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- Earnings accumulated on the IRA are tax-sheltered until withdrawn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.
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.