Comenity Certificate of Deposit Review

Comenity Certificate of Deposit is offered by Comenity, a bank founded in 2003 and based in Draper, UT. Comenity Certificate of Deposit is available in 50 states (and Washington, DC).

Are cd accounts from Comenity federally insured?

Yes, your Comenity cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57570). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Comenity offer?

• Traditional

What APY does Comenity offer on its CDs?

Comenity Certificate of Deposit offers an APY starting at 0.63% and ranging up to 0.9% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with Comenity?

Comenity Certificate of Deposit requires a minimum initial deposit of $1,500 to open an account.

What types of early withdrawal penalties does Comenity Certificate of Deposit charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Comenity does not charge an early withdrawal fee.