HomeAmerican Credit Union Review I: High Interest Rates on Certificates of Deposit

American Credit Union Review I: High Interest Rates on Certificates of Deposit

credit union overall rating

Pros and Cons

savings

Annual Percentage Return (APY)

0.05% APY

  • Pros and Cons
  • details

  • Positives
    • Minimum opening deposit $1
    • No monthly service fee
    cons
    • Low interest rate
    • Interest accrues monthly, not daily
    • Membership is restricted to certain parts of the West
    • 128 branches in Arizona, Idaho, Nevada, and Utah
    • 5,600 joint branches and 60,000 ATMs at no additional charge through the CO-OP . shared network
    • At least $1 must be kept in the account to maintain membership and earn interest
    • Interest is accrued and deposited monthly
    • Federally insured by the NCUA

    To become a member of America First, you must open a file America First Credit Union Combined Savings Account. The account does not charge any fees monthly fee It only requires one dollar to open and maintain membership.

    Audit

    Annual Percentage Return (APY)

    0.00% to 0.05% APY

  • Pros and Cons
  • details

  • Positives
    • There is no minimum opening deposit
    • No monthly service fee
    • Overdraft protection is available
    cons
    • $25 overdraft fee
    • 1.50 USD Out-of-Network ATM Fee
    • You must have at least $500 account to earn interest
    • Low interest rate
    • Membership is restricted to certain parts of the West
    • 128 branches in Arizona, Idaho, Nevada, and Utah
    • 5,600 joint branches and 60,000 ATMs at no additional charge through the CO-OP . shared network
    • You must have at least $500 account to earn interest
    • If you use overdraft protection, America First offers a line of credit for a fee of $25
    • Interest is accrued and deposited monthly
    • Federally insured by the NCUA

    The America First Credit Union Classic Checking Account It is a decent choice if you are looking for a free checking account.

    Be careful not to overdraw. America First provides a credit limit when using Overdraft Protection But it still charges a fee of $25.

    CD

    Annual Percentage Return (APY)

    0.25% to 1.10% APY

  • Pros and Cons
  • details

  • Positives
    • Competitive APY
    • Opening deposit of $500
    • Low penalties for early withdrawal
    cons
    • Without terms of more than 5 years
    • Interest accrues monthly, not daily
    • Membership is limited to certain provinces in the West
    • Membership is restricted to certain parts of the West
    • Durations range from 3 months to 5 years
    • 60-day early withdrawal fine for 12 months or less; 180 days interest for terms over 12 months
    • Interest is accrued monthly and paid monthly
    • Federally insured by the NCUA

    America First appeared in Our Best CD Pricing Guide. It has many CD options for sharing, including Flexible Certifications It allows you to deposit and withdraw funds after opening them. No matter which term you choose, you will also earn a good interest rate.

    Tag account cash

    Annual Percentage Return (APY)

    0.05% to 0.15% APY

  • Pros and Cons
  • details

  • Positives
    • There is no minimum opening deposit
    • No monthly service fee
    cons
    • Low interest rate
    • No discount card
    • Membership is restricted to certain parts of the West
    • 128 branches in Arizona, Idaho, Nevada, and Utah
    • 5,600 joint branches and 60,000 ATMs at no additional charge through the CO-OP . shared network
    • Earn 0.05% APY if you have an account balance between 0 and $4999.99
    • Earn 0.10% APY if you have an account balance between $5,000 and $24,9999.99
    • Earn 0.15% APY if you have an account balance over $250,000
    • Interest is accrued monthly and paid monthly
    • Federally insured by the NCUA

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

    America First also has a money market checking account that comes with a debit card – but you’ll need to deposit at least $10,000 to open an account.

    How First American Credit Union Works

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

    You are eligible for membership in America First Credit Union if you live, work, worship, or volunteer in the county of Arizona, Idaho, Nevada, or Utah mentioned in this list. If you have a family member or spouse an existing member, you can also join. To become a member, you must open a stock savings account.

    Customer support is available via phone, email, or live chat. Call a customer service representative from 8:00 AM to 8:00 PM MT on weekdays or 8:00 AM to 7:00 PM MT on Saturdays.

    America First mobile app has 4.7 out of 5 stars on Google Play Store. On the Apple Store, it has a rating of 4.8 out of 5 stars.

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

    Is America’s First Credit Union Trustworthy?

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

    We also include ratings from the Better Business Bureau to provide information about how financial institutions handle customer issues and their transparency practices. Give BBB America First Credit Union Value rated A +.

    A good BBB rating does not necessarily mean that you will have a similar experience to others. You’ll want to talk to existing members or read online customer reviews to get a better understanding of whether America First would be right for you.

    How does American First Credit Union compare?

    We compared America First Credit Union to two other financial institutions from Our Best CD Pricing Guide: bank ally And CIT Bank.

    All three financial institutions offer powerful CDs. America First pays the highest interest rates for its certificates. while, ally It is one of the few banks that does not require a minimum opening deposit, so it will be the best option if you have less than $500 to start with. CIT Bank It might be a good choice if you are planning to get a huge CD.

    Your decision between these institutions may also boil down to your preferences between them Online Banks and conventional banks. CIT Bank and Ally both work online only, so you need to be comfortable working online and


    Mobile banking

    . If you find it difficult to manage your account in this way, you may prefer banking with America First since they have physical branch locations.