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Serving the Education Community



Rates

Loan Options

Mortgage

Click here to view today's mortgage rates and to apply online. You’ll also find calculators, product comparison charts and other tools to help you determine which mortgage option works best for your unique needs.


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Home Equity Loan

Rates effective April 1, 2016
  Loan Type  Term  APR  Monthly Payment Per $1,000  Rate As Low As
Second MortgageUp to 5 years3.25%*$18.103.25%Calculator  
 Up to 10 years4.25%$10.264.25%   
 Up to15 years6.00%$8.466.00%   

The Annual Percentage Rate (APR) will be determined by your credit, Loan-to-Value and term. Some restrictions may apply. Consult your tax advisor to determine whether the interest is tax deductible. Rate subject to change without notice.

*In our monthly payment example, with a loan of $100,000, for 5 years, multiply 18.10 x 100 = $1,810 per month; your loan will have a total cost of $108,600 ($1,810 x 60).


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Home Equity Line of Credit (HELOC)

Rates effective April 1, 2016
We have an introductory rate special of 2.99% APR for the first 12 months.
  Loan to Value Ratio  APR  Rate As Low As
< =75%5.00%*Prime - .50%   
75.01% - 85%5.00%*Prime   

Maximum Annual Percentage Rate (APR) under the Plan is 12%. Floor rate of 5% applies. All Credit Union rates and terms are based upon evaluation of applicant(s) credit. Your actual rate and margin may vary. The Annual Percentage Rate (APR) for these variable rate products is based upon the Wall Street Journal Prime Interest Rate rounded to the nearest ¼% (Index), plus the applicable margin. The maximum rate is 12% or the maximum permitted by law, whichever is less. The rate will never go below 5% APR (Floor Plan) at any time during the term of the plan, except during a discount period. The interest rate can change quarterly, up or down by a maximum of 1%. Homeowner’s insurance is required. Consult your tax advisor to determine whether the interest is tax deductible. Some restrictions may also apply.

* Floor Plan.


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Vehicles

Auto Loans

Rates effective April 1, 2016
  Vehicle Type  Term  APR  Monthly Payment Per $1,000  Rates As Low As
New Auto 2016-201736 months1.74%$28.541.74%Calculator  
 48 months1.99%$21.701.99%   
 60 months1.99%*$17.541.99%   
(15,000 Minimum Balance)72 months1.99%$14.761.99%   
(35,000 Minimum Balance)84 months2.99%$13.222.99%   
Used Auto 2009-201636 months1.99%$28.661.99%   
 48 months2.24%$21.822.24%   
 60 months2.49%$17.762.49%   
(15,000 Minimum Balance)72 months2.49%$14.982.49%   
(35,000 Minimum Balance)84 months3.24%$13.343.24%   
Older Used Auto36 months4.49%$29.764.49%   

APR=Annual Percentage Rate. Applications are subject to credit approval, and actual rate is based on your credit. All rates are subject to change without prior notice. Rates shown above are our Premium Loan Rates.

*In our monthly payment example, with a loan of $20,000, for 60 months, multiply $17.54 x 20 = $350.80 per month; your loan will have a total cost of $21,048 ($350.80 x 60).


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Motorcycles, Boats & RVs

Rates effective April 1, 2016
  Vehicle Type  Term  APR  Monthly Payment Per $1,000  Rates As Low As
New Motorcycle 2016-201736 months2.74%*$28.982.74%Calculator  
 48 months2.99%$22.142.99%   
Used Motorcycle 2009-201624 months3.99%$43.443.99%   
New Boat/RV/Motor Home 2016-20175 years2.99%$17.982.99%   
 10 years3.49%$9.903.49%   
Used Boat/RV/Motor Home 2012-20165 years3.49%$18.203.49%   
 8 years3.99%$12.203.99%   
Older Used Boat/RV/Motor Home6 years5.49%$16.345.49%   

APR=Annual Percentage Rate. Applications are subject to credit approval, and actual rate is based on your credit. All rates are subject to change without prior notice. Rates shown above are our Premium Loan Rates.

*In our monthly payment example, with a loan of $10,000, for 36 months, multiply $28.98 x 10 = $289.80 per month; your loan will have a total cost of $10,432.80 ($289.80 x 36).


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Credit Cards

Visa® Cards

Rates effective February 1, 2016
  Visa  Term  APR  Rate As Low As
Visa GoldFixed12.9%12.9%   
Visa RewardsVariable monthly3.50%3.50%   
Visa (no annual fee)Variable monthly9.50%9.50%   

APR=Annual Percentage Rate. Rate subject to change without notice. For complete details, view the Credit Card Application and Solicitation Disclosure.


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Personal Loans

Signature

Rates effective February 1, 2016
  Loan Type  Term  APR  Monthly Payment Per $1,000  Rate As Low As
Signature36 months10.49%$32.4910.49%Calculator  
 48 months10.99%$25.8410.99%   
 60 months11.49%*$21.9911.49%   

APR=Annual Percentage Rate.  Rate subject to change without notice.

