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Bedford Federal Savings Bank

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Bedford Federal Savings Bank Rates & Review April 2026

Item: Bedford Federal Savings Bank
Rating: 1
Author: Bill McFadden

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 27, 2026

You can compare Bedford Federal Savings Bank rates to other rates in our database, including 12-month CD rates currently at 1.90%, 6-month CD rates at 1.61% and 3-month CD rates at 2.02%. Savings rates are at 0.01% and money market rates are at 2.00%. Mortgage rates on 30-year fixed loans are around 5.97%. All these rates can be compared to Bedford Federal Savings Bank rates. MonitorBankRates evaluates the financial stability of Bedford Federal Savings Bank with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 8.42%. Rates were last updated on 04/27/2026.

Bedford Federal Savings Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Bedford Federal Savings Bank? Share your experience about Bedford Federal Savings Bank by leaving a review below, or read customer reviews before you decide to use Bedford Federal Savings Bank.

Overall Health & Safety Grade

Excellent Health Score: 96/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

8.42%

Excellent Higher than avg

Bedford Federal Savings Bank

1030 15th St
Bedford, IN 47421

https://www.bedfed.com

Current Rate Availability

We do not have Bedford Federal Savings Bank rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Bedford Federal Savings Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Bedford Federal Savings Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Bedford Federal Savings Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Bedford Federal Savings Bank

FDIC Certificate # 29024

Address 1030 15th St, Bedford, IN 47421 · Lawrence

Website https://www.bedfed.com

Established 07/01/1934

FDIC Insurance Date 08/09/1989

Domestic Offices 2

Total Branches 2

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 96/100

5.0

Exceptional Out of 5.0 Stars

8.42%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.9185%

Return on Equity (ROE) 9.0700%

Non-Performing Loans (NPL) 0.60%

Total Assets $285,643,000

Total Deposits $246,645,000

Equity Capital $27,641,000

Net Income $3,060,000

Headquarters Bedford

Total Offices 2

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

Bill McFadden

★☆☆☆☆

February 24, 2026

I’m a retired banker and BedFed reminds me of banking when I started back on the 1970’s buy with the latest technology…Their staff is very knowledgeable and customer oriented… They offer a full array of products and services…Shea is awesome along with all his staff and board member… Great job and I couldn’t be more proud to be one of their Customers… A five star bank through and through.

Average Rating

★☆☆☆☆

Total Reviews

Add Your Rating and Review for Bedford Federal Savings Bank

Frequently Asked Questions About Bedford Federal Savings Bank

Is Bedford Federal Savings Bank a safe place to deposit money?

Yes, Bedford Federal Savings Bank is considered a safe financial institution. With a Texas Ratio of 8.4193993622388%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Bedford Federal Savings Bank operate?

Bedford Federal Savings Bank currently maintains approximately 2 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Bedford Federal Savings Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Bedford Federal Savings Bank provides members with tools to manage their accounts and build a solid financial history.

Does Bedford Federal Savings Bank offer online and mobile banking?

Most modern institutions like Bedford Federal Savings Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.bedfed.com.