Tuesday, 24 November 2020

Third Federal Savings & Loan Review: Checking, Savings, CD and IRA Accounts

Third Federal Savings & Loan Review: Checking, Savings, CD and IRA Accounts
26 Oct
5:30

Third Federal Savings and Loan (OH)’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

0.25%

Savings

Third Federal Savings and Loan (OH) High-Yield Savings

2.15%

CIT Bank Savings Builder

LEARN MORE Secured

on CIT Bank’s secure website

Member FDIC

0.50%

CD Rates

Third Federal Savings and Loan (OH) 12 Month CD

2.55%

Goldman Sachs Bank USA High-yield 12 Month CD

on Goldman Sachs Bank USA’s secure website

Member FDIC

1.00%

CD Rates

Third Federal Savings and Loan (OH) 36 Month CD

2.85%

Synchrony Bank 36 Month CD

on Synchrony Bank’s secure website

Member FDIC

3.00%

CD Rates

Third Federal Savings and Loan (OH) 60 Month CD

3.10%

Barclays 60 Month Online CD

on Barclays’s secure website

Member FDIC

Third Federal Savings & Loan checking account options

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How Third Federal Savings & Loan’s checking account compares

The bank’s sole checking account — the High-Yield Checking Account — compares well with the best online checking accounts out there. The interest rate is a little higher than a few competitors, but only if you can maintain the $25,000 minimum balance set for the Tier 3 APY. Many online banking competitors, however, offer better interest rates regardless of tier.

Third Federal Savings and Loan’s minimum balance requirement to avoid monthly fees is middle of the road among top checking accounts, not the highest nor the lowest. The High-Yield account might make sense if you live near a branch in Ohio or Florida — or if you live near one of the many Fifth Third Bank ATMs nationwide.

Third Federal Savings & Loan Savings Account Options

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How Third Federal Savings & Loan’s saving account compares

Most of the best online savings accounts offer account holders a full percentage point of interest or more. When compared with these top accounts, Third Federal Savings & Loan’s rates are not the highest available.

Third Federal Savings & Loan CD Rates

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How Third Federal Savings & Loan’s CD rates compare

Compared with the best CD rates available, Third Federal Savings & Loan’s products hold up. Not every CD is a good buy but several of them — depending on the interest rate and duration — are on par with the competition. Look closely at the Special CDs in particular when shopping CD products through this institution. The Retirement CD might also be compared with the best IRA CD rates when shopping for a retirement investment CD.

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Holly Hammersmith

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Source: https://www.magnifymoney.com/blog/reviews/third-federal-savings-and-loan/

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