Jump to a section:

CD DirectSave

Make investing turnkey thanks to CD DirectSave. Set up automatic deposits from your First Federal Lakewood checking account into a 6-month CD.

  • Minimum deposit: $25
  • Early withdrawal penalties may apply
  • Requires at least one electronic deposit per month, $25 minimum deposit
  • Increase contributions at any time
  • Seamless, simple investing
  • Account matures in 6 months

Use our calculator to see how investing in a CD can grow your money.

As of 2/26/2025

ProductAPYInterest RateMinimum BalanceDisclosures
DirectSave1.51%1.50%$25

Disclosure

Compounded & credited monthly. Must set up ACH transfer of at least $25 per month from a checking account or outside savings account at account opening. Automatic renewal. 7 day grace period. Penalty for early withdrawal.
*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings. 

Long-Term CDs

Invest your money longer and earn even more.

  • Minimum deposit: $500*
  • 1-Year CD
  • 13-Month CD Special⁺
  • 18-Month CD **
  • 2-Year CD
  • 24-Month CD Special⁺
  • 3-Year CD
  • 36-Month CD Special⁺
  • 4-Year CD
  • 48-Month CD Special⁺
  • 5-Year CD

Use our calculator to see how investing in a CD can grow your money.

As of 2/26/2025

ProductAPYInterest RateMinimum BalanceDisclosures
12-Month CD1.15%1.15%$500

Disclosure

18-Month CD1.20%1.20%$500

Disclosure

24-Month CD1.25%1.25%$500

Disclosure

36-Month CD1.35%1.35%$500

Disclosure

48-Month CD1.45%1.45%$500

Disclosure

60-Month CD1.55%1.55%$500

Disclosure

*$1,000.00 Minimum deposit to open. Early withdrawal penalties may apply.
**Renewal Term is 18 months for the 18 Month CD.
***Renewal Term is 24 months for the 27 Month Jump CD

Short-Term CDs

Get competitive rates with a short-term commitment.

  • Minimum deposit: $500*
  • 3-Month CD
  • 3-Month CD Special+
  • 6-Month CD
  • 6-Month CD Special⁺
  • 9- Month CD
  • 9-Month CD Special⁺

Use our calculator to see how investing in a CD can grow your money.

As of 2/26/2025

ProductAPYInterest RateMinimum BalanceDisclosures
3-Month CD0.75%0.75%$500

Disclosure

6-Month CD1.00%1.00%$500

Disclosure

9-Month CD1.00%1.00%$500

Disclosure

Compounded & credited quarterly. Automatic renewal for same term. 7 day grace period for deposits or withdrawals after the maturity date. Penalty for early withdrawal.
*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings. 

Stay in Control with Online Banking

New and improved, online banking is a streamlined, secure and flexible way to make managing your money easier in ways you never knew you needed.

Let’s Help Your Money Grow

Invest the mutual way

You’re not alone.

Saving can feel overwhelming, but we’re here to help you! You can always schedule an appointment to meet with a banker.

Helping You Invest Wisely

Gain access to articles, videos and tools, day or night.

Now That You’ve Graduated: Repaying Your Student Loans

You’ve graduated from college. For many graduates, now becomes the time you’ll have to pay for that high-level education. All those student loans you took out while studying economics, philosophy,…

Retirement Income Estimator

What monthly income will your retirement savings provide? The number of years you’ll need it to last, the expected rate of return on your outstanding savings balance and the rate…

How to Quickly Pay Off Your Student Loans

Making monthly student loan payments is about as much fun as going to the dentist. According to EducationData.org, 64 percent of today’s college students went into debt after graduating with…

Relocating for Retirement

Many people save and plan all their lives with the full intention of relocating for retirement. While many have somewhere warm and tropical in mind, plenty of retirees are considering…

Gig Worker Retirement Strategies

Over the past several years, there has been a significant rise in gig workers and the number of affiliated companies that utilize them. According to MBO Partners, there are 64.6…

Saving for Your College of Choice

It has become a big worry for most parents: How can they save enough money to help pay for their children’s college education? Students today can take advantage of many…

Misconceptions Surrounding Financial Aid

For the many people who would not otherwise be able to afford college, financial aid makes the dream of a continued education possible . Unfortunately, some myths exist around financial…