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Rates

Rates and Yields effective as of 07/01/2017

Prime Rate: 4.00%

Loan Products
Loan TypeAPR1

Home Equity Line of Credit

Up to 80% Loan-to-Value

 Introductory Rate 1.59%3

Prime - .51%

VISA Credit Card (Variable Rate)

10.65% - 19.65%2

No balance transfer or cash advance fees

Finish Line Mortgage

75% Loan-to-Value | 1 to 60 month term

2.25%

Monthly payment per $1,000 is $17.64

Deposit Accounts
AccountMinimum Opening DepositDividend RateAPY*
9-Month Certificate** $500 1.20% 1.20%
15-Month Certificate** $500 1.35% 1.36%
30-Month Certificate** $500 1.75% 1.76%
Kasasa Cash Checking $0 1.50% 1.51%
Premium Purple Savings $5,000 - $9,999.99 0.05% 0.05%
$10,000 - $24,999.99 0.30% 0.30%
$25,000 - $49,999.99 0.50% 0.50%
$50,000 - $99,999.99 0.75% 0.75%
$100,000 - $199,999.99 1.00% 1.00%
$200,000 & Above 1.20% 1.20%

Kasasa Cash Checking

CheckingDividend RateAPY*
Balances up to $10,000 1.50% 1.51%
Balances over $10,000 .25% 1.51% - .37%
All balances if qualifications are not met .01% .01%
Balances up to $10,000
Dividend Rate 1.50%
APY* 1.51%
Balances over $10,000
Dividend Rate .25%
APY* 1.51% - .37%
All balances if qualifications are not met
Dividend Rate .01%
APY* .01%

To earn rewards, each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Have at least 1 bill pay, direct deposit, or ACH payment transaction post and settle
  • Be enrolled in and agree to receive E-Statements

Premium Business Checking

CheckingDividend RateAPY*
Balances $9,999.99 and below .01% .01%
Balances $10,000 - $24,999.99 .10% .10%
Balances $25,000 and greater .20% .20%

Kasasa Saver

SavingsDividend RateAPY*
Balances up to $10,000 .51% .51%
Balances over $10,000 .25% .51% - .27%
All balances if qualifications are not met .01% .01%

To earn rewards, each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Have at least 1 bill pay, direct deposit, or ACH payment transaction post and settle
  • Be enrolled in and agree to receive E-Statements

Savings

AccountMinimum Opening DepositDividend RateAPY*
Primary Savings $5 0.05% 0.05%

Premium Purple Savings

Business Savings

$5,000 - $9,999.99 0.05% 0.05%
$10,000 - $24,999.99 0.30% 0.30%
$25,000 - $49,999.99 0.50% 0.50%
$50,000 - $99,999.99 0.75% 0.75%
$100,000- $199,999.99 1.00% 1.00%
$200,000 & Above 1.20% 1.20%
Money Market $2,500 – $24,999.99 0.10% 0.10%
$25,000 & Above 0.20% 0.20%
IRA (Traditional, Roth, ESA) No Minimum Deposit 0.10% 0.10%
Secondary Savings, Vacation, and Christmas Club No Minimum Deposit 0.05% 0.05%
Youth Savings

Buck-a-Roo, Young Investor

$5 0.05% 0.05%
60-Month Certificate** $500 2.25% 2.27%
48-Month Certificate** $500 1.80% 1.81%
36-Month Certificate** $500 1.30% 1.31%
30-Month Certificate** $500 1.75% 1.76%
24-Month Certificate** $500 0.95% 0.95%
21-Month Certificate** $500 0.90% 0.90%
15-Month Certificate** $500 1.35% 1.36%
12-Month Certificate** $500 0.50% 0.50%
9-Month Certificate** $500  1.20% 1.20%
6-Month Certificate** $500 0.30% 0.30%
3-Month Certificate** $500 0.10% 0.10%
Primary Savings
Minimum Opening Deposit $5
Dividend Rate 0.05%
APY* 0.05%

