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 447th largest bank in the nation. It was established in 1935 and as of March of 2018, it had grown to 390 employees at 18 locations. First Federal Lakewood's CD rates are 78% higher than the national average, and it has an A health rating.

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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
Employees390
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.92%
Annual Interest Income$15.0MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$1.82B$1.61B
LoansQ1 2018vs Q1 2017$1.52B$1.32B
DepositsQ1 2018vs Q1 2017$1.42B$1.29B
Equity CapitalQ1 2018vs Q1 2017$184.9MM$172.3MM
Loan Loss AllowanceQ1 2018vs Q1 2017$6.9MM$8.9MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$4.8MM$6.1MM
Real Estate OwnedQ1 2018vs Q1 2017$36.00K$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
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% 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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