Rates
Rates as of 11/1/2018
Checking, Fresh Start
| Type | dividend Rate | APy1 | Minimum Balance Required to earn APY | Minimum to open |
|---|---|---|---|---|
| Checking5,6 | 0.01% | 0.01% | $2500.00 | $0.00 |
| Fresh Start Checking2,6 | 0.01% | 0.01% | $2500.00 | $100.00 |
1APY = Annual Percentage Yield. Rates are subject to change after account opening.
2Fresh Start requires $20 one-time activation fee and $100 min. opening deposit. Members will be assessed a $10 fee monthly if their daily balance is below $100 or if they use fewer than 3 loyalty services(the fee is waived the month the Fresh Start Checking Account is opened).Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived.
5Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived.
6Fees could reduce earnings on the account
Rates as of 11/1/2018
Savings
| Type | dividend Rate | APy1 | Minimum Balance Required to earn APY | Minimum to open |
|---|---|---|---|---|
| Prime Share Savings | 0.06% | 0.06% | $100.00 | $5.00 |
| Change Up Savings | 0.51% | 0.51% | $0.00 | $0.00 |
| Christmas Club | 0.06% | 0.06% | $100.00 | $0.00 |
| Vacation Club | 0.06% | 0.06% | $100.00 | $0.00 |
| Summer Pay | 0.06% | 0.06% | $100.00 | $0.00 |
| Saver’s Sweepstakes7 | 0.20% | 0.20% | $0.00 | $0.00 |
| Health Savings Account4 | 0.76% | 0.76% | $100.00 | $0.00 |
1APY = Annual Percentage Yield. Rates are subject to change after account opening.
2Fresh Start requires $20 one-time activation fee and $100 min. opening deposit. Members will be assessed a $10 fee monthly if their daily balance is below $100 or if they use fewer than 3 loyalty services(the fee is waived the month the Fresh Start Checking Account is opened).Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived.
4HSA has $25 set up fee.
5Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived.
6Fees could reduce earnings on the account
7There is no minimum deposit required to open a Saver’s Sweepstakes account. This sweepstakes is open to Wisconsin and Minnesota residents only. Entries are tallied for the primary owner on the account. Fiduciary and business accounts are not eligible. Account is subject to a $10 withdrawal penalty with your first and second withdrawal from the account. The account will be closed after your third withdrawal. Account withdrawal could impact your total number of entries. A closed account will result in the forfeiture of all sweepstakes entries. Participants can make a penalty-free withdrawal from the account 12 months after the account is opened and every 12 months thereafter. Visit the Saver’s Sweepstakes page for full details.
High Yield Money Market Account
| Dividend Rate | APY1 | Minimum Balance Required to eARN apy2 |
|---|---|---|
| 0.06% | 0.06% | <$2,500 |
| 0.08% | 0.08% | $2,500 |
| 0.11% | 0.11% | $10,000 |
| 0.14% | 0.14% | $25,000 |
| 0.19% | 0.19% | $50,000 |
1APY = Annual Percentage Yield. Rates will not change until the next tier is reached (ex. balance of $2,500 to $9,999 will have a rate of 0.08% APY). Rates are subject to change after account opening.
2For IRA Money Market the minimum to open account is $25. Minimum to open regular Money Market account is $1000, $10 fee per month for daily balances below $1000. Penalties apply for “under the minimum daily balance”, which may reduce earnings.
Premium Money Market Accounts (regular and IRA accounts)
| dividend rate | apy1 | Minimum Balance Required to Earn apy2 |
|---|---|---|
| 0.559% | 0.56% | $10,000 |
| 1.124% | 1.13% | $100,000 |
| 1.677% | 1.69% | $250,000 |
1APY = Annual Percentage Yield. Rates will not change until the next tier is reached (ex. balance of $10,000 to $99,999.99 will have a rate of 0.559% APY). Rates are subject to change after the account is opened.
2For Premium Money Market the minimum to open account is $10,000.
Points for Perks cannot be used to increase the rates on the Premium Money Market accounts.
