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*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.
⭐Perfect for a wealth-building strategy
Earn a higher interest rate on your balance to make your money work harder for you.
Savings accounts can do more than store money for special purchases — they’re part of a wealth-building strategy. The Select Money Market account is a step in that direction. When you’re able to save at least $10,000, this may be your best choice.
Unlike a basic savings account, a money market account offers the best of both worlds: higher interest rates and easy access to your money. You earn a more competitive interest rate compared to a regular savings account, meaning your savings works harder for you.
Whether you’re saving for a dream vacation, a down payment on a home, or simply building a rainy-day fund, a Select Money Market account is a trusted tool in building a more financially secure future.
As of 12/14/2025
| Balance | Annual Percentage Yield (APY)* | Interest Rate |
|---|---|---|
| under $25,000 | 0.05% | 0.05% |
| $25,000 to $99,999 | 0.20% | 0.20% |
| $100,000 or more | 0.40% | 0.40% |
*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.
⭐The fastest growth option for higher balances
If you’re able to maintain a larger balance, you can qualify to earn our highest interest rate!
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.
As of 12/14/2025
| Annual Percentage Yield (APY)* | Interest Rate |
|---|---|
| 0.00% | 0.00% |
⭐Save for future medical expenses
Did you know you can choose First Federal Lakewood for your Health Savings Account (HSA)? Qualified contributions are generally tax-deductible so you can grow your savings tax-free.
Good News! If you have qualifying high-deductible health insurance coverage, you’re eligible for a HSA. You can open your account with us and enjoy both competitive rates and the mutual bank difference.
Opening a health saving account can be one of the wisest financial decisions you make. The money in the account bears interest, and you can withdraw funds at any time for qualified medical expenses. Plus, qualified contributions are generally tax-deductible. That means you can grow your savings tax-free.
As a mutual bank, we reinvest your funds to support our local communities. It’s banking with a purpose.
Contact us today to learn more about our HSA option.
As of 12/14/2025
| Balance | Annual Percentage Yield (APY)* | Interest Rate |
|---|---|---|
| under $25,000 | 0.25% | 0.25% |
| $25,000 to $49,999 | 0.35% | 0.35% |
| $50,000 or more | 0.50% | 0.50% |
If you’re a current Ohio resident and have plans to buy a home in Ohio, this high interest savings account may be perfect for you!
Achieving your dream of homeownership in Ohio is easier than ever. The Ohio Homebuyer Plus Savings Account helps you earn interest faster with competitive rates so you can get in your home quicker. Funds must be used within five years and toward the downpayment or closing costs of a primary residence in Ohio.
Plus, if you get your mortgage through us, you can receive $100 off closing costs! Connect with our team today at homebuyerplus@ffl.net to learn more about the Ohio Homebuyer Plus Savings Account.
* To be eligible for $100 off closing costs: The borrower must have an active, qualified Ohio Homebuyer Plus Savings Account with First Federal Lakewood, open for at least 30 days and the new home purchase loan on an eligible primary residence must be originated with First Federal Lakewood. The $100 credit will be applied toward the origination fee on the purchase of a primary residence, only one $100 credit per loan is allowed. This offer cannot be combined with other offers and is subject to change without notice. All loans are subject to credit and underwriting approval. Other fees and restrictions may apply. Contact a Mortgage Loan Originator for full details.
| Statement Savings | Select Money Market | Money Market Special** | Health Savings | |
|---|---|---|---|---|
| Minimum Opening Balance | $50 | $10,000 | $25,000 | $50 |
| Monthly Service Charge | $0 with average daily balance of $100; otherwise $1 | $0 with average daily balance of $10,000; otherwise $10 | $0 with average daily balance of $25,000.00; otherwise $15.00 | None |
| Set-up Fee | – | – | – | $10 |
| Interest Bearing | Yes | Yes | Yes | Yes |
| Debit/ATM Card | Yes | Yes | Yes | |
| Online Banking | Yes | Yes | Yes | View Only |
| eStatements | Yes | Yes | Yes | Yes |
| Online Bill Pay | Yes | Yes | – | |
| Mobile Banking | Yes | Yes | Yes | View Only |
| Apply Online | Yes | Yes | Yes | – |
| APY* | Balances under $15,000 – 0.05%; Balances $15,000 – $24,999 – 0.15%; Balances $25,000 or more – 0.20% | Balances under $25,000 – 0.35%; Balances $25,000 – $99,999 – 0.60%; Balances $100,000 – $249,999 – 0.70%; Balances $250,000 or more – 0.80% | Balances $0.01 – $24,999 – 0.35%; Balances $25,000 or more – 4.59% | Balances under $2,500 – 0.10%; Balances $2,500 – $4,999 – 0.15%; Balances $5,000 or more 0.20%. |
| Interest Rate* | Balances under $15,000 – 0.05%; Balances $15,000 – $24,999 – 0.15%; Balances $25,000 or more – 0.20% | Balances under $25,000 – 0.35%; Balances $25,000 – $99,999 – 0.60%; Balances $100,000 – $249,999 – 0.70%; Balances $250,000 or more – 0.80% | Balances $0.01 – $24,999 – 0.35%; Balances $25,000 or more – 4.50% | Balances under $2,500 – 0.10%; Balances $2,500 – $4,999 – 0.15%; Balances $5,000 or more 0.20%. |
| Open Account | Open Account | Open Account | Open Account |
*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.
**Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.
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