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First Federal Lakewood

Deposits held and insured by First Mutual Bank (WV)

Overview / Commentary
www.ffl.net
216-529-2700
14806 Detroit Ave
Lakewood, OH 44107
Deposits held and insured by First Mutual Bank (WV)

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Reviews (2)

Great Money Market Rates Off And On

Posted by: |

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.

4

Very low limit on daily ATM transactions

Posted by: |

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.

3


Health
A

Data as of Q3 2020

Data displayed below is for insuring bank: First Mutual Bank (WV)
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #29488
Year Established1935
Employees389
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD10.85%
Annual Interest Income$47.0MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$2.13B$1.92B
LoansQ3 2020vs Q3 2019$1.73B$1.65B
DepositsQ3 2020vs Q3 2019$1.62B$1.62B
Equity CapitalQ3 2020vs Q3 2019$221.2MM$204.7MM
Loan Loss AllowanceQ3 2020vs Q3 2019$9.8MM$7.0MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$4.0MM$3.9MM
Real Estate OwnedQ3 2020vs Q3 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Health Savings Account
0.10%$50-Business Health Savings Account
0.05%--Statement Savings Account

First Federal Lakewood Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Select Money Market Account

First Federal Lakewood Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.