Premium Purple Savings

Business Savings

Minimum Opening Deposit $5,000 - $9,999.99
Dividend Rate 0.05%
APY* 0.05%
$10,000 - $24,999.99
Minimum Opening Deposit 0.30%
Dividend Rate 0.30%
$25,000 - $49,999.99
Minimum Opening Deposit 0.50%
Dividend Rate 0.50%
$50,000 - $99,999.99
Minimum Opening Deposit 0.75%
Dividend Rate 0.75%
$100,000- $199,999.99
Minimum Opening Deposit 1.00%
Dividend Rate 1.00%
$200,000 and above
Minimum Opening Deposit 1.20%
Dividend Rate 1.20%
Money Market
Minimum Opening Deposit $2,500 – $24,999.99
Dividend Rate 0.10%
APY* 0.10%
$25,000 & Above
Minimum Opening Deposit 0.20%
Dividend Rate 0.20%
IRA (Traditional, Roth, ESA)
Minimum Opening Deposit No Minimum Deposit
Dividend Rate 0.10%
APY* 0.10%
Secondary Savings, Vacation, and Christmas Club
Minimum Opening Deposit No Minimum Deposit
Dividend Rate 0.05%
APY* 0.05%
Youth Savings

Buck-a-Roo, Young Investor

Minimum Opening Deposit $5
Dividend Rate 0.05%
APY* 0.05%
60-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 2.25%
APY* 2.27%
48-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 1.80%
APY* .81%
36-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 1.30%
APY* 1.31%
30-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 1.75%
APY* 1.76%
24-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 0.95%
APY* 0.95%
21-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 0.90%
APY* 0.90%
15-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 1.35%
APY* 1.36%
12-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 0.50%
APY* 0.50%
6-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 0.30%
APY* 0.30%
3-Month Certificate**
Minimum Opening Deposit $500
Dividend Rate 0.10%
APY* 0.10%

*APY means 'Annual Percentage Yield', assumes dividends remain on deposit. Minimum balance of $25 is required to earn dividends on primary and secondary savings, youth savings, IRAs, Christmas & Vacation Club accounts. Fees may reduce earnings. Savings rates calculated using average daily balance method. Dividend rate is subject to change without notice.

**Traditional and IRA certificates are available in 6-month to 60-month terms. Rates subject to change without notice. Certificate dividends paid quarterly, All other dividends paid monthly. Certificates may be subject to penalty for early withdrawal. Minimum balance of $500 to open account; $25 balance is required to earn disclosed dividend. 

Loans & Credit

AccountAPR1

(as low as)

Auto Loans  
New & Used Auto

Up to 48 month term

2.09%

Monthly payment per $1,000 is $21.76

New & Used Auto

60 month term

2.49%

Monthly payment per $1,000 is $17.74

New & Used Auto

72 month term

3.49%

Monthly payment per $1,000 is $15.41

New & Used Auto

84 month term

4.24%

Monthly payment per $1,000 is $13.78

Debt Consolidation

Up to 60 month term

5.99%4

Monthly payment per $1,000 is $19.33

Personal Unsecured

up to 60 month term

8.24%

Monthly payment per $1,000 is $20.39

Visa® Platinum Credit Card (Variable Rate)

No balance transfer or cash advance fees

10.65% – 19.65%2

Home Equity Loans

Loans less than $10,000 will be assessed a $200 processing fee (See fee schedule for details)

 
Home Equity Line of Credit (HELOC)

Up to 80% Loan-to-Value

Introductory Rate 1.59%3

Prime - .51%

Home Equity Line of Credit (HELOC)

