Personal Deposit Solutions

At Home Federal Savings and Loan Association of Niles, we offer a variety of personal deposit accounts designed to help you achieve your financial goals. Our competitive interest rates and flexible terms ensure that your savings grow securely.

N.O.W. / 62 Advantage Checking

We only have one type of checking account because that’s all you need! Let one of our Personal Banking Representatives open one for you today.

Features

✔ Online banking and Free Bill Pay
✔ Unlimited check writing
✔ Debit card/ATM available
✔ Paper statement or eStatement
✔ Overdraft protection: Link your checking account to your Home Federal Savings and Loan Association of Niles savings account

Details

✔$300.00 minimum to open the account.
✔A service charge of $10.00 plus $0.25 check cleared during the month will be imposed every month if the balance in the account falls below $300.00 any day during the statement cycle
✔62 Advantage Accountholders: if you are age 62 or more and your tax identification number is used for tax reporting purposes there is no minimum balance requirement. Account holders must notify Home Federal Savings and Loan Association of Niles for the change to be applied.

You must maintain a minimum balance of $300.00 in the account each day to obtain the disclosed annual percentage yield. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Your interest rate and annual percentage yield may change on your account at any time. Interest will be compounded on a daily basis and credited to your account on a monthly basis.

Savings Accounts

Money Market Deposit Account

Our Money Market Deposit Account is ideal for individuals seeking higher earnings without sacrificing accessibility.

Key Features:
✔Minimum Opening Balance: $2,500.00
✔Tiered Interest Rates: Competitive rates on balances of $300.00 or more; higher balances earn higher rates.
✔Minimum Balance Requirement: $300.00
✔Transaction Limitations: Up to six (6) transfers or withdrawals per monthly statement cycle.
✔Account Access: Online banking with unlimited deposits and transfers into the account.
✔Statements: Choose between paper statements or eStatements.

To earn the disclosed Annual Percentage Yield (APY), maintain a minimum balance of $300.00 each day. Interest rates and APYs are subject to change. Interest is compounded daily and credited monthly.

For detailed tiering levels and applicable interest rates, please contact us.

Personal Savings Account

Our Personal Savings Account provides a secure way to save for future needs while keeping your funds accessible.

Key Features:
✔Minimum Opening Balance: $50.00
✔Minimum Balance Requirement: $50.00
✔Interest Rate/APY: Competitive rates to help your savings grow.
✔Transaction Limitations: Limited to six (6) withdrawals per month.
✔Account Access: Online banking and ATM availability.
✔Overdraft Protection: Option to link your savings account to your Home Federal Savings and Loan Association of Niles checking account.

Maintain a minimum balance of $50.00 each day to earn the disclosed APY. Interest is compounded daily and credited monthly. Interest rates and APYs are subject to change.

Christmas Club Account

Prepare for the holiday season with our Christmas Club Account, designed to make your festive spending stress-free

Key Features:
✔Minimum Opening Balance: $25.00
✔Contribution Flexibility: Make deposits at your convenience to build your holiday fund.
✔Payout Timing: Checks are mailed at the end of October, just in time for holiday shopping.
✔Withdrawal Restrictions: To maximize your savings, withdrawals before the payout date are not permitted.

Start saving early to ensure a financially stress-free holiday season

Money Market Deposit Account: Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate at any time. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded on a daily basis and credited to your account on a monthly basis.

Statement Savings Account: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). We reserve the right to require seven (7) day notice prior to withdrawal. You may not bring the account balance below the minimum balance without closing the account. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. Interest will be compounded on a daily basis and credited to your account on a quarterly basis.

Certificates of Deposit (CDs) & Individual Retirement Accounts (IRAs)

Certificates of Deposit

Looking for a guaranteed rate of return for your money? We have a variety of CD options for you. Lock in a great rate today!

✔ $1,000.00 minimum to open the account
✔ Terms 6 months to 72 months
✔ Fixed rates, higher than a regular savings
✔ Receive higher rates by selecting a longer term
✔ You must maintain $1,000.00 minimum balance to obtain the annual percentage yield
View our Terms and Conditions

Jumbo Certificate of Deposit

Safely lock your money away in a solid, secure investment plan with high returns. Choose a term that works best for you

✔ $100,000.00 minimum to open the account
✔ Terms 6 months to 72 months
✔ Fixed rates, higher than regular certificates or savings
✔ Receive higher rates by selecting a longer term
✔ You must maintain $100,000.00 minimum balance to obtain the annual percentage yield

I.R.A. Certificates of Deposit

Get the retirement you deserve with a competitive interest-bearing IRA

✔ $500.00 minimum to open the account
✔ You must maintain $500.00 in the account each day to obtain the annual percentage yield
✔ Fixed interest rate until the maturity date of the certificate
✔ Receive higher rates by selecting a longer term

I.R.A. Savings Account

Get the retirement you deserve with a competitive interest-bearing IRA

✔ $50.00 minimum to open the account
✔ You must maintain $50.00 in the account each day to obtain the annual percentage yield

Jumbo Certificate of Deposit: Certificates will earn interest on a monthly compounded basis and credited on a monthly basis unless quarterly, semi-annual or at maturity checks or transfers are taken. Interest will be earned on a non-compounding basis. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). You may not make deposits into your account until the maturity date. You will be paid the fixed interest rate until the maturity date of the certificate. The penalty for withdrawal of principle prior to the maturity date is negotiated at the time the certificate is opened. The annual percentage yield disclosed is assumed that the interest will remain on deposit until maturity. Any withdrawal will reduce earnings. This account will not renew automatically at maturity. If you do not renew the account, your deposit will be placed in an interest bearing account.

I.R.A. Certificates of Deposit: Interest will be compounded on a daily basis and credited to your account on a quarterly basis. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). You may not make deposits into your account until the maturity date. IF you reduce the balance in the account below the minimum balance requirement, we may impose the penalty on the entire account balance and any funds left in the account will then receive the interest rate and annual percentage yield then being paid on regular savings account. If the funds deposited in a certificate account are to open an Individual Retirement Account, no penalty will be imposed for any withdrawal that is made within 7 days of establishing the IRA Account. In addition to any penalty that we may impose for early withdrawal, under certain circumstances, there may be an additional IRS penalty. See your Retirement Account Documents for details. The annual percentage yield disclosed is assumed that the interest will remain on deposit. Any withdrawal will reduce earnings. Your account will automatically renew at maturity. You will have 7 calendar days after the maturity date to withdraw your funds without being charged a penalty.

I.R.A. Savings Account: Your interest rate and annual percentage yield may change on your account at any time. Interest will be compounded on a daily basis and credited to your account on a quarterly basis. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). You may not bring the account balance below the minimum balance without closing the account.

Questions?

For full information on products and services we offer, including applicable disclosures and fees, please contact us 330-652-2539.