Rates
APY = Annual Percentage Yield
Rates effective as of 9/30/2022.
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 | 0.05% | 0.05% | $2,500.00 minimum |
| Cherokee Checking Bonus | 0.10% | 0.10% | $2,500.00 minimum
No more than 6 Withdrawals a month |
IRA Term Share Accounts
| Length | Requirement | Rate | APY |
|---|---|---|---|
| 12 Month | $1,000.00 Minimum | 1.50% | 1.50% |
| 18 Month | $1,000.00 Minimum | 1.65% | 1.65% |
| 24 Month | $1,000.00 Minimum | 1.75% | 1.75% |
| 26 Month | $25,000.00 Minimum | 2.50% | 2.50% |
Share Certificates
| Length | Requirement | Rate | APY |
|---|---|---|---|
| 12 Month | $1,000.00 Minimum | 1.50% | 1.50% |
| 18 Month | $1,000.00 Minimum | 1.65% | 1.65% |
| 24 Month | $1,000.00 Minimum | 1.75% | 1.75% |
| 26 Month | $25,000.00 Minimum | 2.50% | 2.50% |
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 | 0.25% | 0.25% |
| " " | $2,500.01 - $5,000.00 | 0.40% | 0.40% |
| " " | $5,000.01 - $10,000.00 | 0.50% | 0.50% |
| " " | $10,000.01 - $25,000.00 | 0.55% | 0.55% |
| " " | $25,000.01 and Up | 0.65% | 0.65% |
| Escrow Savings | 0.00% | 0.00% |
Rates declared quarterly based on Credit Union earnings. Quarter ending 9/30/22
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 |
|---|---|---|
| 720+ | 3.40% | 3.90% |
| 680-719 | 4.40% | 4.90% |
| 640-679 | 5.40% | 5.90% |
| 600-639 | 10.65% | 11.15% |
| 555-599 | 14.65% | 15.15% |
| 554 & below | 16.65% | 17.15% |
| Beacon Score | Used Vehicle 1-7 yrs old Up to 72 months All rates stated APR |
*Unsecured Loans |
|---|---|---|
| 720+ | 4.20% | 9.00% |
| 680-719 | 5.20% | 10.00% |
| 640-679 | 6.20% | 11.00% |
| 600-639 | 11.45% | 14.00% |
| 555-599 | 15.45% | 16.00% |
| 554 & below | 17.45% | 18.00% |