First Federal (WA)

Overview / Commentary
1603 East First Street
Port Angeles, WA 98362

First Federal (WA) is headquartered in Port Angeles and is the 13th largest bank in the state of Washington. It is also the 647th largest bank in the nation. It was established in 1923 and as of June of 2019, it had grown to 196 employees at 12 locations. First Federal (WA)'s CD rates are 44% higher than the national average, and it boasts an A+ health rating.

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Reviews (1)

The Nordstrom's Of Banks

Posted by: Anonymous | Mar 18, 2012

I've been a First Fed customer for 13 years, and am still periodically amazed by how naturally customer service comes to them. They are an old-fashioned conservative bank, so getting a mortgage from them is no cakewalk, but in every other regard, they make life incredibly easy.

My favorite First Fed story: Several years ago, I mistook a 4 in the thousands column of my checkbook register for a 9, and proceeded to record my balance $5,000 higher than it actually was in my checking account. While making a smallish debit-card purchase, my card bounced. First I tracked my balance back and found the error. I called First Fed immediately to tell them I'd be in the next day to move money around. Here's what they said to me: "Oh, there's no rush. We'll just hold off on clearing any checks for the next couple of days til you come in." As a result, there were no fees of any kind attached to my blunder. What bank does this for a garden-variety retail customer?

(I realize this story makes me sound like a serious flake. I'm actually not -- there were a bunch of special circumstances temporarily in play.)


Health Grade Components

FDIC Certificate #28405
Year Established1923
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD6.25%
Annual Interest Income$25.3MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.24B$1.19B
LoansQ2 2019vs Q2 2018$876.5MM$823.0MM
DepositsQ2 2019vs Q2 2018$942.5MM$897.3MM
Equity CapitalQ2 2019vs Q2 2018$144.1MM$142.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$9.7MM$9.3MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.2MM$1.9MM
Real Estate OwnedQ2 2019vs Q2 2018$72.00K$0
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Always verify rates and promotions with the bank or credit union. We are not First Federal (WA); 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 (WA) Savings Account Rates

0.25%*$50k*-Education IRA Savings
OTHER TIERS: 0.15% $25 - $25k | 0.20% $25k - $50k
0.20%*$50k*-Roth IRA Savings
OTHER TIERS: 0.10% $25 - $25k | 0.15% $25k - $50k
0.20%*$50k*-Traditional IRA Savings
OTHER TIERS: 0.10% $25 - $25k | 0.15% $25k - $50k
0.15%$100-Statement Savings
0.15%$100-Transaction Savings
0.15%$25-Holiday Club
0.15%$1-Kids Club Savings

First Federal (WA) Money Market Rates

0.35%*$100k*-First Rate Money Market
OTHER TIERS: 0.15% $1k - $50k | 0.25% $50k - $100k

First Federal (WA) Checking Account Rates

0.08%*$25*$50kCascade Checking
OTHER TIERS: 0.05% $50k+

First Federal (WA) CD Rates

2.10%$100-5 Year CD
2.04%$100-2 Year CD
2.03%$100-3 Year CD
2.00%$100-4 Year CD
2.00%$5k-7 Month Touchdown CD Special - New Money
1.30%$100-1 Year CD
0.55%$100-6 Month CD
0.35%$25-9 Month Variable Rate CD
0.30%$100-3 Month CD
0.10%$100-46 Day CD

First Federal (WA) IRA Rates

2.10%$500-60 Month IRA CD
2.04%$500-24 Month IRA CD
2.03%$500-36 Month IRA CD
2.00%$500-48 Month IRA CD
1.30%$500-12 Month IRA CD


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