Share Certificates
| Type | dividend Rate | APy1 | MINIMUM BALANCE REQUIRED TO EARN APY |
|---|---|---|---|
| 91 Day | 0.31% | 0.31% | $500 |
| 182 Day | 0.360% | 0.36% | $500 |
| 275 Day (Add-on) | 0.409% | 0.41% | $500 |
| 1 Year | 0.509% | 0.51% | $500 |
| 18 Month | 0.609% | 0.61% | $500 |
| 2 Year Share Certificate Special** | 2.477% | 2.50% | $500 |
| 30 Month (Jump-up, Add-on) | 0.808% | 0.81% | $500 |
| 3 Year | 1.105% | 1.11% | $500 |
| 4 Year | 1.502% | 1.51% | $500 |
| 5 Year | 1.995% | 2.01% | $500 |
Rates are for new shares only and require $500 minimum. A penalty applies for early withdrawal and other restrictions may apply.
1APY = Annual Percentage Yield. Rates are subject to change. Penalties apply for early withdrawals, which may reduce earnings.
**The Share Certificate Special’s rate cannot be increased using Points for Perks. No other offers apply to increase the rate on this special.
Change of Terms Notice:
Effective 12/1/11, the early withdrawal penalty for new or renewed share certificates will be 90 days interest for terms of one year or less and 180 days for all terms over one year.
Effective 8/1/14 for new Share Certificates, early withdrawal penalty will be the lesser of dividends earned to date OR the amount of dividends that would be earned during 25% of the share certificate’s term, measured in days.
Rates as of 11/1/2018
Credit Cards
| APR1 |
Payment Per $1000 | card type |
|---|---|---|
| 8.25%* | $20.00 | Visa® Platinum Card |
| Starting at 12.25% | $20.00 | Visa® Signature Card2 – 1.5% Cash Back |
1APR = Annual Percentage Rate. Rates and terms are subject to change and not guaranteed.
2Visa® Signature Card rate is variable based on the prime rate (5.25% as of 10/1/18) + 7, 8, 10 or 14%. Rates are subject to change and are subject to credit approval.
*Rate depending on credit worthiness. Rates start at 7.9% then move to 8.9%, 11.9% and 17.9%.
Rates as of 11/1/2018. $5,000 new money required for loan rewrites.
Auto Loans
Vehicle Rates
| Type | APR1 as low as | Pmt Per $1000 (as low as) | Vehicle Year | Maximum Term |
|---|---|---|---|---|
| New | 3.20% | $29.17 | 2017-2019 | 7 Years |
| Used* | 3.45% | $29.29 | 2009-2016 | 7 Years |
| Older | 6.20% | $30.52 | 2003-2008 | 3 Years |
1APR = Annual Percentage Rate. Financing up to 105% of approx. retail value. Loan rate is based on term, credit score, as well as credit tiers. Qualify for the lowest rate with credit score of 740 or above. Rates are subject to change. All 60-72 month terms increase an additional .50% above the current rate. All 84 month terms increase an additional .75% above the current rate as of June 1st, 2018. *Other secured loans will be based off the Used Vehicle rate tier.
Accounts Disclosures
| Consumer Handbook on Adjustable Rate Mortgages |
| Truth In Savings Disclosure |
Mortgage Rates 11/9/18 | 30-day rate lock expires 12/10/18
Home Loans
Mortgage Loans
| Term | Rate | APr1 | points | Payment Per $1000 |
|---|---|---|---|---|
| 30 Year Fixed2 | 5.000% | 5.199% | 0.000 | $5.07 |
| 20 Year Fixed2 | 4.750% | 4.851% | 0.000 | $6.19 |
| 15 Year Fixed2 | 4.500% | 4.638% | 0.000 | $7.46 |
| 10 Year Fixed2 | 4.500% | 4.638% | 0.000 | $10.18 |
1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty.
230-20-15 year fixed rate APR based on 75% LTV for Purchase of a Single Family Primary Residence with Credit Scores >/= 740.
3 Max loan amount $453,100 based off of secondary market guidelines.
Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater. Subject to Transfer of Servicing.
