America First Credit Union Review: High Interest Rates on CDs


Overall credit union rating

Advantages and disadvantages

Savings

Annual percentage return (APY)

0.05% APY

  • Advantages and disadvantages

  • Details


  • Advantages
    • Minimum opening deposit of $ 1
    • No monthly service fees
    The inconvenients
    • Low interest rate
    • Interest compounded monthly, not daily
    • Membership limited to parts of the West
    • 128 branches in Arizona, Idaho, Nevada and Utah
    • 5,600 shared branches and 60,000 toll-free ATMs via the CO-OP shared network
    • Must keep at least $ 1 in account to maintain membership and earn interest
    • Interest compounded and deposited monthly
    • Federal Insurance by NCUA

    To become a member of America First, you will need to open the America First Credit Union Stock Savings Account. The account does not charge any monthly fees and only requires $ 1 to open and maintain membership.

    Verification

    Annual percentage return (APY)

    0.00% to 0.05% APY

  • Advantages and disadvantages

  • Details


  • Advantages
    • No minimum opening deposit
    • No monthly service fees
    • Overdraft protection available
    The inconvenients
    • $ 25 overdraft fee
    • Off-network ATM fee of $ 1.50
    • Must have at least $ 500 in account to earn interest
    • Low interest rate
    • Membership limited to parts of the West
    • 128 branches in Arizona, Idaho, Nevada and Utah
    • 5,600 shared branches and 60,000 toll-free ATMs via the CO-OP shared network
    • Must have at least $ 500 in account to earn interest
    • If you use overdraft protection, America First provides a line of credit for a fee of $ 25
    • Interest compounded and deposited monthly
    • Federal Insurance by NCUA

    America First Credit Union Classic checking account is a good choice if you are looking for a free checking account.

    Be careful, however, of overtaking. America First provides a line of credit when you use overdraft protection, but still charges a fee of $ 25.

    CD

    Annual percentage return (APY)

    0.25% to 1.10% APY

  • Advantages and disadvantages

  • Details


  • Advantages
    • Competitive APY
    • $ 500 opening deposit
    • Low early withdrawal penalties
    The inconvenients
    • No mandate over 5 years
    • Interest compounded monthly, not daily
    • Membership limited to certain western counties
    • Membership limited to parts of the West
    • Term of office ranging from 3 months to 5 years
    • Early withdrawal penalty of 60 days of interest for terms of 12 months or less; 180 days of interest for terms longer than 12 months
    • Interest compounded monthly and paid monthly
    • Federal Insurance by NCUA

    America First is featured in our guide to the best CD rates. It offers several CD sharing options, including flexible certificates that allow you to deposit and withdraw money after opening one. Whatever duration you choose, you will also benefit from a good interest rate.

    Money market account

    Annual percentage return (APY)

    0.05% to 0.15% APY

  • Advantages and disadvantages

  • Details


  • Advantages
    • No minimum opening deposit
    • No monthly service fees
    The inconvenients
    • Low interest rate
    • No debit card
    • Membership limited to parts of the West
    • 128 branches in Arizona, Idaho, Nevada and Utah
    • 5,600 shared branches and 60,000 toll-free ATMs via the CO-OP shared network
    • Earn 0.05% APY if your account balance is between $ 0 and $ 4,999.99
    • Earn 0.10% APY if you have an account balance between $ 5,000 and $ 249.99.99
    • Earn 0.15% APY if you have an account balance over $ 250,000
    • Interest compounded monthly and paid monthly
    • Federal Insurance by NCUA

    The America First Credit Union Money Market Savings Account may be ideal if you are able to maintain a high balance in your account. Account balances over $ 5,000 earn more interest than the credit union savings account, but still lower than what online banks might offer.

    America First also has a money market checking account along with a debit card, but you will need to deposit at least $ 10,000 to open an account.

    How America First Credit Union Works

    America First Credit Union has 128 branches in Arizona, Idaho, Nevada, and Utah. Members also have access to over 5,600 shared branches and 60,000 ATMs at no additional cost through the CO-OP shared network.

    You are eligible to become a member of America First Credit Union if you live, work, worship, or volunteer in any county in Arizona, Idaho, Nevada, or Utah. mentioned on this list. If you have a family member or a spouse who is a current member, you can also join. To become a member, you must open a stock savings account.

    Customer support is available by phone, email, or live chat. Contact a customer service representative 8:00 a.m. to 8:00 p.m. MT on weekdays or 8:00 a.m. to 7:00 p.m. MT on Saturdays.

    The America First mobile app has 4.7 out of 5 stars in the Google Play Store. In the Apple Store, it received 4.8 out of 5 stars.

    America First is federally insured by the NCUA, so up to $ 250,000 is safe in your bank account.

    Is America First Credit Union Trustworthy?

    America First Credit Union has not been involved in any recent public controversy.

    We also include Better Business Bureau assessments to provide insight into how financial institutions deal with customer issues and manage transparency practices. The BBB gave America First Credit Union a Note A +.

    A good BBB rating does not necessarily mean that you will have an experience similar to others. You’ll want to talk to current members or read customer reviews online to better understand if America First is right for you.

    How America First Credit Union Stacks Up

    We compared America First Credit Union to two other financial institutions in our best guide to CD rates: Ally Bank and CIT Bank.

    All three financial institutions offer solid CDs. America First pays the highest interest rates for its certificates. Meanwhile, Ally is one of the few banks that doesn’t require a minimum opening deposit, so this will be the best option if you have less than $ 500 to start. CIT Bank can be a good choice if you are planning to buy a jumbo CD.

    Your decision between these institutions can also come down to your preferences between online banking and traditional banks. CIT Bank and Ally are both online-only institutions, so you will need to be comfortable with online and


    mobile banking

    . If you find it difficult to manage your account this way, you may prefer to bank with America First as they have physical branches.


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