United Teletech Financial (NJ) Has Promotional Money Market Rate

POSTED ON BY

Availability: Residents of Monmouth and Ocean Counties, and parts of central Middlesex County, New Jersey.

United Teletech Financial Federal Credit Union (United Teletech Financial) is offering 1.15% APY on its U-Savers Money Market Plus account. The minimum deposit is $100K of new money, with no balance cap.

There is no monthly fee as long as a balance of $1K or greater is maintained.

This is a relatively new product that was introduced in late October 2015; the initial APY was 1.00% and was recently increased to the current 1.15% APY. United Teletech Financial also has a "non-Jumbo" U-Savers Money Market account that has been offered for almost 5 years, and earns much lower APYs (0.10% to 0.30%). I mention this as a cautionary note: attractive promotional rates may not necessarily last long if the institution doesn’t have a history of top rates. Caveat emptor.

Availability

Headquartered in Tinton Falls, New Jersey, United Teletech Financial Federal Credit Union’s field of membership is residency based, with individuals who live, work, worship, attends school or volunteer in all of Monmouth and Ocean Counties, and parts of central Middlesex County, eligible to join.

Joining United Teletech Financial and/or opening a U-Savers Money Market Plus account can be done by visiting any of six New Jersey branches located in Holmdel, Middletown, Morganville, Neptune, North Brunswick, and Tinton Falls, or by requesting an appointment. Currently, United Teletech's online platform can only be used for account management and bill payment services.

Credit Union Overview

United Teletech Financial Federal Credit Union (NCUA Certificate # 18195) has an overall health grade of "C+" at DepositAccounts.com, with a Texas ratio of 28.79% (average) based on September 30, 2015 data. In the past year, United Teletech Financial has increased its total deposits by $1.22 Million, an above average annual growth rate of 0.41%. Please refer to our financial overview of United Teletech Financial Federal Credit Union for more details.

Established in 1967, United Teletech Financial Federal Credit Union was originally chartered for the benefit of Bell Labs employees. As a smaller institution committed to community involvement, United Teletech Financial has actively participated in the Million Dollar Community Challenge, which is a campaign aimed at helping members save at least $1 Million in interest expense, while the Credit Union donates to local charities based on those savings. In the first two years of the Community Challenge, members saved more than $3.6 Million in interest expense, and United Teletech Financial donated more than $31K to local charities.

How the Money Market Account Compares

When compared to the 222 Money Market Accounts tracked by DepositAccounts.com that are available to New Jersey residents, United Teletech's U-Savers Money Market Plus currently ranks second, regardless of minimum deposit.

These rates are accurate as of 1/27/2016.

To look for the best nationwide Money Market rates and the best Money Market rates in your state, please refer to our Money Market rates table or our new Rates Map page.

Comments
4.15% 8-Month CD at a New Jersey CU (United Teletech Financial)
United Teletech Financial FCU is offering a special 4.15% APY 8-month CD. The minimum deposit is $5,000. An United or eUreka! checking account is required to qualify for the CD. Note, both of these checking accounts appear to required direct deposit to avoid monthly fees. This is also available as an IRA CD.

My last report of this credit union was in March when it was offering a 4.50% money market promotion.

Field of membership includes those who live, work, worship or attend school in Monmouth County, Ocean County and parts...



Continue Reading
4.50% Money Market 4-Month Promotion and CD Specials at a New Jersey CU (United Teletech Financial)
Update 4/26/08: This special has ended. Please check with the bank for the latest specials and rates.

United Teletech Financial FCU is offering a money market promotion that guarantees a 4.50% APY on balances of $25,000 and over for 4 months. Initial minimum deposit is $25,000, and this must be money new to the credit union.

I last reported on this credit union in February regarding its special CD rates. The rates have gone down since then, but the specials are still competitive. The special CDs include a 4.25% APY 4-month and...



Continue Reading
4.25% 4-Month / 4.25% 36-Month CD at a Central New Jersey CU (United Teletech Financial).
Update 3/22/08: The CD rates have gone down. Please check the financial institution's website for the latest rates.

Update 3/1/08: The CD rates have fallen. The yields on the 4-month and 36-month CDs have fallen to 4.25% APY. The title has been modified to reflect this change.

United Teletech Financial FCU has several CD specials with competitive rates. One is a 4.75% APY 4-month CD. The minimum deposit is $500. An United or eUreka! checking account is required to qualify for the 4.75%. Note, both of these checking accounts appear to required...



Continue Reading
5.50% 4-Month CD at a New Jersey CU (United Teletech Financial)
United Teletech Financial FCU is offering a CD promotion with a yield of 5.50% APY and a term of 4 months. The minimum deposit is $500. An United or eUreka! checking account is required to qualify for the 5.50%. Note, both of these checking accounts appear to required direct deposit to avoid monthly fees.

I last reported on this credit union in June when it was offering a 5.50% APY for the first 4 months on its money market account.

Field of membership includes those who live, work, worship or attend school...



Continue Reading
5.50% 4-Month Money Market Account Promo at a New Jersey CU (United Teletech Financial)
United Teletech Financial FCU is offering a promotion on its United Money Market Account with an introductory yield of 5.50% APY for the first 4 months. The minimum initial deposit is $25,000, and it must be money new to the credit union. After the intro period, the rate adjusts to the normal tier rates (which are rather low).

Field of membership includes those who live, work, worship or attend school in Monmouth County, Ocean County and parts of central Middlesex County. Membership requires a minimum deposit of $5 into a share...

Continue Reading