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Rates

 

Savings Rates

 

Printable Savings Rates

Effective 5/23/13

Savings 

 
         Account Type         Interest RateAPY*Minimum Deposit**
Regular Share 0.10% 0.10% $25
Statement Savings 0.10% 0.10% $25
All Purpose Club 0.10% 0.10% $10
Christmas Club 0.10% 0.10% $10
NOW Checking No interest No interest $10
Super NOW Checking 0.10% 0.10% $2,500
Super NOW Checking 0.05% 0.05% $10 - $2,499
Online Checking 0.10% 0.10% $500
Money Market 0.20% 0.20% $100,000
Money Market 0.15% 0.15% $50,000 - $99,999
Money Market 0.15% 0.15% $10,000 - $49,999
Money Market 0.15% 0.15% $2,500 - $9,999
Money Market 0.10% 0.10% $10 - $2,499

 

 

Term Certificates***

 
         Account Type         Interest RateAPY*Minimum Deposit to Open**
6 Month***** 0.25% 0.25% $500
7 Month***** 0.25% 0.25% $500
12 Month 0.40% 0.40% $500
18 Month 0.60% 0.60% $500
24 Month 0.75% 0.75% $500
30 Month 0.80% 0.80% $500
36 Month 0.95% 0.95% $500
48 Month 1.05% 1.05% $500
60 Month 1.30% 1.31% $500

 

 

IRA**** 

 
         Account Type         Interest RateAPY*Minimum Deposit to Open**
6 Month***** 0.25% 0.25% $500
7 Month***** 0.25% 0.25% $500
12 Month 0.40% 0.40% $500
18 Month 0.60% 0.60% $100
24 Month 0.75% 0.75% $500
30 Month 0.80% 0.80% $500
36 Month 0.95% 0.95% $500
48 Month 1.05% 1.05% $500
60 Month 1.30% 1.31% $500

 

* APY = Annual Percentage Yield.

** Minimum Deposit refers to the minimum balance to obtain the APY.

*** Penalty for early withdrawal may be imposed.

**** Fees may reduce earnings. Penalty for early withdrawal may be imposed.

***** Annual percentage yield is based on the assumption that the account will be rolled over at maturity for the same term and remain on deposit for one year. The existing interest rate may not be available at maturity.

Rates may change after the account is opened. Fees could reduce earnings.

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Consumer Loan Rates

Click here to view more information on SCU's consumer loan rates.

Click here to view more information on SCU's consumer loan rates in Spanish.

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Mortgage Rates

Click here to view more information on SCU's mortgage rates and to apply online.

Printable Mortgage Rates

Printable Home Equity Rates

 

 

Home Equity Loan - First Lien - Fixed Rate - Owner Occupied Only

 
TermLTVInterest RateAPR*Monthly Payment**
5 Years 80% 3.125% 3.125% $18.03 per $1,000
10 Years 80% 3.250% 3.250% $9.78 per $1,000
Minimum loan amount for Home Equity Loan - First Lien is $25,000.

 

 

Home Equity Loan - Fixed Rate - Owner Occupied Only

 
TermLTVInterest RateAPR*Monthly Payment**
5 Years 80% 4.000% 4.000% $18.42 per $1,000
10 Years 80% 3.375% 3.418% $9.84 per $1,000
15 Years 80% 3.50% 3.529% $7.15 per $1,000
20 Years 80% 4.125% 4.148% $6.13 per $1,000
Minimum loan amount for Home Equity Loan - Second Lien is $10,000.
We will lend up to 75% of the AVM value of the property less any existing first mortgage lien. If an appraisal is requested, the fee is $250.00. There are closing costs of $175.00 on our Equity Loans.
Property Insurance is required to open and maintain a Home Equity Loan.

 

 

Home Equity Lines of Credit - Owner Occupied Only

 
Interest Rate is a Fixed Rate of 1.99% for the first 12 months billing cycles. Thereafter, it will be equal to the Prime Rate with a minimum interest rate of 3.99%. The maximum interest rate is 15.00%. Prime Rate is currently 3.25%.
There is a 10 year draw period and a 10 year repayment period.
Minimum loan amount is $10,000.00; maximum loan amount is $250,000.00.
We will lend up to 75% of the AVM value of the property less any existing first mortgage lien. If an appraisal is requested, the fee is $250.00. There are closing costs of $175.00 on our Home Equity Lines.
Property insurance is required to open and maintain a Home Equity Line of Credit.
Available on Equity Lines new to Southbridge Credit Union.

 

*APR = Annual Percentage Rate

** Your payment does not include taxes and insurance.  Your payment may be greater if the loan is secured by a first lien.

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