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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 4/18/2024

Product*APYInterest RateMinimum BalanceDisclosures
3-Month CD0.10%0.10%$500

Disclosure

3-Month CD Special⁺3.55%3.50%$500

Disclosures

6-Month CD0.15%0.15%$500

Disclosure

6-Month CD Special⁺5.00%4.92%$500

Disclosures

9-Month CD0.20%0.20%$500

Disclosure

9-Month CD Special⁺4.75%4.68%$500

Disclosures

⁺Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank. 

*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings. Early withdrawal penalties may apply.

 

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 4/18/2024

Product*APYInterest RateMinimum BalanceDisclosures
1-Year CD0.30%0.30%$500

Disclosure

13-Month CD Special⁺4.84%4.75%$500

Disclosure

18-Month CD**0.30%0.30%$500

Disclosure

2-Year CD0.35%0.35%$500

Disclosure

24-Month CD Special⁺3.81%3.75%$500

Disclosure

3-Year CD0.40%0.40%$500

Disclosure

36-Month CD Special⁺4.25%4.18%$500

Disclosures

4-Year CD0.45%0.45%$500

Disclosure

48-Month CD Special⁺4.25%4.18%$500

Disclosures

5-Year CD2.32%2.30%$500

Disclosure

*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings. Early withdrawal penalties may apply.

**Renewal Term is 18 months for the 18 Month CD.

⁺Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.


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 4/18/2024

Product*APYInterest RateMinimum BalanceDisclosures
DirectSave0.20%0.20%$25

Disclosure

*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings. $25 Minimum deposit to open. Early withdrawal penalties may apply. At least one electronic deposit per month, $25 minimum, is required.

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