Deposit Account Rates
Effective 02/01/2012 and subject to change. APY= Annual Percentage Yield. For additional information regarding rates and terms on Progressions Credit Union deposit accounts, please call 535-0191 or 1-800-828-8691 between 8 a.m. and 6 p.m.
Loan Account Rates
Rates effective 2/01/2012 and subject to change. APR =Annual Percentage Yield. For additional information regarding rates and terms on Progressions Credit Union loans, please call 535-0191 or 1-800-828-8691 between 8 a.m. and 6 p.m. or contact us.
Call Herb Anderson (NMLS # 787236) at 509-622-2011 or 800-828-8691 for other Home Loan and Equity Rates!
Basic Savings and Sub Savings
|
Minimum to Open and Earn APY |
Compounding and Crediting |
Dividend Period and Balance Method |
APY |
|
$50.00 Basic Membership ($5.00 for sub savings) |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.10% |
|
$2,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.10% |
|
$5,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.10% |
|
$10,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.10% |
|
$25,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.10% |
|
$50,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.10% |
|
$100,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.10% |
| Basic savings has a $5.00 monthly service fee if balance falls below $200.00 unless designated as a SmartChoice Rewards or Yes! Savings Account or you have any other product or service with Progressions (Savings, Checking, Credit Card, Loan, Smartlink or Smartline).Truth In Savings Disclosure | |||
Yes! Savings Account
|
Minimum to Open and Earn APY |
Compounding and Crediting |
Dividend Period and Balance Method |
APY |
|
$5.00 to open. Earn this rate up to $2,000.00 (over $2000.00, reverts to basic savings rates) |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
1.00% |
| Learn more about the YES! Savings Account. There is no service fee for this account. Truth In Savings Disclosure | |||
Money Market Account “Smart Market”
|
Minimum to Open and Earn APY |
Compounding and Crediting |
Dividend Period and Balance Method |
APY |
|
$2,000.00 |
Monthly/Monthly |
Monthly/Actual Daily Balance |
.20% |
|
$5,000.00 |
Monthly/Monthly |
Monthly/Actual Daily Balance |
.20% |
|
$10,000.00 |
Monthly/Monthly |
Monthly/Actual Daily Balance |
.25% |
|
$25,000.00 |
Monthly/Monthly |
Monthly/Actual Daily Balance |
.25% |
|
$50,000.00 |
Monthly/Monthly |
Monthly/Actual Daily Balance |
.30% |
|
$100,000.00 |
Monthly/Monthly |
Monthly/Actual Daily Balance |
.40% |
| Truth In Savings Disclosure There is no service fee for this account. | |||
Prime Savings Account
|
Minimum to Open and Earn APY |
Compounding and Crediting |
Dividend Period and Balance Method |
APY |
|
$25,000.00 |
Monthly/Monthly |
Monthly/Actual Daily Balance |
1.00% |
|
$100,000.00 |
Monthly/Monthly |
Monthly/Actual Daily Balance |
1.00% |
| Truth In Savings Disclosure This account has no service fee. | |||
Youth Account “Jr. Stamper”
|
Minimum to Open and Earn APY |
Compounding and Crediting |
Dividend Period and Balance Method |
APY |
|
$5.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.10% |
| Truth In Savings Disclosure This account has no service fee. | |||
Individual Retirement Account (IRA)
|
Minimum to Open and Earn APY |
Compounding and Crediting |
Dividend Period and Balance Method |
APY |
|
$5.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.20% (1% on Yes!* learn more) |
|
$2,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.20% |
|
$5,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.20% |
|
$10,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.25% |
|
$25,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.25% |
|
$50,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.30% |
|
$100,000.00 |
Quarterly/Quarterly |
Quarterly/Actual Daily Balance |
.40% |
| Account which allows you to earn .80% APR until you reach $2,000.00 then reverts to the basic rates as outlined above.Truth In Savings Disclosure | |||
Certificate Accounts & IRA Accounts
|
Minimum to Open and Earn APY |
6 Month APY |
12 Month APY |
18 Month APY |
24 Month APY |
36 Month APY |
|
$2,000.00 |
.30 |
.45% |
.55% |
.75% |
1.10% |
|
$5,000.00 |
.30 |
.45% |
.55% |
.75% |
1.10% |
|
$10,000.00 |
.35 |
.50% |
.60% |
.80% |
1.15% |
|
$25,000.00 |
.40 |
.55% |
.65% |
.85% |
1.20% |
|
$50,000.00 |
.45 |
.60% |
.70% |
.90% |
1.25% |
|
$100,000.00 |
.50 |
.65% |
.75% |
.95% |
1.30% |
| Compounding and Crediting: Dividends are compounded and credited monthly; additional deposits are not allowed; withdrawals are not allowed (except dividends) and renew automatically. Special Step-up Feature for 36 Month Term Certificates and Certificates with at least a $25,000.00 minimum balance: You will have a one-time option to adjust your APY to the then prevailing Progressions APY for new certificates of identical terms. Your certificate’s original maturity date will not change.Early Withdrawal Penalty: Certificate penalties may apply. Fees could reduce earnings. For accounts up to 18 months the amount of the early withdrawal penalty is 60 days of dividends whether earned or not. For accounts 19 months and more the early withdrawal penalty is 120 days dividends whether earned or not.Truth In Savings Disclosure | |||||
