Rates

APY = Annual Percentage Yield

Rates effective as of 6/30/19.

Fees may reduce earnings.

Checking (Share Draft) Account

Account Type Rate APY Requirements
Cherokee Checking 0.05% 0.05% $300.00 minimum

(below minimum fee $3.00)

Cherokee Checking Plus 0.10% 0.10% $2,500.00 minimum
Cherokee Checking Bonus 0.15% 0.15% $2,500.00 minimum

No more than 6 Withdrawals a month

IRA Term Share Accounts

Length Requirement Rate APY
6 Month $1,000.00 Minimum 1.15% 1.15%
12 Month $1,000.00 Minimum 1.60% 1.60%
18 Month $1,000.00 Minimum 1.90% 1.90%
24 Month $1,000.00 Minimum 2.00% 2.00%
30 Month $1,000.00 Minimum 2.15% 2.15%

Share Certificates

Length Requirement Rate APY
6 Month $1,000.00 Minimum 1.15% 1.15%
12 Month $1,000.00 Minimum 1.60% 1.60%
18 Month $1,000.00 Minimum 1.90% 1.90%
24 Month $1,000.00 Minimum 2.00% 2.00%
30 Month $1,000.00 Minimum 2.15% 2.15%

Early withdrawals may result in the loss of 90 days worth of dividends.

Share & IRA Savings Dividends

Account Type Balance Rate APY
Share Savings/IRA Savings $100.00 - $2,500.00 0.20% 0.20%
" " $2,500.01 - $5,000.00 0.25% 0.25%
" " $5,000.01 - $10,000.00 0.35% 0.35%
" " $10,000.01 - $25,000.00 0.45% 0.45%
" " $25,000.01 and Up 0.55% 0.55%
Escrow Savings   0.00% 0.00%

Rates declared quarterly based on Credit Union earnings. 2nd Quarter ending 6/30/19.

Loan Rates Based Upon Beacon Score

Beacon Score New Auto
Up to $25,000.00
Up to 72 months
Secured loan
All rates stated APR
New Auto
Over $25,000.01
*84 months
Secured loan
All rates stated APR
*Unsecured Loans
720+ 2.40% 2.90% 9.00%
680-719 3.40% 3.90% 10.00%
640-679 4.40% 4.90% 11.00%
600-639 9.65% 10.15% 14.00%
555-599 13.65% 14.15% 16.00%
554 & below 15.65% 16.15% 18.00%
Beacon Score Used Vehicle
1-4 yrs old
72 months
All rates stated APR
Used Vehicle
5-7 yrs old
60 months
All rates stated APR
720+ 3.20% 3.20%
680-719 4.20% 4.20%
640-679 5.20% 5.20%
600-639 10.45% 10.45%
555-599 14.45% 14.45%
554 & below 16.45% 16.45%