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  First Technology Federal Credit Union Instant Access Savings Account

First Technology Federal Credit Union Instant Access Savings Account

in Savings Accounts from First Technology Federal Credit Union · ncua

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First Technology Federal Credit Union Instant Access Savings Account

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

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

First Technology Federal Credit Union Instant Access Savings Account Review

First Technology Federal Credit Union Instant Access Savings Account is offered by First Technology Federal Credit Union, a credit union founded in 2012 and based in Cupertino, CA. First Technology Federal Credit Union Instant Access Savings Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. First Technology Federal Credit Union 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.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • 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.
  • No ATM fees. First Technology Federal Credit Union Instant Access Savings Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through First Technology Federal Credit Union.
First Tech savings account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Dividend-yielding account
  • Insured by NCUA.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • 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?

Yes, your First Technology Federal Credit Union savings 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.

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 Technology Federal Credit Union 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:

  • Fraud monitoring - First Tech savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - First Tech savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

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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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • 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
Account Features
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Insured by NCUA
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.05% - 0.35%

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