Choose from a variety of long and short-term savings plans to help you make the most of your money. No matter what stage of life you may be in, we have the plan to help you manage your money...in a way that is most convenient for you.
Passbook and Statement Savings
Money Market Investment Account
Certificates of Deposit
Individual Retirement Accounts
Kids Savings
Time of Your Life Club®
Christmas Club
Phone Penny® - for current rates, 24 hours a day.
The traditional passbook account is still a favorite. Earn daily compounding interest with a low minimum balance. And if you want to access your funds with an ATM card, statement savings gives you the option.
- Low $100 minimum balance.
- Daily compounding interest.
- Unlimited withdrawals and deposits.
A great account if you have more to invest and want to earn a higher interest rate than other checking or savings. This account also lets you write up to 3 third party checks per month with unlimited in-person access to your funds.
- $2500 minimum balance pays competitive interest rate.
- No monthly service fee when you maintain $1000 balance.
- Unlimited in-person withdrawals.
 
We offer a variety of long and short-term savings plans to help you meet your current and future financial needs and goals.
- Terms available from 3 months to 5 years.
- Competitive interest rates with a $1000 minimum balance.
- Deposits insured to $100,000 by the FDIC.
Don't gamble with your future. Open an Individual Retirement Account and save for a comfortable retirement. Long and short term IRAs are available with tax-deferred savings.
- Fixed and variable terms available from 1 year to 5 years.
- Low $250 minimum balance.
- Competitive interest rates.
A special account to help your children begin a lifetime of productive saving. Also, visit the Kids Club page to get details on our program for kids age 12 and under. 
- Joining is easy...just a $10 deposit.
- Daily compounding interest.
- Develop strong saving habits early.
By the time you reach age 50, you've earned the right to a few privileges. That's why we've created the Time of Your Life Club just for you. This special program of financial services, social activities and more is designed for customers age 50 or better. Visit the Time of Your Life Club page to get details on this popular program and current club happenings.
- Easy to join only $2500 in total deposits
- Enjoy a full range of free and special services
- We can help you have the time of your life!
Be prepared for holiday expenses by saving throughout the year in our Christmas Club account. Money saved and interest earned can help you avoid using costly credit cards.
- Low $10 deposit to open with no minimum balance.
- Earns interest compounded quarterly.
- Unlimited deposits.
For current rates, call our 24-hour bank-by-phone teller.
Rates are subject to change at any time without notice. Minimum balance must be maintained to avoid applicable fee and earn interest. A penalty may be imposed for early withdrawal on CDs.
Account disclosures containing full information on terms, fees and rates are available upon request. If you would like further information about any of these products, please see a Personal Banker at the office nearest you or Contact Us. Let us know how we can help you.
 
We offer 5 different checking accounts that meet different lifestyle needs. We have a plan to help you manage your money now, and as your financial needs change in the future.
Totally Free Checking - No minimum balance with unlimited checkwriting.
Classic Checking - Our most popular, with a low minimum balance and lots of extras.
Masterpiece Checking - Get the most from your checking relationship.
Time of Your Life Club® Checking - For those age 50 or better, this account has lots of rewards.
Student Checking - Make college a little easier with this convenient account.
Quick-Switch Checking Kit® - Makes changing checking accounts as easy as flicking a switch!
If you want a zero minimum balance account with unlimited checkwriting, this is your account.
- No minimum balance
- No monthly maintenance fee
- Unlimited checkwriting
- No annual fee ATM/Check Card
- Free transactions at HFB ATMs, first 2 transactions per month at non-HFB ATMs - free
- Free bank-by-phone
- Free check exchange
- Direct Deposits and automatic withdrawals free of charge
-
Free Overdraft Privilege Protection
- Return of checks not available
- Does not earn interest
A very affordable, low minimum balance account with lots of extras. The best checking in town!
 $250 minimum balance- Earns interest
- No monthly maintenance fee
- First 20 checks per cycle- free of charge
- No annual fee ATM/Check card
- Free transactions at HFB ATMs, first 2 transactions per month at non-HFB ATMs - free
- Direct Deposits and automatic-withdrawals - free of charge
- Checks returned in monthly statement
- Free bank-by-phone
- Free check exchange
-
Free Overdraft Privilege Protection
Additional benefits with Direct Deposit and/or automatic withdrawal of mortgage payment:
- Unlimited checkwriting
- $100 off HFB mortgage application
- 20 basis point bonus on CDs opened with new funds
- 20 basis point reduction on new auto, personal or fixed rate Home Equity Loans.
