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All rates, including certificates of deposit, are subject to change without notice.
Please contact Michigan Services Credit Union for the latest rates.
Savings Rates (APY = Annual Percentage Yield)
|
IDA (Investment Daily Account)
(minimum balance to open & earn interest) |
As of August 1, 2010 |
| $1,000 - $2,499.99 |
0.10% APY* (Annual Percentage Yield) |
| $2,500 - $9,999.99 |
0.15% APY* |
| $10,000 - $24,999.99 |
0.20% APY* |
| $25,000 - $49,999.99 |
0.25% APY* |
| $50,000 and over |
0.30% APY* |
The IDA above is a variable rate account, and the rate is subject to change after opening, and monthly thereafter.
- Regular Share Account: .10% APY (Annual Percentage Yield), minimum balance $100; variable rate adjusts quarterly. Rate as of 6/01/2010.
- Individual Retirement Account (IRA) minimum balance: $250, .20% APY (Annual Percentage Yield); variable rate adjusts monthly. Rate as of 8/01/10.
- Christmas Club Dividend .25% APY (Annual Percentage Yield) declared October 2009.
- You Name It Account: .10% APY (Annual Percentage Yield), minimum balance $100; variable rates adjusts quarterly. Rate as of 6/01/2010.
Certificates of Deposit : Penalty for early withdrawal
(please contact us for rates and terms for over $75,000)
| $10,000.00 MINIMUM |
As of August 25,2010 |
| Duration |
APY * *(Annual Percentage Yield) |
| 90 DAY |
0.30%* |
| 6 MONTH |
0.50%* |
| 1 YEAR |
0.75%* |
| 2 YEAR |
1.25%* |
| 3 YEAR |
1.55%* |
| 5 YEAR |
2.30%* |
| $2,500.00 MINIMUM |
|
| 6 MONTH |
0.35%* |
| 1 YEAR |
0.65%* |
| 2 YEAR |
0.95%* |
| 3 YEAR |
1.00%* |
| $500.00 MINIMUM |
|
| 90 DAY |
0.15%* |
| 6 MONTH |
0.30%* |
| 1 YEAR |
0.50%* |
| 2 YEAR |
0.65%* |
| 3 YEAR |
0.75%* |
| 5 YEAR |
0.95%* |
All accounts at Michigan Services Credit Union are insured to at least $250,000,000 by the full faith and credit of the United States Government: NCUA, a U.S. government Agency
Real Estate Loans:
Click below and visit our "Mortgage Center" if you're in the market for a new home, or just a new mortgage on the home you own.
HOME EQUITY-Use the equity in your home to help you reach your goals. Now offering a 4.49% APR* Introductory Rate for the first 2 years on our home "Equity Advantage" lines of credit. At end of 2 years the rate will revert to 1/2% below prime, with a floor rate of 5% APR* (current APR* 5.00%). Call for further details.
Other Loan Rates
The rates on most new loans with Michigan Services Credit Union will be determined by your credit experience. Our "Just Rewards" lending program rewards our most credit worthy members with the best rates we offer, and will in most cases, still provide better rates to our members with weaker credit histories, than might be offered elsewhere.
Relationship Discounts: Thanks for Your Business!
We lower your interest rate .25%, up to a maximum of 1.25% (on most closed-end loans) for each of the following relationships:
-
Privilege Member Checking (checking backed by Privilege Member overdraft loan)
-
VISA credit card (see Visa page)
-
Payroll deduction or Direct Deposit
-
Certificate of Deposit ($500 minimum)
-
Equity Advantage Home Equity Line of Credit
-
AAA membership
This is our way of saying "Thanks for Your Business". It rewards you for contributing to our success and hopefully encourages you to see MSCU first for all your financial needs.
Please contact the credit union for rates on extended terms not listed below.
Auto Loan Rates (Relationship Discounts do NOT apply to these auto loan rates).
|
Loan Type |
APR* (Annual Percentage Rate) |
| 20010-2006 |
3.79%* to 8.79%* up to 60 months |
| |
3.99%* to 8.99%* up to 72 months |
| Used 2005-2001 |
5.99%* to 10.99%* up to 48 months |
Relationship Discounts apply to all the loans below!
Motorcycle, RV and Jetski Loan Rates
|
Loan Type |
APR* (Annual Percentage Rate) |
| New and Used |
7.25%* to 12.25%* up to 60 months |
| |
7.50%* to 12.50%* up to 72 months |
| |
7.99%* to 12.99% up to 84 months |
Boat Loan Rates
|
Loan Type |
APR* (Annual Percentage Rate) |
| New and Used |
5.50%* to 10.50%* up to 60 months |
| |
6.25%* to 11.25%* up to 72 months |
| |
7.00%* to 12.00%* up to 84 months |
Visa and Privilege Member Line of Credit (overdraft)
|
VISA Card (No Annual Fee & 25 day grace period on purchases) Cash advance rate is the same as for purchases! NO balance transfer fees.
For more information: |
See Visa.
|
| Privilege Member Line of Credit (credit scores above 680) |
8.99%* |
| Privilege Member Line of Credit (credit scores of 679 or below) |
13.99%* |
Signature Loan Rates
| Up to 12 months |
7.49%* to 15.49%* |
| Up to 36 months |
8.99%* to 16.99%* |
| Up to 60 months |
9.99%* to 17.99%* |
*APR = Annual Percentage Rate |
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Call us today at 248-440-6790. | |
