First Federal Savings and Loan Association of Lakewood: Savings Accounts, CDs & Rates

Updated: 8/21/2026

Mission: Banksparency aims to make First Federal Savings and Loan Association of Lakewood's deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of First Federal Savings and Loan Association of Lakewood

Our verdict

CD Analysis

First Federal Savings and Loan Association of Lakewood offers CDs paying up to 4.15% APY on its 36 months term, across 10 term lengths.

Tracking 14 active CD products, useful for locking in today's rate before further moves at the Fed.

Best CD use: locking in 4.15% APY for a 36 months term and laddering across multiple maturities.

First Federal Savings and Loan Association of Lakewood also offers DirectSave, a savings account paying 0.20% APY with a $25 minimum deposit.

At 0.20% APY, First Federal Savings and Loan Association of Lakewood pays below the national savings average of 0.38%.

Additional Accounts

Business Savings, a business savings account at 0.20% APY.

Ideal User Profile

Best for: simple saving without extra requirements.

Important Considerations

Business Savings is a business savings account. Available to business customers.

No app ratings available for this bank.

iOS app rating is not available.

Android app rating is not available.

Savings Accounts Overview

Business Savings

Savings

0.20% APY

Tiered Range: 0.10% - 0.20%

Min: $50 Branch Access

Rank #219 of 337 tracked.

DirectSave

Savings

0.20% APY

Min: $25 Branch Access

Rank #220 of 337 tracked.

At least one electronic deposit per month, $25 minimum, is required.

Market Reality Check

This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.

See Top Rates

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationLakewood, OH
Deposit InsuranceFDIC Insured(Cert: 29488)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	0
Min. Balance in Savings Account	0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Aug 19, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Savings Accounts: In-Depth View

Savings Accounts Offered by First Federal Savings and Loan Association of Lakewood

Feature	Business Savings	DirectSave
APY	0.20%Range: 0.10% - 0.20%Verified: 8/21/2026	0.20%Verified: 8/21/2026
APY Trend	N/A	N/A
Min. Deposit	$50	$25
Min. Balance	N/A	N/A
Monthly Fee	N/A	N/A
Direct Deposit	None	None
Checking Bundle	No	No
In-Branch Access	Yes	Yes
Compounding	N/A	N/A
FDIC Insured	Yes	Yes
Eligibility	United States	United States
Important	-	At least one electronic deposit per month, $25 minimum, is required.
Next Steps	-	-

Interactive Tool

Calculate Savings for First Federal Savings and Loan Association of Lakewood

All calculations are based on APY.

Choose savings account

Initial deposit

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$74.70(0.5%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$14,074.70

Effective APY

0.20%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

First Federal Savings and Loan Association of Lakewood Savings Rates Over Time

No historical data available.

Compare with First Federal Savings and Loan Association of Lakewood

Feature	Current View First Federal Savings and Loan Association of Lakewood	Empty Slot
Product		-
APY	0.10% - 0.20%Verified: 8/21/2026	-
APY Trend	N/A	-
Min. Deposit	$50	N/A
Monthly Fee	N/A	-
Direct Deposit	No	-
Checking Bundle	No	-
In-Branch Access	Yes	-
Eligibility	United States	-
Compounding	N/A	-
FDIC or NCUA Insured	Yes	-
Next Steps	-	-

CD Overview

4.15% Highest APY

Across 14 CD products with terms: 6 months, 9 months, 24 months, 36 months, 48 months, 60 months, 18 months, 12 months, 13 months, 3 months

CD Products Offered by First Federal Savings and Loan Association of Lakewood

Feature	3-Month CD 3 months	3-Month CD Special 3 months	6-Month CD 6 months	6-Month CD Special 6 months	9-Month CD 9 months	12-Month CD 12 months	13-Month CD Special 13 months	18-Month CD 18 months	24-Month CD Special 24 months	24-Month CD 24 months	36-Month CD 36 months	36-Month CD Special 36 months	48-Month CD 48 months	60-Month CD 60 months
APY	0.10%Verified: 8/21/2026	3.60%Verified: 8/21/2026	0.15%Verified: 8/21/2026	3.60%Verified: 8/21/2026	3.60%Verified: 8/21/2026	0.30%Verified: 8/21/2026	3.60%Verified: 8/21/2026	0.30%Verified: 8/21/2026	4.05%Verified: 8/21/2026	0.35%Verified: 8/21/2026	0.40%Verified: 8/21/2026	4.15%Verified: 8/21/2026	3.75%Verified: 8/21/2026	2.32%Verified: 8/21/2026
Term	3 months	3 months	6 months	6 months	9 months	12 months	13 months	18 months	24 months	24 months	36 months	36 months	48 months	60 months
Min. Deposit	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500
Early Withdrawal	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Notes	-	Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.	-	Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.	-	-	Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.	Renewal Term is 18 months for the 18-Month CD.	Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.	-	-	Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.	-	-

First Federal Savings and Loan Association of Lakewood CD Rates Over Time

Not enough rate history to show a chart. We have CD rates for this bank from one day only. The chart shows when we collect more data.

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