81%-100% Loan-to-Value

5.50% 

Prime + 1.5%

Home Equity Closed End Rates

80% Loan-to-Value | 1 to 60 month term

3.24%

Monthly payment per $1,000 is $18.08

Home Equity Closed End Rates

80% Loan-to-Value | 61 to 84 month term

3.77%

Monthly payment per $1,000 is $13.56

Home Equity Closed End Rates

80% Loan-to-Value | 85 to 120 month term

3.99%

Monthly payment per $1,000 is $10.12

Home Equity Closed End Rates

80% Loan-to-Value | 121 to 180 month term

4.74%

Monthly payment per $1,000 is $7.77

Home Equity Closed End Rates

80% Loan-to-Value | 181 to 240 month term

5.24%

Monthly payment per $1,000 is $6.73

Home Equity Closed End Rates

81%-100% Loan-to-Value | 1 to 60 month term

4.74%

Monthly payment per $1,000 is $18.75

Home Equity Closed End Rates

81%-100% Loan-to-Value | 61 to 84 month term

5.27%

Monthly payment per $1,000 is $14.26

Home Equity Closed End Rates

81%-100% Loan-to-Value | 85 to 120 month term

5.49%

Monthly payment per $1,000 is $10.85

Home Equity Closed End Rates

81%-100% Loan-to-Value | 121 to 180 month term

6.24%

Monthly payment per $1,000 is $8.57

Home Equity Closed End Rates

81%-100% Loan-to-Value | 181 to 240 month term

6.74%

Monthly payment per $1,000 is $7.60

Finish Line Mortgage

Loans less than $50,000 will be assessed a $400 processing fee (See fee schedule for details)

Finish Line Mortgage Closed End Rates

75% Loan-to-Value | 1 to 60 month term

2.25%

Monthly payment per $1,000 is $17.64

Finish Line Mortgage Closed End Rates

75% Loan-to-Value | 61 to 84 month term

2.49%

Monthly payment per $1,000 is $12.89

Finish Line Mortgage Closed End Rates

75% Loan-to-Value | 85 to 120 month term

2.99%

Monthly payment per $1,000 is $9.65

Finish Line Mortgage Closed End Rates

75% Loan-to-Value | 120 to 180 month term

3.49%

Monthly payment per $1,000 is $7.14

1APR = Annual Percentage Rate. All loans subject to credit approval. Rates subject to change without notice. Other conditions may apply. Annual Percentage Rate, terms of loan, and loan-to-value are all subject to applicant credit worthiness. There are no prepaid finance charges. Rates include 0.25% discount for a recurring direct deposit into an active Inspire FCU checking account. If this direct deposit is cancelled, rate is subject to 0.25% increase on applicable loan. Revolving credit, such as VISA Credit Card and Home Equity Line of Credit do not qualify for rate discount. Contact Inspire Federal Credit Union for details.

2APR = Annual Percentage Rate. Credit limit will be determined based on credit worthiness, which includes debt analysis, credit rating, income verification, and more. Minimum credit limit, $500. Maximum credit limit, $20,000. Complete credit card disclosures and agreement will be provided at time of application. APR is viarable and currently ranging from 10.65% -19.65% APR as of 06/01/17.

3APR = Annual Percentage Rate. Subject to credit approval. Rates quoted assume excellent borrower credit history. Your actual APR will be based on creditworthiness and income. Qualifying applicants will receive introductory rate of 1.59% APR that will expire after 6 months and new rate will adjust to a variable APR between 3.49% - 8.00% APR, but not to exceed 18% APR, depending on creditworthiness and Loan to Value. $5,000 initial draw required for Introductory rate of 1.59% APR. Certain restrictions may apply to introductory rate and not all borrowers will qualify. Home Equity Line of Credit is a Variable Rate product which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal in effect on the first business day of December, March, June and September of each year. ("Index") plus or minus the margin - The Index plus or minus the margin equals the Interest Rate. Changes in the index will cause changes in the Interest Rate on the first day of January, April, July and October of each year. Interest you pay may be tax deductible. An early closure fee may apply - see Credit Union fee schedule for details. Property insurance is required for real estate secured loans. Consult a tax advisor regarding the deductibility of interest. In no event will the regular Annual Percentage Rate be less than 2% or more than the lesser of 18% per annum or the maximum rate allowed by applicable law. The minimum monthly payment is $50.

4*APR = Annual Percentage Rate. Rates are subject to creditworthiness and all loans subject to approval. Rates as low as 5.99% APR with a .25% APR rate reduction with automatic payment from their Inspire FCU checking account. Loan amount will not exceed $25,000 with a maximum term of 48 months. ¹Cash back incentive will be paid on amount borrowed. Tier 1 applicants eligible to receive 2% cash back; tier 1 classified as member with active checking account with direct deposit (2 direct deposits of $500 or more through a 60 day period). Tier 2 applicants eligible to receive 1% cash back; tier 2 does not require a checking account or direct deposit. Loan proceeds must be used to pay off existing debt from a financial institution other than Inspire Federal Credit Union. Current loans at Inspire FCU are not eligible. Cash back incentive will be paid within 90 days after two billing cycles with on time payments. Cash back will be deposited directly into membership share account. The Credit Union reserves the right to terminate promotion at any time without notice.