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  First Technology FCU Share Certificate
First Technology FCU Share Certificate Unaffiliated

First Technology FCU Share Certificate

Unaffiliated
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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term 13 months
APY (Annual Percentage Yield) 0.2% - 0.25%

First Technology FCU Share Certificate Review

First Technology FCU Share Certificate is offered by First Technology Federal Credit Union, a credit union founded in 2012 and based in Cupertino, CA. First Technology FCU Share Certificate is available in 50 states (and Washington, DC).

Key Takeaways

  • Only one CD account type available. First Technology FCU Share Certificate only offers bump up CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.25%, 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.
  • Limited selection of CD terms. First Technology FCU Share Certificate only offers one CD terms. This limits your options when trying to set up a certificate ladder.

Pros & Cons of First Technology FCU Share Certificate

Pros Cons
  • Insured by NCUA.
  • Available in all 50 states.
  • High-dividend yield
  • Poor selection of certificate terms.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.

First Technology FCU Share Certificate FAQ

Are cd accounts from First Technology Federal Credit Union federally insured?

Yes, your First Technology Federal Credit Union cd accounts 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 types of CDs does First Technology Federal Credit Union offer?

First Technology FCU Share Certificate 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 First Technology Federal Credit Union offer on its CDs?

First Technology FCU Share Certificate offers an APY starting at 0.2% and ranging up to 0.25%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does First Technology FCU Share Certificate offer?

First Technology Federal Credit Union offers CD terms of the following lengths:
First Technology FCU Share Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 0.2% - 0.25%

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

First Technology FCU Share Certificate requires a minimum deposit of $500 to open an account.

What is the grace period for First Technology FCU Share Certificate?

There is a 10-day grace period for First Technology FCU Share Certificate. 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 First Technology FCU Share Certificate 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.

First Technology Federal Credit Union does not charge an early withdrawal fee.

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $500
APY (Annual Percentage Yield) 0.2% - 0.25%
CD Accounts Bump Up
Grace Period for Account Changes 10 days
Certificate Term 13 months

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