Certificate Rate and Fee Schedule

855.855.8805 | firsttechfed.com

Effective date: September 1, 2015


This Rate Schedule sets forth certain conditions, rates, fees and charges applicable to your certificate accounts at the Credit Union at this time. The Credit Union may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate and Fee Schedule and acknowledges that it is in addition to the Membership and Account Agreement.

  Certificate and IRA Certificate Accounts

Minimum Opening Deposit




Dividend Compounded

Monthly and at Maturity

Dividend Credited

Monthly and at Maturity


Dividend Rate


Annual Percentage


Yield (APY)



















13-Month Bump Up***




















Subsequent Deposits

Not Allowed (with the exception of Bump Up and


IRA Certificates)







  • We may assess the following fees against your account. The following transaction limitations, if any, apply to your account.
  • Account activity printout$1.00
  • Account balancing assistance$25.00 per hour
  • Account research$25.00 per hour
  • American Express check dispensing machine1%
  • ATM cash withdrawal or inquiry from non-proprietary ATMs in excess of six during a month
  • (does not apply to Dividend Rewards Checking)$2.00
  • ATM deposit adjustment$5.00
  • Cashier’s checkFree
  • Check orders and re-orders(fee depends on style and quantity ordered)
  • Check copy$1.00
  • Deposit verificationFree
  • Fed Ex Overnight$20.00
  • First Checking “Plus” account if $500.00 minimum average daily balance is not maintained$7.50 per month
  • (not available for new accounts)
  • Foreign item fee$15.00
  • Legal actions, garnishments, executions or levies$25.00
  • Nonsufficient funds*$28.00
  • Online BillPay expedited payment$15.00
  • Overdraft*$28.00
  • Payment or deposit over the telephone from non-First Tech debit or credit card$10.00
  • Returned deposited item$10.00
  • Safe deposit box
  • 3 x 5$23.00
  • 3 x 10$45.00
  • 5 x 5$46.00
  • 5 x 10$58.00
  • 10 x 10$97.00
  • Box drilling$200.00
  • Lock change$10.00
  • Key deposit$16.00
  • Specialized letters$25.00
  • Statement copy (prior to most recent)$1.00
  • Stop payments (each check, BillPay, ACH, cashier’s check)$20.00
  • Temporary checkFree
  • International transaction fee (applies to debit and ATM transactions outside of the U.S1% of purchase amount
  • Wire transfer (domestic outgoing)$15.00
  • Wire transfer (foreign outgoing)$40.00
  • * This fee applies to the following categories of transactions: share draft, check, ACH or other electronic means.

Certificate Accounts | IRA/Roth/Coverdell Certificate Accounts | 13-Month Bump Up Certificate Account
Rate Information. The dividend rate and annual percentage yield may change at any time as we determine.

Compounding and crediting. We’ll compound and credit your dividends monthly.

Dividend period. For these account types, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same date pattern. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

Minimum balance requirements. We list the minimum balance required to open an account on our rate sheets.

Daily balance computation method. We calculate dividends using the daily balance method, which applies a daily periodic rate to your daily account balance.

Accrual of dividends on noncash deposits. Dividends will begin to accrue on the business day you deposit non-cash items (for examplea, checks) to your account.

Bylaw requirements. You must complete payment of one share in your Membership Savings account as a condition of your membership.

Nature of dividends. We pay dividends from current income and available earnings after reserve transfers at the end of a dividend period.
This disclosure further explains the dividend feature of your non-term share account(s).

CERTIFICATE (6, 12, 13-Month Bump-Up*, 24, 36 and 60 Month Accounts)

Minimum balance requirements. The minimum balance required to open this account is $500.00.

Transaction limitations. After you open your account, you may not make additions into your account until the maturity date stated on the account (except as noted in the “Bump-Up Option Plan” section).

Rate Information. We list the dividend rate and annual percentage yield on your certificate account receipt and our business certificate rate sheet.We’ll pay you this rate until first maturity (except as noted in the “Bump-Up Option Plan” section).

Please refer to our separate rate sheet for current dividend rate and annual percentage yield information or our separate fee schedule for additional information about charges.

Time requirements. Your account will mature on the date listed on your certificate account receipt and your monthly statement.

Early withdrawal penalties. We may impose a penalty for withdrawals before maturity):
  •  If your account has an original maturity of one year or less, your penalty will equal the lesser of 90 days’ dividends or the accrued dividends on the amount withdrawn, subject to penalty.
  •  If your account has an original maturity of more than one year, your penalty will equal the lesser of 180 days dividends or the accrued dividends on the amount withdrawn, subject to penalty.
Exceptions to Early Withdrawal Penalties:
  1.  At our option, we may pay the account before maturity without imposing an early withdrawal penalty when an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
  2.  Where the account is an Individual Retirement Account (IRA) and the depositor withdraws any portion within (7) days after establishment; provided that the depositor forfeits an amount at least equal to the simple dividends earned on the amount withdrawn.
  3. Where the account is a Traditional IRA and a withdrawal is set up to occur under a planned distribution program and the owner has attained the age 59-1/2, or if the owner makes the withdrawal as the IRA holder’s Required Minimum Distribution as required by the IRS.
  Withdrawal of dividends prior to maturity. We base the annual percentage yield on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.

Automatically renewable account. This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, dividends will not accrue after final maturity.

Renewal term. Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account.

Grace period. You’ll have a ten calendar day grace period after maturity to withdraw the funds before we’ll charge an early withdrawal penalty.You’re also able to make additional deposits to the account  during the grace period.

*Bump-Up Option Plan and Rate Information (variable rate account). If your account has the bump-up rate feature, we list the dividend rate and annual percentage yield of your bump-up certificate  account on your certificate account receipt.
You have the option during each account term to exchange this dividend rate for a new dividend rate. The new dividend rate will be the dividend rate we’re offering then on term share accounts or the amount of this account (or less) with the same term (or shorter) as that remaining on this account at the time of the exchange. This exchange will be at no cost to you. If you make an exchange, the account maturity date will remain the same as originally scheduled.You may exercise this option only once during each term (the original term and each renewal term).

*13-Month Bump-Up Certificate Account. You may make one additional deposit during your term. The maximum amount you can deposit is up to the original amount of the certificate at the start of the  current term.

You may make principal withdrawals from your account before maturity.

Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.

You can only withdraw dividends credited in the term before maturity of that term without penalty.

You can withdraw dividends anytime during the term after we’ve credited them to your account.

As required by Federal Reserve Regulation D, you may not make more than six withdrawals or transfers to another credit union account of yours, or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction during any statement period.

National Credit Union Share Insurance Fund. Your credit union accounts are federally insured by the National Credit Union Share Insurance Fund.
© 1993 Wolters Kluwer Financial Services – Bankers Systems™ Form TIS-BRO-CU 12/14/93 Custom 4q 2788429-010