Rates

Rates effective as of 10/21/2013. Rates may change after accounts are opened. Fees may reduce earnings. APY = Annual Percentage Yield.

Kasasa Cash*

TierDividend RateAPY
$0 - $10,0001.98%2.00%
$10,000.01 and above0.15%0.15% to 0.32%
Qualifications not met0.05%0.05%

Qualifications

To earn your rewards, simply do the following activities and transactions in your Kasasa Cash account each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive e-Statement notice instead of paper statements (must be primary member to enroll and receive)
  • Be enrolled and log into online banking (must be primary member sign in)

Checking Rates

ProductMinimum BalanceAvg. Daily BalanceDividend RateAPY
Priority Choice Checking

Tiering Method B

N/A

$2,000.00 and under
$2,000.01 and above


.15%
.35%


.15%
.35%

Money Manager Checking

Tiering Method A

$50.00¹

$0 - $10,000
$10,000.01 - $25,000.00
$25,000.01 - $100,000.00
$100,000.01 and over


.15%
.35%
.45%
.60%


.15%
.35%
.45%
.60%

Variable Rate Product. These rates may change at any time after account opening.

¹ The minimum balance required to open this account is $50.00. Service fees may be incurred on E-Z Money Manager accounts if the account balance falls below the required minimum daily balance of $1,000.00. Incurred fees may reduce earnings. $1,000.00 minimum balance is required to avoid the minimum balance service fee on the E-Z Money Manager account.

Business Checking Rates

Dividend Structure as of July 1, 2013:

ProductAvg. Daily BalanceDividend RateAPY
Basic Business Checking

$0.01 - $50,000
$50,000.1 - $100,000.00
$100,000.01 and above


.01%
.10%
.20%


.01%
.10%
.20%

Business Checking II

$0.01 - $50,000
$50,000.1 - $100,000.00
$100,000.01 and above


.01%
.10%
.20%


.01%
.10%
.20%

Business Checking Exempt

$0.01 - $50,000
$50,000.1 - $100,000.00
$100,000.01 and above


.01%
.10%
.20%


.01%
.10%
.20%

Dividend rates and fees are effective as of the date stated and are subject to change without notice.

Savings Rates

ProductMinimum BalanceAvg. Daily BalanceDividend RateAPY
Share SavingsThe minimum required to open a share savings account is the purchase of a share in the credit union.¹$50 Minimum.15%.15%
IRA Traditional ClubN/AN/A.50%.50%
IRA Roth ClubN/AN/A.50%.50%
IRA Education ClubN/AN/A.50%.50%
Holiday ClubN/AN/A.15%.15%
Other ClubsN/AN/A.15%.15%

Variable Rate Product- These rates may change at any time after account opening.

¹ The minimum required to open a share savings account is the purchase of a share in the credit union. If the account is closed within 90 days of opening, a $5.00 closed account fee will be assessed. You must maintain a minimum daily balance of $50.00 in your account to avoid a minimum balance fee. If, during any monthly statement cycle, your account balance falls below the required minimum daily balance, your account will be subject to a minimum balance fee of $4.00 for that monthly statement cycle. This fee will not apply to accounts for minors (persons under 18 years of age). This fee will not apply if an account holder has an open and active sub-account such as a loan, Home Equity Line Of Credit Gold Credit Card, share draft checking, IRA or term share certificate. You must maintain a minimum average daily balance of $50.00 in your account to obtain the disclosed annual percentage yield. If a share savings or club account is closed before dividends are paid, accrued dividends will be forfeited.


Business Savings Rates

ProductMinimum BalanceAvg. Daily BalanceDividend RateAPY
Business Share Savings$50.00N/A0.10%0.10%
Business Checking

Tiering Method A

N/A
N/A
N/A

N/A

$0.01 - $50,000.00
$50,000.01 - $100,000.00
$100,000.01 and above

0.01%
0.10%
0.20%

0.01%
0.10%
0.20%

Certificate Rates

Basic CertificateMin. Balance RequirementDividend RateAPY
3-5 month$500.15%.15%
6-11 month$500.15%.15%
12 month$500.25%.25%
15 month$1,500.50%.50%
24 month$1,500.40%.40%
48 month$1,500.75%.75%
60 month$1,5001.00%1.00%
Premier Share Draft Membership or Jumbo CertificateMin. Balance RequirementDividend RateAPY
3-5 months$500.40%.40%
6-11 months$500.40%.40%
12 month$500.50%.50%
15 month$1,500.75%.75%
24 month$1,500.65%.65%
48 month$1,5001.00%1.00%
60 month$1,5001.24%1.25%

Penalties may be incurred for early withdrawal of term share certificates.


