Current Rates
At Premier Source Credit Union, we strive to offer competitive rates on loans and savings products. If you are unsure how much you can afford to borrow, our Loan Calculator can help you plan. Rates shown are effective May 1, 2008. All rates are subject to change without notice and excludes advantage club discounts.
- Real Estate Loans
- Consumer Loans
- Savings & Club Accounts
- Share Certificates
- Easy Access Money Market
- IRAs
Real Estate Loan Rates
As a Premier Source Advantage Club member, you will save even more money on our already low loan rates. Just combine Direct Deposit with a checking account and we will take .25% off all your future loans (except home mortgages and Home Equity Line of Credits). Home Equity rates are subject to change without notice and excludes advantage club discounts.
| Loan Type | APR* & Term | Monthly Payment per $1,000 Borrowed |
|---|---|---|
| Mortgage Loan | Fixed and variable rates available; rates may fluctuate daily based on product type and market conditions. Contact us for more information. | |
| Home Equity Line of Credit | Variable APR.** Prime plus 0%. The current prime rate is 5.00%. 10-year draw period; 5-year repayment. Up to 80% of appraised value of your home, minus outstanding liens. Maximum $200,000. | |
| Home Equity Loan | 6.24% for up to 60 months |
$19.44 on 60-month loan $11.34 on 10-year loan $8.84 on 15-year loan $7.74 on 20-year loan |
| Home Improvement Loan | 9.49% for up to 60 months 9.99% for up to 10 years Maximum amount $40,000 |
$20.99 on 60-month loan $13.20 on 10-year loan |
*APR is annual percentage rate.
**APR is variable and based on the prime rate as published in the
Wall Street Journal on the last business day of the month. The
variable rate may not exceed 18.00%. Members must have a minimum
Share Account balance of $25 to be eligible for a Home Equity Line
of Credit.
Consumer Loan Rates
As a Premier Source Advantage Club member, you will save even more money on our already low loan rates. Just combine Direct Deposit with a checking account and we will take .25% off all your future loans (except home mortgages and Home Equity Line of Credits).
* APR is Annual Percentage Rate.
** No other offers apply. Rates Subject to change without notice.
Share Savings and Club Account Rates
Account Type |
Dividend Rate |
APY* |
Minimum Balance to Earn Dividend |
|---|---|---|---|
| Share Savings Account | 0.40% |
0.40% |
$25 |
| Vacation Club | 0.40% |
0.40% |
$25 |
| Holiday Club | 0.40% |
0.40% |
$25 |
| Tax Club | 0.40% |
0.40% |
$25 |
Rates subject to change. * APY is Annual Percentage Yield. Fees
could reduce earnings on the account.
Share Certificates
| Account Type | Dividend Rate | APY* | Minimum Balance to Earn Dividend |
|---|---|---|---|
| 18-month Certificate | 2.90% |
2.94% |
$1,000 |
| 12-month Certificate | 2.75% |
2.79% |
$1,000 |
| 6-month Certificate | 2.65% |
2.68% |
$1,000 |
* APY is Annual Percentage Yield. Fees could reduce earnings on
the account. There is a substantial penalty for early withdrawals
on Certificates.ok
**rates subject to change without notice and rolls into 6 month
prevailing rate at maturity
Easy Access Money Market Accounts
| Account Type | Dividend Rate | APY* | Minimum Balance to Earn Dividend |
|---|---|---|---|
| $2,500 - $10,000 | 1.10% |
1.11% |
$2,500 |
| $10,001 - $25,000 | 1.20% |
1.21% |
$10,001 |
| $25,001 - $50,000 | 1.90% |
1.92% |
$25,001 |
| $50,001 - $100,000 | 2.15% |
2.17% |
$50,001 |
| $100,001 - $250,000 | 2.50% | 2.53% | $100,001 |
| $250,001 and up | 2.75% | 2.79% | $250,001 |
* If minimum balance drops below $2,500.00 the interest rate will
be 0.25% below the current share rate.
** APY is Annual Percentage Yield.
IRAs
Account Type |
Dividend Rate |
APY* |
Minimum Balance to Earn Dividend |
|---|---|---|---|
| IRA Certificates - 12 months (Traditional, Roth and ESA accounts) |
3.15% |
3.20% |
$1,000 |
| IRA Share (Traditional, Roth and ESA accounts) | 1.35% |
1.36% |
$25 |
* APY is Annual Percentage Yield. There is a substantial penalty
for early withdrawals on Certificates.
