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  Ent Credit Union My Savings Starter Certificate
Ent Credit Union My Savings Starter Certificate
in CD Accounts from Ent Credit Union · Insured by NCUA
Unaffiliated

Ent Credit Union My Savings Starter Certificate

Unaffiliated
in CD Accounts from Ent Credit Union · Insured by NCUA
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Highlights
APY (Annual Percentage Yield) 0.24%
Minimum Opening Deposit Starting at $25
Certificate Term
  • 6 months
  • 9 months
  • 11 months
  • 12 months

Ent Credit Union My Savings Starter Certificate Review

Ent Credit Union My Savings Starter Certificate are offered by Ent Credit Union, a credit union founded in 1957 and based in Colorado Springs, CO. Ent Credit Union My Savings Starter Certificate are available in 1 state across the USA.

Key Takeaways

  • Only one share certificate type available. Ent Credit Union CD only offers traditional share certificate accounts.
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.24%, which is much higher than the national average for a certificate account.
  • Small minimum initial deposit. You only need $25 to open an account.
  • Wide selection of certificate terms. Ent Credit Union CD allows you to create a certificate 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 Ent Credit Union My Savings Starter Certificate

Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.

Ent Credit Union My Savings Starter Certificate FAQ

Are share certificates from Ent Credit Union federally insured?

Yes, your share certificates are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What is the difference between CDs and Share Certificates?

Certificates of Deposit (CDs) and Share Certificates are both deposit accounts where your money can grow at a fixed rate for a predetermined period of time. Both are low-risk and federally insured products designed to give you a better rate on your deposits than typical savings accounts. The main difference between them is that CDs are offered by for-profit banks, whereas Share Certificates are offered by member-owned, not-for-profit credit unions.

What types of share certificates does Ent Credit Union offer?

Ent Credit Union CD provides the following types of share certificates.
  • Traditional share certificates. These share certificates pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the share certificate for another term.

What rates does Ent Credit Union offer on its share certificates?

The share certificate rates for this account have an APY of0.24% (APY stands for annual percentage yield, rates may change).

What terms does Ent Credit Union CD offer?

Ent Credit Union offers share certificate terms of the following lengths:
Ent Credit Union My Savings Starter Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 0.24%
6-Month APY 0.24%
11-Month APY 0.24%
12-Month APY 0.24%

What is the minimum deposit to open a share certificate account with Ent Credit Union?

Ent Credit Union CD require a minimum deposit of $25 to open an account.

What is the grace period for Ent Credit Union CD?

There is a 6-day grace period for Ent Credit Union CD. A grace period is a period of time during which you can withdraw the money in your share certificate without paying an early withdrawal penalty. A grace period starts the day after a share certificate’s maturity date, or the final day a share certificate is opened. Standard share certificates renew automatically at the same term if you don't withdraw your money after the 6-day grace period. Note that the new share certificate rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Ent Credit Union charge?

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

Ent Credit Union does not charge an early withdrawal fee.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday 9:00am - 2:00pm

Other Services by Ent Credit Union

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View all cd accounts offered by Ent Credit Union

Availability

  Available in 1 state
Colorado
Availabile in all of Colorado

Feature Breakdown

Minimum Opening Deposit Starting at $25
APY (Annual Percentage Yield) 0.24%
6-Month APY 0.24%
11-Month APY 0.24%
12-Month APY 0.24%
Certificate Term
  • 6 months
  • 9 months
  • 11 months
  • 12 months
CD Accounts Traditional
Grace Period for Account Changes 6 days

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