Savings Rates in effect as of 06/27/08. Subject to change without notice.
APR = Annual Percentage Rate. APY = Annual Percentage Yield.
Savings & Investment Accounts
| Term Share Certificates - Compound Daily | |||
| Term |
Minimum
Deposit |
APR |
APY |
| 3 months | $1,000 |
2.50% |
2.53% |
| 6 months | $1,000 |
2.75% |
2.79% |
| 12 months | $500 |
3.00% |
3.05% |
| 18 months | $500 |
3.25% |
3.30% |
| 36 months | $500 |
3.50% |
3.56% |
| 60 months | $500 |
3.75% |
3.82% |
| Dividends compounded daily and credited monthly. | |||
"New Money"
Term Share Certificate Rates
The Credit Union will add an extra dividend of .25% to the regular Term
Share Certificate dividend rate (for the applicable term) for Certificates
opened with funds "new" to the Credit Union - that is, funds
not currently on deposit with Hospitality FCU.
"Jumbo Rate"
Term Share Certificates
The Credit Union will add an extra dividend of .50% to the regular Term
Share Certificate dividend rate (for the applicable term) for Certificates
opened in the amount of $50,000 or more.
A penalty may be imposed for funds withdrawn before the maturity date.
| Share Savings Account - Compound Quarterly | ||
| Average
Daily Balance |
APR | APY |
Under $500 |
0.0% | 0.0% |
| $500
- $2,499.99 |
0.25% | 0.25% |
| $2,500
- $4,999.99 |
0.40% | 0.40% |
| $5,000
- $9,999.99 |
0.60% | 0.60% |
| $10,000
- $24,999.99 |
0.75% | 0.75% |
$25,000 - OVER |
1.00% | 1.00% |
| Dividends compounded and credited quarterly. | ||
| Holiday Club Account - Compound Annually | ||
| Average
Daily Balance |
APR | APY |
| $0.
or more |
2.50% | 2.50% |
| Dividends paid annually; no compounding. | ||
| Money Market Account - Compound Monthly | ||
| Average
Daily Balance |
APR | APY |
| $1,000
- $4,999.99 |
0.75% | 0.75% |
| $5,000
- $14,999.99 |
0.75% | 0.75% |
$15,000 - $24,999.99 |
1.00% | 1.00% |
$25,000 - $49,999.99 |
1.25% | 1.26% |
| $50,000.00
- OVER |
1.50% | 1.51% |
| Dividends compounded and credited monthly. | ||
| Platinum Money Market Account - Compound Monthly | ||
Average Daily Balance |
APR | APY |
$10,000 - $24,999.99 |
1.75% | 1.76% |
$25,000 - $49,999.99 |
2.25% | 2.27% |
$50,000.00 - ABOVE |
2.50% | 2.53% |
| Dividends compounded and credited monthly. | ||
| Individual Retirement Accounts | ||
| Type | APR | APY |
| IRA Savings Account | 2.00% | 2.02% |
| IRA Certificate (18 months) | 3.50% | 3.56% |
| Dividends compounded and credited monthly. $500 minimum deposit on IRA Certificates. | ||
Contact an HFCU Member Service Representative at (901) 684-7200 for current dividend rates and additional information about share accounts.
Loans
Actual rate is determined based on creditworthiness of individual applicant.
Loan Rates in effect as of 06/27/08. Subject to change without notice.
APR = Annual Percentage Rate. APY = Annual Percentage Yield.
| Unsecured Signature Loans | |
| Type | APR |
| Signature Loans | 8.75%
- 17.95% |
| Maximum loan/credit limit is 2 months' gross income. Maximum loan term 36 months. | |
| Type |
APR
|
| VISA Credit Cards |
Variable Rates: Starting as low as Prime +1% Currently 6.00% |
| Lines of Credit | 10.00% as of 01/01/08 |
| Maximum loan/credit limit is 2 months' gross income. Maximum loan term 36 months. | |
| Auto Loans | APR |
| 24
months |
4.25%
to 17.95% |
| 36
months |
4.75%
to 17.95% |
| 48
months |
5.25%
to 17.95% |
| 60
months |
5.50%
to 17.95% |
THESE RATES APPLY TO ALL MODELS 2002 AND NEWER
****** ADD 1% FOR 2005– 2006 MODELS ******
**** ADD 1.5% FOR 2002– 2004 MODELS ****
Longer Terms Available Upon Request
| LTV as of 11-1-06 |
||||
|---|---|---|---|---|
BELOW 85% |
85%-94% |
106%-115% |
116%-125% |
|
SUBTRACT 1% |
SUBTRACT 0.5% |
ADD 1% |
ADD 2% |
| Older Used Vehicle Loans 1998-2001 model vehicles | APR |
| Maximum term 36 months. Loan amount not to exceed vehicle's retail value. | 8.75%
- 17.95% |
Types of vehicles which can be financed with a Hospitality FCU New or Used Vehicle Loan include cars, trucks, vans, motorcycles, boats and RVs.
| Home Equity Line-Of-Credit Loans | APR |
| 80%
Loan-To-Value |
Prime - .50% to Prime + 4.00% |
| 90%
Loan-To-Value |
Prime + .50% to Prime + 5.00% |
| 100%
Loan-To-Value |
Prime + 1.50% to Prime + 6.00% |
| Second Mortgages | APR |
80% Loan-To-Value |
Prime to Prime + 5 |
90% Loan-To-Value |
Prime + 1% to Prime + 6 |
100% Loan-To-Value |
Prime + 2% to Prime + 7 |
| Maximum term 7 years. Maximum loan $100,000. | |
Calculate Monthly Loan Payments
Calculate The Growth Of A Savings/Investment Product
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