Acacia Federal Savings Account Rates

Acacia Federal Savings Bank was opened in March 1985, as a subsidiary of Acacia Life Insurance Company. In the year ending 2007, Acacia’s assets reached at $1.492 billion. Its main activities are commercial real estate lending, construction lending, retail mortgage lending, deposit gathering and consumer lending. Its deposit products yield high returns for the investor. Its ‘Tiered Money Market Account’ offers competitive interest rates. You can enjoy high interest rates without tying up your funds.

You can open a Money Market Account with as low as $1,000 and go up to $125,000+. Its tiered rate structure is explained below:
A balance between $125,000 and over earns 3.20% interest, 3.25% APY.
A balance between $75,000 – 124,999 earns 2.96% interest, 3.00% APY.
A balance between $25,000 to $74,999 earns 2.71% interest, 2.75% APY.
A balance between $10,000-$24,999 earns 2.47% interest, 2.50% APY.
A balance between $0-$9,999 earns 1.24% interest, 1.25% APY.
*The rates as current on 31-05-08.

Money Market Account Features:
- Federal regulation allows; three checks and three pre-authorized withdrawals or six pre-authorized withdrawals. However, if the funds are deposited in the form of a check then you can make ulimited withdrawals through mail or by phone.
- Free Online Banking allows you to view your account history, interest rate and transfer funds between your accounts with Acacia Bank.
- Your deposits up to $100,000 are insured by FDIC.
- A monthly service fee of $10 is charged if your balance falls below $1,000.

As a member of the UNIFI Companies Acacia Bank is committed to your financial stability by providing highest quality service. You may submit your application online or speak to them directly at (800)-950-0236.