First Federal Lakewood
Quick Summary
- HSA savings account
The Verdict
First Federal Lakewood provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Since 1935, First Federal Lakewood has been committed to helping Ohio residents and businesses achieve their financial goals by actively listening to and understanding their needs.
Dedicated to the strength and economic growth of the communities we serve, we’re proud to be the largest independent depositor-owned bank headquartered in Ohio.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
This provider focuses on cash savings without investment options.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $50 minimum balance. $10.00 opening fee.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $10.00 | $1.88 | ABOVE AVG |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
First Federal Lakewood currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $2,499 | 0.10% |
| $2,500 - $4,999 | 0.15% |
| $5,000+ | 0.20% |
Last updated: 06-20-2024
Contact Information
Address
14806 Detroit Avenue Lakewood, OH 44107 Customer Service Mailing Address First Federal Lakewood 14806 Detroit Ave. Lakewood, OH 44107
Customer Service
800-966-7300
14806 Detroit Avenue Lakewood, OH 44107 Customer Service Mailing Address First Federal Lakewood 14806 Detroit Ave. Lakewood, OH 44107
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •FDIC/NCUA insured deposits
The Bad
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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