Third Federal Savings and Loan (OH)


Overview / Commentary
216-429-5228
7007 Broadway Avenue
Cleveland, OH 44105

Third Federal Savings and Loan (OH) is headquartered in Cleveland and is the 7th largest bank in the state of Ohio. It is also the 111th largest bank in the nation. It was established in 1938 and as of June of 2019, it had grown to 1,050 employees at 37 locations. Third Federal Savings and Loan (OH)'s savings rates are 63% higher than the national average, and it has an A health rating.

Related Posts

Third Federal Savings & Loan Ups 59-Month CD Special - 10/20/2018

Third Federal Savings & Loan has raised the rate on its nationally available 59-month CD Special to 3.50% APY. Minimum deposit is $500, with no stated balance cap.

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Reviews (7)

Great Rates & Outstanding Service

Posted by: waynet099 | Jan 3, 2019

After evaluating several options, I selected Third Federal for a home mortgage and CDs. The bank has very competitive interest rates and fees. The company has very knowledgeable and friendly employees that are genuinely looking out for your best interests as they want to maintain you as a lifelong customer.

Competitive Prices, Great Customer Service

Posted by: BevA | Jan 3, 2019

We have banked at Third Federal for more than 40 years. When we bought our first house we got our mortgage through them and have used them for savings accounts, CD's and other mortgages. The customer service is great, everyone is friendly, very knowledgeable and make it easy to understand.

Easy, Simple

Posted by: bwni | Dec 26, 2018

This is a great bank. They only have a couple of accounts that are simple to understand, no fees, no minimums. Very happy.

Customer Service Is Top Notch!

I love banking at this bank for many reasons. I love the attention the CSRs provide to every customer. On every visit it is like visiting with family. They are warm and welcoming and make you feel like they care about you and your family. There is ample parking so I am in and out very easily whenever I go there. If something looks suspicious on your account they alert you right away. Their rates are competitive and you are almost always guaranteed a loan at a decent rate. I have banked with this bank for many years and would not think about leaving because I am treated with dignity and respect by all employees and not just a number and I like that! This bank also supports humanity efforts and the community which is awesome.

Great Bank!

Posted by: wacotx46 | Aug 6, 2012

Nice, friendly staff; very helpful!  Have checking, savings, and home mortgage with them. Competitive rates.  Few locations, however, they have no-fee ATM use at Fifth Third Banks which are everwhere.

 

May Want To Consider Other Options

Posted by: msw | Jul 6, 2018

I signed up for a CD online and got a call that their trial deposit system was not working right, so I couldn't ACH funds and I would need to mail a check or go inside a branch. What kind of bank can't figure out why their computers aren't working right? Seemed sketchy to me so I decided not to do business with them.

Horrid Customer Service

This bank continually denied access to an account after I presented with a Power of Attorney document as well as court documents providing me complete access to the information I needed. Not only did they deny my access to account balances but they also refunded large sums of money that did not belong to the account holder. They would provide me no information or paperwork despite all the necessary paperwork presented. This even went to the corporate office where they ignored court documents and did as they pleased. I would never consider doing business with them again.



Health

Health Grade Components

Overall
FDIC Certificate #30012
Year Established1938
Employees1050
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD5.08%
Annual Interest Income$240.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$14.34B$13.90B
LoansQ2 2019vs Q2 2018$13.03B$12.67B
DepositsQ2 2019vs Q2 2018$8.79B$8.50B
Equity CapitalQ2 2019vs Q2 2018$1.46B$1.52B
Loan Loss AllowanceQ2 2019vs Q2 2018$39.3MM$43.0MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$73.8MM$71.3MM
Real Estate OwnedQ2 2019vs Q2 2018$2.1MM$3.2MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Third Federal Savings and Loan (OH); 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Third Federal Savings and Loan (OH) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$100k*-High-Yield Savings
OTHER TIERS: 0.15% $10 - $25k | 0.35% $25k - $100k

Third Federal Savings and Loan (OH) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$25k*-High-Yield Checking
OTHER TIERS: 0.10% $10 - $5k | 0.15% $5k - $25k

Third Federal Savings and Loan (OH) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-72 Month CD
2.20%$500-60 Month CD
2.15%$500-37 Month CD Special
2.05%$500-30 Day Rolling CD
2.00%$500-6 Month CD
1.75%$500-48 Month CD
1.25%$500-12 Month CD
1.25%$500-36 Month CD
1.00%$500-24 Month CD
1.00%$500-18 Month CD
1.00%$500-30 Month CD

Third Federal Savings and Loan (OH) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$100-72 Month IRA
2.15%$100-37 Month IRA Special
2.10%$100-18 Month IRA
1.75%$100-48 Month IRA
1.25%$100-12 Month IRA
1.00%$100-24 Month IRA
1.00%$100-30 Month IRA
Locations

Availability



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