Adjustable Rate Mortgages (ARMs)
| Term | Rate | APr1 | points | Payment Per $1000 |
|---|---|---|---|---|
| 2/1 | 3.500% | 3.575% | 0.000 | $4.49 |
| 5/1* | 3.750% | 3.800% | 0.000 | $4.63 |
1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty.
Closing cost $1,200. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater.
*Investment Properties have a rate of (rate + 1%) and have a closing cost of $1,500.
ECU Special – 10 Year Fixed Refinance
| Term | Rate | APr1 | points | Payment Per $1000 |
|---|---|---|---|---|
| 10 Year | 4.500% | 4.550% | 0.000 | $10.18 |
Closing Costs = $161.00
1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty.
Loan amounts under $100,000 at 80 percent LTV closing cost: $161.
First Time Homebuyer Programs
| Term | Rate | APr1 | points | Payment Per $1000 |
|---|---|---|---|---|
| 5/5 ARM2 | 4.375% | 4.375% | 0.000 | $5.15 |
| Second Mortgage3 | 5.375% | 5.375% | 0.000 | $8.24 |
90% LTV with maximum second mortgage 5% LTV Minimum Credit Score 660+
1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty.
2With 30 year amortization.
3As a 15 year fixed based off $10,000 loan amount.
Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater.
Construction & Lot Loans
| Term | Rate | APr1 | Payment Per $1000 |
|---|---|---|---|
| 1 Year Construction2 | 3.875% | 3.875% | INT. ONLY |
| 2 Year Lot $25,000 or Greater (15 Year Amort)3 | 3.750% | 3.792% | $7.28 |
1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty.
2Based on loan amount $100,000. 1 Year term with conversion to 5 Year ARM after completion. Maximum Loan to Value (LTV) 80%. Interest Only payments required during construction.
3Based on loan amount $29,999. New Purchase Maximum Loan to Value (LTV) 90%. Refinance maximum LTV 80%.
Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater.
Home Equity Loans
$5,000 new money required for Home Equity Loan rewrites.
| APR <80% LTV1 | Pmt Per $1000 (as low As) | APR 81-90% LTV1 | Pmt Per $1000 (AS LOW AS) | APR 91-100% LTV1 | Pmt Per $1000 (AS LOW AS) | Term |
|---|---|---|---|---|---|---|
| as low as 4.15% | $29.59 | as low as 5.15% | $30.04 | as low as 6.15% | $30.50 | 3 Years |
| as low as 4.15% | $22.65 | as low as 5.15% | $23.10 | as low as 6.15% | $23.50 | 4 Years |
| as low as 4.15% | $18.49 | as low as 5.15% | $18.95 | as low as 6.15% | $19.41 | 5 Years |
| as low as 4.65% | $10.44-15.95 | as low as 5.65% | $10.93-16.41 | as low as 6.65% | $11.44-16.89 | 6-10 Years |
| as low as 5.65% | $8.26-10.20 | as low as 6.65% | $8.80-10.71 | NA | NA | 11-15 Years |
1APR = Annual Percentage Rate. LTV = Loan to Value. Rates are subject to change.
Over 90% LTV requires appraisal.
Home Equity Lines of Credit (HELOCs)
| APr1 | Purpose |
|---|---|
| 4.74% (.51% – prime) | <80% LTV2 |
| 6.24% (.99% + prime) | 81-90% LTV2 |
| 7.24% (1.99% + prime) | 91-100% LTV2 |
1APR = Annual Percentage Rate.
2LTV = Loan to Value. No annual fees or service charges, rate based on the prime rate (5.25% as of 10/1/18). The floor rate for new Home Equity Loans with loan to values under 80% is 4.49% APR, 80.01-90% is 5.99% APR, 90.01-100% is 6.99%. The maximum APR that may be imposed in a variable-rate plan has a lifetime cap of 17.9%.
Payments are 1.5 percent of the balance or $50 whichever is greater.
Rates and terms are subject to change and not guaranteed.
