ESL Federal Credit Union Certificate

ESL Federal Credit Union Certificate Review

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

• Very high APY. This account offers an annual percentage yield of up to 0.40%, which is much higher than the national average for a CD account.
• $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
• Wide selection of CD terms. ESL Certificate 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.

Are cd accounts from ESL Federal Credit Union federally insured?

No, your ESL Federal Credit Union cd accounts are not insured by a federal insurance agency. This means that if ESL Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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.

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

ESL Certificate offers an APY starting at 0.05% and ranging up to 0.40%. 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 Certificate requires a minimum deposit of $500 to open an account.

What is the grace period for ESL Certificate?

There is a 7-day grace period for ESL 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 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.