Homewood Federal Savings Bank is your trusted Baltimore bank.
Savings goals vary from person to person. As your neighbors, we are here to offer a personalized approach to savings that helps you achieve your long and short-term goals. Your money is always federally-insured up to at least $250,000 through the FDIC.
This is a great place to start saving your hard-earned dollars. It’s a straight-forward approach to growing your savings.
- Competitive interest rates
- No minimum balances or fees
- Your money is always readily available to you either through a visit to our local office or with the ease of a debit card
- You have the convenience of being part of a network of 1500 surcharge-free ATMs that offers you debit-card access to your savings account
If you’re looking for a higher rate of return, but still want the convenience of instant-access to your savings, a Money Market account from Homewood Federal Savings Bank is a great investment for you.
- Competitive interest rates
- Higher earning than traditional Statement Savings accounts
- You can write checks from this account to have instant-access to your funds
- Tiered accounts help you to earn more if you save more
- You’re not locked into a long-term investment
We can help you achieve your longer-term savings goals with CDs offering variable terms. These investments offer you the security and rates you need, with the flexibility you want.
- Competitive interest rates
- The longer you invest, the higher the yield
- Low $500 minimum allows anyone to start investing in most of our CDs
- Automatically renews for the same term if you choose to leave the funds invested
- Choose the length of your investment from 6 to 60 months
It’s a gift you give yourself: a tidy sum for your holiday shopping. You have the option to set up an automatic deposit into this account on a regular schedule so you can set it and forget it – until you receive your check in October.
- Competitive interest rates
- Begin replenishing your account immediately to save for next year
- Manage your shopping better by having a budgeted amount saved in advance
IRAs are a fantastic retirement savings tool and it’s never too early to get started. We offer flexibility in our accounts to meet your retirement needs. Our associates will work with your goals to set up the best option for you.