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Last Updated: 04/18/2025
InFirst Federal Credit Union IRA Certificates
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.76% - 2.42%(Verified 06/21/2024)
Minimum Opening Deposit
$1,000
Certificate Term
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
InFirst Federal Credit Union IRA Certificates Review
InFirst Federal Credit Union IRA Certificates are offered by InFirst Federal Credit Union, a credit union founded in 1935 and based in Alexandria, VA. InFirst Federal Credit Union IRA Certificates are available in 50 states and Washington, DC.
Key Takeaways
- Only one share certificate type available. InFirst Federal Credit Union IRA Certificates only offers IRA share certificate accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2.42%, which is much higher than the national average for a certificate account.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
- Wide selection of certificate terms. InFirst Federal Credit Union IRA Certificates 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 InFirst Federal Credit Union IRA Certificates
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InFirst Federal Credit Union IRA Certificates FAQ
Are share certificates from InFirst 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 InFirst Federal Credit Union offer?
InFirst Federal Credit Union IRA Certificates 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.
- IRA share certificates. An IRA share certificate is a type of IRA that consists entirely of share certificates. In general, you can invest in share certificates in any IRA, but InFirst Federal Credit Union IRA Certificates offers a share certificate that is specifically for retirement.
What rates does InFirst Federal Credit Union offer on its share certificates?
InFirst Federal Credit Union IRA Certificates offers an APY starting at 1.76% and ranging up to 2.42%. 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 InFirst Federal Credit Union IRA Certificates offer?
InFirst Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 1.76% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 1.76% - 2.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 2.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 2.52% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 2.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 2.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with InFirst Federal Credit Union?
InFirst Federal Credit Union IRA Certificates require a minimum deposit of $1,000 to open an account.
What is the grace period for InFirst Federal Credit Union IRA Certificates?
There is a 10-day grace period for InFirst Federal Credit Union IRA Certificates. 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 10-day 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 InFirst 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.
InFirst Federal Credit Union charges an early withdrawal fee.
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Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed
Other Services by InFirst Federal Credit Union
Other CD Accounts from InFirst Federal Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
0.75% - 2.42%
Disclaimer popup with additional information
Minimum Opening Deposit
$1K
Certificate Term
- 6 months
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
Rating not yet determined
APY (Annual Percentage Yield)
0.75% - 2.42%
Disclaimer popup with additional information
Minimum Opening Deposit
$100
Certificate Term
- 6 months
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
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