1Rates are subject to change at any time without notice. Membership eligibility and requirements apply.
2Some restrictions do apply to the Ardent Money Market Account. Although you can make transfers to your Money Market Account in eBanking, account access is not available through ATMs or through Ardent's Bill Pay service. Up to six (6) preauthorized, automatic, telephone transfers or withdrawals may be made from each Money Market Account to another account or to a third party in any month, and no more than six (6) transfers may be made by check, draft, or debit card to a third party. Any checks drawn on your Money Market Account must be for an amount of $250 or more. If you exceed these limitations, your account may be subject to a fee or be closed. There is no minimum balance required to open or start earning interest on an Ardent Money Market Account. If you make in excess of 6 transactions per month (writing checks, transfers) or you draw checks in an amount less than $250, your account will be subject to fees. Fees could reduce the earnings on the account. Money Market dividends are calculated monthly on your entire balance in the tier your balance falls in for that month. For example, if your balance is $15,500.00 for the first 15 days in the month, you will earn the dividend rate for tier 2 on the entire balance in the account, for 15 days. If your balance is $7,500.00 for the last 15 days of the month, you will earn the dividend rate for tier 1 on the entire balance in the account for 15 days.
3Members who own Jumbo Share Certificates/IRAs $99,000.00 and above are protected to a level of $500,000. This protection includes $250,000 of coverage from Excess Share Insurance, as well as $250,000 from the NCUA. CD dividends are calculated by the daily balance method, which applies a daily periodic rate to the principal in the account each day. Dividends are compounded monthly and are credited monthly. All Certificate dividend rates are fixed for the term of the Certificate. The Annual Percentage Yield is based on the assumption that dividends will remain on deposit until maturity. Premature withdrawal will reduce earnings. A SUBSTANTIAL PENALTY IS IMPOSED if certificate funds other than dividends are withdrawn before the maturity date. 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two amounts: dividends since the date of issuance or renewal or an amount equal to 180 days of dividends on the amount withdrawn. Any fee imposed may reduce the earnings on your account. The dividend rates and Annual Percentage Yields may change at any time at the discretion of the Ardent Federal Credit Union Board of Directors. The Credit Union reserves the right to require members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts so paid in by them except for those amounts paid into Checking Accounts.
4 100% of the CD /IRA CD balance may be withdrawn with no penalty during the term. Minimum deposit of $100 is required, and the maximum deposit is $500,000. New money only (funds on deposit at Ardent for less than 30 days).
5Up to 50% of the Flex CD balance may be withdrawn one time over the term of the share certificate with no penalty. Minimum deposit of $100 is required, and the maximum deposit is $500,000.
6Deposits can be added up to your IRA annual limit for IRA contributions on the IRA Growth CD.