All the best rates in town.
| Product | Term | Fixed | Variable |
|---|---|---|---|
| 2006 & Newer Vehicles | up to 72 months* | 6.25% | n/a |
| 2004 & 2005 Vehicles | up to 60 months* | 7.25% | n/a |
| 2002 & 2003 Vehicles | up to 48 months* | 8.25% | n/a |
| 2001 & Older Vehicles | up to 36 months | 9.25% | n/a |
| *Longer terms may be available. | |||
| Recreational Vehicles: | up to 180 months | 7.50% | n/a |
| Home Equity Loan SPECIAL! | up to 84 months | 6.65% | n/a |
| Home Equity — Line of Credit | n/a | n/a | as low as 8.00%* |
| Home Equity Loan - closed end | up to 180 months | 7.25% | n/a |
| Home Improvement Loan | 60 months | 8.25% | n/a |
| Visa Classic Credit Card | call for rate | n/a | |
| Visa Gold Credit Card | n/a | call for rate | |
| Visa Platinum Credit Card | call for rate | n/a | |
| Signature/Any Loan | 12 months | 9.50% | n/a |
| Signature/Any Loan | 24 months | 9.50% | n/a |
| Signature/Any Loan | 36 months | 9.50% | n/a |
| Signature/Any Loan | 48 months | 9.50% | n/a |
| Signature/Any Loan | 60 months | 9.50% | n/a |
| Share Pledged Loan | 60 months | 4.50% | n/a |
| Certificate Pledged Loan | 60 months | 2% above CD rate | n/a |
| 30, 60 & 90 Day Notes | 9.50% | n/a | |
| Construction Loans | 9 months | 7.25% | n/a |
All rates stated reflect the Annual Percentage Rate (APR). These are our lowest rates available, based on credit history. Your actual rate will reflect your individual circumstances and may be higher than listed. Rates are current as of the stated date and are subject to change.
*Home Equity rates are based on the
percentage of the equity you are
borrowing. Lowest rate available on
Home Equity Line of Credit is Prime
minus 1/4% (8.00%) APR, currently
offered on loans with 80% or less LTV.
Current maximum rate on a Option 1
HELOC is 10.25% APR. Your rate will
never be less than 4% or exceed 18%.
**Can not be used to refinance
existing Option 1 debt. Annual
Percentage Rate (APR) will be based on
credit and loan term, as low as 6.65%
for terms up to 84 months.
Loan-to-value ratio not to exceed 80%
to qualify for this rate. If appraisal
is needed, borrower to incur cost.
Payment Example: The monthly payment
for $20,000 financed at 6.65% APR for
84 months is $295.61.
| Account Name | Min. Balance | APR | APY |
|---|---|---|---|
| Regular Savings* | $5.00 | .49% | .50% |
| Special Purpose Savings* | $0.00 | .49% | .50% |
| Christmas Club | Rate changes annually on Nov. 1st | n/a | .50% |
| Dollar Dog Savings* | $10.00 | .49% | .50% |
| Option 1 Money Market Savings** | $5,000 - $24,999.99 | 1.98% | 2.00% |
| Option 1 Money Market Savings** | $25,000 - $49,999.99 | 2.47% | 2.50% |
| Option 1 Money Market Savings** | $50,000 - $99,999.99 | 2.96% | 3.00% |
| Option 1 Money Market Savings** | $50,000 - $99,999.99 | 2.96% | 3.00% |
| Option 1 Money Market Savings** | $100,000 - $249,999.99 | 3.45% | 3.50% |
| Option 1 Money Market Savings** | $250,000 & over | 3.69% | 3.75% |
| IRA Daily Account* | $0.00 | 0.99% | 1.00% |
| Option Plus Checking Account | $2,000 - $4,999.99 | .50% | .50% |
| Option Plus Checking Account | $5,000 - $9,999.99 | 1.34% | 1.35% |
| Option Plus Checking Account | $10,000 & over | 2.38% | 2.40% |
*These are dividend earning accounts. Dividends are calculated using the Daily Interest Method on the full amount of principal in the account and are paid on calendar quarters. The Board of Directors declares the dividend rate to be paid each quarter based on the profits of the credit union. The rates may change quarterly. If these accounts are closed during the dividend period, the dividend will be forfeited. Fees, if applicable, may reduce the earnings on these accounts. The stated dividend rate on these accounts is for the period ending December 31, 2006.