Prime Checking Account
|
Minimum to Open and Earn APY |
Compounding and Crediting |
Dividend Period and Balance Method |
APY |
|
$10,000.00* |
Monthly/Monthly |
Monthly/Actual Daily Balance |
1.00% |
| *Must also have a Prime Savings Account.Truth in Savings Disclosure | |||
Autos, Trucks and
Large Motorcycles (750CC MIN)
|
Term |
APR as low as |
Down Payment |
|
Up to 72 Months |
2.79% |
Many options available. Up to 100% financing plus tax and licensing O.A.C. |
|
73-84 Months |
3.29% |
Many options available. Up to 100% financing plus tax and licensing O.A.C. |
| O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. Add .50% for other payment methods. Rates and terms may vary depending upon collateral, credit quality and loan to value. Your rate may be different. Refinancing of Progressions loans do not qualify for these rates. Other restrictions may apply. 1.00% is added to the APR for vehicles over 10 years old and 1.00% is added for vehicles with over l00,000 miles. Contact us for more information. | ||
Boat and Recreational Vehicles (RV)
|
Term |
APR as low as |
Down Payment |
|
Up to 180 months. |
4.49% |
Many options available. Up to 100% Financing including tax and licensing O.A.C. |
| O.A.C. =On Approved Credit. Rates listed assume automatic payment from an active Progressions Savings or Checking account. Add .50% to rate for other payment methods. For Boats/RV’s with terms between 85-120 months, add an additional 1.00%. For terms between 121-180 months, add 1.75% to the published rate. In no case will your rate exceed l8% APR. Existing loans at Progressions do not qualify for these rates. Rates and terms may vary depending upon collateral, credit quality and loan to value. Your rate may be different. Contact us for more information. | ||
ATV, Smaller Motorcycles (Less than 750cc), Personal Watercraft and Snowmobiles
|
Term |
APR as low as |
Down Payment |
|
Up to 60 months |
4.74% |
Various options available. Up to l00% financing plus tax and license O.A.C. |
| O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. Add .50% for other payment methods. Rates and terms may vary depending upon collateral, credit quality and loan to value. Your rate may be different. Refinancing of Progressions loans do not qualify for these rates. Other restrictions may apply. Contact us for more information. | ||
Personal Loans and VISA
|
Type of Loan |
APR as low as |
Terms |
|
Personal Line of Credit (PLC) |
9.99%-17.99% |
Fixed rate; open ended |
|
Visa Credit Card |
9.99%-17.99% |
Fixed rate; open ended |
|
Visa Balance Promotion* |
6.75%-17.99% |
Fixed rate; open ended |
| O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. Add .50% for other payment methods. The rates published are the lowest and highest possible rates available to qualified borrowers. Your rate may fall within that range. Rates are determined by the loan type, term you request, and your credit history. Rates are subject to change without notice. Contact us for more information.Visa Balance Promotion Application & Disclosure *Promotion good until 3/31/2012Additional Visa Disclosure | ||
Savings and Certificate Secured Loans
|
Type of Loan |
APR as low as |
Terms |
|
Shared/Savings Secured |
3.00% added to securing share rate |
Fixed rate; maximum term |
|
Certificate Secured |
3.50% added to securing certificate rate |
Fixed rate; maximum term |
| Contact us for more information. | ||
Home Equity Line of Credit (HELOC)
|
Type |
APR as low as |
Loan to Value |
|
1st Deed of Trust |
4.00% -15.50% |
Maximum 85% |
|
2nd Deed of Trust |
4.25%-15.75% |
Maximum 85% |
| O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. Add .50% for other payment methods. The rates published are the lowest rates available to qualified borrowers. Your Rates are determined by the loan type, term you request, and your credit history. Rates are subject to change without notice. Contact us for more information.Draw Period: 8 YearsRepayment Period: 17 YearsMinimum initial draw is $25,000.00, $100.00 thereafter. | ||
Mobile Home Loans
|
New/Used |
Terms |
APR as low as |
Down Payment |
|
New
|
Up to 120 Months
|
10.00%-17.00% |
Many options available. Up to 100% Financing including tax and licensing O.A.C. |
|
Used |
Up to 120 Months |
11.00%-18.00% |
Many options available. Up to 100% Financing including tax and licensing O.A.C. |
| O.A.C. =On Approved Credit. Rates listed assume automatic payment from an active Progressions Savings or Checking account. Add .50% to rate for other payment methods. These rates are for titled mobile homes only (not affixed to property). Payment Example: a 15 year term would be 180 monthly payments as low as $10.02 at 8.79% APR for each $1000.00 borrowed. Contact us for more information on fees, rates and terms. | |||
