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  First Technology Federal Credit Union Membership Savings Account

First Technology Federal Credit Union Membership Savings Account

in Savings Accounts from First Technology Federal Credit Union · ncua

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First Technology Federal Credit Union Membership Savings Account

Unaffiliated

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%
APY Minimum Balance N/A

First Technology Federal Credit Union Membership Savings Account Review

First Technology Federal Credit Union Membership 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 Membership Savings Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. First Technology Federal Credit Union Membership Savings Account has an annual percentage yield of up to 0.05%, which is higher than the national average interest rate on savings accounts.
  • $0 monthly fee. This account does not charge a monthly Service Charge as long as you keep a minimum balance of $5.
  • Small minimum initial deposit. You only need $5 to open an account.
  • No ATM fees. First Technology Federal Credit Union Membership 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 Technology Federal Credit Union Membership 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 Technology Federal Credit Union Membership 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 Technology Federal Credit Union Membership Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for First Technology Federal Credit Union Membership Savings Account?

The minimum deposit to open a First Technology Federal Credit Union Membership Savings Account is $5.
First Technology Federal Credit Union Membership Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $5
Minimum Opening Deposit Starting at $5
Minimum Required Balance $5

What APY does First Technology Federal Credit Union offer?

First Technology Federal Credit Union Membership Savings Account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does First Technology Federal Credit Union Membership Savings Account charge?

First Technology Federal Credit Union Membership Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $5.

  • 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 Technology Federal Credit Union Membership Savings Account offer?

This savings account includes the following features:

  • Fraud monitoring - First Technology Federal Credit Union Membership 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 Technology Federal Credit Union Membership 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 Technology Federal Credit Union Membership 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 Technology Federal Credit Union Membership Savings Account?

The customer support email for First Technology Federal Credit Union Membership 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 Balance to Avoid Monthly Fee Starting at $5
Minimum Opening Deposit Starting at $5
Minimum Required Balance $5
Monthly Fee $0
Returned Deposit Fee (Domestic) $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Outgoing) $40
Bauer Financial A+/A Rating
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%

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