First Federal Savings and Loan Association of Central Illinois, S.B.: Savings Accounts, CDs, Money Market & Rates

Updated: 8/19/2026

Mission: Banksparency aims to make First Federal Savings and Loan Association of Central Illinois, S.B.'s deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of First Federal Savings and Loan Association of Central Illinois, S.B.

Our verdict

CD Analysis

First Federal Savings and Loan Association of Central Illinois, S.B. offers CDs paying up to 3.05% APY on its 60 months term, across 8 term lengths.

Tracking 16 active CD products, useful for locking in today's rate before further moves at the Fed.

Best CD use: locking in 3.05% APY for a 60 months term and laddering across multiple maturities.

First Federal Savings and Loan Association of Central Illinois, S.B. also offers Money Market, a money market account paying 1.26% APY with a $1,000 minimum deposit.

At 1.26% APY, First Federal Savings and Loan Association of Central Illinois, S.B. pays 2x the national money market average of 0.63%.

Additional Accounts

1st Fed Savings w/ Checking, a high-yield savings account at 1.01% APY. It requires a linked checking account.
1st Fed Savings, a high-yield savings account at 0.75% APY.
Christmas Club Savings, a club savings account at 0.75% APY.

Ideal User Profile

Best for: simple saving without extra requirements.

Important Considerations

Christmas Club Savings is a club savings account. Designed for scheduled deposits toward a set payout date.

No app ratings available for this bank.

iOS app rating is not available.

Android app rating is not available.

Deposit Accounts Overview

1st Fed Savings w/ Checking

Savings

1.01% APY

StableNo rate changes in last 7 days

Min: $100 Checking Bundle Branch Access

Rank #152 of 337 tracked.

1st Fed Savings

Savings

0.75% APY

StableNo rate changes in last 7 days

Min: $100 Branch Access

Rank #163 of 337 tracked.

Christmas Club Savings

Savings

0.75% APY

StableNo rate changes in last 7 days

No Minimums Branch Access

Rank #164 of 337 tracked.

One withdrawal is allowed per annual cycle, which ends in October.

Health Savings

Savings

0.75% APY

StableNo rate changes in last 7 days

No Minimums Branch Access

Rank #165 of 337 tracked.

Money Market

1.26% APY

Tiered Range: 0.75% - 1.26%

Min: $1,000 Branch Access

Market Reality Check

This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.

See Top Rates

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationShelbyville, IL
Deposit InsuranceFDIC Insured(Cert: 29645)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	0
Min. Balance in Savings Account	0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Aug 19, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Deposit Accounts: In-Depth View

Savings Accounts Offered by First Federal Savings and Loan Association of Central Illinois, S.B.

Feature	1st Fed Savings w/ Checking	Christmas Club Savings	1st Fed Savings	Health Savings
APY	1.01%Verified: 8/19/2026	0.75%Verified: 8/19/2026	0.75%Verified: 8/19/2026	0.75%Verified: 8/19/2026
APY Trend	StableNo rate changes in last 7 days	StableNo rate changes in last 7 days	StableNo rate changes in last 7 days	StableNo rate changes in last 7 days
Min. Deposit	$100	$0	$100	$0
Min. Balance	$100	$0	$100	$0
Monthly Fee	N/A	N/A	N/A	N/A
Direct Deposit	None	None	None	None
Checking Bundle	Yes	No	No	No
In-Branch Access	Yes	Yes	Yes	Yes
Compounding	quarterly	quarterly	quarterly	quarterly
FDIC Insured	Yes	Yes	Yes	Yes
Eligibility	United States	United States	United States	United States
Important	-	One withdrawal is allowed per annual cycle, which ends in October.	-	-
Next Steps	-	-	-	-

Interactive Tool

Calculate Savings for First Federal Savings and Loan Association of Central Illinois, S.B.

All calculations are based on APY.

