First Federal Lakewood
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.42% | 5-year CD | 5 Year CD Special 3.00% - Ally Bank High Yield 5 Year CD |
| 0.45% | 1-year CD | 365 Day Jumbo CD 2.45% - Synchrony Bank 12 Month CD |
| 0.25% | Savings | Passbook Savings Account |
First Federal Lakewood is headquartered in Lakewood and is the 16th largest bank in the state of Ohio. It is also the 447th largest bank in the nation. It was established in 1935 and as of March of 2018, it had grown to 390 employees at 18 locations. First Federal Lakewood's CD rates are 78% higher than the national average, and it has an A health rating.
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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 Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29488 |
| Year Established | 1935 |
| Employees | 390 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 2.92% |
| Annual Interest Income | $15.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $1.82B$1.61B |
| Loans | Q1 2018vs Q1 2017 | $1.52B$1.32B |
| Deposits | Q1 2018vs Q1 2017 | $1.42B$1.29B |
| Equity Capital | Q1 2018vs Q1 2017 | $184.9MM$172.3MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $6.9MM$8.9MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $4.8MM$6.1MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $36.00K$100.00K |
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 | |
|---|---|---|---|---|---|
| 0.25%* | $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $1.5k* | - | 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.42% | $500 | - | 5 Year CD Special | |
| 2.27% | $500 | - | 4 Year CD Special | |
| 2.22% | $500 | - | 2 Year CD Special | |
| 2.12% | $500 | - | Jump Rate CD | |
| 1.96% | $500 | - | 3 Year CD Special | |
| 1.65% | $500 | - | 18 Month CD Special | |
| 1.60% | $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 |
