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  First Tech FCU Instant Access Savings Account
First Tech FCU Instant Access Savings Account Unaffiliated

First Tech FCU Instant Access Savings Account

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Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 0.05% - 0.35%
Minimum Balance to Earn APY N/A

First Tech FCU Instant Access Savings Account Review

First Tech FCU Instant Access Savings Account is offered by First Technology Federal Credit Union, founded in 2012 and based in Cupertino, CA. First Tech FCU Instant Access Savings Account is available in 51 states across the USA.

Key Takeaways
  • Higher than average APY. First Tech FCU Instant Access Savings Account has an annual percentage yield of up to 0.35%, which is higher than the national average interest rate on savings accounts.
  • Large minimum initial deposit. You need a minimum deposit of $5,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
First Tech savings account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
First Tech savings account FAQ

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

No, your First Technology Federal Credit Union savings accounts are not insured by a federal insurance agency. This means that if First Technology Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

Does First Technology Federal Credit Union offer a signup bonus?

First Tech savings account doesn't offer a signup bonus.

What is the minimum initial deposit for First Tech savings account?

The minimum deposit to open a First Tech savings account is $5,000.
First Tech FCU Instant Access Savings Account Minimums
Description
Minimum Opening Deposit Starting at $5,000

What APY does First Technology Federal Credit Union offer?

First Tech savings account offers an APY starting at 0.05% and ranging up to 0.35% (APY stands for annual percentage yield, rates may change).

What fees does First Tech savings account charge?

First Tech savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $40 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.

What features and perks does First Tech savings account offer?

This savings account includes the following features:

Can you set up a direct deposit to First Tech savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for First Tech savings account?

The customer support email for First Tech savings account is memberservice@firsttechfed.com.

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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 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 $5,000
Monthly Fee $0
Returned Deposit Fee (Domestic) $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Outgoing) $40
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.05% - 0.35%

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