Homeward Bound Account

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Account Description
  • Designed for saving money for a down payment on a home
  • Only $10.00 minimum opening balance
  • Pays 2% above passbook rate
  • Interest is paid and compounded monthly
  • Direct Deposit may be arranged
  • No monthly fee the first six months, then $1.00 monthly fee waived with average daily balance of $200.00
  • Subject to an access fee of 2% of withdrawal amount if not used to purchase a home
  • All transactions are recorded in a passbook
Account Features
*List of First Federal of Lakewood Disclosures

First Federal of Lakewood will accept deposits from ALL counties within the state of Ohio.