First Federal (WA)

Overview / Commentary
105 W 8Th St
Port Angeles, WA 98362

First Federal (WA) is headquartered in Port Angeles and is the 12th largest bank in the state of Washington. It is also the 593rd largest bank in the nation. It was established in 1923 and as of June of 2021, it had grown to 257 employees at 12 locations. First Federal (WA) has an A+ health rating.

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Reviews (1)

The Nordstrom's Of Banks

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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 - YTD0.84%
Return on Equity - YTD8.09%
Annual Interest Income$29.7MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$1.78B$1.47B
LoansQ2 2021vs Q2 2020$1.25B$989.7MM
DepositsQ2 2021vs Q2 2020$1.47B$1.18B
Equity CapitalQ2 2021vs Q2 2020$191.1MM$152.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$14.6MM$12.1MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.7MM$3.4MM
Real Estate OwnedQ2 2021vs Q2 2020$0$62.00K
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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

0.08%*$25k*-Education IRA Savings
OTHER TIERS: 0.03% $25 - $25k
0.08%*$25k*-Roth IRA Savings
OTHER TIERS: 0.03% $25 - $25k
0.08%*$25k*-Traditional IRA Savings
OTHER TIERS: 0.03% $25 - $25k
0.03%$100-Statement Savings
0.03%$25-Holiday Club
0.03%$1-Kids Club Savings

First Federal (WA) Money Market Rates

0.30%*$500k*-Spruce Money Market
OTHER TIERS: 0.10% $10k - $100k | 0.15% $100k - $250k | 0.20% $250k - $500k
0.30%*$500k*-Business Spruce Money Market
OTHER TIERS: 0.10% $10k - $100k | 0.15% $100k - $250k | 0.20% $250k - $500k
0.15%*$100k*-First Rate Money Market
OTHER TIERS: 0.05% $1k - $50k | 0.10% $50k - $100k

First Federal (WA) Checking Account Rates

0.02%*$100k*-Cascade Checking
OTHER TIERS: 0.01% $1k - $100k

First Federal (WA) CD Rates

0.35%$100-5 Year CD
0.35%$100-Business 5 Year CD
0.30%$100-4 Year CD
0.30%$100-Business 4 Year CD
0.25%$100-3 Year CD
0.25%$100-2 Year CD
0.25%$100-Business 2 Year CD
0.25%$100-Business 3 Year CD
0.20%$100-1 Year CD
0.20%$100-Business 1 Year CD
0.10%$100-6 Month CD
0.10%$25-9 Month Variable Rate CD
0.10%$100-Business 6 Month CD
0.05%$100-46 Day CD
0.05%$100-3 Month CD
0.05%$100-Business 46 Day CD
0.05%$100-Business 3 Month CD

First Federal (WA) IRA Rates

0.35%$500-60 Month IRA CD
0.30%$500-48 Month IRA CD
0.25%$500-36 Month IRA CD
0.25%$500-24 Month IRA CD
0.20%$500-12 Month IRA CD


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