Savings Accounts
Whether buying a home, paying for college, or planning for retirement and travel, a Home Federal Bank savings account will help you reach your financial goals. Click here for current interest rates »
Statement Savings
Earn the savings account rate and have anytime access to your account with an ATM/Debit card1.
- ATM/Debit card1 access to your account.
- Monthly statement listing all transactions.
- Additions are unlimited and may be made in a variety of methods with no transaction fees.
- Withdrawals made in person are unlimited in number with no transaction fees.
- ATM withdrawals are unlimited in number with no transaction fees when made at a Home Federal ATM.
- Preauthorized transfers from the account are limited to 6 per statement cycle.2
- $100.00 minimum to open the account.
- $2.00 monthly maintenance fee if balance falls below $50.00.
- $50.00 minimum balance to earn interest.
- Interest is compounded daily and paid monthly.
1ATM/Debit cards are subject to approval. Debit cards must be linked to checking accounts.
2Preauthorized transfers include, but are not limited to, Online/Mobile Banking transfers, debit card transactions, automatic transfer debits, telephone transfers and automatic drafts from this account.
Christmas Club Savings
Savings account for customers who wish to maintain a separate account for their Christmas savings.
- Monthly statement listing all transactions.
- Additions are unlimited and may be made in a variety of methods with no transaction fees.
- Withdrawals made in person are unlimited in number with no transaction fees.
- Preauthorized transfers from the account are limited to 6 per statement cycle.1
- No monthly maintenance fee.
- $1.00 minimum to open the account.
- $1.00 minimum balance to earn interest.
- Interest is compounded daily and paid with the annual club payout or at account closure.
- Christmas Club payout is issued in mid October.
1Preauthorized transfers include, but are not limited to, Online/Mobile Banking transfers, debit card transactions, automatic transfer debits, telephone transfers and automatic drafts from this account.
Health Savings Account (HSA)
A tax-exempt1 account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents.
- If you are eligible, you can establish an HSA in much the same way you would an IRA.
- Each year, you are responsible for determining your allowable annual HSA contribution.
- 2017 Contribution Limits - $3,400 Self-Only, $6,750 Family.
- 2018 Contribution Limits - $3,450 Self-Only, $6,900 Family.
- $1,000 additional catch-up for eligible individuals age 55 or older by the end of the year and have not enrolled in Medicare.
- Access your funds with special HSA Debit Card.
1Consult a tax professional for tax advice.