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  Members First Credit Union of Utah Certificate Accounts

Members First Credit Union of Utah Certificate Accounts

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

Unaffiliated

Members First Credit Union of Utah Certificate Accounts

Unaffiliated

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

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 30 months
  • 19 months
APY (Annual Percentage Yield) 0.25% - 0.50%

Members First Credit Union of Utah Certificate Accounts Review

Members First Credit Union of Utah Certificate Accounts is offered by Members First Credit Union - Utah, a credit union founded in 1958 and based in Brigham, UT. Members First Credit Union of Utah Certificate Accounts is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. Members First Credit Union of Utah Certificate Accounts only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.50%, 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. Members First Credit Union of Utah Certificate Accounts 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 Members First Credit Union of Utah Certificate Accounts
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • 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 Utah Certificate Accounts FAQ

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

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

Members First Credit Union of Utah Certificate Accounts 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 - Utah offer on its CDs?

Members First Credit Union of Utah Certificate Accounts offers an APY starting at 0.25% and ranging up to 0.50%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Members First Credit Union of Utah Certificate Accounts offer?

Members First Credit Union - Utah offers CD terms of the following lengths:
Members First Credit Union of Utah Certificate Accounts Rates & Terms
Description
2-Year APY 0.4%
3-Year APY 0.5%
6-Month APY 0.25%
12-Month APY 0.35%
APY (Annual Percentage Yield) 0.25% - 0.50%

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

Members First Credit Union of Utah Certificate Accounts requires a minimum deposit of $500 to open an account.

What is the grace period for Members First Credit Union of Utah Certificate Accounts?

Members First Credit Union of Utah Certificate Accounts 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 Utah Certificate Accounts 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 - Utah does not charge an early withdrawal fee.

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

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Message From Members First Credit Union of Utah Certificate Accounts

Our continued goal is to “professionally and courteously serve the financial needs of our members, while maintaining a sound financial position”. We provide a wide variety of financial options including various deposit accounts, consumer loans, credit cards, home equity loans, electronic account access and online Bill Pay. We remain “Large enough to provide the services you need, yet small enough to provide the service you deserve”.

A Certificate Account offers you peace of mind with a guaranteed interest rate and the flexibility to choose a term that fits your investment needs. Members First Credit Union offers a variety of term certificate options.

Availability

  Available in 1 state
Utah
Availabile in all of Utah

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.4%
3-Year APY 0.5%
6-Month APY 0.25%
12-Month APY 0.35%
APY (Annual Percentage Yield) 0.25% - 0.50%
CD Accounts Traditional
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 30 months
  • 19 months

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