Rates

Current Rates - April 2013

Loan Rates

Type

Rate

Vehicles

As low as 1.99% APR**

RV’s / Boats

As low as 5.74% APR**

Tuition

As low as 0.00% APR**

Share Secured

As low as 1.90% APR**

Write yourself a loan

15.00% APR**

Home Equity

As low as 3.25% APR**

Signature

As low as 9.75% APR**

1st Mortgage

Competitive Rates

 

click for Calculators and Money Management Planners

Dividends

Share Accounts1

.10% APY*

Share Drafts (checking)2

.05% APY*

Special Savings3

.10% APY*

Add-on Certificates4

.20% APY*

Share Certificates :
6, 12, 24 and 36 month terms available5

.15% - .75% APY*

IRAs/ ESAs6

.15% - .75% APY*

Money Markets

Tier 1

$5,000.00 - $9,999.99

.10% APY*

Tier 2

$10,000.00 - $24,999,99

.20% APY*

Tier 3

$25,000.00 - $49,999.99

.30% APY*

Tier 4

$50,000.00 - UP

.40% APY*

 

 

Rates apply to advances on new and existing Loanliner. Dividends and Rates subject to change without notice. $25.00 late fee on loans advanced after 2/1/05.

**APR - Annual Percentage Rate

*APY (Annual Percentage Yield) - APY is the amount of interest you will earn on a yearly basis expressed as a percentage. The APY includes the effect of compounding. When comparing different accounts, you should compare the APY's of the savings products, not the interest rates. The higher the APY, the higher return you will receive.

Dividends are compounded and credited monthly. Fees may reduce earning on accounts. Members will forfeit dividends if they close an account before accrued dividends are credited. Contact our office for further information about applicable fees and terms.

1. Share accounts offer liquidity. The minimum amount to open a share account is $5.00. Members must maintain a share account in order to receive a service of the credit union. Dividends are paid when average daily balance is greater than $50.00. Accounts with balances less than $100.00 and no transaction in 2 years are assessed a quarterly $5.00 inactivity fee. An account with checking or a loan must maintain a minimum of $50.00 in shares.

2. There is no minimum balance required for a share draft account, after the account is opened with a $50.00 deposit. No minimum balance is required to earn dividend. No monthly service fees apply.

3. Special savings accounts allow members to save for a variety of reasons including, Christmas, vacation, tuition and escrow. There are no fees and no minimum balance to open these accounts or to earn dividends. The funds are available at any time. Members can choose to have the funds in their Christmas Club accounts mailed out as a check, or transferred to another credit union account on November 1st. Deposits in all special savings accounts are available for withdrawal at any time without penalty.

4. Add-on certificates have a fixed rate for 6 months and 12 months, but allow unlimited deposits throughout the term. Early withdrawal penalties apply. Minimum deposit is $250.00.

5. The minimum deposit for a Share Certificate is $500.00. Withdrawal before the end of the term is subject to a penalty.

6. Traditional IRA, Roth IRA, and ESA accounts are easy to open with a minimum deposit of $100.00. IRA/ ESA Certificates are available in 6, 12, 24, and 36 month terms with a minimum balance of $500.00. Early withdrawal penalty applies to certificates and a $25.00 fee is charged to withdrawal and close IRA accounts.

7. Money Markets are tiered rate accounts. There is no minimum to earn dividends; however, dividends earned depend on the tiers.