For most people, an ideal savings and investment strategy includes keeping a portion of your money in FDIC-insured accounts. These include traditional savings accounts, money markets and certificates of deposit. At Hatboro Federal, all of these accounts are easy to access, offer predictable interest rates and are fully insured by the FDIC.

Passbook Savings

A Passbook Savings Account is still the easiest way to get in the habit of saving. All you need to open a Passbook Account is $50. All accounts that maintain a minimum daily balance of $100 earn a variable rate of interest, which may adjust daily, on the entire balance. Balances below $100 do not earn interest.
Interest is compounded and credited quarterly and accrues from the day of deposit to the day of withdrawal. There is a service charge of $1 per month whenever the account has been dormant for one year and the minimum daily balance falls below $100 in any given month.

School Passbook Savings

School Passbook Savings Accounts are available to students of local elementary schools surrounding our branch offices. The accounts are administered in cooperation with the schools and the HSA’s of those schools.

A minimum initial deposit of $1 is required. Minimum daily balance to earn the interest rate and annual percentage yield is $25 and above. No fees will be assessed for low balance or dormant accounts.

Christmas Club Account

A Christmas Club is a painless way to plan and pay for all those holiday expenses. This is a non-interest bearing account that has no service fees. A minimum initial deposit of $5, $10, or $20 is required. Proceeds are disbursed at the end of October.

Money Market Tiered Account

A Money Market Tiered Account from Hatboro Federal offers you maximum return, liquidity and safety. And, as your balance grows and moves to a higher tier, so does the interest you earn. The minimum investment is $1,000. Balances below $1,000 do not earn interest.

Interest is compounded and credited monthly. Interest accrues from the day of deposit to the day of withdrawal. No notice of withdrawal is required. There is a service charge of $1 per month whenever the average daily balance falls below $500 for the month. Federal Regulations limit the number of checks that can be drawn against your account to a maximum of three per month.

Certificates of Deposit
Certificates of Deposit (CD’s) is a great way to save if you don’t need immediate access to your money. CD’s pay a higher rate of interest than a traditional savings or money market account. Hatboro Federal offers fixed-rate CD’s with terms from 91 days to 5 years. Generally, a higher rate of interest is paid the longer the term.