The First Tech fcu Federal Credit Union is a federally chartered credit union headquartered in Hillsboro, Oregon. It is regulated by the National Credit Union Administration. It offers a wide range of products and services. These include business instant access, Health savings accounts, and Kids accounts. Read on to learn more about these products and services.
Business Instant Access
First Tech FCU offers three types of business savings accounts, Simple Business Savings, Business Membership Savings, and Business Premier Savings. Each type of account has different features and requires a minimum initial deposit of at least $5. The Simple Business Savings is available to both members and non-members and earns an APY of up to 0.05%.
The basic plan has no monthly maintenance fees and no minimum balance requirement. This account also earns competitive dividend rates. The maximum monthly dividend rate is 2.00% APY. You can opt to receive your notifications by email or text message. You can also customize your alerts. The business savings account is a great choice for business owners looking to save money.
First Tech FCU offers many business insurance products, including liability insurance, builders’ risk policies, and commercial vehicle insurance. However, the bank doesn’t offer business loans or commercial credit cards. The company also offers a mobile app for iOS and Android. It has received high marks from users, who love the convenience of using the mobile app to do their banking.
First Tech FCU has a number of business checking accounts. The Business Dividend Checking, for example, earns dividends and waives a $15 monthly fee. In addition, customers who choose the latter option can earn rewards from the account, which they can then redeem for travel. The bank also offers digital banking, which allows customers to find an ATM near them and contact customer support online.
Refinancing student loans with First Tech
Student loan refinancing is a great option for working professionals. It allows you to pay off your current student loan more quickly by combining multiple loans into one single monthly payment. This type of loan also allows you to make smaller payments at first, and then increase your payments when your income increases. In addition, you can pay down the principal amount of the loan at any time.
First Tech FCU is a credit union founded in 1952. It serves employees of leading technology companies and is one of the nation’s top 10 credit unions. It has over 500,000 members and offers a wide range of financial products, including student loan refinancing.
Refinancing student loans with First Technology FCU is a great option for people looking to consolidate their student loans. This local credit union offers competitive rates and flexible repayment plans. You will need to provide proof of income and a recent statement from your student loans in order to apply. The application process can take as little as 15 minutes. First Tech FCU is insured by the National Credit Union Administration, and it regularly monitors its transactions to protect you from fraudulent lenders.
First Tech Federal Credit Union offers two types of student loan refinancing. Their fixed-rate personal loan is one of the easiest ways to consolidate your student loans. It has low monthly payments and no origination fees. It also has no prepayment penalties. In addition, you can choose to pay off the loan in installments instead of one big lump sum.
Health savings accounts
A Health Savings Account (HSA) is a convenient way to save for your medical expenses. It allows you to contribute money on a tax-deductible or pre-tax basis, which will grow tax-free over time. You can then take a tax-free withdrawal for qualified medical expenses. This account has many advantages, including convenience, earned interest, and the availability of funds at your fingertips.
The Health Savings Account is designed to help individuals with high-deductible medical insurance plans pay for health care expenses that are not covered by their health insurance. You can use HSA funds to cover the cost of doctor visits, dentist visits, pharmacy visits, and other medical expenses. This type of account also allows you to receive free checks and debit card access.
Kids accounts
One of the best ways to help kids learn about money is to open up a bank account with them. First Tech Federal Credit Union offers great accounts for kids of all ages. Their Start-Up Savings account earns 5% APY on balances up to $1,000. This account has no monthly minimum and no account maintenance fee. They also offer a Start-Up Checking account that has no minimum balance.
First Tech’s Trail Savers program helps kids understand basic financial concepts such as saving and investing. It also introduces them to careers and income. This helps kids develop good money habits while at the same time building a strong foundation for future success. And since children need savings to build a good foundation for their future, a First Tech Kids Account may be just the right thing for them.
First Tech has been a major contributor to the Credit Unions for Kids organization for over 36 years. Together with other credit unions in the Pacific Northwest, they raise money for innovative technologies and lifesaving research for kids. These organizations have multiple fundraising efforts throughout the year. In one such effort, employees at the credit union set a goal of $100,000 and matched employee donations with a 1:1 match from First Tech Financial Credit Union.
First Tech’s kid’s account offers no monthly service fee and no minimum balance requirement. With an APY starting at 0.05%, this account allows children to save money for college and a variety of other goals. It also offers a free health savings account.
Four types of checking accounts
Business owners can choose between Business Dividend Checking and Simple Business Checking from First Tech Federal Credit Union. Simple Business Checking earns no interest, while Business Dividend Checking earns 0.05% interest on your balance and comes with free banking alerts and a rewards-earning debit card. You can also choose to waive your $15 monthly account fee by maintaining a balance of at least $5,000.
Rewards Checking accounts are the highest paying of the four and do not charge any monthly maintenance fees. First Tech FCU also offers no-fee HSA Checking accounts. The two accounts have no minimum balance requirements, and both pay interest on the balance. First Tech also offers a Carefree Checking account which is the simplest option.
Business Checking accounts are available at First Tech FCU at competitive rates. However, business checking accounts must maintain a minimum balance of $2,500 to earn interest. However, there are some disadvantages to these accounts. For example, business checking accounts can have high minimum balance requirements, and First Tech FCU’s account minimums may be prohibitive to small businesses. However, the credit union does offer comprehensive insurance products, which is good news for business owners.
First Tech FCU also offers health savings accounts and kid accounts. There is also a Carefree account, which charges no monthly service fees and does not earn interest. A Start-Up account earns 0.10% APY, while a First Checking account earns 0.05% APY. First Tech also offers a First Tech Rewards account that earns the highest APY and offers ATM rebates up to $15 per month.
Interest rates
First Tech FCU offers a variety of personal loan options at competitive interest rates. Their terms range from 48 months to 72 months with no application or origination fees. They also do not charge prepayment penalties. You can apply online and receive a quote for the interest rate you’ll pay on your loan. First Tech also allows you to refinance a personal loan with better terms. To refinance your loan, you must first qualify for the new loan. You can then use the new loan funds to pay off the old loan.
Personal loans from First Tech Federal Credit Union are available for debt consolidation, weddings, funerals, and emergency expenses. These loans can also help you pay for vacations and other special events. To apply, you must be a member of the credit union. Otherwise, you’ll have to choose another provider.
First Tech FCU offers competitive rates for its certificates of deposit. These certificates of deposit, known as Share Certificates, offer 0.15% to 1.20% interest. The minimum balance is $500, but higher balances are recommended for the best rates. You can also use these certificates as collateral for loans. However, it is important to note that First Tech FCU interest rates are best for accounts with a higher balance. In addition, you’ll be able to earn higher interest rates with a First Tech Rewards account.
First Tech FCU offers a wide variety of savings accounts. They also offer health savings accounts and kids’ accounts. First Checking and Start-Up accounts can earn interest, but don’t have a minimum balance requirement. You can open these accounts online and receive an instant quote. All you have to do is fill out an application to apply.
