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Routing #321180379
First Tech Rewards

It’s time to earn more rewards.

Meet the First Tech Rewards Checking and Savings.

Earn higher Annual Percentage Yields (APY)APY = Annual Percentage Yield. Rates effective as of 02.01.2022 and are subject to change at any time. Membership Savings has a 0.05% APY. First Tech Rewards Checking (FTRC) Qualified APY is 0.75% on the first $15,000 and 0.10% on remaining balance; FTRC Non-Qualified APY is 0.01% on all balances. Terms and conditions apply. and up to 4x the rewardsMaximum rebate total is $660 per year. As of 8.31.2021, calculated average rebate total for First Tech Rewards Checking is $282 per year; calculated average rebate total for Dividend Rewards Checking is $74 per year. Rebate determination is based on accounts meeting monthly qualifications for twelve consecutive months and earning rebates each month in all available categories for the specific product. Actual rebates may differ and are based on utilization of accounts. on loan and credit card payments on First Tech Rewards Checking and Savings accounts Membership is required and subject to approval.

Truth in Savings Disclosure for First Tech Rewards Checking and Savings Accounts

Section I. Payment of Dividends

1. Nature of Dividends: The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the Federal Credit Union Act, and relevant laws (including the Truth-in-Savings Act and Regulations). Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.

2. Rate Information: For all dividend bearing accounts, the dividend rate and Annual Percentage Yield (“APY”) may change daily as determined by the Credit Union’s Board of Directors. Please refer to the Rate Sheet provided in addition to this Truth in Savings Disclosure for additional information, including the dividend rate and APY. You may also obtain current rate information by calling the Credit Union or visiting our website.

3. Minimum Balance Requirements: We list the minimum balance required to open an account on our Rate Sheet.

4. Compounding and Crediting for All Accounts: For all dividend bearing accounts, dividends will be compounded monthly and will be credited monthly. For these accounts, 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 pattern of dates. The dividend declaration date is the ending date of a dividend period, and for this example is January 31. If you close any of your dividend earning accounts before dividends are credited you will not receive the accrued dividends.

5. Fees and Charges: Please refer to the Fee Schedule provided in addition to this Truth in Savings Disclosure for fees and charges which may be assessed against your account.

6. Balance Computation Method: Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.

7. Accrual of Dividends: Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account if deposited before the close of business.

8. Bylaw Requirements: You must complete payment of one share in your Membership Savings Account, in accordance with the Membership and Account Agreement, as a condition of your membership.



Section II. Terms and Conditions Applicable to First Tech Rewards Checking Accounts

1. Limit: You are limited to one (1) First Tech Rewards Checking Account or one (1) Dividend Rewards Checking Account per primary account owner.

2. Eligibility: Account must be a personal account. Trust, Business, and Organization accounts are not eligible.

3. Rate Information: The First Tech Rewards Checking Account is a tiered rate account. The dividend rate and corresponding annual percentage yield (APY) will be either the qualified or non-qualified rate, as determined by the qualification requirements per monthly cycle (listed below). If qualifications are met, the dividend rate and APY specified for a tier will apply only to the portion of the account balance that is within the tier. The dividend rates and range of APY(s) may vary depending on account balance and are listed for each tier in our Rate Sheet.

a. Failure to Qualify: If you don’t meet the requirements for a qualification period, you’ll earn the non-qualified rate and corresponding APY.

4. Qualification Requirements Per Monthly Cycle: In order to qualify, you must meet all of the following qualification requirements:

a. Have a combined total of at least twenty (20) qualifying transactions with an aggregate spend of at least $500 per month posted to the applicable accounts. Qualifying transactions include:

i. Posted debit card purchases to the First Tech Rewards Checking account. 

ii. Posted credit card purchases on a First Tech credit card account. Credit card purchases must be made on a First Tech credit card account with the same primary account owner as the First Tech Rewards Checking account.

b. Have ACH deposits and/or withdrawals totaling at least $1,000 per cycle (either multiple aggregate ACHs equal to $1,000 or one $1,000 ACH) to the First Tech Rewards Checking account.

c. Enrollment in electronic statements and notices for the primary account owner.

All qualification requirements must be completed and posted to your account prior to the last day of the month. For example, the last day of January is January 31. At least twenty (20) debit and/or credit card purchases must post to your account by January 30 for purposes of this example. Keep in mind that debit and/or credit card purchases can take several days to post and depend on merchant processing times.

5. Rebates: The following rebates will be credited to the First Tech Rewards Checking account if the qualification requirements are met for the monthly cycle in which the transaction posted. The offered rebates may change at any time, as determined by the Credit Union’s Board of Directors. Rebates will be posted within 3 business days after the end of the month.

a. Reimbursement of any out-of-network U.S. ATM fees, up to a maximum of $15 per month

b. 0.25% cash back on minimum scheduled payment amount made from another First Tech account to your First Tech consumer loan(s) and/or HELOC, up to a maximum of $15 per month. Primary account owner of the First Tech Rewards Checking account must be listed as primary borrower on the First Tech consumer loan(s) or home equity line of credit (HELOC). Regular payments to credit cards, closed-end mortgages, and commercial loan products are not eligible for this product offering and do not qualify for the above mentioned cash back rebates. Prepayments, late payments, and payoffs not included. Loans must be in good standing (active, current, not delinquent).

c. 0.50% cash back on all posted credit card purchases made on your First Tech credit card account, up to a maximum of $15 per month. Credit card purchases must be made on a First Tech credit card account with the same primary account owner as the First Tech Rewards Checking account.

