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 |
0.50% |
0.50% |
Monthly |
| Money Market Investor |
$10,000 |
Variable |
$10,000 |
0.75% |
0.75% |
Monthly |
| Roth and Traditional IRA Accumulator |
$0 |
Variable |
$100 |
0.75% |
0.75% |
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 |
0.80% |
0.80% |
Quarterly |
| 12 to 23 Month |
$500 |
Fixed |
$500 |
1.00% |
1.00% |
Quarterly |
| 15 Month Special |
$500 |
Fixed |
$500 |
1.25% |
1.25% |
Quarterly |
| 24 to 35 Month |
$500 |
Fixed |
$500 |
1.15% |
1.15% |
Quarterly |
| 27 Month Special |
$500 |
Fixed |
$500 |
1.49% |
1.50% |
Quarterly |
| 36 Month |
$500 |
Fixed |
$500 |
1.25% |
1.25% |
Quarterly |
| 39 Month Special |
$500 |
Fixed |
$500 |
1.74% |
1.75% |
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 |
$10,000 |
Fixed |
$10,000 |
0.90% |
0.90% |
Quarterly |
| 12 to 23 Month |
$10,000 |
Fixed |
$10,000 |
1.10% |
1.10% |
Quarterly |
| 15 Month Special |
$10,000 |
Fixed |
$10,000 |
1.49% |
1.50% |
Quarterly |
| 24 to 35 Month |
$10,000 |
Fixed |
$10,000 |
1.25% |
1.25% |
Quarterly |
| 27 Month Special |
$10,000 |
Fixed |
$10,000 |
1.74% |
1.75% |
Quarterly |
| 36 Month |
$10,000 |
Fixed |
$10,000 |
1.49% |
1.50% |
Quarterly |
| 39 Month Special |
$10,000 |
Fixed |
$10,000 |
1.99% |
2.00% |
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.
| Auto Loans |
| Term |
Rate Type |
Rates as Low as |
Annual Percentage Rate** (APR) |
| Up to 48 Months |
Fixed |
2.95% |
2.95% |
| 49 to 72 Months |
Fixed |
3.45% |
3.45% |
| 73 to 96 Months |
Fixed |
4.45% |
4.45% |
New or used, same low rate; 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 |
3.95% |
3.95% |
| 49 to 72 Months |
Fixed |
4.45% |
4.45% |
| 73 to 96 Months |
Fixed |
5.45% |
5.45% |
New or used, same low rate; Auto financed for 96 months at 3.75% APR would have a payment of approximately $12.07 per $1,000 borrowed.
| Home Loans |
| Purchase or refinance, fixed- and variable-rate home loans are available. Rates may change daily. If you have questions about the home loan process, credit requirements, down payment needed, etc. feel free to call our Home Loan Center at 336-662-6206 or 877-223-9563. Our home loan specialists will take time to find the option that fits you best and will guide you step-by-step through the entire loan process. |
| Loan Type |
Rate Type |
Term |
Rate as Low as |
| Home Loan, 15-year |
Fixed |
180 |
4.125% |
| Home Loan, 20-year |
Fixed |
240 |
4.500% |
| Home Loan, 30-year |
Fixed |
360 |
4.500% |
Home Loan rates are current as of 12/7/2018 and based on an excellent credit history and 90% combined loan-to-value (LTV) ratio; your rate could differ.
| 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 |
4.25% |
4.25% |
| Home Equity Loan (2nd position) |
Fixed |
120 |
5.25% |
5.25% |
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 $30,000 at 5.25% APR for 10 years is $322. 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% |
| Installment |
Fixed |
Up to 60 months |
10.95% |
10.95% |
| Club Loans |
Fixed |
Up to 10 months |
10.95% |
10.95% |
| Emergency Loans |
Fixed |
Up to 90 days |
17.95% |
17.95% |
| Share Secured Loans |
Fixed |
Up to 60 months |
4.00% |
4.00% |
| 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.
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