Recently, the financial service industry has observed an increase in fraudulent attempts to access
an individual's account data through phishing. UFirst will never ask you for your account
credentials or PIN. If you receive a suspicious call, email or text message, please contact 801-481-8800. For more
information on protecting yourself from fraud, click here.
A High Yield Savings Account for Serious Investors
Making smart decisions with your money can change your future. That's why we want to help you make
stronger investments, earn higher returns and safely grow your wealth. With a high yield Prime Money Market
account, you can earn high dividends to rapidly build your savings while maintaining easy access to your
Like a standard Money Market account, Prime Money Markets enable you to earn higher dividends on the money you
save while retaining constant access to your cash. Unlike a traditional Money Market account, however, a Prime
Money Market account offers an interest rate that fluctuates with the WSJ prime rate and pays considerably
higher dividends. This means you can earn more money on the money you save.
Benefits of a Prime Money Market Account
A UFirst Credit Union Prime Money Market account includes strong benefits that can help you build wealth safely
Your investment is protected by the NCUA
Flexible savings so you can move money in or out at any time
No fees for maintenance, transfers or withdrawals
High payout rate of WSJ prime minus 3.25 points
Rate moves with WSJ prime rate so there is no need to constantly manage your deposit
Qualifying for a UFirst Credit Union Prime Money Market Account requires membership application and a $20,000
deposit of new money. If you don’t have $20,000 to start a new account, you can still benefit from a traditional
Money Market account. You can learn more about other Money Market savings
*The Prime Money Market Rate adjusts with the Wall Street Journal Prime Rate, and may take effect when
the WSJ rate changes or at the first of the following month. Prime Money Market rate is tied to Prime rate
minus 3.25%, and was last updated on 5/01/2022. The Prime Money Market floor rate is 0.30% APR for share
balances of $20,000 or more. For Prime Money Market share balances under $20,000, regular money market
rates & APY apply. A minimum opening deposit of $20,000 that has not previously been held at UFirst is
required to open a Prime Money Market share. Must qualify for membership. Opening an account with UFirst
requires a $10 minimum deposit which must be maintained in the Primary Savings. Must have valid SSN/ITIN to
join. Participants may need to visit a branch to complete or sign documents. For more information contact
UFirst Credit Union at 801-481-8800. Interest earned is treated as interest and will be reported to you on
IRS Form 1099-INT. Federally insured by NCUA.
The credit score required to qualify for an auto loan is relative to the lender. On average, the borrower needs a score in the low 700s for a new car loan and mid-600s for a used car loan.
A borrower's credit history tells the lender whether or not they are high or low risk. When getting approved for an auto loan, most financial institutions will look at the borrower’s industry-specific auto FICO® Score3, along with their base FICO® Score from the three consumer credit reporting bureaus: Equifax, Experian and TransUnion.
This credit score also determines the borrower’s interest rate on the loan. Typically, to get an interest rate between 0–2% on new car loans, the lender will require a credit score of 700 or higher. Reversely, if a borrower finds themselves with a credit score in the mid-600s or low 500s to low 600s, they may expect a lender to give an interest rate three to five times higher (between 10–24%) than those with good or excellent credit.
You can check your FICO® Score for free on our free mobile app, UFirst.
Refinancing your auto loan is a great and easy way to save money on your car payments and to lower the interest rate on your auto loan.
In order to refinance your auto loan, you’ll need to gather the right information and documents. All the necessary information would be the car mileage, VIN number, current car loan numbers, driver’s license, and income verification. After gathering this information, you can refinance your loan with the same lender or with a different financial institution.
After applying, the bank or credit union will check your credit history and let you know if you qualify for a lower interest rate. After approval, the bank or credit union will work with you to set your new loan term to a lower monthly car payment.