Rates
SHARE ACCOUNT DIVIDEND RATES:
| AMOUNT: |
APYE: |
| $0.01 - $2,500.99 |
0.05% |
| $2,501.00 - 10,000.99 |
0.15% |
| $10,001.00 - 20,000.99 |
0.30% |
| $20,001.00 and > |
0.60% |
| APYE=Annual Percentage Yield Earned |
These rates effective January 1, 2010
CERTIFICATES OF DEPOSIT:
$5000 minimum deposit 12 month
term 1.50% APR
LOAN RATES:
Rates will be dependent upon the member's qualifications based on the Credit
Union's credit scoring system.
| Secured Loans |
APR: |
Term: |
| A |
5.25% |
48 months |
| B |
6.25% |
48 months |
| C |
7.25% |
48 months |
| D |
10.00% |
48 months |
| |
|
|
Share Pledged Loans |
|
Maximum Term: |
| |
5.00% |
72 months |
| |
|
|
| Unsecured Loans |
|
Maximum Term: |
| A |
10.00% |
36 months |
| B |
12.00% |
36 months |
| C |
15.00% |
36 months |
| D |
18.00% |
36 months |
| |
Secured Rates listed above reflect the maximum discounts
applied
.25% for having an active checking account
.25% for payroll deduction or automatic payments set up
MATCH RATE PROGRAM:
Members in good standing rated Tier A or
B qualify for this benefit.
SODES Federal Credit Union staff can match an interest rate on a new secured loan
when the member proves they can obtain a lower rate through another financial
institution.
Are you planning on purchasing a
vehicle? Use NADA's website to find the retail value of the vehicle to
make sure you are getting a fair price. Click on the car to enter NADA's
website.
|