First Tech Federal Credit Union Review
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Edited by
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At a glance
Overview
First Tech Federal Credit Union is likely best for customers on the West Coast, where most of its branches are located. It’s easy to open an account since there are no monthly fees and minimum deposits are relatively low. Moreover, the credit union offers competitive yields on its share certificates.
Highlights:
24/7 Customer Service Low Min Deposit No Monthly FeesHighlights:
CDs
Checking
Savings
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
First Tech Federal Credit Union offers a large swath of financial services, ranging from traditional deposit products like savings and checking accounts to credit cards and home loans. Though the APYs for the credit union’s share certificates are competitive, the yields for many of its savings and checking accounts leave much to be desired.
Pros
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There’s free access to over 30,000 CO-OP ATMs across the country.
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Share certificates offer competitive APYs.
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There are no monthly fees or minimum balance requirements.
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There’s nearly 6,000 CO-OP shared branch locations you can visit for help.
Cons
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Higher yields for checking and savings accounts can be found elsewhere.
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There aren’t fee rebates for ATMs outside of the CO-OP network for most deposit accounts.
First Tech Federal Credit Union banking products
First Tech Federal Credit Union savings overview
Pros
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None of the savings accounts charge monthly fees.
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Overdraft protection is available.
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Instant Access Savings is a tiered account.
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A high-yield account option is available.
Cons
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Higher yields can be found elsewhere.
Rate history for First Tech's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
First Tech Federal Credit Union CD overview
Pros
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All certificates are available to open for just $500.
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There’s a large range of terms to choose from.
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The APYs are competitive.
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Bump-up certificates are available.
Cons
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There are hefty withdrawal penalties on share certificates with terms of more than 2 years.
Rate history for First Tech's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
First Tech Federal Credit Union checking overview
Pros
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None of the checking accounts charge monthly fees or have minimum balance requirements.
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There’s free access to over 30,000 CO-OP ATMs.
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Checking accounts feature free mobile banking with BillPay and e-deposits.
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A high-yield account is available.
Cons
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Most of First Tech’s checking accounts don’t offer ATM fee rebates.
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Higher yields can be found elsewhere.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $33 |
| Non-sufficient funds fee | None |
| Monthly maintenance fee | None |
| Out-of-network ATM fee | $2 |
| Excessive transaction fee | None |
Customer experience
Customer service. Customer service by phone is available 24/7, but you can also reach a representative through secure online messages or in-person and virtual appointments.
Digital experience. Person-to-person payments can be made using Zelle, and the debit card works with Apple Pay and Google Pay. You can also use your First Tech debit card to freely access over 30,000 CO-OP ATMs across the U.S. First Tech’s mobile app is highly rated by reviewers on the Apple App Store and Google Play Store.
We want to know what you think about First Tech Federal Credit Union
Do you have experience with First Tech Federal Credit Union? Let us know your thoughts.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
