Featured Savings Rates
Featured Accounts

First Federal Lakewood

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.25%5-year CD5 Year CD Special
0.45%1-year CD365 Day Jumbo CD
0.25%SavingsPassbook Savings Account

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 453rd largest bank in the nation. It was established in 1935 and as of September of 2017, it had grown to 391 employees at 18 locations. First Federal Lakewood's CD rates are 67% higher than the national average, and it has an A health rating.

Related Posts

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
Employees391
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.92%
Annual Interest Income$39.8MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.77B$1.62B
LoansQ3 2017vs Q3 2016$1.47B$1.36B
DepositsQ3 2017vs Q3 2016$1.35B$1.28B
Equity CapitalQ3 2017vs Q3 2016$175.6MM$168.2MM
Loan Loss AllowanceQ3 2017vs Q3 2016$7.2MM$10.7MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$6.8MM$6.4MM
Real Estate OwnedQ3 2017vs Q3 2016$511.00K$349.00K
Rates
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* 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
2.25%$500-5 Year CD Special
2.15%$500-4 Year CD Special
1.96%$500-3 Year CD Special
1.95%$500-2 Year CD Special
1.85%$500-Jump Rate CD
1.65%$500-18 Month CD Special
1.50%$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