Rates

Rates

Emerald Group Credit Union offers its membership great rates on both deposit and loan services. Maximize your rate by using as many of our outstanding services as possible. You may be eligible for up to a .50% discount on many loan products and up to a .10% premium on savings certificates. See our Emerald Account eligibility criteria. Money Fund account rates are tiered and pay a higher rate on larger balances. The rates on lending products are based on credit and employment history, value of security and income levels.

 

 

RATES ARE SUBJECT TO CHANGE Emerald Discount: Up to 0.50% off base APR is subtracted

Loans	Rate	APR*	Term
New Auto - 2008 to 2012 - as low as	1.99	1.99	36
Used Auto - 2007 and Older - as low as	3.49	3.49	48
First Mortgage Refinancing 10 Year Fixed Rate (No Emerald Discount Available)	3.75	3.75	120
First Mortgage Refinancing- 20 Year Balloon Payment (No Emerald Discount Available)	4.35	4.35	360
Home Equity Line of Credit as low as (No Emerald Discount Available)	3.00	3.00	96
Home Equity Second Mortgage (Fixed Rate) - as low as	3.45	3.45	60
Visa Classic Credit Card - as low as	16.95	16.95	n/a
Visa Platinum Credit Card - as low as (Intro Rate for 6 Months)	2.95	2.95	n/a
CU-Thru Cash Advance **Discontinued for New Applicants**	15.0	15.0	30 days
"Quick Cash" Loan (Closed or Open End Line of Credit) - as low as	8.49	8.49	60
Motor Homes/Campers/Boats (New) - as low as	3.49	3.49	72
Motorcycles (New) - as low as	1.99	1.99	36
Pledged Shares (3% Above Rate Shares Are Earning)	3.10	3.10	60

Home equity line of credit is a variable rate: may adjust semi annually to the prime rate plus/minus any margin.
Pledged shares rate is 3% above the rate which the collateral is earning.


REGULAR SAVINGS ACCOUNT:

Savings	minimum Balance	DividendRate	APY*	Term
Regular shares	$100	0.10	0.10	n/a
Money Market Account (Balances of $1,000-$19,999.99)	$1,000	0.15	0.15	n/a
Money Market Account (Balances of $20,000-$49,999.99)	$20,000	0.20	0.20	n/a
Money Market Account (Balances of $50,000 and more)	$50,000	0.30	0.30	n/a

Compounding and crediting: Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Minimum balance requirements: You must maintain a minimum average daily balance of $100.00 in your account to obtain the disclosed percentage yield.

Average daily balance computation method: Dividends are calculated by the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.

Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

VARIABLE CLUB ACCOUNT:

Rate Information: The dividend rate and annual percentage yield may change every quarter.

Compounding and crediting: Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend period: For this account type, the dividend period is quarterly. For example, the beginning date of the first dividend period of the calendar year is March 31, and the ending date of such dividend period is December 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is March 31.

If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements: The minimum balance required to open this account is $1,000.00. You must maintain a minimum average daily balance of $1,000.00 in your account to obtain the disclosed annual percentage yield.

Average daily balance computation method: Dividends are calculated by the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the week.

Transaction limitations: No more than two withdrawals are allowed each calendar month. A service charge fee of $5.00 may be charged for each withdrawal in excess of two during a calendar month. Minimum withdrawal is $500.00.
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*APY = Annual Percentage Yield

CERTIFICATES:

Certificates - As of  January 21, 2012. Rates are subject to change. (Emerald Accounts include a 0.10% bonus.)	Minimum Deposit	Dividend Rate	APY*	Term
6 Month Certificate (Rate includes a 0.10% bonus for new deposit)	$1,000	0.50	0.50	6
12 Month Certificate (Rate includes a 0.10% bonus for new deposit)	$1,000	0.60	0.60	12
18 Month Certificate (Rate includes a 0.10% bonus for new deposit)	$1,000	1.00	1.00	18
24 Month Certificate (Rate includes a 0.10% bonus for new deposit)	$1,000	0.90	0.90	24
30 Month Certificate (Rate includes a 0.10% bonus for new deposit)	$1,000	1.00	1.00	30
36 Month Certificate (Rate includes a 0.10% bonus for new deposit)	$1,000	1.19	1.20	36
48 Month Certificate (Rate includes a 0.10% bonus for new deposit)	$1,000	1.49	1.50	48
60 Month Certificate (Rate includes a 0.10% bonus for new deposit)	$1,000	1.79	1.80	60
New certificates over $70,000 earn an extra 0.10% Bonus

Effect of closing an account: If you close your account before dividends are paid, you will not receive the accrued dividends up to 180 days.

Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the amount each day.

Transaction limitations: After the account is opened, you may not make additions to the account until the maturity date stated on the account.

You may make withdrawals of principle from your account before maturity.
Principle withdrawn before maturity is included in the amount subject to early withdrawal penalty.
You cannot withdraw dividends from your account before maturity.

Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity)

The penalty we may impose is the greater of:
seven days dividends, on the amount withdrawn subject to penalty, if the withdrawal is made within the first six days after the deposit , or all dividends that have been earned up to 180 days. In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. (See your plan disclosure if this account is part of an IRA or other tax qualified plan.) You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.