Overview / Commentary
216-529-2682
14806 Detroit Ave
Lakewood, OH 44107

First Federal Lakewood is headquartered in Lakewood and is the 16th largest bank in the state of Ohio. It is also the 424th largest bank in the nation. It was established in 1935 and as of June of 2018, it had grown to 372 employees at 18 locations. First Federal Lakewood's money market rates are 6X the national average, and it has an A health rating.

Related Posts

First Federal Lakewood (OH) Adds Select Money Market, 2.53% APY - 10/15/2018

First Federal Lakewood (northeast Ohio) has added a Select Money Market Account (2.25% APY). Rate guaranteed for 1 year. Minimum opening deposit is $10k of new money.

2-Year CD, 2.22% APY - 2/16/2018

2-year CD, 2.22% APY, $500 minimum deposit. Can be opened online by Ohio residents.

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Reviews (1)

Very low limit on daily ATM transactions

This bank has mostly met my needs. The mobile experience is surprisingly good for a small, local bank. I do, however, dislike the low amount that you can withdraw from ATMs each day. You can only withdraw $200 a day, which has been an inconvenience to me many times.



Health

Health Grade Components

Overall
FDIC Certificate #29488
Year Established1935
Employees372
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.86%
Annual Interest Income$30.6MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.91B$1.68B
LoansQ2 2018vs Q2 2017$1.61B$1.40B
DepositsQ2 2018vs Q2 2017$1.48B$1.33B
Equity CapitalQ2 2018vs Q2 2017$185.9MM$173.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$6.9MM$8.8MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$4.3MM$8.0MM
Real Estate OwnedQ2 2018vs Q2 2017$81.00K$100.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Federal Lakewood; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Federal Lakewood Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$25k*-Statement Savings Account
OTHER TIERS: 0.05% Up to $9k | 0.10% $9k - $15k | 0.15% $15k - $25k
0.25%*$50k*-Passbook Savings Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k
0.25%*$50k*-Christmas Club Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k

First Federal Lakewood Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$10k$1mSelect Money Market Promo - 12 month guaranteed rate (New Money)
0.45%*$100k*-Select Money Market Account
OTHER TIERS: 0.05% Up to $10k | 0.15% $10k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k

First Federal Lakewood Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$1.5k*-Preferred Interest Checking Account
OTHER TIERS: 0.05% $1 - $1.5k
0.05%$50-Direct Interest Checking Account
0.05%$50-Advantage50 Checking Account

First Federal Lakewood CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-13 Month CD Special - New Money
2.42%$500-5 Year CD
2.27%$500-4 Year CD
2.22%$500-2 Year CD
2.12%$500-Jump Rate CD
1.96%$500-3 Year CD
1.65%$500-18 Month CD
1.60%$500-1 Year CD
0.65%$100k-270 Day Jumbo Renewal CD
0.65%$100k-270 Day Jumbo CD
0.50%$250-6 Month Direct Save CD
0.45%$100k-365 Day Jumbo Renewal CD
0.45%$100k-365 Day Jumbo CD
0.30%$100k-180 Day Jumbo Renewal CD
0.30%$100k-180 Day Jumbo CD
0.25%$100k-30 Day Jumbo Renewal CD
0.25%$100k-30 Day Jumbo CD
0.20%$100k-60 Day Jumbo Renewal CD
0.20%$100k-90 Day Jumbo Renewal CD
0.20%$100k-60 Day Jumbo CD
0.20%$100k-90 Day Jumbo CD
0.15%$500-9 Month CD
0.10%$500-3 Month CD
0.10%$500-6 Month CD
Locations

Availability



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