Loans | Mortgage | Savings | Certificates
Rates effective as of July 1, 2008
Rates subject to change without notice. |
|
*APR = Annual Percentage Rate
**Monthly payment examples above based on every $1000 borrowed. The above stated Annual Percentage Rates are based on certain credit worthiness criteria. A fee of $5 per $100 advance is imposed on Overdraft Protection loan product.
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Rates effective as of July 1, 2008
Rates subject to change without notice. |
Home Equity Line of Credit (HELOC)
| Rate |
Term |
|
Prime Rate - currently at 5.25% APR*
|
60 months |
*APR=Annual Percentage Rate. Rates and terms subject to change.
Variable rates are based on member's credit and Prime Rate as established in the Wall Street Journal. Maximum possible rate is 18% APR. A reasonable estimate of closing costs is $100 to $500. Minimum withdrawal amount is $250. Actual payment is based on 1 1/2% of outstanding balance or $75.00, whichever is greater. Minimum line to borrow is $5,000.
Home Equity Closed End - 15 years
| Rate |
Points |
APR*
|
|
8.50
|
|
8.50 |
Payment example: 180 pymts of on a minimum loan amount of $5,000.
Home Equity Closed End - 10 years
|
Rate
|
Points
|
APR*
|
|
7.75
|
|
7.75
|
Payment example: 120 pymts of $60.02 on a minimum loan amount of $5,000.
Home Equity Closed End - 7 years
|
Rate
|
Points
|
APR*
|
|
7.25
|
|
7.25
|
Payment example: 84 pymts of $76.09 on a minimum loan amount of $5,000.
Home Equity Closed End - 5 years
|
Rate
|
Points
|
APR*
|
|
6.75
|
|
6.75
|
Payment example: 60 pymts of $98.44 on a minimum loan amount of $5,000.
Home Equity Closed End - 3 years
|
Rate
|
Points
|
APR*
|
|
6.50
|
|
6.50
|
Payment example: 36 pymts of $153.27 on a minimum loan amount of $5,000.
First Mortgage 7-year balloon
|
Rate
|
Points
|
APR*
|
|
6.250
|
|
6.250
|
Payment example: Amortized for 30 years = $6.17 per $1,000 borrowed.
First Mortgage 5-year balloon
|
Rate
|
Points
|
APR*
|
|
6.000
|
|
6.000
|
|
Payment example: Amortized for 30 years = $6.01 per $1,000 borrowed.
First Mortgage 3-year balloon
|
Rate
|
Points
|
APR*
|
|
5.800
|
|
5.800
|
Payment example: Amortized for 30 years = $5.89 per $1,000 borrowed.
*APR = Annual Percentage Rate
The above stated Annual Percentage Rates are based on certain credit worthiness criteria.
* $100 application fee for Home Equity Loans
*** $275 application fee for First Mortgage 5-year balloon ***$275 application fee for Fixed Mortgage Loans
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|
Rates effective as of July 1, 2008
Rates subject to change without notice.
|
| Savings |
Dividend Rate |
APY* |
Term |
| Primary Shares*, Secondary Shares, Secured Shares, Christmas Club & Vacation Club |
0.60 |
0.60 |
n/a |
|
IRA Shares Tier 1 ($.01 to $4,999.99)
|
0.70 |
0.70 |
n/a |
| IRA Shares Tier 2 ($5,000 to $49,999.99) |
0.85 |
0.85 |
n/a |
| IRA Shares Tier 3 ($50,000 and above) |
1.00 |
1.00 |
n/a |
|
Premium Level Upgraded Savings Tier 1 ($1,500 to $9,999.99) **accounts opened prior to 7/01/2007**
|
1.50 |
1.51 |
n/a |
| Premium Level Upgraded Savings Tier 2 ($10,000 to $24,999.99) |
1.75 |
1.76 |
n/a |
| Premium Level Upgraded Savings Tier 3 ($25,000 to $49,999.99) |
2.25 |
2.27 |
n/a |
| Premium Level Upgraded Savings Tier 4 ($50,000 to $99,999.99) |
2.75 |
2.78 |
n/a |
| Premium Level Upgraded Savings Tier 5 ($100,000 and up) |
3.25 |
3.29 |
n/a |
|
YES - Youth Enhanced Savings (dividends paid up to $500). See YES step-up certificate rates for investments of $500 and above.
|
2.50 |
2.52 |
n/a |
|
*APY = Annual Percentage Yield. $25 minimum deposit required in a share savings account to establish credit union membership. A fee of $5 is imposed for more than one withdrawal per quarter on Premium Level Upgraded Savings Account.
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|
|
Money Market
|
Dividend Rate
|
APY*
|
| Tier 1 $2,500 - $9,999.99 |
1.25
|
1.26
|
| Tier 2 $10,000 - $24,999.99 |
1.50
|
1.51
|
| Tier 3 $25,000 - $49,999.99 |
2.00
|
2.02
|
| Tier 4 $50,000 - $99,999.99 |
2.50
|
2.53
|
| Tier 5 $100,000 and over |
3.00
|
3.03
|
*APY = Annual Percentage Yield. $25 minimum deposit required in a share savings account to establish credit union membership.
|
Health Savings Account
|
Dividend Rate
|
APY*
|
| Tier 1 $0.00 - $499.99 |
0.70
|
0.70
|
| Tier 2 $500.00 - $2,499.99 |
1.00
|
1.00
|
| Tier 3 $2,500.00 - $9,999.99 |
1.25
|
1.26
|
| Tier 4 $10,000 and over |
1.75
|
1.76
|
*APY = Annual Percentage Yield. $25 minimum deposit required in a share savings account to establish credit union membership.
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Contact Rock Valley Credit Union for the latest certificate rates!
