What are the current interest rates at First Federal S&L of Lakewood?

Current rates for First Federal S&L of Lakewood include: Savings: 6.17%

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First Federal S&L of Lakewood

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First Federal S&L of Lakewood Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, First Federal S&L of Lakewood provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: March 29, 2026

First Federal S&L of Lakewood's savings rates are at 6.17%. MonitorBankRates evaluates the financial stability of First Federal S&L of Lakewood with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.73%. Rates were last updated on 03/29/2026.

First Federal S&L of Lakewood money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at First Federal S&L of Lakewood? Share your experience about First Federal S&L of Lakewood by leaving a review below, or read customer reviews before you decide to use First Federal S&L of Lakewood.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

2.73%

Excellent Lower than avg

First Federal S&L of Lakewood

14806 Detroit Ave
Lakewood, OH 44107

https://www.ffl.net

First Federal S&L of Lakewood Savings Rates

Product	Rate	APY	View More
Ohio Homebuyer Plus Savings Account	-	6.17%
No additional details. Last Updated 03/29/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.73%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for First Federal S&L of Lakewood is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather First Federal S&L of Lakewood rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with First Federal S&L of Lakewood's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name First Federal S&L of Lakewood

Bank Holding Company FIRST MUTUAL HOLDING CO

Address 14806 Detroit Ave, Lakewood, OH 44107 · Cuyahoga

Website https://www.ffl.net

FDIC Certificate # 29488

Established 07/19/1935

FDIC Insurance Date 08/09/1989

Domestic Offices 20

Total Branches 20

Regulator OCC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 99/100

5.0

Exceptional Out of 5.0 Stars

2.73%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.3414%

Return on Equity (ROE) 4.1600%

Non-Performing Loans (NPL) 0.20%

Total Assets $2,909,587,000

Total Deposits $2,176,159,000

Equity Capital $224,057,000

Net Income $3,297,000

Headquarters Lakewood

Total Offices 20

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

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Frequently Asked Questions About First Federal S&L of Lakewood

Is First Federal S&L of Lakewood a safe place to deposit money?

Yes, First Federal S&L of Lakewood is considered a safe financial institution. With a Texas Ratio of 2.7312819946231%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does First Federal S&L of Lakewood operate?

First Federal S&L of Lakewood currently maintains approximately 20 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, First Federal S&L of Lakewood does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, First Federal S&L of Lakewood provides members with tools to manage their accounts and build a solid financial history.

Does First Federal S&L of Lakewood offer online and mobile banking?

Most modern institutions like First Federal S&L of Lakewood provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.ffl.net.