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 6/12/2026

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 6/12/2026

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 6/12/2026

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.

Explaining Payroll Deduction IRAs

American workers who have retirement plans through their employers should take advantage of them. Without a solid retirement plan, security in retirement is uncertain. According to the U.S. Bureau of…

How are Social Security Benefits Calculated?

You are nearing retirement age and wonder how much money you can expect from the federal government in Social Security benefits each month after leaving the workforce. The short answer?…

401(k) Calculator

A 401(k) account available through your employer is one of the best methods for building retirement savings. There are two key advantages. First, any contributions made to your 401(k) now…

Don’t Miss Out on Senior Discounts

Many businesses understand the buying power that consumers over the age of 50 represent and have made discounts available to encourage them to buy their products and services. This is…

Student Loan Forgiveness

Student loan debt can feel crippling, especially if you are a recent graduate who is not yet earning much money. Your loan payments could hold you back from being able…

Restructuring Your Budget for Retirement

If you are like many people, you have been planning and building a nest egg for decades for the moment when you finally reach retirement age. However, have you also…

Supplemental Healthcare Coverage in Retirement

The Balance, a personal finance website publisher, recently reported on the alarming rate of medical bankruptcy in the U.S., stating that 643,000 Americans face bankruptcy each year as a result…