Rates
APY = Annual Percentage Yield
Rates effective as of 3/1/19.
Fees may reduce earnings.
Checking (Share Draft) Account
| Account Type | Rate | APY | Requirements |
|---|---|---|---|
| Cherokee Checking | 0.10% | 0.10% | $300.00 minimum (below minimum fee $3.00) |
| Cherokee Checking Plus | 0.15% | 0.15% | $2,500.00 minimum |
| Cherokee Checking Bonus | 0.25% | 0.25% | $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. 4th Quarter ending 12/31/18.
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% |