Savings, Certificate of Deposit (CD), and Money Market Accounts 

Savings Accounts

  Certificates of Deposit (CDs)  

  Money Market Accounts  

Savings Accounts

Home Federal Bank offers a variety of savings accounts. If you are looking to start an account for a child, save for retirement, or anything in between, Home Federal Bank has a savings account for you..

Statement Savings

Home Federal Bank's Statement Savings account provides a quarterly statement of account activity for easy reference. Our account earns competitive rates.  Maintaining a balance of $250 or having a combined total relationship with loans and/or deposits over $5000 will avoid the monthly service fee.

Student Savings

Home Federal Bank's Student Savings account is offered to our junior savers, as well as those who might already be in school. With this savings account a young teenager can start their college fund, or an undergraduate may start their graduate school savings. This account provides quarterly statements and competitive interest rates. Maintaining a balance of $100 or more will avoid the monthly service fee.

"HOMER'S Club" for Junior Savers

 Homers Club with Homer the Lion

This is a special savings program for children designed to make savings a fun educational experience. When children join our Homer's club they will receive:

  • A Homer t-shirt
  • An identification card and membership certificate "signed" by Homer
  • Special mailings, events and surprises
  • An opportunity to see how their savings grow

Homer's Club is an excellent way to start saving for your child's college education. A Homer's Club account also makes a great gift for any occasion!

Certificates of Deposit (CDs)

A higher rate of interest can be earned on Home Federal Bank certificate of deposit (CD) accounts. This is an excellent tool for managing your funds when you are able to set money aside for a specified period of time.  We offer a variety and some with a minimum investment of $2500.

Our certificate of deposit accounts are set up to renew automatically at the current rate unless the account holder decides to redeem or transfer. Standard terms range from 91 days to 5 years. In the event of early withdrawals, an interest penalty may be assessed.

Easy Access Account

This account gives you the benefit of a certificate of deposit rate with the access feature of a savings account. After an initial deposit of $2,500 (minimum opening balance) you can deposit up to $100,000 in your account at any time. You can also withdraw from your account with no penalty after only eight (8) days from opening the account. The account will renew automatically at maturity at the current rate of interest.

Educational CD Account

Home Federal Bank can help you with your child's college education with our Education CD Account. You can open an Education Account with a minimum opening deposit of $500, and then add to it at any time with deposits of $50 or more. The Education CD Account is designed as a 5 year variable rate certificate of deposit. However, if your child is ready to enter college in less than the five year term, funds may be withdrawn without a penalty at the time needed. Your child's education is of the utmost importance...so plan and prepare for it now.

Money Market Accounts

Home Federal Bank offers competitive Money Market accounts to our customers. Money Market accounts allow you to save money while still having immediate access to your funds. The ability to write checks and earn interest makes this a sensible choice for customers.

Money Market Plus

If you maintain a balance of $2,500 you will avoid a monthly service fee.  Home Federal Bank's Money Market Plus Account features:

  • Unlimited withdrawals and transfers may be made in person, at an ATM or by mail.
  • Limited transactions up to six (6) per cycle by check, Phone Home, Home Banker, ACH or automatic transfers.
  • Direct DepositsMonthly or quarterly statements based on activity
  • FREE ATM card
  • FREE Home Banker online banking with Bill Pay
  • FREE Phone Home telebanking
  • FREE e-Statements

Presidential Money Market

If you maintain a balance of $50,000 you will earn a higher interest rate than the Money Market Plus. Home Federal Bank's Presidential Money Market Account features:

  • Unlimited withdrawals and transfers may be made in person, at an ATM or by mail.
  • Limited transactions up to six (6) per cycle by check, Phone Home, Home Banker, ACH or automatic transfers.
  • Direct Deposits
  • Monthly or quarterly statements based on activity
  • FREE ATM card
  • FREE Home Banker online banking with Bill Pay
  • FREE Phone Home telebanking
  • FREE e-Statements

Use our calculators to see how much can earn and watch your investments grow.

Get more information about savings accounts, certificate of deposits, money market accounts or rates with our Account Request Form.

Visit a Home Federal Bank location near you in Kentucky or Tennessee and let one of our Personal Bankers help you select the right Savings, CD, or Money Market for you. Home Federal Bank is your hometown bank that understands the needs of our communities. Wherever you are, wherever you go, Home Federal Bank is Always Within Reach®.