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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 456th largest bank in the nation. It was established in 1935 and as of December of 2017, it had grown to 389 employees at 18 locations. First Federal Lakewood's CD rates are 78% higher than the national average, and it has an A health rating.

Related Posts

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.

First Federal Lakewood (OH) Money Market 1 Year Guarantee - 5/4/2017

First Federal Lakewood's (OH) is offering a one-year guaranteed 1.28% APY on its Select Money Market Account. Min deposit is $1k of new money, with a max of $1m.

Money Market Promo In Ohio - 1.28% For First 12 Months - 4/28/2017

Saw this promo being advertised at a Cleveland branch of First Federal Lakewood Receive 1.28% APY for the first 12 months on a new personal or business Money Market Account now until July 31, 2017. https://www.ffl.net/promotions/128mma Minimum balance to open and earn the promotional APY is $1,000. Deposit limited to $1,000,000 per household. During the first 365 days, the minimum average daily balance required to avoid a $10 monthly service fee is $1,000. After 365 days, the minimum average daily balance is $10,000 to avoid the $10 monthly service fee. customer must currently have or open a new FFL checking account. Note, they’re offering a gift when you open their Simply Free Checking Account. https://www.ffl.net/free-checking

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
Employees389
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD5.26%
Annual Interest Income$54.2MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$1.78B$1.63B
LoansQ4 2017vs Q4 2016$1.48B$1.33B
DepositsQ4 2017vs Q4 2016$1.41B$1.31B
Equity CapitalQ4 2017vs Q4 2016$178.3MM$171.4MM
Loan Loss AllowanceQ4 2017vs Q4 2016$6.7MM$10.4MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$5.4MM$6.6MM
Real Estate OwnedQ4 2017vs Q4 2016$459.00K$326.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

2-Year CD, 2.22% APY

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

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
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%*$1,500*-Preferred Interest Checking Account
OTHER TIERS: 0.05% Up to $1,500
0.05%$50-Direct Interest Checking Account
0.05%$50-Advantage50 Checking Account

First Federal Lakewood CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.42%$500-5 Year CD Special
2.27%$500-4 Year CD Special
2.22%$500-2 Year CD Special
2.12%$500-Jump Rate CD
1.96%$500-3 Year CD Special
1.65%$500-18 Month CD Special
1.60%$500-1 Year CD Special
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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