Third Federal Savings and Loan
Third Federal Savings and Loan is headquartered in CLEVELAND and is the 7th largest bank in the state of Ohio. It is also the 110th largest bank in the nation. It was established in 1938 and as of March of 2025, it had grown to 938 employees at 37 locations. Third Federal Savings and Loan has an A health rating.
4.3% Online Savings
https://www.thirdfederal.com/saving/online-plus?refer=phone89
Won't ACH Transfer
While they will accept your money in a CD from and ACH transfer to close a CD they will only send a check in the snail mail, so you lose many days interest in the process.
Long Term Bonus Cds 3 Year Bonus Term Month 1-3 (6.50% APY) Month 4-36 (4.50% APY)
Long Term Bonus CDs 3 Year Bonus
Term Month 1-3 (6.50% APY) Month 4-36 (4.50% APY)
Teaser Rate Then Plummets
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.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30012 |
| Year Established | 1938 |
| Employees | 938 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 4.75% |
| Annual Interest Income | $186.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $17.1B$17B |
| Loans | Q1 2025vs Q1 2024 | $15.37B$15.16B |
| Deposits | Q1 2025vs Q1 2024 | $10.51B$10.05B |
| Equity Capital | Q1 2025vs Q1 2024 | $1.72B$1.71B |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $70.5MM$68.2MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $37MM$35.3MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$230K |
