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.


Data as of Q2 2022

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

FDIC Certificate #29488
Year Established1935
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD5.72%
Annual Interest Income$33.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.36B$2.18B
LoansQ2 2022vs Q2 2021$1.91B$1.67B
DepositsQ2 2022vs Q2 2021$1.78B$1.71B
Equity CapitalQ2 2022vs Q2 2021$210.0MM$222.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$17.3MM$16.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$3.7MM$2.5MM
Real Estate OwnedQ2 2022vs Q2 2021$0$394.00K
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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

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

4.16%*$50k*-Relationship Money Market Account - New Money
OTHER TIERS: 2.19% Up to $50k
0.80%*$250k*-Select Money Market Account
OTHER TIERS: 0.35% Up to $25k | 0.60% $25k - $100k | 0.70% $100k - $250k

First Federal Lakewood Checking Account Rates

0.10%*$1.5k*-Preferred Interest Checking Account
OTHER TIERS: 0.05% Up to $1.5k
0.05%--Direct Interest Checking Account
0.05%--Advantage50 Checking Account

First Federal Lakewood CD Rates

4.32%$500-48 Month CD Special - New Money
4.32%$500-Business 48 Month CD Special - New Money
4.06%$500-36 Month CD Special - New Money
4.06%$500-Business 36 Month CD Special - New Money
3.81%$500-13 Month CD Special - New Money
3.81%$500-Business 13 Month CD Special - New Money
3.81%$500-24 Month CD Special - New Money
3.81%$500-Business 24 Month CD Special - New Money
3.55%$500-9 Month CD Special - New Money
3.55%$500-Business 9 Month CD Special - New Money
3.55%$500-3 Month CD Special - New Money
3.55%$500-6 Month CD Special - New Money
3.55%$500-Business 3 Month CD Special - New Money
3.55%$500-Business 6 Month CD Special - New Money
2.32%$500-5 Year CD
2.32%$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 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 365 Day Jumbo CD
0.10%$500-3 Month CD
0.10%$100k-180 Day Jumbo CD
0.10%$500-Business 3 Month CD
0.10%$100k-Business 180 Day Jumbo 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 60 Day Jumbo CD
0.05%$100k-Business 90 Day Jumbo CD


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