Choose savings account

Initial deposit

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$381.10(2.7%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$14,381.10

Effective APY

1.01%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

First Federal Savings and Loan Association of Central Illinois, S.B. Deposit Rates Over Time

No historical data available.

Compare with First Federal Savings and Loan Association of Central Illinois, S.B.

Feature	Current View First Federal Savings and Loan Association of Central Illinois, S.B.	Empty Slot
Product		-
APY	1.01%Verified: 8/19/2026	-
APY Trend	StableNo rate changes in last 7 days	-
Min. Deposit	$100	N/A
Monthly Fee	N/A	-
Direct Deposit	No	-
Checking Bundle	Yes	-
In-Branch Access	Yes	-
Eligibility	United States	-
Compounding	quarterly	-
FDIC or NCUA Insured	Yes	-
Next Steps	-	-

CD Overview

3.05% Highest APY

Across 16 CD products with terms: 60 months, 6 months, 12 months, 18 months, 24 months, 30 months, 48 months, 36 months

CD Products Offered by First Federal Savings and Loan Association of Central Illinois, S.B.

Feature	6 Month IRA 6 months	6 Month CD 6 months	12 Month IRA 12 months	12 Month CD 12 months	18 Month IRA 18 months	18 Month CD 18 months	24 Month IRA 24 months	24 Month CD 24 months	30 Month IRA 30 months	30 Month CD 30 months	36 Month IRA 36 months	36 Month CD 36 months	48 Month IRA 48 months	48 Month CD 48 months	60 Month CD 60 months	60 Month IRA 60 months
APY	2.02%Verified: 8/19/2026	2.02%Verified: 8/19/2026	2.22%Verified: 8/19/2026	2.22%Verified: 8/19/2026	2.28%Verified: 8/19/2026	2.28%Verified: 8/19/2026	2.53%Verified: 8/19/2026	2.53%Verified: 8/19/2026	2.79%Verified: 8/19/2026	2.79%Verified: 8/19/2026	3.05%Verified: 8/19/2026	3.05%Verified: 8/19/2026	3.05%Verified: 8/19/2026	3.05%Verified: 8/19/2026	3.05%Verified: 8/19/2026	3.05%Verified: 8/19/2026
Term	6 months	6 months	12 months	12 months	18 months	18 months	24 months	24 months	30 months	30 months	36 months	36 months	48 months	48 months	60 months	60 months
Min. Deposit	$1,000	$1,000	$1,000	$1,000	$100	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000
Early Withdrawal	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

First Federal Savings and Loan Association of Central Illinois, S.B. CD Rates Over Time

Not enough rate history to show a chart. We have CD rates for this bank from one day only. The chart shows when we collect more data.

Money Market Accounts Offered by First Federal Savings and Loan Association of Central Illinois, S.B.

Feature	Money Market
APY	1.26%Range: 0.75% - 1.26%Verified: 8/19/2026
Min. Deposit	$1,000
Min. Balance	$1,000
Monthly Fee	N/A
Direct Deposit	None
In-Branch Access	Yes
Compounding	monthly
FDIC Insured	Yes
Eligibility	United States

Alternatives to First Federal Savings and Loan Association of Central Illinois, S.B.

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For a top list of the highest savings rates, see all HYSA top rates

The Napoleon State Bank

Money Market Account: 1.01% APY

Minimum Deposit: $2,500

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Minimum Deposit: $5,000

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Eligible States: Limited (see details)

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Bundled Savings & Checking Account

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Minimum Deposit: N/A

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Minimum Deposit: N/A

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Minimum Deposit: N/A

First Fed Plus Savings: 0.71% APY

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Minimum Deposit: $1

Direct Deposit: Not required

First Choice Savings: 0.02% APY

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Minimum Deposit: N/A

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Minimum Deposit: $1,000

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Minimum Deposit: $0

Eligible States: Limited (see details)

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Minimum Deposit: $0

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Minimum Deposit: $100

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