Ardent Credit Union (PA) Has 9-Month CD (4.00% APY) Thru 7/3/2019
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two amounts: dividends since the date of issuance or renewal or an amount equal to 180 days of dividends on the amount withdrawn.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.
| APY | MIN | MAX | INSTITUTION | PRODUCT | DETAILS |
|---|---|---|---|---|---|
| 1.00*% | - | $25k | Ardent Credit Union | Kasasa Cash | |
| OTHER TIERS: 0.25% → $25k+ | |||||
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 Rate | CD Length of Term | Credit Union/Bank |
|---|---|---|
| 4.00% APY | 9-Month CD ($100 min/$25k max) | Ardent Credit Union |
| 2.86% APY | 8-Month Certificate Special ($1k min/$250k max) | Andrews Federal Credit Union |
| 2.55% APY | 9-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.
"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."