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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) |
As of July 1 2008 |
| $1000 - $2499.99 |
0.50% APY (Annual Percentage Yield) |
| $2500 - $9999.99 |
1.50% APY |
| $10000 - $24999.99 |
1.75% APY |
| $25000 - $49999.99 |
1.85% APY |
| $50000 and over |
2.00% APY |
- Regular Share Account: .45% APY (Annual Percentage Yield), minimum balance $100 (07/01/08)
- Individual Retirement Account (IRA) minimum balance: $250 1.00% APY (Annual Percentage Yield) (07/01/08)
- Christmas Club Dividend .50% APY (Annual Percentage Yield) declared October 2007
- You Name It Account: .45% APY (Annual Percentage Yield), minimum balance $100 (07/01/08)
Certificates of Deposit (please contact us for terms for over $75,000)
Specials:
New Member/New Money:90 days; $2,500 minimum; 3% APY
15 month; $2,500 minimum; 3.00% APY*
| $10,000.00 MINIMUM |
|
| Duration |
APY * *(Annual Percentage Yield) |
| 90 DAY |
2.00% |
| 6 MONTH |
2.50% |
| 1 YEAR |
2.75% |
| 2 YEAR |
2.95% |
| 3 YEAR |
3.75% |
| 5 YEAR |
4.00% |
| $2,500.00 MINIMUM |
|
| 6 MONTH |
2.50% |
| 1 YEAR |
2.60% |
| 2 YEAR |
2.75% |
| 3 YEAR |
2.90% |
| $500.00 MINIMUM |
|
| 90 DAY |
1.50% |
| 6 MONTH |
1.60% |
| 1 YEAR |
2.00% |
| 2 YEAR |
2.15% |
| 3 YEAR |
2.15% |
| 5 YEAR |
2.15% |
All accounts at Michigan Services Credit Union are insured to at least $100,000 by the full faith and credit of the United States Government: NCUA, a U.S. government Agency
HOME EQUITY
4.49%* Introductory Rate for first 2 years on our home "Equity Advantage" lines of credit. At end of 2 years will revert to 1/2% below prime, but with a floor rate of 5% (currently 6.00% APR*)
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
We lower your interest rate on most closed-end loans up to a maximum of 1.25% for each of the following relationships:
-
Privilege Member Checking (checking backed by Privilege Member overdraft loan)
-
VISA credit card
-
Payroll deduction or Direct Deposit
-
Certificate of Deposit ($500 minimum)
-
Equity Advantage Home Equity Line of Credit
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
|
Loan Type |
APR* (Annual Percentage Rate) |
| 2008-2004 |
5.29%* to 10.29%* up to 48 months |
| |
5.79%* to 10.79%* up to 60 months |
| Used 2003-1999 |
6.29%* to 11.29% up to 48 months |
Motorcycle, RV and Jetski Loan Rates
|
Loan Type |
APR* (Annual Percentage Rate) |
| New and Used |
6.99%* to 11.99%* up to 60 months |
| |
7.29%* to 12.29%* up to 72 months |
| |
7.79%* to 12.79% up to 84 months |
Boat Loan Rates
|
Loan Type |
APR* (Annual Percentage Rate) |
| New and Used |
6.99%* to 11.99%* up to 60 months |
| |
7.29%* to 12.29%* up to 72 months |
| |
7.79%* to 12.79%* up to 84 months |
VISA Rates, Privilege Member Line of Credit (overdraft), and Revolving Credit
|
VISA Card (no annual fee & 25 day grace period on purchases) Cash advance rate is the same as for purchases! |
Line of Credit |
|
Revolving Credit |
| 8.95%* Platinum |
8.99%* |
|
10.99%* |
| 13.99%* Classic |
13.99%* |
|
13.99%* |
Signature Loan Rates
| Up to 12 months |
7.29%* to 15.29%* |
| Up to 36 months |
9.29%* to 17.29%* |
| Up to 60 months |
9.99%* to 17.99%* |
*APR = Annual Percentage Rate |
|
Auto Calculators
Auto Loans - Find out how much automobile you can buy based on your monthly payment, or find out your loan payment based on your purchase price!
Lease vs. Buy - Should you lease your next automobile or finance it? Find out with this calculator!
Business Calculators
Financial Ratios - This calculator help you to zero in on areas of your business that may need attention. Areas such as solvency, liquidity, operational efficiency and profitability.
Credit Cards and Debt Management
Credit Card Payoff - Use this calculator to see what it will take to payoff your credit card balance, and what you can change to meet your repayment goals.
Personal Debt Consolidation - Should you consolidate your debt? This calculator is designed to help determine if debt consolidation is right for you.
Investment Calculators
Investment Returns - There is more to investing than knowing your annual rate of return. Use this calculator to help you see how inflation, taxes and your time horizon can impact your bottom line.
Loan Calculators
Amortizing Loan Calculator - Enter your desired payment - and let us calculate your loan amount or enter in the loan amount and we will calculate your monthly payment!
Loan Comparison Calculator - Use this calculator to sort through the monthly payments, fees and other costs associated with comparing loan options.
Mortgage Calculators
Mortgage Payoff - Save thousands of dollars in interest by increasing your monthly mortgage payment.
Refinance Breakeven - Use this calculator to see how much interest you can save if you refinance your mortgage.
Personal Finance
Home Budget Analyzer! - Analyze your budget, see where your money goes and find out where you can improve!
Retirement Savings and Planning
Retirement Income Calculator - Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement.
Savings Calculators
Savings Calculator - Find out how consistent investments over a number of years can be an effective strategy to accumulate wealth.
Savings Goals - What will it take to reach your savings goal? This financial calculator helps you find out.
Tax Calculators
U.S. 1040 Tax Estimator - How much tax will you pay in 2002? Use this 1040 tax calculator to help determine your tax bill for 2002. | |
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