Home Federal Bank - A better way

Minor Savings

It's never too early to start saving. 

  • No Service Charge Savings for account owners under age 18
  • Parent/Guardian must be on account
  • Minimum of $100.00 required to open 
  • Federal regulation limits pre-authorized withdrawals to six per statement cycle (automatic & telephone payments, drafts, debit card and other similar transactions).1 Limit does not apply to withdrawals if done in person, by mail, messenger or ATM.
  • No minimum balance required
  • Quarterly printed or e-statement provided
  • Free online banking

Visit one of our convenient Locations!

 

Now you have a savings account lets learn how to use it! 
When you get birthday money, or earned a few dollars for chores, what do you do with it?

  • spend all of your money?
  • save all of your money?
  • save some of it and spend the rest?

There is really no wrong answer, but let's learn to be money wise.

  • When you earn or are gifted money deposit it in your savings account. 
    • Deposit = to put or place in a specific location
  • Keep track of how much money you have. This way you know if you can afford that snack at school or that bookmark at the book fair.
    • Remember that the more money you save, the more you can actually buy.
  • Want a new game or even a bike? Find out how much the item costs and set a goal. Put money in your savings account until you can pay for the item.

1 Transfers and drafts in excess of the limitations will subject the account to loss of transfer and draft capabilities or closure.

For all personal checking and savings accounts: All interest rates subject to change. Contact a Home Federal Bank location near you for interest rates. Must open account in person and live or work in our market area.

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