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CentralFederal Savings and Loan Association

Banner picture for the Checking page for Central Federal Savings and Loan



TAKING THE GUESS WORK OUT OF BANKING

Want your money to work harder?  We have many accounts that earn interest, yet have the features you expect. 

You can earn even more with one of our Money Market Accounts.  Free monthly statements with check images on all checking accounts and mailed to your door as a bonus.  We make checking easy.


ORDER CHECKS


Totally Free Checking

Your money remains your money with a Central Federal Totally Free Checking Account.  Write unlimited numbers of checks, make deposits, and use your debit card online, in-stores, or at Central Federal ATMs, without paying a fee.

Min. Opening DepositMinimum BalanceService ChargePer Check ChargeInterest EarningATM Debit VISAFree 1st Order of Checks

$50

NoNoNoNoYesNo


Basic Checking with Interest

If you are looking for an account that pays some interest, but still offers all the bells and whistles, this is the account for you.  Just keep the balance over $200 and you will avoid a $10 monthly service fee.  Current rates.

Min. Opening DepositMinimum BalanceService ChargePer Check ChargeInterest EarningATM Debit VISAFree 1st Order of Checks
$200$200 to earn interest$10 Monthly if Balance falls below $200NoYesYesNo


Super Checking with Interest

Prefer to keep a larger balance?  This is the account for you.  Unlimited access to your cash, competitive interest rates, unlimited checks, and a free VISA® Debit Card are just some of the advantages.  Just keep $2,500 in the account to avoid the $10 monthly service fee.  Current rates.

Min. Opening DepositMinimum BalanceService ChargePer Check ChargeInterest EarningATM Debit VISAFree 1st Order of Checks
$2,500$2,500 to earn interest$10 Monthly if Balance falls below $2,500NoYesYesNo


Preferred Checking with Interest

The more you save, the more you earn.  With this tiered checking account, you get all of the features of our other checking account with a higher interest rate.  Plus, with a minimum opening balance of $5,000, we will throw in your first check order for free!  Just keep your balance over $5,000 to avoid the $10 monthly service fee.  Current rates.

Min. Opening DepositMinimum BalanceService ChargePer Check ChargeInterest EarningATM Debit VISAFree 1st Order of Checks
$5,000$5,000 to earn interest$10 Monthly if Balance falls below $5,000NoYesYesYes


All growing businesses need a checking account that can grow with them.  Whether large or small, Central Federal offers a cost-effective way to manage cash flow and keep fees and costs in line.


Totally Free Business Checking

Our Totally Free Business Checking Account is designed with the sole proprietor or S-Corp in mind.  We understand the importance of business owners cutting expenses, which is why Central Federal’s Totally Free Business Checking eliminates the monthly maintenance fee and gives you 150 free transactions per calendar month. 

Min. Opening DepositMinimum BalanceMaintenance FeeMonthly StatementMonthly Check ImagesATM Debit VISATransaction FeeEarnings Credit
$50
No
No
Yes
Yes
Yes
$0.50 per transaction in excess of 150 per month
No


Advantage Business Checking

Growing businesses need a checking account that can grow with them, not an account with outrageous fees that eat into hard-earned profits.  With our Central Federal Advantage Business Checking account, you get just that.  It has a low monthly maintenance fee with some of the lowest transaction fees in the industry.  Coupled with a great Monthly Earnings Credit, our Advantage Business Checking account will put profits back where they belong, in your pocket.

Min. Opening DepositMinimum BalanceMaintenance FeeMonthly StatementMonthly Check ImagesATM Debit VISATransaction FeeEarnings Credit
$100No$10 per monthYesYesYes$0.10  per transaction1.00%


Make your money work for you with one of our Money Market Accounts. These accounts offer a higher return on your money than savings accounts without losing the liquidity you want. Whether you choose our Gold Account with a $2,500 minimum to open or our Platinum with a $10,000 minimum, you enjoy availability, flexibility and safety. You can make up to six pre-authorized withdrawals during each monthly statement period and have unlimited withdrawals at one of our teller stations. Current rates.

  • Better rates than regular Savings
  • Tiered rate structure
  • Free monthly statements mailed directly to you
  • Six pre-authorized withdrawals per month
  • Free online banking

*The Money Market Account is a variable rate account and the interest rate paid may change from time to time. Fees may reduce earnings.


Min. Opening DepositMinimum BalanceService ChargeTransfers Per CycleInterest EarningATM Debit VISAFree 1st Order of Checks

Gold Money Market

$2,500$2,500 to earn interest$10 monthly if balance falls below $2,5006, with $10 charge per transfer thereafterYes, rates may change dailyNoYes

Platinum Money Market

$10,000$10,000 to earn interest$10 monthly if balance falls below $2,5006, with $10 charge per transfer thereafterYes, rates may change dailyNoYes
LaGrange Park - NEW MONEY / NEW ACCOUNT ONLY
Platinum Money Market$10,000
$10.00 if account is below $2,500$0 up to $9,999
$10,000 up to $49,999
$50,000 up to $99,999
$100,000 and greater

.10%
.15%
.75%
1.24%


Yes
LIMITATIONS


$100 min. deposit
$100 min. withdrawal






Cicero

5953 W. Cermak Road
Cicero, IL 60804
708-656-5000

Berwyn

6940 W. Ogden Avenue
Berwyn, IL 60402
708-222-2300

La Grange Park

1921 E. 31st Street
La Grange Park, IL 60526
708-469-3250