Rates

Rates as of 4/1/2017

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 4/1/2017

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
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


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.


Share Certificates

Type dividend Rate APy1 MINIMUM BALANCE REQUIRED TO EARN APY
91 Day 0.21% 0.21% $500
182 Day 0.260% 0.26% $500
275 Day (Add-on) 0.310% 0.31% $500
1 Year  0.409% 0.41% $500
18 Month 0.509% 0.51% $500
2 Year (Jump-up) 0.658% 0.66% $500
30 Month (Jump-up, Add-on) 0.708% 0.71% $500
3 Year 1.005% 1.01% $500
4 Year 1.252% 1.26% $500
5 Year 1.499% 1.51% $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.

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 4/1/2017

Credit Cards

APR1
Payment Per $1000 card type
8.90% $20.00 Visa® Platinum Card
7.00% $20.00 Visa® Gold Card
13.80% $20.00 Classic Visa® Platinum

1APR = Annual Percentage Rate. Visa® Gold rate is variable based on the prime rate (4.00% as of 03/16/17) + 3%. Subject to credit approval. Rates are subject to change.

Rates and terms are subject to change and not guaranteed.

Rates as of 4/1/2017. $5,000 new money required for loan rewrites.

Auto Loans

New/ Used Vehicle Rates
APR1 as low as Pmt Per $1000 (as low as) Vehicle Year Maximum Term
1.95% $28.62 New/Used ‘07-’17 3 Years
1.95% $21.67 New/Used ‘07-’17 4 Years
2.45% $17.73 New/Used ‘07-’17 5 Years
2.45% $14.95 New/Used ‘07-’17 6 Years
2.45% $12.97 New/Used ‘07-’17 7 Years
4.95% $29.95 Used ‘2000-’06 3 Years

1APR = Annual Percentage Rate. Financing up to 105% of approx. retail value. Loan rate is dependent on credit score. Qualify for the lowest rate with credit score of 740 or above. Rates are subject to change.

Mortgage Rates 4/24/2017 | 45-day rate lock expires 6/8/2017

Home Loans

Mortgage Loans

Term Rate APr1 points Payment Per $1000
30 Year Fixed2 4.000% 4.630% 0.250 $4.78
20 Year Fixed2 3.750% 3.837% 0.250 $5.93
15 Year Fixed2 3.375% 3.360% 0.250 $7.09

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 $417,000 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 3.000% 3.152% 0.000 $4.29
5/1 3.375% 3.402%  0.000 $4.42

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 $1,000. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater.


In-House Fixed Products
Term Rate APr1 points Payment Per $1000
10 Year 3.375% 3.447% 0.000 $9.83
15 Year 3.375% 3.424% 0.000 $7.09
20 Year 3.750% 3.789% 0.000 $5.93

Closing Costs = $1,000.00

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: $156.


First Time Homebuyer Programs
Term Rate APr1 points Payment Per $1000
5/5 ARM2 3.875% 3.875% 0.000 $4.71
Second Mortgage3 4.875% 4.875% 0.000 $7.84

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 3.375% 3.375%  INT. ONLY
2 Year Lot $25,000 or Greater (15 Year Amort)3 3.375% 3.424% $7.09

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 2.9% $29.04 as low as 3.9% $29.48 as low as 4.9% $29.93 3 Years
as low as 2.9% $22.09 as low as 3.9% $22.53 as low as 4.9% $22.98 4 Years
as low as 2.9% $17.92 as low as 3.9% $18.37 as low as 4.9% $18.83 5 Years
as low as 3.4% $9.84-15.37 as low as 4.4% $9.57-10.32 as low as 5.4% $10.80-16.29 6-10 Years
as low as 4.4% $7.60-9.57 as low as 5.4% $8.12-10.06 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
3.49% (.51% – prime) <80% LTV2
4.99% (.99% + prime) 81-90% LTV2
5.99% (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 (4.00% as of 3/16/17). The floor rate for new Home Equity Loans with loan to values under 80% is 3.49% APR, 80.01-90% is 4.99% APR, 90.01-100% is 5.99%. 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 4/1/2017

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 1.95% as low as $17.51 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 4/1/2017

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.


IRA Share Certificates

Type dividend Rate APy1 MINIMUM BALANCE REQUIRED TO EARN APY
91 Day 0.21% 0.21% $500
182 Day 0.26% 0.26% $500
275 Day (Add-on) 0.31% 0.31% $500
1 Year 0.409% 0.41% $500
18 Month 0.509% 0.51% $500
2 Year (Jump-up) 0.658% 0.66% $500
30 Month (Jump-up, Add-on) 0.708% 0.71% $500
3 Year 1.005% 1.01% $500
4 Year 1.252% 1.26% $500
5 Year  1.499% 1.51% $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.

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