First Federal Lakewood

Overview / Commentary
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 451st largest bank in the nation. It was established in 1935 and as of December of 2019, it had grown to 401 employees at 20 locations. First Federal Lakewood has an A health rating.

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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 Grade Components

FDIC Certificate #29488
Year Established1935
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD3.22%
Annual Interest Income$67.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.92B$1.96B
LoansQ4 2019vs Q4 2018$1.64B$1.66B
DepositsQ4 2019vs Q4 2018$1.56B$1.61B
Equity CapitalQ4 2019vs Q4 2018$206.6MM$197.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$6.9MM$7.0MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$3.9MM$4.9MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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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

0.20%*$25k*-Statement Savings Account
OTHER TIERS: 0.05% Up to $15k | 0.15% $15k - $25k

First Federal Lakewood Money Market Rates

0.40%*$100k*-Select Money Market Account
OTHER TIERS: 0.05% Up to $25k | 0.20% $25k - $100k

First Federal Lakewood Checking Account Rates

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

1.10%$500-5 Year CD
1.10%$500-Business 5 Year CD
1.00%$500-3 Year CD
1.00%$500-4 Year CD
1.00%$500-Business 3 Year CD
1.00%$500-Business 4 Year CD
0.70%$500-2 Year CD
0.70%$500-Business 2 Year CD
0.65%$100k-270 Day Jumbo CD
0.65%$100k-Business 270 Day Jumbo CD
0.60%$500-Jump Rate CD
0.60%$500-1 Year CD
0.60%$500-18 Month CD
0.60%$500-Business 1 Year CD
0.60%$500-Business 18 Month CD
0.60%$500-Business Jump Rate CD
0.50%$250-Direct Save CD
0.50%$500-6 Month CD
0.50%$500-9 Month CD
0.50%$500-Business 6 Month CD
0.50%$250-Business Direct Save CD
0.50%$500-Business 9 Month CD
0.45%$100k-365 Day Jumbo CD
0.45%$100k-Business 365 Day Jumbo CD
0.30%$100k-180 Day Jumbo CD
0.30%$100k-Business 180 Day Jumbo CD
0.25%$100k-30 Day Jumbo CD
0.25%$100k-Business 30 Day Jumbo CD
0.20%$100k-60 Day Jumbo CD
0.20%$100k-90 Day Jumbo CD
0.20%$100k-Business 60 Day Jumbo CD
0.20%$100k-Business 90 Day Jumbo CD
0.10%$500-3 Month CD
0.10%$500-Business 3 Month CD


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