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  America First Credit Union Bump Rate Certificate Account

America First Credit Union Bump Rate Certificate Account

in CD Accounts from America First Credit Union · Member ncua

Unaffiliated

America First Credit Union Bump Rate Certificate Account

Unaffiliated

in CD Accounts from America First Credit Union · Member NCUSIF

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Highlights
Minimum Opening Deposit Starting at $500
Deposit Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 28 months
  • 42 months
  • 30 months
  • 19 months
  • 39 months
  • 58 months
  • 37 months
  • 59 months
  • 25 months
  • 31 months
  • 43 months
  • 49 months
  • 55 months
APY (Annual Percentage Yield) 0.05% - 0.55%

America First Credit Union Bump Rate Certificate Account Review

America First Credit Union Bump Rate Certificate Account is offered by America First Credit Union, a credit union founded in 1985 and based in Salt Lake City, UT. America First Credit Union Bump Rate Certificate Account is available in 4 states across the USA.

Key Takeaways
  • Only one CD account type available. America First Credit Union Bump Rate Certificate Account only offers bump up CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.55%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
  • Wide selection of CD terms. America First Credit Union Bump Rate Certificate Account allows you to create a CD ladder by spreading your cash across certificates of deposit with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of America First Credit Union Bump Rate Certificate Account
Pros Cons
  • NCUSIF insured.
  • Multiple CD terms available.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Only available in 4 states.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
America First Credit Union Bump Rate Certificate Account FAQ

Are cd accounts from America First Credit Union federally insured?

Yes, your America First Credit Union cd accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does America First Credit Union offer?

America First Credit Union Bump Rate Certificate Account provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.

What CD rates does America First Credit Union offer on its CDs?

America First Credit Union Bump Rate Certificate Account offers an APY starting at 0.05% and ranging up to 0.55%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does America First Credit Union Bump Rate Certificate Account offer?

America First Credit Union offers CD terms of the following lengths:
America First Credit Union Bump Rate Certificate Account Rates & Terms
Description
11-Month APY 0.10%
2-Year APY 0.25%
3-Month APY 0.05%
3-Year APY 0.30%
4-Year APY 0.45%
5-Year APY 0.55%
6-Month APY 0.10%
12-Month APY 0.20%
APY (Annual Percentage Yield) 0.05% - 0.55%

What is the minimum deposit to open a CD account with America First Credit Union?

America First Credit Union Bump Rate Certificate Account requires a minimum deposit of $500 to open an account.

What is the grace period for America First Credit Union Bump Rate Certificate Account?

There is a 10-day grace period for America First Credit Union Bump Rate Certificate Account. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does America First Credit Union Bump Rate Certificate Account charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

America First Credit Union does not charge an early withdrawal fee.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by America First Credit Union

Icon for CD Accounts
View all cd accounts offered by America First Credit Union

Availability

  Available in 4 states
  • Arizona
  • Idaho
  • Nevada
  • Utah

Feature Breakdown

Minimum Opening Deposit Starting at $500
11-Month APY 0.10%
2-Year APY 0.25%
3-Month APY 0.05%
3-Year APY 0.30%
4-Year APY 0.45%
5-Year APY 0.55%
6-Month APY 0.10%
12-Month APY 0.20%
APY (Annual Percentage Yield) 0.05% - 0.55%
CD Accounts Bump Up
Grace Period for Account Changes 10 days
Deposit Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 28 months
  • 42 months
  • 30 months
  • 19 months
  • 39 months
  • 58 months
  • 37 months
  • 59 months
  • 25 months
  • 31 months
  • 43 months
  • 49 months
  • 55 months

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