d. Reimbursement of monthly online streaming subscription services charged to your First Tech credit card account, up to a maximum of $10 per month.

i. Merchant category codes that qualify for the reimbursement of online streaming subscriptions include: 4899 - Cable, Satellite, and Other Pay Television and Radio Services; 5735 - Record Shops; and 5968 - Direct Marketing - Continuity/Subscription Merchants.

ii. First Tech does not have the ability to control how a retailer chooses to classify their business and therefore reserves the right to determine which purchases qualify. Merchants who accept Mastercard® credit cards are assigned a merchant code which is determined by the merchant or its processor in accordance with Mastercard® procedures based on the kinds of products and services they primarily sell. First Tech groups similar merchant codes into categories for purposes of making offers to you. Please note that First Tech makes every effort to include all relevant merchant codes in our categories. However, even though a merchant or some of the items that it sells may appear to fit within a category, the merchant may not have a merchant code in that category.

iii. Credit card purchases must be made on a First Tech credit card account with the same primary account owner as the First Tech Rewards Checking account.

6. Opening this checking account does not guarantee approvals on loan accounts. Lending qualifications still apply.

Section III. Terms and Conditions Applicable to First Tech Rewards Savings Accounts

1. Limit: You are limited to one (1) First Tech Rewards Savings account per primary account owner.

2. Eligibility: Account must be a personal account. Trust, Business, and Organization accounts are not eligible. The First Tech Rewards Savings account requires a corresponding First Tech Rewards Checking account. The primary account owner of the First Tech Rewards Savings account must be the same as that listed on the First Tech Rewards Checking account.

3. Rate Information: The First Tech Rewards Savings is a tiered rate account. The dividend rate and corresponding annual percentage yield (APY) will be either the qualified or non-qualified rate as determined by the First Tech Rewards Checking qualification requirements per monthly cycle (listed above). If the qualifications are met, the First Tech Rewards Savings dividend rate and APY specified for a tier will apply only to the portion of the account balance that is within that tier. The dividend rates and range of APY(s) may vary depending on account balance and are listed for each tier in our Rate Sheet.

a. Failure to Qualify: If you don’t meet the requirements for a qualification period, you’ll earn the non-qualified rate and corresponding APY.

4. Transaction Limitations: Withdrawals or transfers out of your Share Savings accounts are limited. On all Share Savings accounts, we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response or online banking transfers to another of your accounts or to the account of any other person or organization during each statement period.

a. The date we use to determine the number of transactions is the date a transaction is posted to your account, rather than the date you initiate the transaction. If you exceed these limitations in any statement period, we can refuse or reverse the transfer, close your account, and charge a fee as stated in the Fee Schedule.

b. Transactions that are not covered by these limitations include: (1) transfers from your account to pay a loan with us; (2) transfers to your other accounts with us or withdrawals (payments directly to you) from the account when such transfers or withdrawals are made by mail, messenger, ATM or in person; and/or (3) withdrawals made by telephone if a check is mailed directly to you.

First Tech Rewards Checking and Savings Product
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First Tech Rewards Checking

Helps you make the most of your money—simply. 

Reap the benefits.


Qualify with

You can get

20 Transactions

Any debit & credit card transactions with minimum monthly spend of $500

and

Monthly direct deposit/ ACH of $1,000+

and

eStatement enrollment

Checking: Rate of 0.75% APY up to $15,000; 0.10% $15,000+

Savings: Rate of 2.00% APY up to $1,000; 0.75% to $25,000; 0.10% $25,000+

ATM: Rebates up to $15 per month

Credit Card: Additional 0.5% cash back up to $15 per month on spending and $10 streaming subscription rebate

Loans & HELOCs: 0.25% cash back on minimum loan payment from other First Tech accounts up to $15 per month

Calculate your rewards.

You'll benefit from:

  • No minimum balance requirements
  • No monthly account maintenance fees
  • Surcharge-free access at nearly 30,000 CO-OP network ATMs nationwide
  • Free checking
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Manage your money when and where you want

  • Access your account online
  • Deposit checks and pay bills with our free Mobile App
  • Visit a branch at nearly 6,000 CO-OP shared branch locations

Peace of mind

  • Real-time fraud monitoring
  • Secure online access
  • Free overdraft transfers from savings or line of credit
  • Chip-and-PIN enabled debit card

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Frequently Asked Questions

There are no monthly maintenance fees with a First Tech Rewards Checking account. You also have surcharge-free access at nearly 30,000 CO-OP Network ATMs nationwide. Please see our Fee Schedule for information on other fees that may be applicable to the account.

Visit the First Tech website to start the application process and open an account.

First Tech Rewards Checking account rates and rewards are dependent on the account balance as long as the monthly account requirements are met. There is no minimum account balance to earn dividends. See the current rate sheet for dividend rate and APY.

First Tech requires no minimum balance for a First Tech Rewards Checking account.

There are three requirements for a First Tech Rewards Checking account:

  • Use your debit and/or credit card for a minimum of 20 purchases per month, with a minimum spend of $500
  • Have ACH deposits and/or withdrawals totaling at least $1,000 per month
  • Enroll in e-Statements

First Tech Rewards Checking is a checking account from First Tech Federal Credit Union that allows you to earn a higher dividend and rebates with greater account utilization.

The First Tech Rewards Checking account is protected by real-time fraud monitoring, secure online access, and chip-and-PIN enabled debit card.
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