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  Members First Credit Union of Texas Great Start CD

Members First Credit Union of Texas Great Start CD

in CD Accounts from Members First Credit Union - Texas · ncua

Unaffiliated

Members First Credit Union of Texas Great Start CD

Unaffiliated

in CD Accounts from Members First Credit Union - Texas · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $200
Certificate Term
  • 12 months
  • 2 years
  • 3 years
APY (Annual Percentage Yield) 0.20%

Members First Credit Union of Texas Great Start CD Review

Members First Credit Union of Texas Great Start CD is offered by Members First Credit Union - Texas, a credit union founded in 1938 and based in Corpus Christi, TX. Members First Credit Union of Texas Great Start CD is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. Members First Credit Union of Texas Great Start CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.20%, which is much higher than the national average for a certificate account.
  • $200 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Limited selection of CD terms. Members First Credit Union of Texas Great Start CD only offers three CD terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Members First Credit Union of Texas Great Start CD
Pros Cons
  • Insured by NCUA.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
Members First Credit Union of Texas Great Start CD FAQ

Are cd accounts from Members First Credit Union - Texas federally insured?

Yes, your Members First Credit Union - Texas 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 Members First Credit Union - Texas offer?

Members First Credit Union of Texas Great Start CD 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.

What CD rates does Members First Credit Union - Texas offer on its CDs?

The CD rates for this account have an APY of0.20% (APY stands for annual percentage yield, rates may change).

What terms does Members First Credit Union of Texas Great Start CD offer?

Members First Credit Union - Texas offers CD terms of the following lengths:
Members First Credit Union of Texas Great Start CD Rates & Terms
Description
2-Year APY 0.2%
3-Year APY 0.2%
12-Month APY 0.2%
APY (Annual Percentage Yield) 0.20%

What is the minimum deposit to open a CD account with Members First Credit Union - Texas?

Members First Credit Union of Texas Great Start CD requires a minimum deposit of $200 to open an account.

What is the grace period for Members First Credit Union of Texas Great Start CD?

Members First Credit Union of Texas Great Start CD 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 Members First Credit Union of Texas Great Start CD 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.

Members First Credit Union - Texas does not charge an early withdrawal fee.

Members First Credit Union - Texas does not seem to charge any of the fees we track.

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Message From Members First Credit Union of Texas Great Start CD

Members First Credit Union is a member-owned, not-for-profit financial cooperative dedicated to meeting the financial needs of our members. We offer the credit union difference where members are owners and treated with an attitude and quality of service that says you come first. We follow the credit union philosophy of ‘not for profit, not for charity, but for service’. So, our profits stay in the credit union allowing us to pay better rates, lower fees, an improving line of products, and enhanced services.

Our Great Start CD is a great way to start out saving with a lower amount of money! Terms available from 12 months to 36 months to fit your needs. You can open the Great Start with as little as $200.00. Deposits through an automatic transfer of at least $50.00 per month are required.

Availability

  Available in 1 state
Texas
Availabile in all of Texas

Feature Breakdown

Minimum Opening Deposit Starting at $200
2-Year APY 0.2%
3-Year APY 0.2%
12-Month APY 0.2%
APY (Annual Percentage Yield) 0.20%
CD Accounts Traditional
Certificate Term
  • 12 months
  • 2 years
  • 3 years

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