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First Federal Lakewood

Deposits held and insured by First Mutual Bank (WV)

Overview / Commentary
www.ffl.net
216-529-2682
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.

5

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 Q1 2023

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
Employees413
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD4.59%
Annual Interest Income$23.1MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$2.59B$2.23B
LoansQ1 2023vs Q1 2022$2.14B$1.76B
DepositsQ1 2023vs Q1 2022$1.89B$1.80B
Equity CapitalQ1 2023vs Q1 2022$216.2MM$216.5MM
Loan Loss AllowanceQ1 2023vs Q1 2022$19.1MM$16.2MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$3.0MM$4.2MM
Real Estate OwnedQ1 2023vs Q1 2022$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
0.20%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.59%*$25k*-Money Market Promo - New Money
OTHER TIERS: 0.35% → Up to $25k
4.42%*$50k*-Relationship Money Market Account - New Money
OTHER TIERS: 2.31% → 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%$500-9 Month CD Special - New Money
5.25%$500-Business 9 Month CD Special - New Money
5.25%$500-6 Month CD Special - New Money
5.25%$500-Business 6 Month CD Special - New Money
4.84%$500-13 Month CD Special - New Money
4.84%$500-Business 13 Month CD Special - New Money
4.47%$500-48 Month CD Special - New Money
4.47%$500-Business 48 Month CD Special - New Money
4.37%$500-36 Month CD Special - New Money
4.37%$500-Business 36 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%$500-3 Month CD Special - New Money
3.55%$500-Business 3 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
0.20%$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%$500-Business 6 Month CD
0.10%$500-3 Month CD
0.10%$500-Business 3 Month 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.