Rates - KCT Credit Union

RATES
Rates Effective as of: October 1, 2016
Savings Accounts
Minimum Balance
$5.00
Divided Rate
0.10%
Checking Accounts
APY*
0.10%
Share Account Dividends are declared by the Board of Directors each calendar
quarter. Share Account Dividends are current as of the Third Quarter 2016.
Savings Accounts include Primary, Second Share, and Third Share.
Christmas Club Accounts
Minimum Balance
$5.00
Divided Rate
0.10%
APY*
0.10%
CD and IRA Accounts
Dividend Rate
0.12%
0.15%
0.20%
0.12%
0.25%
0.30%
0.40%
0.60%
0.75%
Divided Rate
0.05%
0.05%
APY*
0.05%
0.05%
Money Market Accounts
Dividends for Christmas Club Accounts are paid monthly. Christmas Club funds
are deposited to your Primary Share Account each November 1.
Term
Minimum Balance
90 Day
$500
6 Month
$500
12 Month
$500
12 Month
$100
18 Month
$500
24 Month
$500
36 Month
$500
48 Month
$500
60 Month
$500
Minimum Balance
Less than $500
$500 or more
Minimum Balance
$2,500-$9,999
$10,000-$24,999
$25,000-$49,999
$50,000-$99,999
$100,000 or more
Divided Rate
0.12%
0.12%
0.20%
0.20%
0.25%
APY*
0.12%
0.12%
0.20%
0.20%
0.25%
Money Market Rates change each month.
APY*
0.12%
0.15%
0.20%
0.12%
0.25%
0.30%
0.40%
0.60%
0.75%
Certificates Rates are used for both Share Certificates (CDs) and IRAs. For all
Share Certificates and IRAs, a penalty is imposed for early withdrawal.
* APY=Annual Percentage Yield. Rates are subject to change without notice.
Your deposits are insured up to $250,000 per account. This institution is not federally insured.
www.kctcu.org | 847.741.3344
Rates Effective as of: October 1, 2016
Mortgage Rates Available Upon Request
Auto
New: 2015 Models & Newer
Used: 2014 - 2007 Models
Used: 2006 Models & Older
Mortgage Offerings
Term
24 month
36 month
48 month
60 month
72 month
Term
24 month
36 month
48 month
60 month
72 month
Term
24 month
36 month
48 month
60 month
72 month
Conventional
10,15, 20, 30 years
Adjustable (ARMs)
1, 3, 5, 7, 10 years
APR
starting at 1.99%
starting at 1.99%
starting at 1.99%
starting at 2.24%
starting at 2.49%
APR
starting at 2.74%
starting at 2.74%
starting at 2.74%
starting at 2.74%
starting at 3.24%
Used: 2014 - 2007 Models
Term
24 month
36 month
48 month
60 month
72 month
120 month*
Term
24 month
36 month
48 month
60 month
72 month
120 month**
APR
starting at 2.74%
starting at 2.74%
starting at 2.74%
starting at 3.74%
starting at 4.74%
starting at 7.24%
Personal Watercraft, & Snowmobile
Term
24 month
36 month
48 month
60 month
72 month
Term
24 month
36 month
48 month
60 month
APR
starting at 5.24%
starting at 5.24%
starting at 5.24%
starting at 5.24%
starting at 6.49%
APR
starting at 5.74%
starting at 5.74%
starting at 5.74%
starting at 6.74%
- 3 Repayment Options
APR
starting at 9.99%
- No Orgination Fees
up to 36 months
starting at 7.99%
Call KCT Credit Union about Personal Promotional Loans.
Learn more at: https://kctcu.org/member-services/member-benefits/
- Retained Servicing
- Refinancing Options
Amount
$5,000-$14,999
$5,000-$14,999
$5,000-$14,999
$5,000-$14,999
Variable Lines of Credit
Fixed Rate: 85% Loan to Value
Term
APR
up to 60 month
3.49%
4.49%
61-84 month
4.99%
85-120 month
5.49%
121-180 month
Amount
$15,000 or more
$15,000 or more
$15,000 or more
$15,000 or more
85% Loan-to-Value
Second Lien
$50,000 and under
Greater than $50,000
APR
4.00%
4.00%
Calculation
Prime rate
Prime rate minus 0.50%
APR
4.00%
4.00%
Calculation
Prime rate minus 0.25%
Prime rate minus 0.75%
85% Loan-to-Value
First Lien
$50,000 and under
Greater than $50,000
The Annual Percentage Rate for KCT’s Home Equity Variable Lines of
Credit may change quarterly on January 1st, April 1st, July 1st, and
October 1st based upon the Prime Rate as reported by the Wall Street
Journal, currently 3.50%. The floor for KCT’s Home Equity Variable
Lines of Credit is 4.00% APR, with a ceiling of 18.00% APR.
Credit Cards
Personal Loans
Term
up to 60 months
- Competitive Interest Rates
Fixed Rate: 85% Loan to Value
Term
APR
up to 60 month
3.74%
5.99%
61-84 month
6.49%
85-120 month
6.99%
121-180 month
Fixed Rate Balloon: 85% Loan to Value
Term
APR
5 year
6.49%
6.99%
7 year
** Models older than 2007 are low as 6.74%APR
Sallie Mae Loans
- No Closing Cost Options
- Options for less than perfect credit
- First-Time Home Buyers Program
Home Equity Products
* The 120 month term is available for RV & Boat Loans only and requires a minimum of $60,000 financed.
** Used Models 2014-2007 for RV only, older than 2007 are as low as 4.24% APR
2014 - 2007 Models
KCT offers a variety of mortgage products and options designed to help you find the mortgage that’s right for you.
For more information on choosing the right mortgage, call 847-289-3273 (888-741-3344 toll-free)
APR
starting at 3.24%
starting at 3.24%
starting at 3.24%
starting at 4.24%
starting at 6.49%
starting at 8.9%
2015 Models & Newer
My Community Mortgage (for low income/score), HARP Loans
Federal Housing Authority (FHA) Loan
- Fixed Rate Loans
- Adjustable Rate Loans
Motorcycle, Boat & Recreational Vehicle (RV)
New: 2015 Models & Newer
APR
starting at 3.74%
starting at 3.74%
starting at 3.74%
starting at 3.74%
starting at 4.24%
Classic
No Annual Fee
Platinum
No Annual Fee
Platinum Rewards
No Annual Fee
17.99% APR
19.99% APR
23.99% APR
27.99% APR
7.99% APR
9.99% APR
12.99% APR
11.99% APR
13.99% APR
16.99% APR
The final rate you receive will be based upon your credit history. Rates are subject to change without notice. APR= Annual Rate Percentage.
www.kctcu.org | 847.741.3344