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Personal & Business Savings

Tecumseh Federal Bank has several options to help you reach your savings goals. From savings and certificate products to retirement and education savings products, we have the right account for you! Review the options below and we will be happy to help get you started on your new savings accounts as you plan your future.

Optional Savings Account

Start saving now for those short-term goals

Account Details

$25.00 Minimum to open and maintain this quarterly statement account*
Free Online Banking and Bill Pay

*Note this account changed effective 10/1/13 from a passbook account to a statement savings account; minimum balances and service charges now apply. Please contact TFB for new disclosures and more information.

Bonus Money Market Account

The higher your balance, the more you earn

Account Details

$2,500 Minimum to open the account
Tiered Fixed Rate Schedule
Limit six (6) prearranged debits allowed per month
Monthly statements
Free Online Banking and Bill Pay

Certificates of Deposit

For the longer term, CDs are a sure thing

Account Details

$500 Minimum to open and maintain the account
Variety of terms available including 91 Day, 182 Day, One Year, 18 Months, 30 Months, 48 Months, 72 Months and 96 Months
Free Online Banking services

Traditional Individual Retirement Accounts

Saving and deferring taxes makes good sense

Account Details

Contributions are tax-deductible and you defer the payment of taxes until you withdraw the funds
Earnings accumulated on the IRA are tax-sheltered until withdrawn
$500 Minimum to open and maintain the account
Variety of terms available including 91 Day, 182 Day, One Year, 18 Months, 30 Months, 48 Months, 72 Months and 96 Months
Free Online Banking services

Roth Individual Retirement Accounts

Saving for “Life after work”

Account Details

Contributions are non-deductible, but withdrawals and earnings are tax-free
Earnings are tax-sheltered
$500 Minimum to open and maintain the account
Variety of terms available including 91 Day, 182 Day, One Year, 18 Months, 30 Months, 48 Months, 72 Months and 96 Months
Free Online Banking services

Education Savings Accounts (Coverdell)

Saving for a brighter future

Account Details

Available for participants to contribute up until their 18th birthday
Contributions are non-deductible, earnings are tax-deferred and distributions are tax-free
Funds are to be used to pay for qualified education expenses
$500 Minimum to open and maintain the account
Variety of terms available including 91 Day, 182 Day, One Year, 18 Months, 30 Months, 48 Months, 72 Months and 96 Months
Free Online Banking services

Please contact TFB for additional disclosures and information.

Check out our current Savings Rates to find the investment that best suits your financial goals.

SAVINGS RATES

Mobile Banking

QUICK.EASY.FREE. Get access to your account 24 hours a day, 7 days a week, right in the palm of your hands.

LEARN MORE ABOUT MOBILE BANKING