Ardent Credit Union (PA) Has 13-Month No-Penalty CD, 2.35% APY
Ardent Credit Union (Ardent) is currently offering a 13-month No-Penalty CD, earning 2.35% APY. The minimum opening deposit is $100 of new money (funds on deposit at Ardent for 30 days or less) and is capped at $500k. There’s also a limit of one CD per membership.
The 13-month No-Penalty CD is also offered as an IRA CD (Traditional, Roth), earning the same APY with the same funding requirements.
As stated in the fine print on the Rates page,
100% of the CD/IRA CD balance may be withdrawn with no penalty during the term.
Since partial withdrawals are not permitted, there is no stated Early Withdrawal Penalty for the 13-month No-Penalty CD.
Whether you choose to close the No-Penalty early or access the funds following maturity, there are two options to access your funds: a check sent to the address on record or a transfer to an existing Ardent checking or savings account.
Availability
Headquartered in Philadelphia, Ardent Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, attend school, or volunteer in the southeast Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, or Philadelphia, eligible to join.
Relatives of current Ardent CU members also qualify for membership. In this instance, relatives are defined as “parent, sibling, grandparent, spouse, child, grandchild, stepparent, stepchild or stepsibling.” Household members (any person sharing a residence as part of a single-family unit) are also eligible for membership.
Joining Ardent and/or opening a No-Penalty CD can be done online, or at any of seven Pennsylvania branches located in Blue Bell, Collegeville, Philadelphia (4), and Phoenixville. Note: access to two of the branch locations (the Philadelphia Navy Yard and Collegeville) is restricted to GSK employees only.
All Memberships are required to have an open Ardent Savings account
with a minimum balance of $5.00 to be a member in good standing.
If you’re considering joining by visiting a branch, the Membership Application is available for download.
Ardent members have access to more than 3,500 Shared Branches and 30,000 fee-free CO-OP ATMs.
We are part of a great Shared Branch community. With locations
everywhere you can always stay part of the Ardent Credit Union family.
Credit Union Overview
Ardent Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 3.37% (excellent), based on March 31, 2019 data. In the past year, Ardent has increased its total non-brokered deposits by $42.54 million, an excellent annual growth rate of 7.47%. Please refer to our financial overview of Ardent Credit Union (NCUA Charter # 22637) for more details.
Ardent Credit Union was established in 1977 as the Sb1 Federal Credit Union for the benefit of GlaxoSmithKline employees. Ardent is currently Pennsylvania’s 13th largest credit union, with more than 34,700 members and assets in excess of $693 million. The Arden re-brand occurred three years ago, and according to a May 2016 CU Insight press release,
”Ardent is a name that’s about passion”, says Rob Werner, President/CEO of Sb1 Federal
Credit Union. “It reflects our spirit and drive to serve our members and connects us to our
proud Philadelphia roots. The name Ardent stands for everything banking should be—passionate, caring, and intensely devoted to the people we serve.
How the No-Penalty CD Compares
DA’s Best No Penalty CD Rates post keeps track of the nationally available No-Penalty CDs. When compared to the similar length-of-term No-Penalty CDs tracked by DepositAccounts.com, which require a similar minimum deposit ($10k or less) and are available within the FOM, Ardent Credit Union's 13-month No-Penalty CD APY currently shares the top spot with Marcus by Goldman Sachs 13-month No-Penalty CD APY.
The above rates are accurate as of 8/7/2019.
Searching for the best CD rates, either nationwide or state-specific? Please refer to our CD Rates Table page.
