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  ESL Federal Credit Union Certificate
ESL Federal Credit Union Certificate Unaffiliated

ESL Federal Credit Union Certificate

Unaffiliated
Net Recommendation Score -100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

0 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating

Rating not yet determined  

Minimum Opening Deposit Starting at $500
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 6 years
  • 7 years
  • 10 years
APY (Annual Percentage Yield) 0.05% - 0.40%

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.

Key Takeaways
  • 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.
Pros & Cons of ESL Federal Credit Union Certificate
Pros Cons
  • Multiple CD terms available.
  • High-interest yield.
  • Not FDIC-insured.
  • Only available in one state.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
ESL Federal Credit Union Certificate FAQ

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?

ESL 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.

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 terms does ESL Certificate offer?

ESL Federal Credit Union offers CD terms of the following lengths:
ESL Federal Credit Union Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 0.05% - 0.40%
3-Month APY 0.10%
6-Month APY 0.10%
12-Month APY 0.15%
2-Year APY 0.15%
3-Year APY 0.15%
4-Year APY 0.15%
5-Year APY 0.20%
7-Year APY 0.30%

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.

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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
APY (Annual Percentage Yield) 0.05% - 0.40%
3-Month APY 0.10%
6-Month APY 0.10%
12-Month APY 0.15%
2-Year APY 0.15%
3-Year APY 0.15%
4-Year APY 0.15%
5-Year APY 0.20%
7-Year APY 0.30%
CD Accounts
  • Traditional
  • Jumbo
  • IRA
Grace Period for Account Changes 7 days
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 6 years
  • 7 years
  • 10 years

ESL Federal Credit Union Certificate Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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ESL Federal Credit Union CD Accounts

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