Priority Choice Share Draft Checking, Money Manager Checking, Kasasa Cash Checking, or Kasasa Cash Back Checking membership entitles participants to receive an additional 1/4% on the dividend rate. See Priority Choice Share Draft Checking, Money Manager, Kasasa Cash, or Kasasa Cash Back for details. Rates are based upon credit union participation.


Term Share Certificates qualify as Jumbo if the opening certificate amount is $100,000 or more.

Traditional & Roth IRA Certificate Rates

Traditional & Roth IRA Basic CertificateMin. Balance RequirementDividend RateAPY
12 month$2,000.50%.50%
36 month$2,000.75%.75%
48 month$2,0001.00%1.00%
Traditional & Roth IRA Premier Share Draft Membership or Jumbo CertificateMin. Balance RequirementDividend RateAPY
12 month$2,000.75%.75%
36 month$2,0001.00%1.00%
48 month$2,0001.25%1.24%

Penalties may be incurred for early withdrawal of term share certificates.


Priority Choice Share Draft Checking, Money Manager Checking, Kasasa Cash Checking, or Kasasa Cash Back Checking membership entitles participants to receive an additional 1/4% on the dividend rate. See Priority Choice Share Draft Checking, Money Manager, Kasasa Cash, or Kasasa Cash Back for details. Rates are based upon credit union participation.


Term Share Certificates qualify as Jumbo if the opening certificate amount is $100,000 or more.

Loan product rates effective as of 03/01/2014.

Consumer Loan Rates - Vehicles

DescriptionTermRates as low asAPR as low asPayment
Used Vehicle 2009-200466 months5.50%5.6845%²$354.00
Used Vehicle 2009-200460 months5.25%5.4514%²$382.00
Used/*Classic Vehicle 2009-200448 months5.00%5.5016%¹$233.00

Your interest rate, corresponding APR, and term will be based on credit worthiness criteria, loan to value, vehicle age and amount financed. Apply today to determine your qualifying APR. Financing is available for model years 2014-2004. *Must be listed in NADA Classic Cars Guide

Discounted Vehicle Rate: A .25% rate discount on vehicle loans is available for members with a Premier Checking Account^. Fairmont Federal Credit Union makes all final decisions regarding vehicle value, term, and proper rate. Some restrictions apply.


¹ Annual Percentage Rate (APR) and payment displayed are based on $10,000 financed with a $100 loan origination fee.

² Annual Percentage Rate (APR) and payment displayed are based on $20,000 financed with a $100 loan origination fee.


Special Consumer Loan Rates - Vehicles *

DescriptionTermRates as low asAPR as low asPayment
New/Used Vehicle 2014-201060 months2.25%2.4488%²$355.00
New/Used Vehicle 2014-201072 months2.75%2.9177%²$304.00
New/Used Vehicle 2014-201084 months4.25%4.3972%²$278.00

*This special offer is available on qualified auto and truck loan purchases and qualified loans refinanced from another financial institution for 2010-2014 model years only. Special rates are available for a limited time, subject to change without notice and not eligible for any other rate discounts. The rate will increase for loan-to-values greater than 100%.

Consumer Loan Rates - RV/Boat & Unsecured

DescriptionTermRates as low asAPR as low asPayment
New RV/Boat 2014 – 2012180 months6.50%6.5682%³$219.00
Used RV/Boat 2011 - 2010120 months7.00%7.1181%²$234.00
Used RV/Boat 2009 - 2008120 months8.00%8.1207%²$244.00
Used RV/Boat 2007 - 2004120 months9.00%9.1238%²$255.00
Unsecured60 months8.95%9.5266%¹$158.00

Your interest rate, corresponding APR, and term will be based on credit worthiness criteria, loan to value, vehicle age and amount financed. Apply today to determine your qualifying APR.

Discounted Vehicle Rate: A .25% rate discount on vehicle loans is available for members with a Premier Checking Account¥. Fairmont Federal Credit Union makes all final decisions regarding vehicle value and proper rate. Some restrictions apply.


¹ Annual Percentage Rate (APR) and payment displayed are based on $7,500 financed with a $100 loan origination fee.

² Annual Percentage Rate (APR) and payment displayed are based on $20,000 financed with a $100 loan origination fee.

³ Annual Percentage Rate (APR) and payment displayed are based on $25,000 financed with a $100 loan origination fee.

¥ Premier Checking Accounts include: Priority Choice, Money Manager, and Kasasa Cash & Cash Back.