.ent-calculator-container {
font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;
max-width: 800px;
margin: 0 auto;
padding: 20px;
background-color: #f9f9f9;
border: 1px solid #e0e0e0;
border-radius: 8px;
}
.ent-calc-header {
text-align: center;
color: #005596; /* Ent-like blue */
margin-bottom: 30px;
}
.ent-calc-row {
display: flex;
flex-wrap: wrap;
gap: 20px;
margin-bottom: 20px;
}
.ent-calc-col {
flex: 1;
min-width: 250px;
}
label {
display: block;
margin-bottom: 8px;
font-weight: 600;
color: #333;
}
input[type="number"] {
width: 100%;
padding: 12px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 16px;
box-sizing: border-box; /* Fix padding issue */
}
button.ent-btn {
background-color: #005596;
color: white;
border: none;
padding: 15px 30px;
font-size: 18px;
border-radius: 4px;
cursor: pointer;
width: 100%;
font-weight: bold;
transition: background-color 0.3s;
}
button.ent-btn:hover {
background-color: #003366;
}
.ent-result-box {
margin-top: 30px;
background-color: #ffffff;
padding: 20px;
border-radius: 6px;
box-shadow: 0 2px 5px rgba(0,0,0,0.1);
display: none; /* Hidden by default */
}
.result-row {
display: flex;
justify-content: space-between;
padding: 10px 0;
border-bottom: 1px solid #eee;
}
.result-row:last-child {
border-bottom: none;
}
.result-label {
color: #555;
}
.result-value {
font-weight: bold;
color: #005596;
font-size: 1.1em;
}
.ent-article {
margin-top: 50px;
line-height: 1.6;
color: #333;
}
.ent-article h2 {
color: #005596;
margin-top: 30px;
}
.ent-article h3 {
color: #444;
}
.disclaimer {
font-size: 0.85em;
color: #777;
margin-top: 20px;
font-style: italic;
}
Understanding Ent Credit Union CD Rates
Certificates of Deposit (CDs), often referred to as Share Certificates at credit unions like Ent, are a secure way to grow your savings with little to no risk. Unlike standard savings accounts where rates fluctuate, a CD locks in a specific Annual Percentage Yield (APY) for a set term length. This calculator helps you estimate the potential return on your investment based on current Ent Credit Union rate offerings.
How This Calculator Works
To accurately project your earnings, this tool utilizes the standard compound interest formula adapted for APY. APY represents the real rate of return earned on a savings deposit or investment taking into account the effect of compounding interest.
- Deposit Amount: The initial lump sum you plan to invest in the Share Certificate.
- Term Length: The duration you agree to leave the money untouched (e.g., 6 months, 12 months, 5 years).
- APY (%): The Annual Percentage Yield offered for that specific term.
Why Choose Share Certificates?
Share Certificates are excellent financial tools for goals with a specific timeline. Whether you are saving for a down payment on a home, a wedding, or simply want to beat inflation, locking in a high APY ensures your money works harder for you. Ent Credit Union typically offers competitive rates that often exceed those of traditional big banks because credit unions are member-owned and return profits to members in the form of higher dividends.
Example Calculation
Imagine you have $10,000 to invest. You choose an Ent Share Certificate with a 24-month (2 year) term offering an APY of 4.25%.
Using the calculator above:
- Input 10000 into "Deposit Amount".
- Input 24 into "Term Length".
- Input 4.25 into "APY".
At the end of the term, your total maturity value would be approximately $10,868.06, meaning you earned $868.06 in dividends simply by letting your money sit securely.
Factors Affecting Your Return
The Term Length: Generally, longer terms command higher APY rates. However, keep an eye out for "special" promotional terms (like 13-month or 19-month certificates) which Ent occasionally offers with boosted rates.
Compounding: Dividends are typically compounded monthly. This calculator assumes the APY provided includes the compounding effect over the course of the year, which is the industry standard for advertising rates.
Disclaimer: This calculator is for educational and estimation purposes only. Actual returns may vary slightly based on the specific compounding frequency and policies of Ent Credit Union. Early withdrawal penalties may apply if funds are accessed before the maturity date. Please consult official Ent Credit Union documentation for current rates and terms.
function calculateEntCD() {
// 1. Get references to input elements by exact ID
var depositInput = document.getElementById("entDepositAmount");
var termInput = document.getElementById("entTermMonths");
var apyInput = document.getElementById("entApy");
// 2. Get references to output elements
var resultBox = document.getElementById("entResultDisplay");
var displayDeposit = document.getElementById("displayDeposit");
var displayDividends = document.getElementById("displayDividends");
var displayTotal = document.getElementById("displayTotal");
// 3. Parse values
var P = parseFloat(depositInput.value); // Principal
var n = parseFloat(termInput.value); // Term in months
var r = parseFloat(apyInput.value); // APY in percent
// 4. Validate inputs
if (isNaN(P) || P < 0) {
alert("Please enter a valid deposit amount.");
return;
}
if (isNaN(n) || n <= 0) {
alert("Please enter a valid term length in months.");
return;
}
if (isNaN(r) || r < 0) {
alert("Please enter a valid APY percentage.");
return;
}
// 5. Calculation Logic
// Formula: Future Value = P * (1 + r/100)^(n/12)
// This converts the monthly term to years (n/12) and applies the Annual Percentage Yield.
var timeInYears = n / 12;
var rateDecimal = r / 100;
var futureValue = P * Math.pow((1 + rateDecimal), timeInYears);
var totalDividends = futureValue – P;
// 6. Format Output to Currency
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
});
// 7. Update DOM
displayDeposit.innerHTML = formatter.format(P);
displayDividends.innerHTML = formatter.format(totalDividends);
displayTotal.innerHTML = formatter.format(futureValue);
// 8. Show result box
resultBox.style.display = "block";
}