***Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.
Growing older has its perks! If you’re 50 or over, this account may be your best option.
If you’re 50 or older, you’ll want to take a look at our Advantage 50 Interest Checking Account. This account not only lets you earn interest on your balance, but it also gives you free personalized checks for life. You’ll enjoy competitive rates and the added peace of mind that comes with no required minimum balance.
As of 11/12/2024
Annual Percentage Yield (APY)*** | Interest Rate*** |
---|---|
0.05% | 0.05% |
***Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.
Earn even more interest! This account gives you our highest interest rate.
Are you looking to earn as much interest as possible? Introducing the Preferred Interest Checking Account. This account is ideal if you plan to have at least $1,500 in it at all times. When you do, you’ll earn the highest interest rate we offer on a checking account — all while enjoying the benefits of free checking.
Don’t worry if your balance falls below $1,500. You still earn our competitive interest rate.
As of 11/12/2024
Annual Percentage Yield (APY)*** | Interest Rate*** | |
---|---|---|
Balances Under $1,500 | 0.05% | 0.05% |
Balances $1,500 or more | 0.10% | 0.10% |
***Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.
Simply Free Checking | Direct Interest Checking | Advantage 50 Interest Checking | Preferred Interest Checking | |
---|---|---|---|---|
Account Overview | A FREE account for everyone | Earn interest with the convenience of direct deposit or any automatic payment | A perfect account for customers 50 and over | An account for those interested in higher interest |
Minimum Opening Balance | $50 | $50 | $50 | $50 |
Minimum Balance Required | – | – | – | Yes |
Monthly Service Charge | – | – | – | Only $7 monthly charge if minimum daily balance falls below $1,500* |
Interest Bearing | – | Yes | Yes | Higher interest rate with a daily balance of $1,500 or more competitive interest if balance falls below $1,500 |
Checks | Free box of checks | Free box of checks | Free checks for life | Free checks for life |
APY*** | .00% | 0.05% | 0.05% | Balances under $1,500 – 0.05% Balances $1,500 or more – 0.10% |
Interest Rate*** | .00% | 0.05% | 0.05% | Balances under $1,500 – 0.05% Balances $1,500 or more – 0.10% |
*Monthly Service Charge will be assessed if balance falls below the Minimum Daily Balance Requirements anytime during the statement period.
**Message and data rates may apply. Check with your cellular carrier for details.
***Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.
Welcome! If you’re a new First Federal Lakewood customer, we understand you may have questions about your checking account. Rest assured, we’ve all been there. We’re here to guide you and set your mind at ease with our helpful guide.
Find what you need to know, whenever you need to know it.