Ent Credit Union Certificate

Ent Credit Union Certificate Review

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

Key Takeaways

• Only one CD account type available. Ent Certificate of Deposit only offers traditional CD accounts.
• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.19%, 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 Certificate of Deposit 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 Certificate

Ent Credit Union Certificate FAQ

Are CDs from Ent Credit Union federally insured?

Yes, your Ent Credit Union CD accounts 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 types of CDs does Ent Credit Union offer?

• Traditional CDs. These CDs 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 CD for another term.

What CD rates does Ent Credit Union offer on its CDs?

Ent Certificate of Deposit offers an APY starting at 0.29% and ranging up to 1.19%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

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

Ent Certificate of Deposit requires a minimum deposit of $25 to open an account.

What is the grace period for Ent Certificate of Deposit?

There is a 6-day grace period for Ent Certificate of Deposit. 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 6-day 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 Ent 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.

Ent Credit Union does not charge an early withdrawal fee.