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First Federal Lakewood

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In order to get started, select an account that works for you.

Simply Free Checking
A free account for everyone! It’s ideal if you’re under 50 and may have less than $1,500 in your account.

The Simply Free Checking Account makes banking easy and accessible to everyone. When we say free, we mean it. You’re not required to maintain a minimum account balance, and you won’t pay a monthly fee. Free checking is ideal if you’re looking for a no-obligation way to open a bank account.
  • Minimum to open: $50
  • Minimum required balance: $0
  • Monthly fee¹: $0
  • Free Online and Mobile Banking²
  • Free debit card
  • Free first box of personalized checks
  • Free monthly eStatements
  • Click to view current rates
Direct Interest Checking
Let’s put your money to work! This interest-earning account is perfect if you use direct deposit or pay your bills with auto pay.

Do you have your paycheck directly deposited into your current checking account? Do you pay any bills through automatic withdrawal? Then our Direct Interest Checking Account is a fit for you. This account gives you everything the Simply Free Checking Account does, plus your money earns interest for banking the way you already do.

If you’re over 50, you’ll want to check out our Advantage 50 Interest Checking option.
  • Minimum to open: $50
  • Minimum required balance: $0
  • Monthly fee¹: $0
  • Free Online and Mobile Banking²
  • Free debit card
  • Free first box of personalized checks
  • Direct deposit or automatic payments required to be eligible for this account
  • Click to view current rates
Preferred Interest Checking
Earn even more interest! This account gives you our highest interest rate.

Are you looking to earn as much interest as possible? Introducing the Preferred Interest Checking Account. This account is ideal if you plan to have at least $1,500 in it at all times. When you do, you’ll earn the highest interest rate we offer on a checking account — all while enjoying the benefits of free checking.

Don’t worry if your balance falls below $1,500. You still earn our competitive interest rate.
  • Minimum required balance: $1,500
  • $7 monthly fee¹ is waived if daily balance is at least $1,500
  • Free Online and Mobile Banking app²
  • Free debit card
  • Free personalized checks for life
  • Free monthly eStatements
  • Click to view current rates
Advantage 50 Interest Checking
Growing older has its perks! If you’re 50 or over, this account may be your best option.

If you’re 50 or older, you’ll want to take a look at our Advantage 50 Interest Checking Account. This account not only lets you earn interest on your balance, but it also gives you free personalized checks for life. You’ll enjoy competitive rates and the added peace of mind that comes with no required minimum balance.
  • Minimum to open: $50
  • Minimum required balance: $0
  • Monthly fee¹: $0
  • Free Online and Mobile Banking²
  • Free debit card
  • Free personalized checks for life
  • Free monthly eStatements
  • Click to view current rates
Money Market Special
Earn our highest rate! This is the account for those larger balances.

Your wealth-building strategy gets its biggest boost in our Money Market Special account. Your money grows at its fastest in this account. When you’re able to save at least $25,000, this may be the account for you.

There’s an added bonus— as a mutual bank, we reinvest your investments directly back into the communities we serve. This means while your money earns you interest, it’s helping your neighbors advance their goals whether it’s buying a home or building a business.

Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.
  • Minimum to open: $25,000
  • Free to set up¹
  • When your average daily balance is at least $25,000, there is no monthly fee
  • When your average daily balance falls below $25,000, there’s a monthly fee of $15
  • Free Online and Mobile Banking app²
  • Free monthly eStatements
  • Click to view current rates
Statement Savings
A savings account for everyone!

Everyone can start saving with the Statement Savings Account. The more you keep in the account, the more your money grows! If you’re just starting out, this may be your ideal account. It keeps things simple and allows you to start saving immediately.

If you’re looking to maintain a balance of at least $10,000, you’ll want to check out our Money Market Accounts.
  • Minimum to open: $50
  • When your average daily balance is at least $100, there is no monthly fee
  • When your average daily balance falls below $100, there’s a monthly fee¹ of $1
  • Access it through Online and Mobile Banking app²
  • Free monthly eStatements
  • Click to view current rates
Long-Term Certificates of Deposit
No matter if you’re looking to invest your money for your child’s college tuition or next summer’s vacation, our longer-term CDs make it easy to earn even more. From 12-month to 60-month CDs, we have the perfect one for your needs. Use the drop down menu to explore our offerings!
12 Month CD - APY 0.300%
Short-Term Certificates of Deposit
A short-term commitment with a big return? Sign us up! Enjoy 3-, 6-, and 9-month CDs that help you reach your goals. Check out our offerings in the drop down menu!
3 Month CD - APY 0.10%