Third Federal Savings & Loan Association is a Cleveland-based financial institution that supports local communities in Ohio and Florida and offers some banking products online.
Third Federal offers a range of standard and special CDs.
Some product offerings — like certain CD specials — are available nationwide.
The bank offers hundreds of fee-free ATMs, thanks to a partnership with Fifth Third Bank, a regional bank based in Cincinnati, Ohio.
Branches are available only in Ohio and Florida.
There is a mobile app, but it lacks some of the digital features you would find in an app provided by a bigger bank.
Some deposit accounts — like money market accounts — cannot be opened online.
The bank's app receives high marks for both iOS and Android, though the features are fairly standard compared with apps for other financial institutions. Still, you can use the mobile app to find out your bank balance before you, say, check out at the grocery line.
About Third Federal Savings and Loan Association
Third Federal Savings & Loan Association was established in May 1938 during the Great Depression. Initially, its customers were primarily Eastern European immigrants living in Cleveland, Ohio, but as the bank grew and opened new branches, it began serving communities in the surrounding suburbs. By its 25th anniversary, the savings and loan association had more than 65,000 customers.
Today, Third Federal Savings serves hundreds of thousands of customers nationwide and offers mortgage loans in nearly half of the states. It’s one of the largest financial institutions in Ohio and is still headquartered in Cleveland. In addition to offering first and second mortgages, Third Federal Savings provides consumers with the opportunity to refinance, open bank accounts and start saving for retirement.