|
|
Share, Certificate and Loan Rates
as of July 1, 2010
| |
Minimum Balance
To Open |
Minimum
Balance To
Earn APY |
Dividend Rate |
Annual
Percentage
Yield (APY) |
| Regular Shares |
$5 |
$5 |
0.40% |
0.40% |
| Share Draft/Checking |
$300 |
$300 |
0.10% |
0.10% |
| Money Market |
$2500 |
$2500 |
0.70% |
0.70% |
| |
|
$10,000 |
1.19% |
1.20% |
| Holiday/Vacation Clubs |
$0 |
$0 |
0.50% |
0.50% |
| Traditional/Roth/Educational IRAs |
$100 |
$100 |
1.74% |
1.75% |
| Share Certificates |
|
|
|
|
| 12
months |
$1000 |
$1000 |
1.49% |
1.50% |
| 24 months |
$1000 |
$1000 |
2.13% |
2.15% |
| 36 months |
$500 |
$500 |
2.47% |
2.50% |
| 48 months |
$500 |
$500 |
2.72% |
2.75% |
| Jumbo Share Certificates |
|
|
|
|
|
12 months |
$25,000 |
$25,000-$50,000 |
1.54% |
1.55% |
|
|
$50,001 |
$50,001-$100,000 |
1.59% |
1.60% |
|
|
$100,001 |
$100,001+ |
1.64% |
1.65% |
|
24 months |
$25,000 |
$25,000-$50,000 |
2.18% |
2.20% |
|
|
$50,001 |
$50,001-$100,000 |
2.23% |
2.25% |
|
|
$100,001 |
$100,001+ |
2.28% |
2.30% |
|
36 months |
$25,000 |
$25,000-$50,000 |
2.52% |
2.55% |
|
|
$50,001 |
$50,001-$100,000 |
2.57% |
2.60% |
|
|
$100,001 |
$100,001+ |
2.62% |
2.65% |
|
48 months |
$25,000 |
$25,000-$50,000 |
2.76% |
2.80% |
|
|
$50,001 |
$50,001-$100,000 |
2.81% |
2.85% |
|
|
$100,001 |
$100,001+ |
2.86% |
2.90% |
| IRA Share Certificates |
|
|
|
|
24 months
(min. bal. req. $2000)
|
$2,000 |
$2,000 |
2.13% |
2.15% |
|
Share Accounts dividends are compounded daily and
paid monthly. Dividend Rates and APYs are variable and are subject to
changes. Certain fees and charges may apply to your share account as disclosed
in the current Schedule of Fees. Assessed fees may reduce earnings.
Share Certificate Account dividends are compounded
daily and paid monthy. A penalty may apply if the certificate is redeemed
prior to maturity. Certificates will automatically renew upon maturity
unless otherwise stipulated by the member.
Loan Products
| Loan Type |
Annual Percentage
Rate (APR)* |
Financing Terms |
| New Vehicle |
As low as 4.99% |
100% financing available. Terms
up to 84 months. Purchase price must be $25,000 or more to qualify
for 72 month financing. $40,000 or more for 84 months. 0.25% rate reduction for direct deposit,
allotment or payment by direct debit. |
Used Vehicle/
Recreational
|
As low as 5.75% |
100% financing
available. Terms up to 72 months. Purchase price must be $25,000
or more to qualify for 72 month financing. * 0.25% rate reduction
for direct deposit, allotment or payment by direct debit. |
Signature/Personal
|
As low as 10.00%
|
Terms up to 60 months. Maximum loan
amount $15,000. |
Student/Educational
|
As low as 6.00%
|
Terms up to 48
months. Maximum loan amount $15,000. |
Kwik Cash/Overdraft Line of Credit
|
As low as 10.00%
|
Open-end line of credit. |
| Visa |
As low as 9.50%
|
Open-end line
of credit. No annual fee. |
| *Actual rate may vary and is based
on applicant’s credit history. Loan Repayment Example:
$15,000 at 5.75%; 60 monthly payments of approximately $289 |
|
Share and Certificate Secured Loans
| Share Secured |
Dividend Rate
Plus 3% |
Terms up to 60 months. |
Certificate Secured
|
Dividend Rate
Plus 3% |
Terms available up to the maturity
date of the certificate. |
|
Interest Rates and Interest Computation
Interest rates for loans at your Credit Union will vary according to purpose,
collateral and term. To allow fair comparison, our rates are always quoted
in annual terms — as Annual Percentage Rates.
Interest charges from each payment are computed by the daily rate times
the number of days between payments times the unpaid balance. Click here
for loan
calculators.
If you “shop” other financial institutions for the best loan,
you will find District Government Employees Federal Credit Union offers
a great many advantages. All interest rates are competitively low, and
finance charges are paid only on the declining balance. There are no placement
fees or penalties for early payoff. Loan repayment can be made through
a convenient payroll allotment. Loan protection insurance and disability
insurance are provided at your option and at group discount rates. Download
an application
or for more information, please call 202-671-1626 and ask for
the Loan Zone.
|
