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Third Federal Savings and Loan


Overview / Commentary
www.thirdfederal.com
216-429-5228
7007 Broadway Avenue
Cleveland, OH 44105

Third Federal Savings and Loan is headquartered in CLEVELAND and is the 7th largest bank in the state of Ohio. It is also the 114th largest bank in the nation. It was established in 1938 and as of March of 2023, it had grown to 1,017 employees at 37 locations. Third Federal Savings and Loan's savings rates are 8X the national average, and it has an A health rating.

Related Posts

Third Federal Savings And Loan Joins 3.00% APY Nationwide Club With 59-Month CD/IRA Special - 6/20/2022

Third Federal Savings and Loan has upped many of its CD/IRA Special rates. The Special rates for regular CD's are not particularly competitive except for the 59-Month CD Special at 3.00% APY. However, these same rates are available in IRAs and, here, they are very competitive in a couple of cases. This is because many of the regular CD rate leaders do not offer IRA's. Specifically, the Third Federal 59-Month IRA Special at 3.00% joins the First National Bank of America 60-Month IRA at the same APY as co-leaders nationally. In addition, the 49-Month IRA Special at 2.75% APY is second nationally (behind Interior FCU). Here is a summary of some of the key terms and rates for the Special CD's/IRA's. Regular CD's and IRA's have the same rates. 59-Month CD/IRA Special 3.00% APY 49-Month CD/IRA Special 2.75% APY 39-Month CD/IRA Special 2.50% APY 29-Month CD/IRA Special 2.00% APY 19-Month CD/IRA Special 1.00% APY Details on Regular CD's here https://www.thirdfederal.com/saving/certificate

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Reviews (11)

4.3% Online Savings

Posted by: |

https://www.thirdfederal.com/saving/online-plus?refer=phone89

2

Customer Service Is Top Notch!

Posted by: |

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.

6

May Want To Consider Other Options

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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.

10

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”.

1
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Health
A

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #30012
Year Established1938
Employees1017
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.61%
Annual Interest Income$147.9MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$16.25B$14.57B
LoansQ1 2023vs Q1 2022$14.57B$13.14B
DepositsQ1 2023vs Q1 2022$9.13B$9.14B
Equity CapitalQ1 2023vs Q1 2022$1.59B$1.53B
Loan Loss AllowanceQ1 2023vs Q1 2022$74.1MM$64.3MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$32.7MM$40.2MM
Real Estate OwnedQ1 2023vs Q1 2022$1.2MM$131.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Third Federal Savings and Loan; 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 Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.30%†$5k-Online Saving Plus Account
1.00%*†$100k*-High-Yield Savings
OTHER TIERS: 0.05% → $10 - $25k | 0.10% → $25k - $100k

Third Federal Savings and Loan Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*†$100k*-Money Market Savings
OTHER TIERS: 0.05% → $5k - $25k | 0.10% → $25k - $100k

Third Federal Savings and Loan Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%†$10-High Yield Checking

Third Federal Savings and Loan CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%†$500-39 Month CD Special
4.00%†$500-49 Month CD Special
4.00%†$500-59 Month CD Special
3.80%†$500-29 Month CD Special
3.70%†$500-19 Month CD Special
3.65%$500-10 Month CD Special
3.50%†$500-3 Month CD
3.50%†$500-3 Year Bonus CD
3.50%†$500-5 Year Bonus CD
3.50%$500-3 Month CD Special
1.50%†$500-12 Month CD
1.50%†$500-24 Month CD
1.50%†$500-60 Month CD
1.50%†$500-18 Month CD
1.50%†$500-30 Month CD
1.50%†$500-36 Month CD
1.50%†$500-48 Month CD
1.50%†$500-72 Month CD
0.50%†$500-6 Month CD

Third Federal Savings and Loan IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%†$100-49 Month IRA Special
4.00%†$100-39 Month IRA Special
4.00%†$100-59 Month IRA Special
3.80%†$100-29 Month IRA Special
3.70%†$100-19 Month IRA Special
1.50%†$100-12 Month IRA
1.50%†$100-18 Month IRA
1.50%†$100-24 Month IRA
1.50%†$100-30 Month IRA
1.50%†$100-72 Month IRA
1.50%†$100-36 Month IRA
Locations

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