Ardent Credit Union (PA) Has 9-Month CD (4.00% APY) Thru 7/3/2019

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Deal Summary: 9-month CD, 4.00% APY, $100 min/$25k max deposit, new money, available through July 3, 2019, only at new Center City Philadelphia branch.

Availability: Residents of Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties, Pennsylvania.

In celebration of its new Center City Philadelphia branch, Ardent Credit Union (Ardent) has a couple of limited-time offers that can only be opened at the Center City branch. Now through July 3, 2019, Ardent is offering a 9-month CD/IRA earning 4.00% APY. The minimum opening deposit is $1k of new money (funds on deposit at Ardent for 30 days or less). The maximum deposit is $25k. There’s also a limit of one CD per membership.

As stated in the fine print on the Center City branch promotion page,

The penalty is equal to the smaller of the following two amounts: dividends since the date of issuance or renewal or an amount equal to 180 days of dividends on the amount withdrawn.

Kasasa Cash $300 Bonus

Ardent is also offering a $300 bonus when a new Kasasa Cash account is opened and the qualifying requirements are met for the first six months following opening. Frankly, the Kasasa Cash’s 1.00% APY on qualifying balances up to $25k isn’t competitive. The bonus will be paid in $50 monthly increments.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.00*%-$25kArdent Credit UnionKasasa Cash
OTHER TIERS: 0.25% $25k+
Rates as of July 16, 2019.

The monthly qualifying requirements are:

  • At least eight debit card purchases
  • At least one direct deposit/ACH credit
  • Enrolled in eStatements

Thanks to DA reader, edinperk, for the Forum post about this competitive short-term CD.

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 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.

As the 9-month CD must be opened at the new Center City Philadelphia branch (1801 Market Street), downloading and completing the Membership Application might be advisable for prospective Ardent members before the actual branch visit.

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’ 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 CD Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the FOM, Ardent Credit Union's 9-month CD APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
4.00% APY9-Month CD ($100 min/$25k max)Ardent Credit Union
2.86% APY8-Month Certificate Special ($1k min/$250k max)Andrews Federal Credit Union
2.55% APY9-Month CD Special ($1k min/no max)Mutual of Omaha Bank

The above rates are accurate as of 6/29/2019.

Searching for the best CD rates, either nationwide or state-specific? Please refer to our CD Rates Table page.

Related Pages: Philadelphia checking accounts, reward checking accounts, 1-year CD rates, bank bonuses

Comments


#1 - This comment has been removed for violating our comment policy.
Anymouse
Anymouse   |     |   Comment #3
From Ardent's new CC Philly web page:
"Accountholder must meet the basic Kasasa qualifications of 8 debit card purchases, one direct deposit/ACH credit and enrolled in eStatements during the monthly qualification cycle to receive domestic ATM fee refunds and rewards (1.00% APY or 1% cash back). For the bonus, $50 will be paid each month during the first six months the account is open and the Kasasa qualifications are met, as long as the direct deposit amount is at least $250 and the debit card purchases are $5 or more each."
Anonymous
Anonymous   |     |   Comment #5
Not relevant to the CD promo
AnnO
AnnO   |     |   Comment #7
True, but the blog post did include the Kasasa bonus info after the CD info.
#4 - This comment has been removed for violating our comment policy.
AnnO
AnnO   |     |   Comment #6
Nice rate for those in the area!
Att
Att   |     |   Comment #8
Limited availability, 25k max for 9 months. What will rates be when you renew?
steve_010
steve_010   |     |   Comment #9
This would have been perfect for me as I'm close to a branch plud need my money in 9 months. It's the 25k max that is the deal breaker. Why not allow more?
#10 - This comment has been removed for violating our comment policy.
#11 - This comment has been removed for violating our comment policy.
#12 - This comment has been removed for violating our comment policy.
Ardent CU (PA) Has Limited-Time 30-Month Flex CD

UPDATE 10/31/2016: Ardent Credit Union has announced today that it will offer its 30-month Flex CD through November 15, 2016.

Availability: Residents of Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties, Pennsylvania.

Now through October 31 November 15, 2016, Ardent Credit Union (Ardent CU) is offering an increased rates on its 30-month Flex CD (2.00% APY). This limited-time offer requires a minimum opening deposit of $100 and is capped at $500k; all funds must be new money.

Besides having a competitive rate, the 30-month Flex CD also allows funds (new...

Continue Reading
5.00% 36-Month CD at a Pennsylvania Credit Union (Sb1 FCU)
Sb1 Federal Credit Union is offering a special certificate with a yield of 5.00% APY and a term of 36 months. The minimum deposit is $500. The yield is 5.25% APY for a $99,000 minimum deposit.

Membership is primarily based on Select Employer Groups. Please refer to the credit union's Membership Page for the full details. Membership requires a minimum balance of $5 in your share savings account.

Publicly available branches are located in Philadelphia and King of Prussia. The credit union is federally insured by the NCUA (Charter # 22637).



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