BUFFALO METROPOLITAN FEDERAL CREDIT UNION'S RATES
RATES SUBJECT TO CHANGE WITHOUT NOTICE
Share Account Dividend Rates
PRODUCT |
TERM |
DIVIDEND RATE |
Share Account (Dividends paid quarterly on accounts with an average daily balance of $1,000.00 or more)
Share Dividends Declared
August 27, 2008 |
|
0.50%
(APY 0.50%) |
IRA Account
Rate as of August 28, 2008 |
|
2.50%
(APY 2.52%) |
Share Certificates
Minimum deposit of $500.00
Annual Percentage Yield effective August 28, 2008
If funds are withdrawn from any Share Certificate account prior to maturity of the current term of the account, a substantial penalty will be imposed. |
Three Month
Six Month
Twelve Month (One Year)
Eighteen Month
Twenty-Four Month (Two Year)
Thirty-Six Month (Three Year)
Forty-Eight Month (Four Year)
Sixty Month (Five Year)
|
2.00% APY 2.01%
2.25% APY 2.26%
2.50% APY 2.50%
2.90% APY 2.90%
3.00% APY 3.00%
3.25% APY 3.25%
3.50% APY 3.50%
4.00% APY 4.00%
|
Money Market Accounts (MMAs)
Dividends are paid quarterly, compounded daily, on accounts with an average daily balance of $2,500.00 or more. Rates as of August 28, 2008. |
$2,500-$9,999.99
$10,000-$24,999.99
$25,000-$999,999.99 |
.75% APY .75%
1.00% APY 1.01%
1.50% APY 1.51% |
Other dividend rates available based on balance.
*APY=Annual Percentage Yield |
| SHARE DRAFT ACCOUNTS-No Monthly Maintenance Fee |
FIRST 50 |
CHECKS FREE |
Federally insured by NCUA
APY=Annual Percentage Yield
"APY" or "Annual Percentage Yield" means a percentage rate reflecting the total amount of dividends expected to be earned in a year on an account, based on the dividend rate and the frequency of compounding accrued dividends.
Fees can reduce the earnings on the account (a fee schedule is available at the Credit Union, upon your request).
Loan Rates Effective July 24, 2008
LOAN PRODUCT |
TERM |
*RATES AS LOW AS APR |
| Autos |
|
|
| New |
2006-New Up to 24 Months |
*4.25% |
| Used |
2002-2005 Up to 24 Months |
*5.00% |
| Boats & RV |
| New Boat and RV |
Up to 24 months |
*5.75% |
| Used Boat and RV |
Up to 24 months |
*8.75% |
Other Terms Available on Autos, Boats, and RV's.
$25.00 Take a Ride On Us Gas Gift Card for
Auto, RV, and Boat Loans disbursed May 1-31, 2008!
|
| Personal Loans |
Up to 60 months |
*10.00% |
| Shared Secured Loans |
Up to 60 months |
7.00% |
| Overdraft Protection |
Up to 60 months |
*10.00% |
| Vacation Loans |
Up to 36 months |
*10.00% |
| Computer Loans |
Up to 36 months |
*10.00%
*Member must be enrolled for PC Home Banking, Audio Response, Bill Payer and E-statements |
Student Loans
Federal Stafford
Federal PLUS
Rate current as of
July 1, 2006
Fixed Rate |
|
6.80%
8.50% |
Holiday Revolving Cash
Cash advance available Oct. 15 - Dec. 24 |
Up to 12 months |
*10.00% |
| Line of Credit Loans |
Up to 60 Months |
*10.00% |
VISA Platinum
NO ANNUAL FEE |
Minimum payment is 2.5% of outstanding balance or $10.00 whichever is greater |
*7.50% |
Home Improvement
100% of appraised value less existing mortgage Maximum $20,000.00 $115.00 nonrefundable appraisal fee plus closing cost |
UP TO 120 Months |
*8.00%
ex. $20,000.00 @ 8.50% disbursed Nov. 14 = 119 payments of $248.98 beginning Dec. 30 and a final payment of $240.19
Finance Charge = $9868.81 |
Home Equity Line Of Credit
| Up to 180 Months |
Variable Rate
|
Mortgage Loans
Fixed Rate (rate changes daily) |
Up to 180 Months
Other plans available |
6.417%
EFFECTIVE 07-24-2008 |
*Your credit history will determine the interest rate and term of loan
APR=Annual Percentage Rate
All loan payments will be calculated on balance of loan at last advance.
The minimum monthly payment on all loans excluding VISA will be $25.00
A $20.00 late fee will be assessed on all loans when the loan payment is thirty-one (31) or more days delinquent.
A $10.00 over-the-limit fee will assessed on VISA's.
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