When Your Home is on the Line: What you should know about Home Equity Lines of Credit
Rates as of 11/1/2018
Other Loan Rates
| APR1 as low as | Pmt Per $1000 | purpose | Maximum Term |
|---|---|---|---|
| 3.06% | $18.00 | Share Savings Secured | 5 Years |
| 3% over CD rate | Share Certificate Secured | Certificate term | |
| as low as 3-month LIBOR +1.24% | as low as $5.17 | LendKey Consolidation Loan | 20 Years |
| as low as 3 month LIBOR +3.39% | as low as $7.59 | LendKey In-School Loan | 15 Years |
| Rate as low as 3.45% | as low as $17.95 | Other Loan | 5 Years |
| Rate as low as 8.90% | as low as $20.71 | Personal Loan | 5 Years |
| 19.90% | $37.10 | Credit Rebuilder Loan ($2,000 max.) | 1-3 Years |
| 19.90% | $176.37 | Fresh Start ($1,000 max.) | 6 Mo. |
| 19.90% | $176.37 | Rapid Relief | 6 Mo. |
1APR = Annual Percentage Rate. Share Savings Secured Rate is 3% above the current Savings Rate.
Rates and terms are subject to change and not guaranteed.
Rates as of 11/1/2018
IRA High Yield Money Market Account
| dividend rate | apy1 | Minimum Balance Required to Earn apy2 |
|---|---|---|
| 0.06% | 0.06% | <$2,500 |
| 0.08% | 0.08% | $2,500 |
| 0.11% | 0.11% | $10,000 |
| 0.14% | 0.14% | $25,000 |
| 0.19% | 0.19% | $50,000 |
1APY = Annual Percentage Yield. Rates will not change until the next tier is reached (ex. balance of $2,500 to $9,999 will have a rate of 0.08% APY). Rates are subject to change after the account is opened.
2For IRA Money Market the minimum to open account is $25. Minimum to open regular Money Market account is $1000, $10 fee per month for daily balances below $1000. Penalties apply for “under the minimum daily balance”, which may reduce earnings.
Premium Money Market Accounts (regular and IRA accounts)
| dividend rate | apy1 | Minimum Balance Required to Earn apy2 |
|---|---|---|
| 0.499% | 0.50% | $10,000 |
| 0.995% | 1.00% | $100,000 |
| 1.490% | 1.50% | $250,000 |
1APY = Annual Percentage Yield. Rates will not change until the next tier is reached (ex. balance of $10,000 to $99,999 will have a rate of 0.499% APY). Rates are subject to change after the account is opened.
2For Premium Money Market the minimum to open account is $10,000.
Points for Perks cannot be used to increase the rates on the Premium Money Market accounts.
IRA Share Certificates
| Type | dividend Rate | APy1 | MINIMUM BALANCE REQUIRED TO EARN APY |
|---|---|---|---|
| 91 Day | 0.31% | 0.31% | $500 |
| 182 Day | 0.36% | 0.36% | $500 |
| 275 Day (Add-on) | 0.409% | 0.41% | $500 |
| 1 Year | 0.509% | 0.51% | $500 |
| 18 Month | 0.609% | 0.61% | $500 |
| 2 Year (Jump-up) | 0.758% | 0.76% | $500 |
| 30 Month (Jump-up, Add-on) | 0.808% | 0.81% | $500 |
| 3 Year | 1.105% | 1.11% | $500 |
| 4 Year | 1.502% | 1.51% | $500 |
| 5 Year | 1.995% | 2.01% | $500 |
Rates are for new shares only and require $500 minimum. A penalty applies for early withdrawal and other restrictions may apply.
1APY = Annual Percentage Yield. Rates are subject to change after the account is opened. Penalties apply for early withdrawals, which may reduce earnings.
Change of Terms Notice:
Effective 12/1/11, the early withdrawal penalty for new or renewed share certificates will be 90 days interest for terms of one year or less and 180 days for all terms over one year.
Effective 8/1/14 for new Share Certificates, early withdrawal penalty will be the lesser of dividends earned to date OR the amount of dividends that would be earned during 25% of the share certificate’s term, measured in days.
Traditional IRA, Roth IRA, and ESA Rates
Contact our Investment Services1 team for information regarding rates for Traditional IRAs, Roth IRAs, and the Coverdell ESA.
1Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Educators Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.