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. |
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 Deposit | Minimum Balance | Service Charge | Per Check Charge | Interest Earning | ATM Debit VISA | Free 1st Order of Checks |
---|---|---|---|---|---|---|
$50 | No | No | No | No | Yes | No |
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 Deposit | Minimum Balance | Service Charge | Per Check Charge | Interest Earning | ATM Debit VISA | Free 1st Order of Checks |
---|---|---|---|---|---|---|
$200 | $200 to earn interest | $10 Monthly if Balance falls below $200 | No | Yes | Yes | No |
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 Deposit | Minimum Balance | Service Charge | Per Check Charge | Interest Earning | ATM Debit VISA | Free 1st Order of Checks |
---|---|---|---|---|---|---|
$2,500 | $2,500 to earn interest | $10 Monthly if Balance falls below $2,500 | No | Yes | Yes | No |
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 Deposit | Minimum Balance | Service Charge | Per Check Charge | Interest Earning | ATM Debit VISA | Free 1st Order of Checks |
---|---|---|---|---|---|---|
$5,000 | $5,000 to earn interest | $10 Monthly if Balance falls below $5,000 | No | Yes | Yes | Yes |
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.
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 Deposit | Minimum Balance | Maintenance Fee | Monthly Statement | Monthly Check Images | ATM Debit VISA | Transaction Fee | Earnings Credit |
---|---|---|---|---|---|---|---|
$50 | No | No | Yes | Yes | Yes | $0.50 per transaction in excess of 150 per month | No |
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 Deposit | Minimum Balance | Maintenance Fee | Monthly Statement | Monthly Check Images | ATM Debit VISA | Transaction Fee | Earnings Credit |
---|---|---|---|---|---|---|---|
$100 | No | $10 per month | Yes | Yes | Yes | $0.10 per transaction | 1.00% |
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.
*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 Deposit | Minimum Balance | Service Charge | Transfers Per Cycle | Interest Earning | ATM Debit VISA | Free 1st Order of Checks | |
---|---|---|---|---|---|---|---|
Gold Money Market | $2,500 | $2,500 to earn interest | $10 monthly if balance falls below $2,500 | 6, with $10 charge per transfer thereafter | Yes, rates may change daily | No | Yes |
Platinum Money Market | $10,000 | $10,000 to earn interest | $10 monthly if balance falls below $2,500 | 6, with $10 charge per transfer thereafter | Yes, rates may change daily | No | Yes |
PREMIER HIGH YIELD MONEY MARKET | |||||||
Premier High Yield Money Market | $50,000 $100,000 | $50,000 up to $99,999 $100,000 and greater | $10.00 if account is below $2,500 | 6, with $10 charge per transfer thereafter | Yes, rates may change daily | No No | Yes Yes |
5953 W. Cermak Road
Cicero, IL 60804
708-656-5000
6940 W. Ogden Avenue
Berwyn, IL 60402
708-222-2300
1921 E. 31st Street
La Grange Park, IL 60526
708-469-3250