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  ESL Federal Credit Union Call Certificate

ESL Federal Credit Union Call Certificate

in CD Accounts from ESL Federal Credit Union · ncua

Unaffiliated

ESL Federal Credit Union Call Certificate

Unaffiliated

in CD Accounts from ESL Federal Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 2 years
  • 5 years
APY (Annual Percentage Yield) 0.15% - 0.20%

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.

Key Takeaways
  • 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.
Pros & Cons of ESL Federal Credit Union Call Certificate
Pros Cons
  • Insured by NCUA.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • Poor selection of certificate terms.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
ESL Federal Credit Union Call Certificate FAQ

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?

ESL call certificate 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.
  • 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 terms does ESL call certificate offer?

ESL Federal Credit Union offers CD terms of the following lengths:
ESL Federal Credit Union Call Certificate Rates & Terms
Description
2-Year APY 0.15%
5-Year APY 0.20%
APY (Annual Percentage Yield) 0.15% - 0.20%

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.

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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.

Availability

  Available in 1 state
New York
Availabile in all of New York

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.15%
5-Year APY 0.20%
APY (Annual Percentage Yield) 0.15% - 0.20%
CD Accounts Callable
Grace Period for Account Changes 7 days
Certificate Term
  • 2 years
  • 5 years

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