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Last Updated: 04/18/2025

First Financial Business Share Certificates Account

in CD Accounts from First Financial Federal Credit Union

Last Updated: 04/18/2025

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Highlights

APY (Annual Percentage Yield)

3.50% - 4.10%(Verified 06/21/2024)

Minimum Opening Deposit

Starting at $500

Certificate Term

  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
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First Financial Business Share Certificates Account Review

First Financial Business Share Certificates Account are offered by First Financial Federal Credit Union, a credit union founded in 1953 and based in Sparks Glencoe, MD. First Financial Business Share Certificates Account are available in 50 states and Washington, DC.

Key Takeaways

  • Only one share certificate type available. First Financial Business Share Certificates Account only offers traditional share certificate accounts.
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.10%, which is much higher than the national average for a certificate account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. First Financial Business Share Certificates Account allows you to create a certificate 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 Financial Business Share Certificates Account

First Financial Business Share Certificates Account FAQ

Are share certificates from First Financial Federal Credit Union federally insured?

Yes, your share certificates are insured up to $250,000 per share owner for each account ownership category. 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 is the difference between CDs and Share Certificates?

Certificates of Deposit (CDs) and Share Certificates are both deposit accounts where your money can grow at a fixed rate for a predetermined period of time. Both are low-risk and federally insured products designed to give you a better rate on your deposits than typical savings accounts. The main difference between them is that CDs are offered by for-profit banks, whereas Share Certificates are offered by member-owned, not-for-profit credit unions.

What types of share certificates does First Financial Federal Credit Union offer?

First Financial Business Share Certificates Account provides the following types of share certificates.
  • Traditional share certificates. These share certificates 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 share certificate for another term.

What rates does First Financial Federal Credit Union offer on its share certificates?

First Financial Business Share Certificates Account offers an APY starting at 3.50% and ranging up to 4.10%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.

What terms does First Financial Business Share Certificates Account offer?

First Financial Federal Credit Union offers share certificate terms of the following lengths:

What is the minimum deposit to open a share certificate account with First Financial Federal Credit Union?

First Financial Business Share Certificates Account require a minimum deposit of $500 to open an account.

What is the grace period for First Financial Business Share Certificates Account?

First Financial Business Share Certificates Account 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 share certificate without paying an early withdrawal penalty. A grace period starts the day after a share certificate’s maturity date, or the final day a share certificate is opened. Standard share certificates renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new share certificate rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does First Financial Federal Credit Union charge?

Financial institutions don't typically charge many fees on share certificates. However, most charge a fee if you choose to withdraw your money before the term ends.
First Financial Federal Credit Union charges an early withdrawal fee.
First Financial Federal Credit Union does charge any of the fees we track.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

72 Loveton Cir
Sparks Glencoe, MD 21152
(800) 903-3328
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Hours of Operation

Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
Closed

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