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CentralFederal Savings and Loan Association

Graphic banner for Central Federal Savings and Loan Savings/CDs page


CURRENT RATES

Central Federal Savings is committed to providing some of the best Savings and Certificates of Deposit rates in the area. 


Rates are effective as of November 5, 2024

Rates may change without notice.

Type of AccountMinimum Deposit
to Open Account
Minimum Balance
to Earn APY
Interest RateAnnual Percentage Yield

59 Month CDMinimun Deposit
to Open Account:
$2,500
Minimum Balance to Earn APY: $2,5003.10%3.15%
47 Month CD$2,500$2,5003.10%3.15%
37 Month CD $2,500$2,5003.10%3.15%
25 Month CDMinimun Deposit
to Open Account:
$2,500
Minimum Balance to Earn APY: $2,5003.10%3.15%
19 Month CDMinimun Deposit
to Open Account:
$2,500
Minimum Balance to Earn APY: $2,500

3.10%

3.15%
13 Month CDMinimun Deposit
to Open Account:
$2,500
Minimum Balance to Earn APY: $2,5003.68%3.75%
7 Month CD$2,500$2,5004.07%4.15%


8 Month CD *

(New Money Special)

$2,500$2,5004.40%4.50%
*  Funds to open account must be new money, defined as money not currently held at Central Federal.  Funds cannot be transferred from or a check drawn from a Central Federal account to fund the account. The stated APYs and interest rates are subject to change at any time. Fees may reduce the earnings on the account. A penalty may be imposed for early withdrawal from a certificate of deposit or individual retirement account.

***SEE A PERSONAL BANKER FOR RELATIONSHIP PRICING***

IRA SPECIAL

12 Month CD Special
- IRA
$2,500$2,5003.68%3.75%
12 Month CD Special
- IRA Rollover
$50,000$50,0004.07%4.15%
Type of AccountMinimum Deposit
to Open Account
Minimum Balance
to Earn APY
Interest RateAnnual Percentage Yield
Type of Account: 5 Year CDMinimun Deposit
to Open Account:
$500
Minimum Balance to Earn APY: $500Interest Rate:0.15%Annual Percentage Yield: 0.15%
Type of Account: 4 Year CDMinimun Deposit
to Open Account:
$500
Minimum Balance to Earn APY: $500Interest Rate:0.15%Annual Percentage Yield: 0.15%
Type of Account: 3 Year CDMinimun Deposit
to Open Account:
$500
Minimum Balance to Earn APY: $500Interest Rate:0.15%Annual Percentage Yield: 0.15%
Type of Account: 30 Month CDMinimun Deposit
to Open Account:
$500
Minimum Balance to Earn APY: $500Interest Rate:0.15%Annual Percentage Yield: 0.15%
Type of Account: 24 Month CDMinimun Deposit
to Open Account:
$500
Minimum Balance to Earn APY: $500Interest Rate:0.15%Annual Percentage Yield: 0.15%
Type of Account: 18 Month CDMinimun Deposit
to Open Account:
$500
Minimum Balance to Earn APY: $500Interest Rate:0.10%Annual Percentage Yield: 0.10%
Type of Account: 12 Month CDMinimun Deposit
to Open Account:
$2,500
Minimum Balance to Earn APY: $2,500Interest Rate:0.05%Annual Percentage Yield: 0.05%
Type of Account: 182 Day CDMinimun Deposit
to Open Account:
$2,500
Minimum Balance to Earn APY: $2,500Interest Rate:0.04%Annual Percentage Yield: 0.04%
91 Day CD$2,500$2,5000.03%0.03%
31 Day CD$2,500$2,5000.02%0.02%


*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.

Type of AccountMinimum Deposit
to Open Account
Minimum Balance
to Earn APY
Interest RateAnnual Percentage Yield
5 Year CD$10,000$10,0000.14%0.14%
4 Year CD$10,000$10,0000.14%0.14%
3 Year CD$10,000$10,0000.14%0.14%
30 Month CD$10,000$10,0000.14%0.14%
24 Month CD$10,000$10,0000.14%0.14%
18 Month CD$10,000$10,0000.09%0.09%
12 Month CD$10,000$10,0000.04%0.04%
Type of AccountMinimum Deposit
to Open Account
Minimum Balance
to Earn APY
Interest RateAnnual Percentage Yield
Passbook Savings$100$20,000 or More0.05%0.05%


$1,000 or More0.03%0.03%


Under $1,0000.01%0.01%
Statement SavingsSame as Passbook Savings Account
Christmas Club / Kid Saver$10$0Same as Passbook Savings Account

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