ESL Federal Credit Union Call Certificate Review

ESL Federal Credit Union Call Certificate is offered by ESL Federal Credit Union, a credit union founded in 1920 and based in Rochester, NY. ESL Federal Credit Union Call Certificate is available in 1 state across the USA.

• Only one CD account type available. ESL call certificate only offers callable CD accounts.
• Very high APY. This account offers an annual percentage yield of up to 0.20%, which is much higher than the national average for a certificate account.
• $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
• Limited selection of CD terms. ESL call certificate only offers two CD terms. This limits your options when trying to set up a certificate ladder.

Are cd accounts from ESL Federal Credit Union federally insured?

Yes, your ESL Federal 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 ESL Federal Credit Union offer?

• 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.
Callable CDs. A callable CD gives the issuing bank or credit union the option to redeem (call away) early before the date of maturity. These CDs generally pay higher interest rates than traditional CDs.

What CD rates does ESL Federal Credit Union offer on its CDs?

ESL call certificate offers an APY starting at 0.15% and ranging up to 0.20%. 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 ESL Federal Credit Union?

ESL call certificate requires a minimum deposit of $500 to open an account.

What is the grace period for ESL call certificate?

There is a 7-day grace period for ESL call certificate. 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 7-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 ESL call certificate 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.

ESL Federal Credit Union does not charge an early withdrawal fee.