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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 12/13/2025

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 12/13/2025

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 12/13/2025

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. 

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