Last Updated: 04/18/2025
First Command Certificates of Deposit
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.45% - 4.00%(Verified 06/21/2024)
Minimum Opening Deposit
$1,000
Certificate Term
- 1 month
- 3 months
- 6 months
- 12 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
First Command Certificates of Deposit Review
First Command Certificates of Deposit are offered by First Command Financial Services, Inc., a bank founded in 1958 and based in Fort Worth, TX. First Command Certificates of Deposit are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. First Command Certificates of Deposit only offers traditional CD accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.00%, which is much higher than the national average for a CD account.
- $1,000.00 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. First Command Certificates of Deposit allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of First Command Certificates of Deposit
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First Command Certificates of Deposit FAQ
Are CD from First Command Financial Services, Inc. federally insured?
Yes, your First Command Financial Services, Inc. CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does First Command Financial Services, Inc. offer?
First Command Certificates of Deposit provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What rates does First Command Financial Services, Inc. offer on its CDs?
First Command Certificates of Deposit offers an APY starting at 0.45% and ranging up to 4.00%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does First Command Certificates of Deposit offer?
First Command Financial Services, Inc. offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 1.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.45% - 4.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 1.05% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 1.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 1.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 1.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18-Month APY | 4.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with First Command Financial Services, Inc.?
First Command Certificates of Deposit require a minimum deposit of $1,000.00 to open an account.
What is the grace period for First Command Certificates of Deposit?
First Command Certificates of Deposit does not specify what their grace period is. 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 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 First Command Financial Services, Inc. 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 term ends.
First Command Financial Services, Inc. charges an early withdrawal fee.
First Command Financial Services, Inc. does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 3:00PM
Tuesday
9:00AM - 3:00PM
Wednesday
9:00AM - 3:00PM
Thursday
9:00AM - 3:00PM
Friday
9:00AM - 3:00PM
Saturday
Closed