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Saginaw Medical Federal Credit Union Go to main content

Rates

Loan Rates

Auto, Truck & Motorcycle
Effective Date: Tuesday, March 28th, 2017
New or Used Annual Percentage Rate (APR)
as low as
TermPayment per $1,000
2014 & Newer
Fixed Rate 2.40% up to 66 months $16.19
Fixed Rate 2.90% up to 72 months $15.15
Fixed Rate 3.75% up to 84 months $13.41
2013 & Older
Fixed Rate 2.90% up to 66 months $16.42
Fixed Rate 3.40% up to 72 months $15.38
Fixed Rate 4.25% up to 84 months $13.63

Sport Vehicles, Boats, Campers, & RVs
Effective Date: Tuesday, March 28th, 2017
New or UsedAnnual Percentage Rate (APR) as low asTerm
Fixed Rate 2.40% up to 66 months
Fixed Rate 2.90% up to 72 months
Fixed Rate 3.90% up to 84 months
Fixed Rate 5.40% up to 120 months

VISA Credit Cards
Effective Date: Tuesday, March 28th, 2017
TypeAnnual Percentage Rate (APR) as low as
VISA Platinum 8.90%
VISA Platinum Rewards 9.90%

Signature Loans
Effective Date: Tuesday, March 28th, 2017
Annual Percentage Rate (APR) as low asTermPayment per $1,000
4.90% 12 Month or less $85.60
6.90% 13-24 Months; fixed rate $44.75
8.90% 25-48 Months; fixed rate $24.86
9.90% 60 Months; fixed rate $21.22
*Payment based on longest term and best rate

Credit Builder
Effective Date: Tuesday, March 28th, 2017
TypeTermAPR
Fixed Rate up to 12 months 6.90%
Fixed Rate 13-24 months 7.40%

Commerical Loan Products
See Business Lending Products

Home Loans

Mortgage Loans
Effective Date: Tuesday, March 28th, 2017
Mortgage Loan Rates
10, 15, 20 & 30 Year Fixed Rates

Home Equity Line of Credit
Effective Date: Tuesday, March 28th, 2017
TypeVariable APR
HELOC (80% LTV) 5.00%
HELOC (over 80% LTV) 7.00%

Saving Rates

Savings
Effective Date: Tuesday, March 28th, 2017
TypeAnnual Percentage Rate (APR)Annual Percentage Yield (APY)Dividends Compounded & CreditedMinimum Balance to Earn Dividends
Premium Checking 0.050% 0.050% Monthly $10,000 and over
Premium Checking Rewards 1.243% 1.250% Monthly $2500 - $24,999
  0.050% 0.050% Monthly $25,000 and over
Young Savers 1.982% 2.000% Monthly $0 - $14,999
  0.050% 2.00% - 0.05% Monthly $15,000 and over
Regular Savings, 2nd Savings, Vacation & Christmas Clubs 0.050% 0.050% Monthly $250 and over
MONEYPlus 0.200% 0.200% Monthly $250 - $9,999
  0.250% 0.250% Monthly $10,000 - $99,999
  0.300% 0.300% Monthly $100,000 and over
IRA 0.500% 0.501% Monthly $0 - $9,999
  0.750% 0.753% Monthly $10,000 - $19,999
  1.000% 1.005% Monthly $20,000 - $49,999
  1.250% 1.257% Monthly $50,000 and over
All rates quoted are subject to change without notice; call SMFCU for today's rates. The Annual Percentage Yields listed are accurate as of the last dividend declaration date. Fees, if any, may reduce earnings and affect APY calculations. Call the credit union for complete disclosures at 989-791-7070 ext. 3503.

Certificates
Effective Date: Tuesday, March 28th, 2017
TermAnnual Percentage Rate (APR)Annual Percentage Yield (APY)Dividends Compounded & CreditedMinimum Balance to Earn Dividends
7 Month Youth CD 4.000% 4.000% Monthly (see below) $500 - $700
6 Month 0.300% 0.300% Monthly $500 and over
12 Month 0.450% 0.451% Monthly $500 and over
24 Month 0.600% 0.602% Monthly $500 and over
36 Month 0.747% 0.750% Monthly $500 and over
All certificates require a $500 minimum balance to open the account and earn the stated APY. For 7 Month Youth Certificate accounts, any accrued dividends will be transferred to your share account monthly; only the principal amount will renew. Substantial penalty for early withdrawal. Call the credit union for complete disclosures at 989-791-7070 ext. 3503.

Business Accounts

Business Savings
Effective Date: Tuesday, March 28th, 2017
TypeAnnual Percentage Rate (APR)Annual Percentage Yield (APY)Dividends Compounded & CreditedMinimum Balance to Earn Dividends
Business Savings 0.050% 0.050% Monthly $250 - $2,499
Business Savings Plus 0.200% 0.200% Monthly $250 - $9,999
  0.250% 0.250% Monthly $10,000 - $99,999
  0.300% 0.300% Monthly $100,000 and over

Business Checking
Effective Date: Tuesday, March 28th, 2017
TypeAnnual Percentage Rate (APR)Annual Percentage Yield (APY)Dividends Compounded & CreditedMinimum Balance to Earn Dividends
Business Checking 0.050% 0.050% Monthly $10,000 and over

 

 

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