Passbook Savings

After an initial deposit of $100, you will enjoy the convenience and security of our Passbook Account.  Unlimited in-person deposits and withdrawals are just some of the great features.  Plus, at Central Federal, you still get an actual "Passbook!"  Current rates.

Statement Savings

Unlimited in person deposits and withdrawal privileges while earning a competitive rate are the hallmarks of this account.  A monthly statement and free ATM card are some of the standard features with this account.  Current rates.

Christmas Club Account

Central Federal’s Christmas Club Account may be just the stocking stuffer you are looking for.  After an initial deposit of just $10, you will be on your way to a less stressful Holiday Season.  Make deposits as often as you like and in October we will send you a check for the balance so you can make your holiday purchases.  Current rates.

Kid Saver Account

Healthy financial habits are a part of a healthy lifestyle.  Central Federal can help you teach your child or grandchild the value of a dollar by opening a Kid Saver Account.  With a small opening deposit of $10, you will be on your way to showing your child financial responsibility.  Bring them with you to the bank to deposit their birthday, holiday, or allowance funds and they will see first-hand how a little bit of savings can grow.  Current rates.

Safe and secure—that is the best way to describe this great alternative to a traditional savings account.  A Certificate of Deposit (CD) offers higher yields, protection against fluctuating interest rates, and FDIC Insurance gives this account a definite advantage.  Central Federal offers a wide variety of CDs to fit your personal savings needs, with terms beginning at six months on up to five years.

Need some monthly income?  We can also design your account to provide you with a monthly interest check.  Just ask a Central Federal Personal Banker for details. Current rates.

*Daily balance is the amount of principal in the account each day. Withdrawals may reduce APY on accounts.  Penalties for early withdrawals may be imposed. Rates subject to change.

Individual Retirement Accounts (IRAs) are one of the easiest ways to save for your retirement.  Whether you are just starting out, or looking to rollover an existing plan from your employer or another financial institution, we can assist you with the process.  Central Federal offers both Traditional and Roth IRAs so you can take full advantage of the tax breaks which benefit you most:

• Competitive interest rates
• Variety of terms
• Traditional and Roth IRAs
• Generous grace period
• Automatic renewal

We can also arrange to have your distributions mailed monthly, quarterly, or annually.  Just ask a Personal Banker for details.