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  Comenity Direct Certificate of Deposit

Comenity Direct Certificate of Deposit

in CD Accounts from Comenity · fdic

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Comenity Direct Certificate of Deposit

Unaffiliated

in CD Accounts from Comenity · Member FDIC

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Highlights
Minimum Opening Deposit Starting at $1,500
Certificate Term
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.63% - 0.9%

Comenity Direct Certificate of Deposit Review

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

Key Takeaways
  • Only one CD account type available. Comenity Direct Certificate of Deposit only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.9%, which is much higher than the national average for a CD account.
  • $1,500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Comenity Direct Certificate of Deposit allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Comenity Direct Certificate of Deposit
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Comenity Direct Certificate of Deposit FAQ

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?

Comenity Direct Certificate of Deposit provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Comenity offer on its CDs?

Comenity Direct Certificate of Deposit offers an APY starting at 0.63% and ranging up to 0.9%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Comenity Direct Certificate of Deposit offer?

Comenity offers CD terms of the following lengths:
Comenity Direct Certificate of Deposit Rates & Terms
Description
2-Year APY 0.75%
3-Year APY 0.85%
4-Year APY 0.85%
5-Year APY 0.9%
12-Month APY 0.63%
APY (Annual Percentage Yield) 0.63% - 0.9%

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

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

What is the grace period for Comenity Direct Certificate of Deposit?

Comenity Direct Certificate of Deposit does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Comenity Direct Certificate of Deposit charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Comenity does not charge an early withdrawal fee.

Comenity Direct Certificate of Deposit Fees
Description
Annual Fee $0
Transfer Fee $25
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Contact

Hours of Operation

  • Sunday 9:00am - 5:00pm
  • Monday 7:00am - 11:00pm
  • Tuesday 7:00am - 11:00pm
  • Wednesday 7:00am - 11:00pm
  • Thursday 7:00am - 11:00pm
  • Friday 7:00am - 11:00pm
  • Saturday 9:00am - 5:00pm

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Annual Fee $0
Transfer Fee $25
Minimum Opening Deposit Starting at $1,500
2-Year APY 0.75%
3-Year APY 0.85%
4-Year APY 0.85%
5-Year APY 0.9%
12-Month APY 0.63%
APY (Annual Percentage Yield) 0.63% - 0.9%
CD Accounts Traditional
Certificate Term
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

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