First Federal (WA)

Overview / Commentary
105 W 8Th St
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 639th largest bank in the nation. It was established in 1923 and as of June of 2020, it had grown to 207 employees at 12 locations. First Federal (WA)'s money market rates are 25% higher than the national average, and it boasts 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 - YTD0.43%
Return on Equity - YTD4.07%
Annual Interest Income$24.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.47B$1.24B
LoansQ2 2020vs Q2 2019$989.7MM$876.5MM
DepositsQ2 2020vs Q2 2019$1.18B$942.5MM
Equity CapitalQ2 2020vs Q2 2019$152.8MM$144.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$12.1MM$9.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$3.4MM$1.2MM
Real Estate OwnedQ2 2020vs Q2 2019$62.00K$72.00K
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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

0.10%*$25k*-Education IRA Savings
OTHER TIERS: 0.05% $25 - $25k
0.10%*$25k*-Roth IRA Savings
OTHER TIERS: 0.05% $25 - $25k
0.10%*$25k*-Traditional IRA Savings
OTHER TIERS: 0.05% $25 - $25k
0.05%$100-Statement Savings
0.05%$100-Transaction Savings
0.05%$25-Holiday Club
0.05%$1-Kids Club Savings

First Federal (WA) Money Market Rates

0.55%*$500k*-Spruce Money Market
OTHER TIERS: 0.10% $10k - $100k | 0.20% $100k - $250k | 0.35% $250k - $500k
0.55%*$500k*-Business Spruce Money Market
OTHER TIERS: 0.10% $10k - $100k | 0.20% $100k - $250k | 0.35% $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

0.65%*$50k*$100k4 Year CD
OTHER TIERS: 0.55% $100+
0.65%*$50k*$100kBusiness 4 Year CD
OTHER TIERS: 0.55% $100+
0.60%$100-5 Year CD
0.60%$100-Business 5 Year CD
0.50%$100-3 Year CD
0.50%$100-Business 3 Year CD
0.45%$100-2 Year CD
0.45%$100-Business 2 Year CD
0.35%$100-1 Year CD
0.35%$100-Business 1 Year CD
0.15%$25-9 Month Variable Rate CD
0.10%$100-6 Month 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

0.60%$500-60 Month IRA CD
0.55%$500-48 Month IRA CD
0.50%$500-36 Month IRA CD
0.45%$500-24 Month IRA CD
0.35%$500-12 Month IRA CD


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