First Trade Union Bank
First Trade Union Bank is a small bank headquartered in Boston, MA. The bank operates 6 branches in 3 states (Massachusetts, New York and Rhode Island). First Trade Union Bank has deposits of $623.9 million, and was established in August 1987.
This bank is FDIC insured - all deposits are protected for up to $250,000. Products offered by the bank include: FTU CD, FTU IRA, Step Up CD, Retail Money Market, High and Mighty Savings and Passbook Savings.
Current First Trade Union Bank Rates
| Name | Term | APY | Min Deposit | |
| FTU CD | 3 months | 0.20 % | $1,000 | |
| 5 months | 0.20 % | $1,000 | ||
| 6 months | 0.25 % | $1,000 | ||
| 9 months | 0.25 % | $1,000 | ||
| 1 year | 0.35 % | $500 | ||
| 13 months | 0.35 % | $500 | ||
| 15 months | 0.35 % | $500 | ||
| 18 months | 0.65 % | $500 | ||
| 2 years | 0.75 % | $500 | ||
| 30 months | 0.75 % | $500 | ||
| 3 years | 1.00 % | $500 | ||
| 4 years | 1.20 % | $500 | ||
| 5 years | 1.35 % | $500 | ||
| FTU IRA | 6 months | 0.25 % | $1,000 | |
| 1 year | 0.30 % | $500 | ||
| 18 months | 0.75 % | $500 | ||
| 2 years | 0.65 % | $500 | ||
| 30 months | 0.70 % | $500 | ||
| 3 years | 0.90 % | $500 | ||
| 4 years | 1.00 % | $500 | ||
| 5 years | 1.25 % | $500 | ||
| Step Up CD | 15 months | 0.30 % | $500 |
About First Trade Union Bank
First Trade Union Bank, a leader in community banking, was founded in 1987 by the Massachusetts Carpenters Combined Pension and Annuity Funds (The Funds). In 2006, the Empire State Carpenters’ Pension Fund invested in the Bank as an equity partner. We are a growing institution that currently serves as the trusted advisor to a broad range of clients.
With assets at over $752 million, First Trade Union Bank is a well-capitalized, community bank offering a full complement of business and consumer products and services. Founded in 1987, we have a long standing reputation for serving middle market, small business, unions and government entities as our core clients. The Bank is headquartered in Boston and has offices in Massachusetts, New York and Rhode Island.
We have received the highest quality rating, Green/***, for our strength and stability in the industry from Veribanc Inc., a bank rating agency headquartered in Woonsocket, Rhode Island. These ratings are for the quarters ending June 30, 1997 through March 31, 2009.