Credit union · NCUA insured
First Tech Federal Credit Union Carrot Score
A $28.6B credit union, the 6th largest of 4,329, headquartered in San Jose, CA, with 1.87 million members and 56 branches in 8 states.
First Tech Federal Credit Union Carrot Score
79
Carrot Score
Higher than 48% of U.S. banks and credit unions
- CDs72
- Savings70
- Auto loans83
- Credit cards80
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where First Tech Federal Credit Union ranks
By Carrot score, in each area where it has branches
- #66 of 141Boston-Cambridge-Newton, MA-NH metro13
- #27 of 62Seattle-Tacoma-Bellevue, WA metro8
- #20 of 56Portland-Vancouver-Hillsboro, OR-WA metro7
- #19 of 41Worcester, MA metro6
- #8 of 23Manchester-Nashua, NH metro4
- #18 of 39San Jose-Sunnyvale-Santa Clara, CA metro3
And 19 more areas
- #18 of 35Sacramento-Roseville-Folsom, CA metro2
- #9 of 23Salem, OR metro2
- #7 of 21Eugene-Springfield, OR metro2
- #7 of 16Santa Rosa-Petaluma, CA metro2
- #68 of 107Houston-Pasadena-The Woodlands, TX metro1
- #33 of 64Denver-Aurora-Centennial, CO metro1
- #12 of 35Boise City, ID metro1
- #17 of 35San Diego-Chula Vista-Carlsbad, CA metro1
- #11 of 28Fort Collins-Loveland, CO metro1
- #6 of 24Boulder, CO metro1
- #5 of 13Corvallis, OR metro1
- #87 of 192Massachusetts19
- #32 of 76Oregon11
- #49 of 108Washington9
- #151 of 271California8
- #17 of 47New Hampshire4
- #52 of 103Colorado3
- #211 of 375Texas1
- #24 of 50Idaho1
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
72beats 31% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 3.25% | 39% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 3.50% | 39% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 3.15% | 41% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 3.25% | 56% | 3.05% | 3.65% | 4.07% |
| Qualified | 3.50% | 26% | 3.85% | 4.15% | 4.35% |
Best rates 48.6 · all terms 40.0 → 45.2 → 72
Savings
70beats 27% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 0.01% | 2% | 0.20% | 0.50% | 1.51% |
| $10,000 | 0.01% | 1% | 0.50% | 1.15% | 2.20% |
| $100,000 | 0.01% | 0% | 1.00% | 2.01% | 2.93% |
| Qualified | 3.00%counts as 1.51% | 79% | 0.60% | 1.31% | 2.43% |
Best rates 39.7 · all balances 16.5 → 30.4 → 70
Auto loans
83top 38% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 4.99% | 59% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 4.99% | 71% | 5.39% | 4.99% | 4.49% |
Best rates 71.3 · all vehicles 65.2 → 68.8 → 83
Credit cards
80top 47% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 10.74% | 53% | 10.90% | 9.90% | 8.90% |
Best rates 53.3 · all rates 53.3 → 53.3 → 80
Where the score could improve
- Credit cards, Purchase APR9.90%10.74% today, lower than 53% of U.S. institutions. 9.90% would reach the top quarter; 8.90% the top 10%.
- Auto loans, New vehicle4.74%4.99% today, lower than 59% of U.S. institutions. 4.74% would reach the top quarter; 4.25% the top 10%.
- Auto loans, Used vehicle4.99%4.99% today, lower than 71% of U.S. institutions. 4.99% would reach the top quarter; 4.49% the top 10%.
- To score in the 90s3.83%At least one product needs a rate near the best in the country, like 3.83% or more on a 9-15 month CD (3.50% today), and strong rates on its other terms.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How First Tech Federal Credit Union got its score
Its products stand at 68.8 for auto loans, 53.3 for credit cards, 45.2 for CDs and 30.4 for savings, out of 100. Its best two, auto loans and credit cards, average 61.1. Publishing four products adds 3.0, for 64.1. That puts it ahead of 48% of U.S. banks and credit unions: a Carrot Score of 79.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.