Available for Ohio residents, First Federal Lakewood is offering 2.68% APY when you open a Money Market Account. You can earn one of the most competitive rates and still be able to get your hands on your money when you need it.
This promotional APY is guaranteed for 12 months. After 12 months, the variable interest rate is subject to change and will be determined by the interest rate being offered on the Select Money Market Account. Notice that the promotional APY is valid only for new money not currently on deposit with First Federal Lakewood. Additionally, there is a minimum opening deposit of $25,000 as well as a cap on deposits limited to $1,000,000 per household.
In addition to your rate, you will have access to a range of account features to better your banking experience! Additionally, be sure to see our Bank Bonuses from HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.
Table of Contents
First Federal Lakewood Account Info
- Direct Link to Offer
- Account Type: Money Market
- Interest Rate: 2.68% APY
- Minimum Balance: $25,000
- Maximum Balance: $1,000,000
- Availability: OH (Bank Locator)
- Expiration Date: None Listed
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $25,000
- Credit Card Funding: Unknown. Let us know.
- Direct Deposit Requirement: None
- Monthly Fee: $15, See below how to get it waived
- Additional Requirements: See Below
- Early Termination Fee: $50 if closed within 12-months
ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn 2.68% APY Rate
- Open a Money Market Account from First Federal Lakewood with an opening deposit of $25,000.
- Maintain a minimum average monthly balance of $25,000 to earn rates.
- New money is required for this account.
|Balance Requirement||APY Rate|
|$25,000 to $1,000,000||2.68% APY|
How to Avoid Monthly Fees
Money Market Account: There are no monthly fees if you maintain a minimum account balance of $25,000!
Check out the current promotion from First Federal Lakewood if you are interested in taking advantage of an industry leading rate! In addition, you will have access to a range of features to better your experience! Take advantage of the services they have to offer along with these savings. It takes just minutes online, so open an account today!
Let us know about your experience with this bank and comment below. Additionally, you can view our entire list of Best Bank Rate for other great options!
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Discover Bank Online Savings||$200 Bonus + 0.40% APY||Review|
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|