 |
|
JULY SURVEY: Mobile Banking
| SAVINGS RATES |
| IRA Account |
2.25% |
2.27% APY* |
Prestige Account
Minimum Balance $100,000 |
3.00% |
3.03% APY* |
Platinum Account
Minimum Balance $50,000 |
2.75% |
2.77% APY* |
Diamond Account
Minimum Balance $10,000 |
2.25% |
2.26% APY* |
Gold Account
Minimum Balance $5,000 |
2.00% |
2.01% APY* |
Silver Account
Minimum Balance $1,000 |
1.75% |
1.76% APY* |
Regular Savings & Club Accounts
Minimum Balance to earn dividends is $200 |
.75% |
.75% APY* |
|
You must maintain a minimum daily balance in each account type each day to obtain the disclosed annual percentage yield. You will earn dividends for every day during the period that your account equals or exceeds the minimum daily balance requirement.
*APY - Annual Percentage Yield
Club Accounts can be for Christmas, Vacations, Insurance, Rainy Days, or any purpose you would
like. Great for budgeting.
| CHECKING RATES |
Worry Free Checking / Members Choice Checking
Minimum Daily Balance $500.00 |
.25% |
.25% APY* |
|
e.Rewards Checking+ |
4.00% |
4.07% APY* | * APY - Annual Percentage Yield
+The divident rate for your account will be based on the monthly requirements for this account. Monthly requirements are performing 10 check card transactions, receiving electronic statements, accessing XpressLink Online Banking, and one direct deposit. If requirements are not met per month, your account will still function as a free checking acount earning the Worry Free Checking account rate; and will not receive ATM refunds for that time period. Dividends will be compounded monthly and will be credited to your account monthly.
Retirement Savings and Planning
- Retirement Income Calculator - Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement.
Savings Calculators
- Savings Calculator - Find out how consistent investments over a number of years can be an effective strategy to accumulate wealth.
- Savings Goals - What will it take to reach your savings goal? This financial calculator helps you find out
Listed rates are subject to change without notice.
|
| LOAN RATES |
| Titled Vehicles (2006 and newer) |
| 24 Months |
4.50% APR* |
| 36 Months |
5.00% APR* |
| 48 Months |
5.25% APR* |
| 60 Months |
5.50% APR* |
| 72-120* Months |
6.00% APR* |
| Titled Vehicles (2003-2005) |
| 24 Months |
5.25% APR* |
| 36 Months |
5.50% APR* |
| 48 Months |
5.75% APR* |
| 60 Months |
6.25% APR* |
| Titled Vehicles (2002 and older & $2,500 and higher) includes motorcycles & boats |
| 24 Months |
6.25% APR* |
| 36 Months |
6.75% APR* |
|
These are the best rates assuming 4 of the following ELGA services are used:
1. Checking
2. VISA
3. Direct Deposit of Net Pay
4. Online Application is used for loan
5. Automatic Payment Transfer
Add 0.25% for each service less than 4 being used.
MAXIMUM ADD is 1.00%
*Not good with any other offers*
Talk to an associate for complete details.
|
| Jet Skis, Snowmobiles, ATVs, Dirt Bikes |
7.50% APR* |
| Unsecured Signature Loans |
12.20% APR* |
| Unsecured Home Improvement Loans |
9.99% APR* |
| Share Secured Loans - 12 to 60 months |
2.00% APR* above Secured Savings Rate, min. 3.99%. |
| Share Secured Loans - Over 60 months |
3.00% APR* above Secured Savings Rate, min. 3.99%. |
|
*APR - Annual Percentage Rates
Rates are based on your credit bureau score & use of other services.
All rates are quoted "as low as"
The rates listed above are offered to members who have excellent credit and sufficient income to meet the payment. Rates increase if there have been previous credit problems.
Auto Calculators
- Auto Loans - Find out how much automobile you can buy based on your monthly payment, or find out your loan payment based on your purchase price!
- Lease vs. Buy - Should you lease your next automobile or finance it? Find out with this calculator!
Other Loans |
| HOME EQUITY - Loan to Value up to 89% |
| 5 Years |
6.24% APR* |
| 7 Years |
7.00% APR* |
| 10 Years |
7.25% APR* |
| 15 Years |
7.50% APR* |
|
| HOME EQUITY - Loan to Value 90% to 100% |
| 5 Years |
7.99% APR* |
| 7 Years |
8.75% APR* |
| 10 Years |
9.00% APR* |
| 15 Years |
9.25% APR* |
|
| HOME EQUITY LINE OF CREDIT |
| Line of Credit |
5.00% APR* |
|
|
*APR - Annual Percentage Rates |
Based on Prime Rate-Adjusts Quarterly
Rates are based on your credit bureau score & use of other services.
All rates are quoted "as low as"
The rates listed above are offered to members who have excellent credit and sufficient income to meet the payment. Rates increase if there have been previous credit problems.
VISA |
| VISA CARD TYPE |
Annual Percentage Rate |
Other APR Balance Transfer Cash Adv. |
Late Payment Penalty APR |
Method of Computing Balance for Purchases |
Grace Period for Repayment of Purchases |
Late Fee |
Over Limit Fee |
Annual Member Fee |
| Platinum |
9.90%^ APR* |
9.90% APR* |
17.90% APR* |
Avg / Daily Balance |
25 Days |
$10.00 |
None |
None |
|
|
*APR - Annual Percentage Rates | *As Low As 9.90%.
The Platinum Card rate is determined by your credit bureau score and may be 9.90%-14.90%-15.90%-17.90% APR.
^If payment is received thirty (30) days late, the APR will adjust to 17.90% on the entire balance |
The exact Daily Periodic rate and Annual Percentage Rate is based on a credit score which we obtain from our credit reporting services, your income and ability to make payments.
The Daily Periodic Rate and Annual Percentage Rate applicable will be sent to you in your approval letter.
Credit Cards and Debt Management
- Credit Card Payoff - Use this calculator to see what it will take to payoff your credit card balance, and what you can change to meet your repayment goals.
- Personal Debt Consolidation - Should you consolidate your debt? This calculator is designed to help determine if debt consolidation is right for you.
Loan Calculators
- Amortizing Loan Calculator - Enter your desired payment - and let us calculate your loan amount or enter in the loan amount and we will calculate your monthly payment!
- Loan Comparison Calculator - Use this calculator to sort through the monthly payments, fees and other costs associated with comparing loan options.
Term Share Accounts (Certificates)
- Minimum Balance to Open: $1,000
- Dividends paid quarterly (Mar 31, Jun 30, Sep 30, Dec 31)
- Dividends compounded quarterly
- Dividend Period: Three (3) months
|
| CD RATES - $1,000+ |
| TERM |
DIVIDEND RATE |
ANNUAL PERCENTAGE YIELD (APY) |
| 1 Year |
2.72% |
2.75% APY |
| 2 Year |
2.97% |
3.00% APY |
| 3 Year |
3.16% |
3.20% APY |
| 4 Year |
3.36% |
3.40% APY |
|
| Flexible Term $5,000+ 7-12 Months |
2.48% |
2.50% APY |
|
For information on investment products (Stocks, Bonds, Mutual Funds, REITs, Annunities)
please click here. |
This page last updated on: 7/3/2008 1:57 pm
ELGA Credit Union
|
