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  First Technology Federal Credit Union Share Certificate

First Technology Federal Credit Union Share Certificate

in CD Accounts from First Technology Federal Credit Union · ncua

Unaffiliated

First Technology Federal Credit Union Share Certificate

Unaffiliated

in CD Accounts from First Technology Federal Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 6 months
  • 12 months
  • 13 months
  • 2 years
  • 3 years
  • 5 years
APY (Annual Percentage Yield) 0.2% - 0.55%

First Technology Federal Credit Union Share Certificate Review

First Technology Federal Credit Union Share Certificate is offered by First Technology Federal Credit Union, a credit union founded in 2012 and based in Cupertino, CA. First Technology Federal Credit Union Share Certificate is available in 8 states across the USA.

Key Takeaways
  • Small selection of CD account types. First Technology Federal Credit Union Share Certificate only offers traditional and bump up CDs.
  • 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 certificate account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. First Technology Federal Credit Union Share Certificate 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 Technology Federal Credit Union Share Certificate
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in 8 states.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
First Technology Federal Credit Union 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 Federal Credit Union 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 Federal Credit Union Share Certificate offers an APY starting at 0.2% 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 First Technology Federal Credit Union Share Certificate offer?

First Technology Federal Credit Union offers CD terms of the following lengths:
First Technology Federal Credit Union Share Certificate Rates & Terms
Description
2-Year APY 0.35% - 0.4%
3-Year APY 0.4% - 0.45%
5-Year APY 0.55%
6-Month APY 0.2%
12-Month APY 0.3%
APY (Annual Percentage Yield) 0.2% - 0.55%

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

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

What is the grace period for First Technology Federal Credit Union Share Certificate?

There is a 10-day grace period for First Technology Federal Credit Union 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 Federal Credit Union 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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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.

Availability

  Available in 8 states
  • California
  • Colorado
  • Georgia
  • Idaho
  • Massachusetts
  • Oregon
  • Texas
  • Washington

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.35% - 0.4%
3-Year APY 0.4% - 0.45%
5-Year APY 0.55%
6-Month APY 0.2%
12-Month APY 0.3%
APY (Annual Percentage Yield) 0.2% - 0.55%
CD Accounts
  • Bump Up
  • Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 6 months
  • 12 months
  • 13 months
  • 2 years
  • 3 years
  • 5 years

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