Comenity Direct:
Online Certificate of Deposit - 0.70% APY
• $100 minimum opening balance
• Maximum deposit balance limit of $10 million per Account holder
• No hidden fees
• Free monthly maintenance
• Free ACH transfers
• Free online statements
• Free incoming wire transfers
• Unlimited deposits via mobile check capture and ACH transfer
• $25 per outgoing wire transfer
• $15 per official check request
• $5 per paper statement request
• Auto-renew at maturity or cash out without penalty within the 10-day grace period
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 0.70% |
| Term Length | 12 Month |
| Minimum deposit amount | $1,500.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $1,500.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Fees | |
| Early withdrawal penalty | 180 days interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Customer Reviews for Comenity Direct
Mel Harris
June 15, 2021 |
I was so pleased with the service and so frustrated by low rates everywhere that I was thinking about moving from a savings to a 1 yr CD and they have a 180 day penalty so I held off
Is this review helpful? Yes:1 / No: 0
J Finerman
March 6, 2021 |
No problems. Easy to open and use.
Is this review helpful? Yes:2 / No: 9
Royalty Me
February 12, 2021 |
I've got accounts at all of these places (beats getting 0.01% on my cash in brokered CDs at Morgan Stanley). I was pleased to see a new entrant that was spending a little to build a brand. The account opening process was - dare I say - fun. I did need to call with an access issue and the phone was answered immediately by a very helpful woman who treated me like a grown up (addressed me by my last name and did not become frustrated with my mistakes entering the information). I'd put this in the same league as Marcus or Citizens and above everything else I have experienced on your list.
Is this review helpful? Yes:1 / No: 10
EJ24
January 14, 2021 |
Easiest account set-up process ever.
Is this review helpful? Yes:1 / No: 11
Duck
May 5, 2020 |
We had a great experience setting up two CDs. Maybe they have heeded the past bad reviews?
Is this review helpful? Yes:1 / No: 11
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