Dedicated to Deposits: Deals, Data, and Discussion

4.00% 4-Month CD at Third Federal Savings & Loan - Nationally Available


Third Federal Savings and Loan (OH)
Update 10/25/08: This special 4% 4-month CD is no longer available. Please check with the bank for the latest rates and specials.

Third Federal Savings & Loan is offering a special 4.00% APY 4-month CD. The minimum deposit is $500, and there is no maximum deposit limit. This doesn't seem to be listed at the bank's rate table. A reader mentioned it to me, and I just called their toll-free number (1-800-844-7333) for more details. According to the CSR, people from any state can apply by phone. They'll mail you the signature card, and they'll give you 15 days to mail it back with the check to lock in the rate. They also accept a wire transfer but there is a $10 incoming fee.

Third Federal is still offering a 5% APY on 48-month and longer terms. For more details about their CDs including options to close the CD, please refer to my July Third Federal post. For those who prefer opening CDs at a branch, Third Federal's branches are located in Ohio and in South Florida.

Make sure not to confuse Third Federal with Fifth Third Bank. Unlike Fifth Third Bank, Third Federal has been able to avoid many of the financial problems of the mortgage mess (see news article). Third Federal also has the top star rating at BauerFinancial (5 stars) based on 3/31/08 data. The bank has been FDIC insured since 1938 (FDIC Certificate # 30012).

Thanks to the reader who emailed me news of this special CD.

Related Pages: CD rates, Third Federal Savings and Loan (OH), Ohio, Florida

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Comment #1 by Anonymous posted on
Contrary to the information contained in the July 11, 2008 post about closing a CD at Third Federal, the CSR with whom I spoke today said that, when the CD matures and you want to withdraw the funds, they will mail you a check but will not send the funds by wire.

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. When I called this morning, the CSR told me the same thing, but I had forgotten to update that post. It's updated now.

Comment #3 by Anonymous posted on
Too bad you they mail the check. That one or two week loss of interest is a deterrent in any cd situation. Not worth the extra 50 bps above savings accounts.