Rates

Unlock competitive loan rates for your financial needs.

Rates subject to change without notice

Share Products

ProductDividend RateAPY
Share Account
Dividends paid quarterly on accounts with an average daily balance of $1,000.00 or more. $25.00 opening balance required. Rate as of 3/31/2024.
0.25%0.25%
Youth and Teen Accounts
Dividends paid quarterly on accounts with an average daily balance of $500.00 or more. $5.00 opening balance for Youth Accounts and $10 opening balance for Teen Accounts. Rate as of 3/31/2024.
0.25%0.25%
Individual Retirement Accounts (IRAs)
Rate as of 3/31/2024. Dividends paid quarterly on accounts with an average daily balance of $1,000 or more.
2.50%2.52%

Share Certificates

Minimum deposit of $500.00, Dividends are paid at maturity. Annual Percentage Yield effective 3/31/2024

If funds are withdrawn from any Share Certificate account prior to the maturity of the current term of the account, a substantial penalty will be imposed.

TermDividend RateAPY
6 Months3.00%3.02%
12 Months (One Year)4.00%4.00%
18 Months4.10%4.06%
24 Months (Two Years)3.75%3.68%
36 Months (Three Years)3.50%3.38%
48 Months (Four Years)3.25%3.10%
60 Months (Five Years)3.00%2.84%

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 3/31/2024.

AmountDividend RateAPY
$2,500-$9,999.990.50%0.50%
$10,000-$24,999.990.75%0.75%
$25,000-$49,999.990.85%0.85%
$50,000 - $999,999.991.00%1.00%

Share certificate specials, including the stated Annual Percentage Yield (APY*) are a limited-time offer. Buffalo Metropolitan Federal Credit Union reserves the right to modify or cancel these offers at any time without notice. The share certificate special requires a minimum deposit of $1,000.00 with new funds. New funds are funds that have not been on deposit with Buffalo Metropolitan Federal Credit Union in the past 30 days. Upon maturity, the share certificate special will automatically renew for 12 months at the then-current rate of our 12-month share certificate, unless otherwise specified. APY=Annual Percentage Yield. Rate as of 8/24/23. Federally insured by NCUA. Early withdrawal penalties apply. Dividends are paid at maturity. Membership eligibility is required. Other restrictions may apply.

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 Products

Loan Rates Effective 3/31/2024

Loan ProductAPR (*Rates as low as)
Newer Auto (2023 & newer) purchased or refinanced from another lender*8.00%
New Auto (2022) purchased or refinanced from another lender*9.00%
Used Auto (2020 & 2021) purchased or refinanced from another lender*10.00%
Used Auto (2019 & older) purchased or refinanced from another lender*11.00%
Vehicle Service Contract Loan
Can be purchased with new auto loans or existing auto loans already financed with BMFCU or another lender
1.99%
New Boat & RV (2023 & newer)*11.00%
Used Boat & RV (2022 & older)*12.00%
Personal Loan*10.00%
Shared Secured Loan5.00%
Overdraft Protection
No application fee • No annual fee
*10.00%
Treat Yourself Loan*9.00%
Holiday Revolving Cash
Advances accepted Oct. 15
Jan. 31 • No application fee • No annual fee
8.00%
Line of Credit Loan
No application fee • No annual fee
*9.75%
MasterCard Platinum7.50% - 18.00%
Student MasterCard7.00%

Home Equity Line Of Credit

Application fee $200.00 & closing fee $200.00.
$5,000.00 minimum advance at time of closing; must maintain a loan balance for 3 years or reimburse CU for all fees (attorney fee, appraisal fee, filing fee, title update, and flood certificate); this could range from $600.00-$2,000.00. Variable Rate.

TermAPR (*Rate as low as)
5 year draw period with 15 years repayment. Maximum rate that may be imposed is 15.00%APR.*8.50%
TermAPR (*Rate as low as)
Fixed Rate (rate changes daily)Click here for current rates - please look at conventional rates

The veteran’s loan discount will be available on the following loans: personal, vacation, holiday, CUPAL, share secured, overdraft, and line of credit. The veteran’s loan discount cannot be combined with any other discount program such as the Enterprise Car Sales Interest Rate Reduction. In order to receive this discount, you must provide a veteran’s card.

*Your credit history will determine the interest rate and term of the loan – rates are subject to change without notice

APR=Annual Percentage Rate

All loan payments will be calculated on balance of the loan at the last advance.

The minimum monthly payment on all loans excluding MasterCard will be $25.00

A $30.00 late fee will be assessed on all loans when the loan payment is fifteen (15) or more days delinquent.

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