Acacia Federal Savings Account

Acacia Federal Savings Bank, a subsidiary of the Acacia Life Insurance Company based in Falls Church, VA, is offering competitive rates for their savings account. The Sensible Savings Account rate and savings account yield are both currently at 1.00 percent.

While the 1.00 percent interest rate isn't the highest rate around, it's more than double the national average savings rate. The bank also offers certificates of deposit in CD terms of 3 months to 60 months and a money market account that has tiered money market account rates.

Savings Account Features:

  • Free automatic account transfers.
  • Low initial deposit
  • There are no monthly maintenance fees.
  • 24/7 account information access.

Acacia Federal has been operating in the Washington DC Metro area since it opened in March 1985. All deposit accounts are insured by the Federal Deposit Insurance Corporation for up to $250,000 per account per depositor.

Author: Lisa Graham
March 7th, 2010

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