**These are interest earning accounts. Interest is calculated using the Daily Interest Method on the full amount of principal in the account. Unlike dividends, interest on these accounts is guaranteed for a specific period of time. The stated APY is paid prior to any dividends being declared. Early withdrawals from the Christmas Club account will cause the account to be closed and the loss of all earned interest.
Option Plus Checking: This is a tiered account. Interest is paid on daily balances over $2,000. Interest is compounded and paid monthly.
| Term | Minimum Balance | APR | APY |
|---|---|---|---|
| 6 Month | $500.00 | 4.33% | 4.40% |
| 12 Month SPECIAL | $500.00 | 5.15% | 5.25% |
| 18 Month | $500.00 | 4.67% | 4.75% |
| 24 Month | $500.00 | 4.72% | 4.80% |
| 30 Month | $500.00 | 4.76% | 4.85% |
| 36 Month | $500.00 | 4.91% | 5.00% |
| 48 Month | $500.00 | 4.96% | 5.05% |
| 60 Month | $500.00 | 5.01% | 5.10% |
Certificate rates are subject to change at any time on new deposits. The above rates are effective January 1, 2007. The Annual Percentage Yield (APY) shown above indicates what would be earned if the interest rate remained the same for a 12 month period on a 6 month certificate. Early withdrawal penalty on 5 and 6 month certificate - 90 days loss of interest. Early withdrawal penalty on 12, 18, 24, 30, 36, 48 & 60 month certificates — 180 days loss of interest.
Mortgage Rates
January 05, 2007Option 1 offers you many types of real estate loans including full-service mortgages for home purchases or refinancing. The rates quoted here are indications only and are based on certain underwriting criteria. We update our mortgage rates here on every business day that a rate change occurs, but all rates are subject to change without notice.
Please call our mortgage staff directly: Julie Hielkema at 800.323.2129 or send an email to: julieh@bellcomcu.org for more information.
| Interest Rate | APR* | |
|---|---|---|
| 30 Year Term | 6.375 | 6.500 |
| 20 Year Term: | 6.250 | 6.375 |
| 15 Year Term: | 6.250 | 6.375 |
*APR is based on a loan amount of
$100,000.00 and a 30-day rate lock.
Stated rates are based on a loan
amount of $50,000 or higher.
Maximum Loan: $417,000.00, Minimum
Loan: $10,000.00. Loans under $50,000
require a $500.00 origination fee.
Primary Residence, Vacation Home, &
Owner Occupied Duplex:
Purchase:
5% down payment required from
borrowers own funds.
Cash-Out
Refinance: Borrow up to 90% of
appraised value.
Investment Properties: 10% down: 2.5
points, 15% down: 2 points, 20% down:
1.5 points
Purchase: 10% down
payment required from borrowers own
funds.
Cash-Out Refinance: Borrow
up to 90% of the appraised value.
| Interest Rate | APR** | |
| 30 Year Term | 7.250 | 7.375 |
| 20 Year Term: | 7.250 | 7.375 |
| 15 Year Term: | 7.125 | 7.250 |
**APR is based on a loan amount of
$417,000.00
Maximum Loan:
$650,000.00, Minimum Loan: $417,000.00
Purchase: 5% down payment required for
loans $417,000 or more. 10% down
payment required for loans over
$1,000,000.00 20% down payment
required for loans over
$200,000,000.00
Cash-Out
Refinance: Borrow up to 70% of
appraised value (maximum cash out:
$400,000).
| Interest Rate | APR* | |
|---|---|---|
| 30 Year Term | 6.500 | 6.625 |
| 20 Year Term: | 6.375 | 6.500 |
| 15 Year Term: | 6.375 | 6.500 |
*APR is based on a loan amount of
$100,000. Stated rates are based on a
loan amount of $50,000 or higher, with
a 30- day rate lock.
Maximum
Loan: $417,000.00, Minimum Loan:
$10,000.00. Loans under $50,000
require a $500.00 origination fee.
This loan is only for purchase transactions on one unit primary residences or condos. 3% down payment required from borrowers funds, gift or secured loan.
All 30 year, 20 year and 15 year Fixed Rate Mortgages are fully amortizing loans. The rate will be fixed for the full term of the loan and your monthly principal and interest payments will be level for the term of the loan. There is no prepayment penalty if the loan is paid off before maturity.
Rate Sheet # 3291, updated by SD on 01/05/2007 11:06:13