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Perks with Every Account

Get monthly eStatements, transfer money, check your balance, and more — all available through Online and Mobile Banking!

Empower Your Financial Journey

Personal Finance Manager provides an overview of all your finances, including external accounts, while Credit Expert by SavvyMoney allows you to check your credit without affecting your score.

Secure Peace-of-Mind

Powerful end-to-end encryption means your transactions and personal information stays secure while Real-Time Alerts keep you up-to-date on your banking activities and help prevent fraud.

Banking Local Supports Your Community

As a mutual bank, we reinvest your investments directly back into the communities we serve. This means while your money earns you interest, it’s also helping your neighbors buy a home, build a business, and more.

Select the Savings Account that Fits Your Goals

Statement Savings

⭐A savings account for everyone

This account offers an easy way to start your savings journey! The more you keep in the account, the more your money grows.

  • Minimum to open: $10
  • $1 monthly fee is waived if daily balance is at least $100

Everyone can start saving with the Statement Savings Account. The more you keep in the account, the more your money grows! If you’re just starting out, this may be your ideal account. It keeps things simple and allows you to start saving immediately. 

If you’re looking to maintain a balance of at least $10,000, you’ll want to check out our Money Market Accounts. 

As of 5/18/2025

BalanceAnnual Percentage Yield (APY)*Interest Rate
under $25,0000.05%0.05%
$25,000 to $49,9990.10%0.10%
$50,000 to $99,9990.15%0.15%
$100,000 or more0.25%0.25%

*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.

Select Money Market

⭐Perfect for a wealth-building strategy

Earn a higher interest rate on your balance to make your money work harder for you.

  • Minimum to open: $10,000
  • $10 monthly fee is waived if daily balance is at least $10,000

Savings accounts can do more than store money for special purchases — they’re part of a wealth-building strategy. The Select Money Market account is a step in that direction. When you’re able to save at least $10,000, this may be your best choice.

Unlike a basic savings account, a money market account offers the best of both worlds: higher interest rates and easy access to your money. You earn a more competitive interest rate compared to a regular savings account, meaning your savings works harder for you.

Whether you’re saving for a dream vacation, a down payment on a home, or simply building a rainy-day fund, a Select Money Market account is a trusted tool in building a more financially secure future.

As of 5/18/2025

Annual Percentage Yield (APY)*Interest Rate

Balances under $25,000 – 0.05%;

Balances $25,000 to $99,999 – 0.20%;

Balances of $100,000 or more – 0.40%

Balances under $25,000 – 0.05%;

Balances $25,000 to $99,999 – 0.20%;

Balances of $100,000 or more – 0.40%

*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.

Health Savings Account

⭐Save for future medical expenses

Did you know you can choose Warsaw Federal for your Health Savings Account (HSA)? Qualified contributions are generally tax-deductible so you can grow your savings tax-free.

  • Minimum to open: $50
  • Setup fee is only $10
  • No monthly fee

Good News! If you have qualifying high-deductible health insurance coverage, you’re eligible for a HSA. You can open your account with us and enjoy both competitive rates and the mutual bank difference.

Opening a health saving account can be one of the wisest financial decisions you make. The money in the account bears interest, and you can withdraw funds at any time for qualified medical expenses. Plus, qualified contributions are generally tax-deductible. That means you can grow your savings tax-free.

As a mutual bank, we reinvest your funds to support our local communities. It’s banking with a purpose. 

Contact us today to learn more about our HSA option.

As of 5/18/2025

Annual Percentage Yield (APY)*Interest Rate

Balances under $25,000 – 0.25%;

Balance $25,000 to $49,999- 0.35%;

Balances of $50,000 or more 0.50%

Balances under $25,000 – 0.25%;

Balance $25,000 to $49,999- 0.35%;

Balances of $50,000 or more 0.50%;

Statement Savings

Select Money Market

Health Savings

Open Online

Open Account

Minimum Opening Balance$50$10,000$50
Monthly Service Charge$0 with average daily balance of $100; otherwise $1$0 with average daily balance of $10,000; otherwise $10None
Setup Fee$10
Interest BearingYesYesYes
Debit/ATM CardYesYesYes
Online BankingYesYesView Only
eStatementsYesYesYes
Online Bill PayYesYesView Only
Mobile BankingYesYes
APY*

Balances under $25,000 – 0.05%

Balances $25,000 to $49,999- 0.10%

Balances of $50,000 to $99,999- 0.15%

Balances of $100,000 or more- 0.25%

Balances under $25,000 – 0.05%

Balances $25,000 to $99,999 – 0.20%

Balances of $100,000 or more – 0.40%

Balances under $25,000 – 0.25%

Balance $25,000 to $49,999- 0.35%

Balances of $50,000 or more- 0.50%

Interest Rate*

Balances under $25,000 – 0.05%

Balances $25,000 to $49,999- 0.10%

Balances of $50,000 to $99,999- 0.15%

Balances of $100,000 or more- 0.25%

Balances under $25,000 – 0.05%

Balances $25,000 to $99,999 – 0.20%

Balances of $100,000 or more – 0.40%

Balances under $25,000 – 0.25%

Balance $25,000 to $49,999- 0.35%

Balances of $50,000 or more- 0.50%

    *Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.

    Download Our Mobile Banking App

    Our mobile app makes banking on the go efficient and secure. Access your accounts whenever, wherever. 

    Meeting Your Financial Needs

    Now Is the Time to Invest in a Certificate of Deposit

    Pair an interest bearing account with a Certificate of Deposit and watch your balance take off. By investing in your future, you invest in your community. It’s the mutual bank difference.

    Automate Your Savings With a DirectSave CD

    Pair an interest-bearing account with our DirectSave CD and watch your balance take off. By investing in your future, you invest in your community. It’s the mutual bank difference.

    Save with Confidence

    Want to learn more? We have articles, videos and resources to help you save with confidence.

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