First Federal Lakewood

Deposits held and insured by First Mutual Bank (WV)

Reviews (2)

Great Money Market Rates Off And On

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First Federal Lakewood has always offered good service in its branches, but not great deposit rates -- BUT, in the past couple years they have beaten national competition with their money market rates off and on, with rates guaranteed for a year. Most recent was 2.5% guaranteed, which has since disappeared -- but if you catch them at the right moment, they are as good as anyone else in the country. Keep checking back with them.

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
A

Data as of Q1 2021

Data displayed below is for insuring bank: First Mutual Bank (WV)
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Health Grade Components

Overall
FDIC Certificate #29488
Year Established1935
Employees399
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD7.8%
Annual Interest Income$14.9MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$2.16B$2.05B
LoansQ1 2021vs Q1 2020$1.62B$1.68B
DepositsQ1 2021vs Q1 2020$1.70B$1.47B
Equity CapitalQ1 2021vs Q1 2020$218.7MM$211.3MM
Loan Loss AllowanceQ1 2021vs Q1 2020$17.3MM$8.5MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$2.9MM$3.9MM
Real Estate OwnedQ1 2021vs Q1 2020$536.00K$0
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
0.20%*$25k*-Statement Savings Account
OTHER TIERS: 0.05% Up to $15k | 0.15% $15k - $25k
0.20%*$5k*-Health Savings Account
OTHER TIERS: 0.10% Up to $2.5k | 0.15% $2.5k - $5k
0.20%*$5k*-Business Health Savings Account
OTHER TIERS: 0.10% $50 - $2.5k | 0.15% $2.5k - $5k

First Federal Lakewood Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$100k*-Select Money Market Account
OTHER TIERS: 0.05% Up to $25k | 0.20% $25k - $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
0.50%$500-5 Year CD
0.50%$500-Business 5 Year CD
0.45%$500-4 Year CD
0.45%$500-Business 4 Year CD
0.40%$500-3 Year CD
0.40%$500-Business 3 Year CD
0.35%$500-2 Year CD
0.35%$500-Business 2 Year CD
0.30%$500-1 Year CD
0.30%$500-18 Month CD
0.30%$500-Business 1 Year CD
0.30%$500-Business 18 Month CD
0.25%$500-27 Month Jump Rate CD
0.25%$500-Business 27 Month Jump Rate CD
0.20%$250-6 Month Direct Save CD
0.20%$500-9 Month CD
0.20%$500-Business 9 Month CD
0.15%$500-6 Month CD
0.15%$100k-270 Day Jumbo Renewal CD
0.15%$100k-365 Day Jumbo Renewal CD
0.15%$100k-270 Day Jumbo CD
0.15%$100k-365 Day Jumbo CD
0.15%$500-Business 6 Month CD
0.15%$100k-Business 270 Day Jumbo CD
0.15%$100k-Business 270 Day Jumbo Renewal CD
0.15%$100k-Business 365 Day Jumbo CD
0.15%$100k-Business 365 Day Jumbo Renewal CD
0.10%$500-3 Month CD
0.10%$100k-180 Day Jumbo Renewal CD
0.10%$100k-180 Day Jumbo CD
0.10%$500-Business 3 Month CD
0.10%$100k-Business 180 Day Jumbo CD
0.10%$100k-Business 180 Day Jumbo Renewal CD
0.05%$100k-30 Day Jumbo Renewal CD
0.05%$100k-60 Day Jumbo Renewal CD
0.05%$100k-90 Day Jumbo Renewal CD
0.05%$100k-30 Day Jumbo CD
0.05%$100k-60 Day Jumbo CD
0.05%$100k-90 Day Jumbo CD
0.05%$100k-Business 30 Day Jumbo CD
0.05%$100k-Business 30 Day Jumbo Renewal CD
0.05%$100k-Business 60 Day Jumbo CD
0.05%$100k-Business 60 Day Jumbo Renewal CD
0.05%$100k-Business 90 Day Jumbo CD
0.05%$100k-Business 90 Day Jumbo Renewal CD
Locations

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