First Federal Lakewood
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.42% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 0.45% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.25% | Savings | 0.26% - National Average |
First Federal Lakewood is headquartered in Lakewood and is the 16th largest bank in the state of Ohio. It is also the 432nd largest bank in the nation. It was established in 1935 and as of December of 2018, it had grown to 423 employees at 18 locations. First Federal Lakewood's CD rates are 78% higher than the national average, and it has an A health rating.
Related Posts
Great Money Market Rates Off And On
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 Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29488 |
| Year Established | 1935 |
| Employees | 423 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 2.19% |
| Annual Interest Income | $64.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.96B$1.78B |
| Loans | Q4 2018vs Q4 2017 | $1.66B$1.48B |
| Deposits | Q4 2018vs Q4 2017 | $1.61B$1.41B |
| Equity Capital | Q4 2018vs Q4 2017 | $197.1MM$177.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $7.0MM$6.7MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $4.9MM$5.4MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$459.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
2.68% APY MMA
Receive 2.68% APY for the first 12 months on a new personal or business Money Market Account.
*The promotional Annual Percentage Yield (APY=2.68%) is accurate as of 02/19/19. Minimum balance to open is $25,000. Deposit limited to $1,000,000 per household. A minimum average daily balance of $25,000 is required to earn the promotional APY and avoid a $15 monthly service fee. The promotional APY is locked for 365 days. After 365 days, the variable interest rate is subject to change and will be determined by the interest rate being offered on the Select Money Market Account. The Select Money Market account tiered APY in effect as of 02/19/19 are as follows: .01- $9,999.99 the APY is 0.05%; $10,000-$24,999.99 the APY is 0.15%; $25,000-$49,999.99 the APY is 0.25%; $50,000-$99,999.99 the APY is 0.35%; $100,000 or more the APY is 0.45%. If the account is closed before the 365 days, a $50 fee may be assessed. No more than a total of 6 preauthorized, telephone, ACH, check, POS or Internet transactions may be made from this account per month. Fees could reduce earnings on this account. The promotional APY is valid only for new money not currently on deposit with First Federal Lakewood. Other restrictions may apply. Promotional offer subject to change without notice. Contact a branch representative for full details
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% → $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 |
|---|---|---|---|---|
| 2.42% | $500 | - | 5 Year CD | |
| 2.27% | $500 | - | 4 Year CD | |
| 2.22% | $500 | - | 2 Year CD | |
| 2.12% | $500 | - | Jump Rate CD | |
| 1.96% | $500 | - | 3 Year CD | |
| 1.65% | $500 | - | 18 Month CD | |
| 1.60% | $500 | - | 1 Year CD | |
| 0.65% | $100k | - | 270 Day Jumbo Renewal CD | |
| 0.65% | $100k | - | 270 Day Jumbo CD | |
| 0.50% | $250 | - | 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 |
