Third Federal Savings and Loan Reviews

Average Rating:
Based on 9 review

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Teaser Rate Then Plummets

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depositsaccounts should point out under "View Details" that the 6.0% APY is for the first month only and then is reduced to 4.50% for the remaining 5 months. The average for this 6 month CD then becomes 4.75%. One can obtain a return elsewhere about 3/4 point higher if not 1% higher over an entire YEAR at this point in time.

Stay Away From Third Federal

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Very difficult bank to deal with or get any help from. Opened a line of credit and after years tried for months unsuccessfully to close it so they could charge the annual fee. Customer service is horrible and their products are not competitive. Worse bank I have ever used.

6% 6 Month CD ... FOR 1 MONTH

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6% goes DOWN to 4.50% for next 5 months .... zowie, this is lower than low!!! THEY call this one a BONUS CD ... I call it a rip off!

60 Month CD 5.50% APY

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Beware their 60 month bonus CD for 5.50% apy is a scam. check it out,the first year is 5.50% apy
the next 4 years drop to 3.50% So.. the average for the 60 months is 3.9% apy

My Money Is Being Held Hostage By Third Federal And They Don't Seem To Care At All!!!

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My money is being held hostage by Third Federal and they don't seem to care at all!!!

I have been trying all week to get some of my money out of my savings account with no luck. I know there are limits but I had transferred $0 out of my account in the past 30 days and I couldn't transfer any money (except $3,800) out in spite of the limit being $15,000 per day and $25,000 per month. So I called them on Monda, and Wednesday, and Friday. What a waste of over 2 hours of my time. Twice I was told a manager would call me back and twice they failed to do so.

This is ILLEGAL-it violates their funds availability policy and yet they can't seem to fix it. I offered them a simple solution, overnight me a check at their expense-I can only presume they don't even know how to do that! I truly don't think they even care.

P.S. I am sorry to admit that I am enjoying seeing how much of their time I can waste due to their incompetency. Please forgive me LORD.

Stay Away BAD

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This place is a joke. Opening a HELOC took forever and they were very rude and unprofessional. The rate is just not worth the hassle. Now I’m trying to add a simple savings account and it’s been over 14 days with no action. A real bank opens a basic savings account instantly, not this horrible “bank”.

Wish I Hadn't Gone This Route! BAD Customer Service!

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I started an application with Third Federal in mid April 2021 (after answering all their questions the application was submitted April 21st. They promised up front that the process would take from 45 to 60 days from start to finish.

I submitted everything they asked for the same day they asked. As others have complained, they asked for things I had already submitted - sometimes twice before.

My loan was finally approved mid June and I was sent a letter congratulating me which also said I would be contacted soon to sign documents.

It is now August 2021, well over three months later, and my loan has not closed!

If you are thinking it is just me, poor credit, bad debt, etc., well my FICO score is 850 out of 850. I have never missed a payment ever in the last fifty years. My income is great as well. To top it all off, my home currently is mortgaged with Third Federal with an equity line!

So if you are thinking about using this company, think again. Now on the fourth month of my loan process, I really wish I had gone with another company.

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