First Federal Lakewood

Deposits held and insured by First Mutual Bank (WV)

Eligibility Requirements | Locations (22) | Receive alerts for this bank

Based on 2 reviews

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CURRENT TOP RATE

Overview / Commentary

216-529-2700

14806 Detroit Ave
Lakewood, OH 44107

Deposits held and insured by First Mutual Bank (WV)

Related Posts

View all posts from:

2019
2018
2017

3/9 - First Federal Lakewood (OH) Has Money Market Promo Rate, 2.68% APY
3/4 - 2.68% APY MMA

10/15 - First Federal Lakewood (OH) Adds Select Money Market
2/16 - 2-Year CD, 2.22% APY

5/4 - First Federal Lakewood (OH) Money Market 1 Year Guarantee
4/28 - Money Market Promo In Ohio - 1.28% For First 12 Months

Reviews (2)

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Great Money Market Rates Off And On

Posted by: aremesbo | Jan 21, 2019

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.

Comment

5

Very low limit on daily ATM transactions

Posted by: SincereKeeper | Nov 6, 2017

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.

Comment

3

Health

A

Data as of Q2 2021

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

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	29488
Year Established	1935
Employees	403
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.62%
Return on Equity - YTD	6.12%
Annual Interest Income	$29.7MM

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$2.18B$2.15B
Loans	Q2 2021vs Q2 2020	$1.67B$1.77B
Deposits	Q2 2021vs Q2 2020	$1.71B$1.62B
Equity Capital	Q2 2021vs Q2 2020	$222.0MM$218.3MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$16.3MM$9.1MM
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$2.5MM$3.7MM
Real Estate Owned	Q2 2021vs Q2 2020	$394.00K$0

Rates

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Money Market
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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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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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