Rates

Savings
Account Name Minimun To Open Rate Type Minimum To Earn Dividends Dividend Rate Annual Percentage Yield* (APY) Frequency of Compounding
Membership Savings $5 Variable $100 0.15% 0.15% Quarterly
Additional Savings $0 Variable $100 0.15% 0.15% Quarterly
Christmas Club $0 Variable $100 0.25% 0.25% Annually
Kirby Kangaroo $5 Variable $5 0.25% 0.25% Quarterly
Money Market $1,000 Variable $1,000 0.30% 0.30% Monthly
Money Market Investor $25,000 Variable $25,000 0.40% 0.40% Monthly
Roth and Traditional IRA Accumulator $0 Variable $100 0.40% 0.40% Quarterly

Penalties may apply for early withdrawal on term share accounts. Fees may reduce earnings. Offering rates may change after account opening.

Regular and IRA Certificates
Term Minimun To Open Rate Type Minimum To Earn Dividends Dividend Rate Annual Percentage Yield* (APY) Frequency of Compounding
6 to 11 Month $500 Fixed $500 0.50% 0.50% Quarterly
12 to 23 Month $500 Fixed $500 0.60% 0.60% Quarterly
15 Month Special $500 Fixed $500 0.75% 0.75% Quarterly
24 to 35 Month $500 Fixed $500 0.70% 0.70% Quarterly
27 Month Special $500 Fixed $500 1.00% 1.00% Quarterly
36 Month $500 Fixed $500 0.80% 0.80% Quarterly
39 Month Special $500 Fixed $500 1.25% 1.25% Quarterly

The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties may apply for early withdrawal on term share accounts. Fees may reduce earnings. Offering rates may change. 

Jumbo and Jumbo IRA Certificates
Term Minimun To Open Rate Type Minimum To Earn Dividends Dividend Rate Annual Percentage Yield* (APY) Frequency of Compounding
6 to 11 Month $25,000 Fixed $25,000 0.60% 0.60% Quarterly
12 to 23 Month $25,000 Fixed $25,000 0.70% 0.70% Quarterly
15 Month Special $25,000 Fixed $25,000 1.00% 1.00% Quarterly
24 to 35 Month $25,000 Fixed $25,000 0.80% 0.80% Quarterly
27 Month Special $25,000 Fixed $25,000 1.25% 1.25% Quarterly
36 Month $25,000 Fixed $25,000 1.00% 1.00% Quarterly
39 Month Special $25,000 Fixed $25,000 1.49% 1.50% Quarterly

The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties may apply for early withdrawal on term share accounts. Fees may reduce earnings. Offering rates may change. 

New or Used Auto Loans 
Term Rate Type Rates as Low as Annual Percentage Rate** (APR)
Up to 48 Months Fixed 2.25% 2.25%
49 to 72 Months Fixed 2.75% 2.75%
73 to 96 Months Fixed 3.75% 3.75%

Auto financed for 96 months at 3.75% APR would have a payment of approximately $12.07 per $1,000 borrowed.

Motorcycle / Boat / RV Loans 
Term Rate Type Rates as Low as Annual Percentage Rate** (APR)
Up to 48 Months Fixed 3.25% 3.25%
49 to 72 Months Fixed 3.75% 3.75%
73 to 96 Months Fixed 4.75% 4.75%

Auto financed for 96 months at 3.75% APR would have a payment of approximately $12.07 per $1,000 borrowed.

Home Purchase Loans
A variety of both fixed- and variable-rate mortgage products are available. Rates change daily so please contact our Mortgage Center at 336-662-6206 or 877-223-9563 to discuss your needs with one of our Mortgage Specialists or come into one of our offices to talk with one of our mortgage lending specialists.

 

Home Equity Line of Credit and Home Equity Loans
Loan Type Rate Type Term Rate as Low as Annual Percentage Rate** (APR)
Home Equity Line of Credit Variable 180 5.00% 5.00%
Home Equity Loan (1st position) Fixed 120 3.75% 3.75%
Home Equity Loan (2nd position) Fixed 120 4.75% 4.75%

Home Equity Lines of Credit rates are based on an evaluation of credit history and LTV (combined loan-to-value ratio), so your rate may differ. Home Equity Lines of Credit are available for primary residences, second homes, and investment properties. Variable APR applies; payments or term may change. Fixed Home Equity rates are based on an evaluation of credit history and LTV (loan-to-value ratio). Fixed Equity Loans are available for primary residences, second homes, and investment properties. A sample loan payment based on $100,000 at 4.75% APR for 10 years is $1,048.48. Closing costs may occur based on offer and depending on the property location and Equity Loan amount.

Visa® Credit Cards
Loan Type Rate Type Rate as Low as Annual Percentage Rate** (APR)
Visa® Platinum Non-Variable 8.95% 8.95%
Visa® Platinum Rewards Non-Variable 9.95% 9.95%

Repayment terms of 2% of outstanding balance or $25, whichever is greater. Variable APRs apply to purchases, balance transfers, and cash advance transactions.
Transaction Fees: ATM Cash Advance - None if performed at a Summit Credit Union branch, ATMs, or network ATMs. Otherwise, transactions may be subject to a $1.00 fee plus any fees accessed by non-network ATMs. No fee assessed if balance exceeds limit.

Personal Loan
Loan Type Rate Type Term Rate as Low as Annual Percentage Rate** (APR)
Line of Credit Fixed Up to 60 months 9.95% 9.95%
Emergency Loans Fixed Up to 90 days 4.25% 4.25%
Share Secured Loans Fixed Up to 60 months 4.50% 4.50%

 

Credit Builder Loans
Loan Type Type Term Rate as Low as Annual Percentage Rate** (APR)
Credit Builder Loan Fixed Up to 60 months 9.50% 9.50%
Credit Builder Visa® Credit Card Secured Revolving Line 16.95% 16.95%

 

*APY=Annual Percentage Yield.
** APR=Annual Percentage Rate. Rates are based on an evaluation of credit history, so your rate may differ.

Effective as of September 19, 2016