Certificates Comparison Chart

A variety of rates and terms. Different opening deposit requirements. See how these three safe certificate options compare. Then you’ll be ready to start achieving your savings goals.

 
Description
Available Terms
Minimum Opening Deposit
Dividend Payment Options
Compounding Frequency
Additional Information
Rate Type
Available as an IRA
Additional Deposits
Grace Period
Renewal Terms
Early Withdrawal Penalty (withdrawal of principal funds prior to maturity date)
Access to View Balances
Owners' Dividend Eligible

Certificate

Open Now
Description

Flexible terms range from 30 days to 120 months

Available Terms

31 days through 120 months

Minimum Opening Deposit
  • Non-IRA: $500 ($1,000 for 31-day term)
  • IRA: $100
Dividend Payment Options
  • Reinvested back into the certificate account, paid into the ESL account of your choice or sent to you via check.
  • Paid dividends may be withdrawn at any time without a penalty.
Compounding Frequency
  • Quarterly for 3-month to 120-month terms
  • None for 31-day term
Additional Information

N/A

Rate Type
  • Fixed Rate
  • Variable rates available for 6-month or 18- month (IRA only) term
Available as an IRA

Yes

Additional Deposits
  • Fixed Rate: $100 or more during the grace period
  • Variable Rate: Unlimited deposits of $100 or more during the term
Grace Period

The 7-day calendar period that begins on the maturity date of the certificate

Renewal Terms
  • The following terms renew at maturity into the same term:
    • 31 day, 3, 6, 12, 18, 24, 36, 48, 60, 72, 84, 96, 108 and 120 months.
  • All other terms renew at maturity into the next lowest term listed above.
  • Term can be changed during the grace period.
Early Withdrawal Penalty (You withdrawal principal funds prior to the maturity date)
  • Terms 30 to 60 days: 30 days of dividends
  • Terms 90 days to 12 months: 90 days of dividends
  • Terms greater than 12 months: 180 days of dividends
Access to View Balances

Online Banking and Mobile Banking

Owners' Dividend Eligibility

Yes

Apply Now

Call Certificate

Open Now
Description

Earn higher yields with the option for ESL to "call" your certificate before maturity

Available Terms

24 or 60 months

Minimum Opening Deposit

$500

Dividend Payment Options
  • Reinvested back into the certificate account, paid into the ESL account of your choice or sent to you via check.
  • Paid dividends may be withdrawn at any time without a penalty.
Compounding Frequency

Quarterly

Additional Information
  • You receive a higher rate because of the call option, which allows ESL to mature your certificate early based on market rates.
  • If your certificate is put into early maturity, all of the funds (including dividends) will be available to you during the grace period.
Rate Type

Fixed Rate

Available as an IRA

No

Additional Deposits

$100 or more during the grace period

Grace Period

The 7-day calendar period that begins on the maturity date of the certificate

Renewal Terms
  • If the certificate is called or matures, your funds will renew into the same term if you do nothing during the grace period.
  • Term can be changed during grace period.
Early Withdrawal Penalty (You withdrawal principal funds prior to the maturity date)

180 days of dividends

Access to View Balances

Online Banking and Mobile Banking

Owners' Dividend Eligibility

Yes

Apply Now

Jumbo Certificate

Open Now
Description

The opportunity to earn more for those with larger balances

Available Terms

30 days to 60 months

Minimum Opening Deposit

$100,000

Dividend Payment Options
  • Reinvested back into the certificate account, paid into the ESL account of your choice or sent to you via check.
  • Paid dividends may be withdrawn at any time without a penalty.
Compounding Frequency
  • None for 30-day to 360-day terms
  • Quarterly for terms of 24 months or greater
Additional Information

N/A

Rate Type

Fixed Rate

Available as an IRA

Yes

Additional Deposits

$100 or more during the grace period

Grace Period

The 7-day calendar period that begins on the maturity date of the certificate

Renewal Terms
  • Renew into the same term at maturity.
  • Term can be changed during grace period.
Early Withdrawal Penalty (You withdrawal principal funds prior to the maturity date)
  • Terms 30 to 60 days: 30 days of dividends
  • Terms 90 days to 12 months: 90 days of dividends
  • Terms greater than 12 months: 180 days of dividends
Access to View Balances

Online Banking and Mobile Banking

Owners' Dividend Eligibility

Yes

Apply Now