4.15% 50-Month Add-On CD at Ent Federal Credit Union in Colorado

Ent Federal Credit Union is offering a special 4.15% APY 50-month certificate. Minimum deposit is $5,000. The rate is listed on the credit union's promotion page as of 1/18/2009.

This special CD is called a Priority Certificate, and it has three nice features:

• option to add to your certificate with a deposit of $1,000 or more within the first year
• ability to make a one-time withdrawal of up to 50% of your balance without a credit union penalty
• option to change your rate once during the term

The yield of 4.15% is competitive, but the add-on feature and the early withdrawal feature make this a much hotter deal. If the economy worsens and interest rates keep falling, it may be hard to find a 3% CD by the end of the year. If that's the case, you'll be able to add to this CD.

Ent had a couple of 6% CD promotions in 2006. My last post on Ent was in July 2008 when it was offering a 4.25% 7-month CD. So it has a history of high CD rates.

Membership is open to those who live, work, worship or attend school in Denver, El Paso or Pueblo counties. For the full details please refer to the credit union's Membership Page. Membership requires a minimum initial deposit of $35 to their savings account.

Branches are located in several Colorado cities including Denver, Colorado Springs, Aurora, Fountain, Peyton and Woodland Park.

Ent Federal Credit Union has some strong ratings for soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/08 data. The credit union is federally insured by the NCUA (Charter # 11570).

Tags: Colorado, CD rates