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Current Rates
On this page you will find rates for both
deposits (shares) and loans. In the first table below you will find dividend
rates on deposits. The second table contains rates for loans.
These rates and yields are accurate
as of May
12th, 2008.
Please contact the Credit Union for current rate information and for
further information about the fees and terms applicable to the advertised
accounts. Quoted rates are subject to change daily.
|
Account Type
|
Term
|
Min. Balance
|
Penalty
|
Dividend Rate
|
APY**
|
| Share Draft (Checking) |
N/A |
N/A |
-- |
0% |
0% |
| Club |
N/A |
N/A |
-- |
1.00% |
1.01% |
| Shares |
N/A |
$25.00 |
-- |
1.00% |
1.01% |
| IRAs |
-- |
N/A |
-- |
2.00% |
2.02% |
| Money Market Accounts |
|
|
|
|
|
|
Tier 1 |
N/A |
$2,000 - $25,000 |
|
1.25% |
1.26% |
|
Tier 2 |
N/A |
$25,001-$50,000 |
|
1.50% |
1.51% |
|
Tier 3 |
N/A |
$50,001-$100,000 |
|
2.00% |
2.02% |
|
Tier 4 |
N/A |
$100,001 & Over |
|
2.50% |
2.53% |
Rates on Traditional & Roth IRAs and Coverdell
Education Certificates and Share Certificates
|
Account
Type |
Term |
Min.
Balance |
Penalty |
Dividend
Rate |
APY** |
Traditional & Roth IRA Certificates,
Coverdell ESA Certificates and Share Certificates |
6 Mos. |
$500 |
90 days |
3.06% |
3.10% |
| |
9 Mos. |
$500 |
90 days |
3.15% |
3.20% |
| |
1 year |
$500 |
90 days |
3.25% |
3.30% |
|
18 Mos. |
$500 |
90 days |
3.30% |
3.35% |
| -- |
2 year |
$500 |
90 days |
3.30% |
3.35% |
| -- |
3 year |
$500 |
180 days |
3.40% |
3.45% |
| -- |
4 year |
$500 |
180 days |
3.44% |
3.50% |
| -- |
5 year |
$500 |
180 days |
3.69% |
3.75% |
Rates on Youth Certificates
|
Account
Type |
Term |
Min.
Balance |
Penalty |
Dividend
Rate |
APY** |
| Youth Certificates |
6 Mos. |
$250 |
90 days |
3.06% |
3.10% |
| |
9 Mos. |
$250 |
90 days |
3.15% |
3.20% |
| -- |
1 year |
$250 |
90 days |
3.25% |
3.30% |
| |
18 Mos. |
$250 |
90 days |
3.30% |
3.35% |
| -- |
2 year |
$250 |
90 days |
3.30% |
3.35% |
| -- |
3 year |
$250 |
180 days |
3.40% |
3.45% |
| -- |
4 year |
$250 |
180 days |
3.44% |
3.50% |
| -- |
5 year |
$250 |
180 days |
3.69% |
3.75% |
** Annual Percentage Yield. The Annual
Percentage Yield (APY) assumes interest will remain on deposit until
maturity. An early withdrawal will reduce earnings. A penalty
will or may be imposed for an early withdrawal. Rates are subject to
change without notice. Certificate rates quoted are fixed for the term
of the account. Certificates
renew at the end of the quoted term with no grace period.
Dividend Payment Policy
Dividends on your account are
figured on an average daily balance and credited monthly.
Certificate dividends are paid on the last
day of each month. All other dividends are also
paid on the last day of each month.
Loan Rates
Members of Maine State CU are welcome to apply for a
loan at any time in person or online. You will generally find that our loan
rates are very competitive. Loan applications are usually processed "on
the spot" and the check issued the same day.
#
Rate shown is "as low as" rate. Actual interest rate is determined by
credit qualifications.
|
Loan Rate
|
Terms
|
*APR
|
Down Payment Required
|
Monthly Payment Per $1,000
|
|
Share Secured
|
Variable**
|
--
|
--
|
--
|
|
New & Late Model Used Vehicles,
Motorcycles, Snowmobiles, ATVs (2003's newer)
All other recreational vehicles not listed above with loan amounts over
$10,000.
|
24Mos.
|
# 4.25%
|
none
|
$43.54
|
|
|
36 Mos.
|
# 4.50%
|
none
|
$29.75
|
|
--
|
48 Mos.
|
# 4.75%
|
none
|
$22.92
|
|
--
|
60 Mos.
|
# 5.00%
|
none
|
$18.88
|
|
--
|
72 Mos. (new or used over
$15,000)
|
#
6.00%
|
none
|
$16.58
|
|
--
|
84 Mos. (new only over
$25,000)
|
#
6.50%
|
none
|
$14.86
|
|
Used Vehicle,
Motorcycle, Snowmobile, ATV (2002's and older) and other recreational
vehicles not listed above with loan amounts under $10,000.
|
24 Mos. |
# 6.25% |
none |
$44.44 |
|
|
36 Mos.
|
#
6.50%
|
none
|
$30.66
|
|
--
|
48 Mos.
|
# 6.75%
|
none
|
$23.84
|
|
--
|
60 Mos.
|
#
7.00%
|
none
|
$19.81
|
|
Classic Visa
|
Fixed
|
11.9%
|
n/a
|
n/a
|
|
Gold Visa
|
Fixed
|
9.9%
|
n/a
|
n/a
|
|
Signature
|
48 Mos.
|
# 9.25%
|
n/a
|
$25.01
|
|
Overdraft Protection
|
Revolving
|
14.00%
|
n/a
|
n/a
|
|
Home Equity Credit
Line***
|
--
|
---
|
n/a
|
n/a
|
|
Mobile Homes (4 yrs or
newer)
|
120 Mos.
|
12.50%
|
--
|
--
|
|
Mobile Homes (5 yrs or
older)
|
120 Mos.
|
14.00%
|
--
|
--
|
|
All Purpose Loan
|
60 Mos.
|
8.90%
|
--
|
$20.72
|
* Annual Percentage Rate
#
Rate shown is "as low as" rate. Actual interest rate is determined by
credit qualifications.
** Share
Secured-Variable Rate -2% over highest share dividend at time of loan.
Annual adjustment in January.
*** Please call for current rates and terms.
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