*In our monthly payment example, with a loan of $10,000, for 60 months, multiply $21.99 x 10 = $219.90 per month; your loan will have a total cost of $13,194 ($219.90 x 60).


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Secured by Savings

Rates effective February 1, 2016
  Loan Type  Term  APR
Secured by Savings120 monthsShare Rate Plus 3.00%   

APR=Annual Percentage Rate.  Rate subject to change without notice.



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Secured by Certificate

Rates effective February 1, 2016
  Loan Type  Term  APR
CertificateRemaining Certificate TermCertificate Rate Plus 3.00%   

APR=Annual Percentage Rate.  Rate subject to change without notice.


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Savings

Money Markets and IRAs

Rates effective March 28, 2016
  Account Type  Min. Balance  Dividend Rate  APY
Money Market - Tier 1$2,500.40%.40%Calculator  
Money Market - Tier 2$20,000.50%.50%   
Money Market - Tier 3$100,000.60%.60%   
IRA Money Market - Tier 1$2,500.40%.40%   
IRA Money Market - Tier 2$20,000.50%.50%   
IRA Money Market - Tier 3$100,000.60%.60%   
IRA Account$5.05%.05%   

APY=Annual Percentage Yield. Dividends are compounded and credited monthly.


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Certificates and IRAs

Rates effective May 2, 2016
  Account Type  Term  Min. Balance  Dividend Rate  APY  Star Member Dividend Rate  Star Member APY
Certificates60 months$5002.08%2.10%2.28%2.30%   
 48 months$5001.74%1.75%1.94%1.95%   
 36 months$5001.49%1.50%1.69%1.70%   
 24 months$5001.34%1.35%1.54%1.55%   
 12 months$5001.15%1.15%1.34%1.35%   
 6 months$500.60%.60%.80%.80%   
 3 months$500.50%.50%.70%.70%Calculator  

APY=Annual Percentage Yield. Dividends are compounded and credited quarterly. A penalty may be charged for Certificate early withdrawal.

STAR Members are eligible for an additional .20% APY increase on new Certificates and will need to contact an Educational Systems FCU employee for the adjusted APY. 


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Jumbo Certificates

Rates effective June 20, 2016
  Account Type  Term  Min. Balance  Dividend Rate  APY  Star Member Dividend Rate  Star Member APY
Certificates60 months$100,0002.18%2.20%2.38%2.40%   
 48 months$100,0001.84%1.85%2.03%2.05%   
 36 months$100,0001.59%1.60%1.79%1.80%   
 24 months$100,0001.44%1.45%1.64%1.65%   
 12 months$100,0001.24%1.25%1.44%1.45%   
 6 months$100,0000.70%0.70%0.90%0.90%   
 3 months$100,0000.60%0.60%0.80%0.80%   

APY=Annual Percentage Yield. Dividends are compounded and credited quarterly. A penalty may be charged for Certificate early withdrawal.

Jumbo Certificate: A Jumbo Certificate can be opened with a minimum balance of $100,000. Jumbo Certificates offer a .10% APY higher than Regular and IRA Certificates of the same type or term. APYs, terms and disclosures also apply to IRA Certificates and individual retirement accounts. 

Star Members: STAR Members are eligible for an additional .20% APY increase on new Certificates and will need to contact an Educational Systems FCU employee for the adjusted APY.


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Savings and Checking

Rates effective March 28, 2016
  Account Type  Min. Balance  Dividend Rate  APY
Regular Savings*$5.05%.05%Calculator  
Special Purpose Club*-.05%.05%   
Dividend Checking**$500.05%.05%   
Premium Summer Pay Tier 1***-1.98%2.00%   
Premium Summer Pay Tier 2***$20,000.05%.05%   

APY=Annual Percentage Yield.

*Dividends are compounded and credited quarterly.

**Dividends are compounded and credited monthly. A $25 fee will be assessed for early withdrawals from Summer Pay accounts.

***The Premium Summer Pay account is only available for direct deposits received from qualifying school systems and community colleges. The Tier 1 APY applies to average daily balances up to $20,000. The Tier 2 APY applies to average daily balances above $20,000. A $25 fee will be assessed for each early withdrawal. The Premium Summer Pay account distributions will be made to an Educational Systems FCU savings or checking account in four equal proportions on the first and third Friday of July and August. For terms applicable to Standard Summer Pay accounts opened prior to January 1, 2016, please contact the Credit Union for further information pertaining to this account at 301-779-8500.

 


 

 

All rates are subject to change without notice.  Membership eligibility requirements must be met.


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© 2014 Educational Systems Federal Credit Union. All rights reserved.
Educational Systems Federal Credit Union Routing #255077008

PO Box 179, Greenbelt, MD 20768-0179  ·  301.779.8500  ·  800.356.6660
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