Certificates of Deposit

Ready to invest? Certificates of Deposit (CDs) are a stable, uncomplicated way to build wealth that make investing easy, flexible and secure.

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Short-Term CDs

Get competitive rates with a short-term commitment.

  • Minimum deposit¹: $500
  • 3-Month CD
  • 3-Month CD Special³
  • 6-Month CD
  • 6-Month CD Special³
  • 9- Month CD
  • 9-Month CD Special³

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

As of 10/30/2025

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. 

 

 

Long-Term CDs

Invest your money longer and earn even more.

  • Minimum deposit¹: $500
  • 12-Month CD
  • 13-Month CD Special³
  • 18-Month CD²
  • 24-Month CD
  • 24-Month CD Special³
  • 36-Month CD
  • 36-Month CD Special³
  • 48-Month CD
  • 48-Month CD Special³
  • 60-Month CD

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

As of 10/30/2025

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

DirectSave CD

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

DirectSave CD automates savings with electronic monthly contributions to your account for an incredibly easy savings plan.

You get a competitive interest rate, a practical 6-month term, convenient monthly statements, and automatic renewal when the account matures. And it only takes a $25 balance to get started.

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

As of 10/30/2025

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. 

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Disclosures

¹$500 Minimum deposit to open. Early withdrawal penalties may apply
²Renewal Term is 18 months for the 18-Month CD
³Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank

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