonus | Review |
| Western Alliance Bank High-Yield Savings | 3.80% APY + $1200 Bonus | Review |
| Live Oak Bank Savings | 3.80% APY | Review |
| CIT Bank Platinum Savings | 3.75% APY | Review |
| CIT Bank Savings Connect | 3.65% APY | Review |
| Quontic Bank High Yield Savings | 3.50% APY | Review |
| Robinhood Gold | 3.25% APY | Review |
| Betterment Cash Reserve | 3.25% APY | Review |
| Upgrade Premier Savings | 3.05% APY | Review |
How to Earn Rate
- Open an Online Money Market account with $2,000 or more to earn the current rate.
- Earn the 2.50% APY rate.
| Balance Requirement | APY Rate |
| $2,000+ | 2.50% APY |
 |
 |
 |
Conclusion
The ederal Savings Bank’s Online Money Market account offers a high, competitive rate to assist in growing and achieving your savings goals!
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
