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How can I deposit funds from an external source (new money) into a Term Savings Certificate?
Funds must be deposited into your First Entertainment account through the following channels in order to fund the Term Savings Certificate:
- Electronic funds transfers
- Wire transfers
- Mobile deposit
- In-person deposits (cash or checks)
*Note: New money only applies to funds that have been deposited within the past thirty (30) days.
Term savings certificates are non-transactional, one time deposit accounts. Once the deposit has been made to another share, the money can be transferred to the Term Savings Certificate upon opening.
Please note, the funds must be available in order to fund the Term Savings Certificate.
Digital Banking
- Select “Open New Accounts”.
- Click “Open new Term Savings Certificate (CD)”
- Select “Apply Now to Open a New Deposit , CD, or Savings Account”.
- Click “Term Savings Certificate (CD)”.
- Select the term.
- Select the funding account where the funds will be pulled from to fund the Term Savings Certificate.
- Enter the opening deposit amount ($1,000 minimum).
- Review and confirm the account the funds are drawing from and the amount being used to fund the CD on the screen, and then select “Continue”.
- Read the terms and conditions, and then click the box that states “I accept the terms and conditions states above”, and then select “Finish”.
- Verify the CD was successfully opened on the list of accounts shown on your main page.
Mobile App
- Select “More” on the tool bar.
- Click “Open New Accounts”.
- Click “Open new Term Savings Certificate (CD)”
- Select “Apply Now to Open a New Deposit, CD, or Savings Account”.
- Click “Term Savings Certificate” (CD).
- Select the term.
- Select the funding account where the funds will be pulled from to fund the Term Savings Certificate.
- Enter the opening deposit amount ($1,000 minimum).
- Select “Continue” to proceed to opening the account.
- Review and confirm the account the funds are drawing from and amount being used to fund the CD on the screen, and then select “Continue”.
- Read the terms and conditions and then select “Accept”.
- Verify the CD was successfully opened on the list of accounts shown on your main page on the app.