The perfect account for those who want the most from their checking account relationship.
- $2500 minimum balance
- Earns interest
- No monthly maintenance fee
- Unlimited checkwriting
- No annual fee ATM/Check card
- Free transactions at HFB ATMs, first 2 transactions per month at non-HFB ATMs - free
- Direct Deposits and automatic-withdrawals - free of charge
- Checks returned in monthly statement
- Free bank-by-phone
- Free check exchange
-
Free Overdraft Privilege Protection
Additional benefits with Direct Deposit and/or automatic withdrawal of mortgage payment:
- $100 off HFB mortgage application
- 25 basis point bonus on CDs opened with new funds
- 25 basis point reduction on new auto, personal or fixed rate Home Equity Loans.
- No service fee for money orders, travelers, cashiers and certified checks, utility bills and photocopies.
If you're age 50 or better, and maintain $2500 or more in HFB accounts (including this one), this checking rewards you plenty.
- $250 minimum balance
- Earns interest
- No monthly maintenance fee
- Unlimited checkwriting
- No annual fee ATM/Check card
- Free transactions at HFB ATMs, first 2 transactions per month at non-HFB ATMs - free
- Direct Deposits and automatic-withdrawals - free of charge
- Checks returned in monthly statement
- Free bank-by-phone
- Free check exchange
-
Free Overdraft Privilege Protection
- Club members receive a host of benefits (visit the Time of Your Life Club for details and current club events)
Additional benefits with Direct Deposit and/or automatic withdrawal of mortgage payment:
- $100 off HFB mortgage application
- 25 basis point bonus on CDs opened with new funds
- 25 basis point reduction on new auto, personal or fixed rate Home Equity Loans.
Students need a checking account to make their life easier. Age 18 to 23? This account can help you.
- No minimum balance.
- No monthly maintenance fee
- First 20 checks per cycle-free of charge
- Free bank-by-phone
- Free check exchange
- No annual fee ATM/Check card
- Free transactions at HFB ATMs, first 2 transactions per month at non-HFB ATMs - free
- Direct Deposits and automatic-withdrawals - free of charge
-
Free Overdraft Privilege Protection
- Return of checks not available
- Does not earn interest
Rates are subject to change at any time without notice. Minimum balance must be maintained to avoid applicable fee and earn interest. Check writing fees (above the 20 free checks per statement cycle month) could reduce earnings. A penalty may be imposed for early withdrawal on CDs.
Account disclosures containing full information on terms, fees and rates are available upon request. If you would like further information about any of these products, please see a Personal Banker at the office nearest you or Contact Us. Let us know how we can help you.
We know how busy you are, so the thought of changing checking accounts may seem a little crazy. But we make the process painless and easy. With just a few minutes of your time and all of our legwork, you can enjoy the benefits of checking from Hemlock Federal. Stop by or Contact Us and we'll be happy to provide you with our simple and convenient switch kit.
Q: Isn't changing checking accounts complicated?
A: Not with us! Just complete the switch kit and bring it to any of our locations. It only takes a few minutes of your time.
Q: Seems like alot of trouble.
A: Then we'll fill it out for you! Just bring in your last statement and anything that contains direct deposit or automatic payment information like your loan coupon book or paystub.
Q: Won't it be difficult to switch my direct deposits and automatic payments?
A: NO! We'll do everything for you! We even follow up to make sure all changes are completed quickly and correctly.
Q: I just ordered checks. Do I have to buy more?
A: Not with us! Bring in your old checks and we'll order 200 Fine Line checks...FREE of charge!
Q: I don't want to give up my ATM card.
A: You won't have to! We offer an ATM/Check card that gives you easy access to cash 24 hours a day along with purchasing power anywhere MasterCard ® is accepted.
Q: But I'm on number 3154 with my current checks!
A: No problem! We can start you at the higher number.
Q: Just what would you do to get my checking account?
A: We'd climb the highest mountain, brave shark-infested waters...well, you get the idea!
Q: But what do I tell my old bank?
A: How about, "Hemlock Federal made me an offer I couldn't refuse!"
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