Skip Navigation Download Acrobat Reader 5.0 or higher to view .pdf files.
Personal/Accounts
Freedom First Credit Union

Consumer Rates

Personal/Accounts
Branded Star Mark
Branded Star Mark
Looking for Business Rates? You can find them here.

*Annual Percentage Yield (APY) is effective as of December 1, 2020.

Learn about our fees, as well as how to waive many of them, on our consumer fee schedule.(Opens in a new Window) 

Note: Mortgage Rates may change without notice.


Checking Accounts

Freedom Stash™

 Required Minimum Direct Deposit  Tier Tier Minimum ADB  Tier Maximum ADB  Dividend Rate APY* 
$1,000 1 - $10,000 0.50% 0.50%
$1,000 2 $10,000.01 $1,000,000 0.25% 0.25%
$5,000 3 - $10,000 5.00% 5.00%
$5,000 4 $10,000.01 $1,000,000 0.50% 0.50%
*Monthly Direct Deposit of $5,000 or more to receive the 5.00% APY (Annual Percentage Yield) on Average Daily Balance (ADB) up to $10,000, 0.50% APY on ADB above $10,000 up to $1,000,000. Monthly Direct Deposit of $1,000 or more to receive 0.50% APY on ADB up to $10,000, 0.25% APY on ADB above $10,000 up to $1,000,000. Maintain a monthly direct deposit of at least $1,000 to avoid a $9 fee and enroll in eStatements to avoid a $2 paper statement fee. Fees could reduce earnings on the account. APY could change after account opening.
**For members with existing Optimum Checking accounts, as of 5/1/2020 the dividend rate for a Tier Minimum ADB of $1,000 is 0.01% and the APY is 0.01%. For members with existing Index Checking accounts, as of 5/1/2020 the dividend rate for a Tier Minimum ADB of $25,000 is 0.01% and the APY is 0.01%. The dividend rate for a Tier Minimum ADB of $100,000.01 is 0.01% and the APY is 0.01%. For questions about this account type please call 540-389-0244.


Regular Shares, Vacation Clubs, Christmas Clubs, Little Gobbler Youth Accounts, Life Savings Shares, IRA Accounts, Secondary Shares, Trust Accounts, Insurance Shares.

Tier Tier Minimum ADB Tier Maximum ADB Dividend Rate APY*
1 $200  $5,000 0.01% 0.01%
2 $5,000.01 $20,000 0.01% 0.01%
3 $20,000.01 $50,000 0.01% 0.01%
4 $50,000.01 $100,000 0.01% 0.01%
5 $100,000.01 Above 0.01% 0.01%
1The minimum balance required to open a savings account is $5.00.  An average daily balance of $50.00 must be maintained in Your Little Gobbler Youth Account each dividend period to obtain the disclosed APY.  Upon Your 18th birthday, Your Account will automatically convert to a Regular Share Account and will be subject to all applicable rates, fees and minimum balance requirements.

Money Market Accounts

(Money Market specials are not listed on this table.)

 Required Minimum Opening Deposit  Tier Tier Minimum ADB Tier Maximum ADB Dividend Rate APY*
$5,000 1 $5,000 $24,999.99 0.01% 0.01%
$5,000 2 $25,000 $49,999.99 0.01% 0.01%
$5,000 3 $50,000 $99,999.99 0.03% 0.03%
$5,000 4 $100,000+
0.05% 0.05%
2Dividend rates may change after the account is opened. Fees may reduce earnings on the account. 

(Certificate specials are not listed on this table.)

6 Month

 Account Minimum Account Maximum Dividend Rate APY*
$500 $2,499 0.15% 0.15%
$2,500 $9,999 0.15% 0.15%
$10,000 Above 0.15% 0.15%
 12 Month
 Account Minimum Account Maximum Dividend Rate APY*
$500 $2,499 0.25% 0.25%
$2,500 $9,999 0.25% 0.25%
$10,000 Above 0.25% 0.25%
24 Month
 Account Minimum Account Maximum Dividend Rate APY*
$500 $2,499 0.40% 0.40%
$2,500 $9,999 0.40% 0.40%
$10,000 Above 0.40% 0.40%

 36 Month

 Account Minimum Account Maximum Dividend Rate APY*
$500 $2,499 0.50% 0.50%
$2,500 $9,999 0.50% 0.50%
$10,000 Above 0.50% 0.50%

 48 Month

 Account Minimum Account Maximum Dividend Rate APY*
$500 $2,499 0.07% 0.07%
$2,500 $9,999 0.07% 0.07%
$10,000 Above 0.07% 0.07%

 60 Month

 Account Minimum Account Maximum Dividend Rate APY*
$500 $2,499 0.90% 0.90%
$2,500 $9,999 0.90% 0.90%
$10,000 Above 0.90% 0.90%
3Substantial penalty for early withdrawal. Members are limited to $1,000,000 in Share Certificate balances, without prior approval.  Rates are subject to change without notice. IRAs are also subject to limitations and/or penalties imposed by the IRS. Please see a tax advisor for additional information.

Loans 
Contact Freedom First Credit Union at (540) 389-0244 for additional information on all of our loan products.

Home Equity Loans4

 APR as low as* Loan Terms and Features
4.75% Fixed Rate. Loans up to 90% of available equity. Up to 180 months to repay.
 Home Equity Line of Credit5
 APR as low as* Loan Terms and Features
2.74%
Fixed Rate for 24 months. Loans up to 90% of available equity. For qualifying lines of credit under $100,000.
3.25%
Variable Rate. Loans up to 90% of available equity. Up to 240 months to repay. For lines of credit over $100,000.
 APR as low as* Loan Terms and Features
4.25% Variable Rate. Loans up to 90% of available equity. Up to 240 months to repay.

 Auto, Motorcycle, RV7

 APR as low as* Loan Terms and Features
2.49% Model years and mileage limits may apply. Up to 84 months to repay.

 Secured Personal Loans8

 APR as low as* Loan Terms and Features
4.50% Autos, RVs, Motorcycles, etc. Multiple rate discounts may apply. Up to 60 months to repay

 Unsecured Personal Loans9

 APR as low as* Loan Terms and Features
7.50% No collateral required. Multiple rate discounts may apply. Up to 36 months to repay.

Credit Cards10

VISA Platinum Rate

 APR* for Purchases APR for Balance Transfers APR for Cash Advances
7.99 - 18.00% 7.99 - 18.00%  11.24 - 18.00%

 VISA Rewards 

 APR for Purchases APR for Balance Transfers APR for Cash Advances
9.99 - 18.00% 9.99 - 18.00%  13.24 - 18.00%

Mortgage

Note: Mortgage Rates may change without notice. Contact our Mortgage team for more information about rates.


4*APR = Annual Percentage Rate. APRs are effective as of December 1, 2020, and are subject to change without notice. Rates may vary depending upon credit qualifications, selected terms and applicable discounts. Rates are fixed unless otherwise stated. A payment example for a consumer who finances $10,000 at a term of 60 months and at an annual percentage rate of 5.00% would result in a 60 payments of $188.70. A consumer who finances $10,000 at a term of 180 months and at an annual percentage rate of 6.25% would result in 180 payments of $85.75. Payment amounts do not include taxes and insurance and repayment terms may vary depending upon rate. The minimum loan amount is $5,000. The maximum loan amount is $417,000 for 1st liens and $250,000 for 2nd liens. The loan-to-value ratio can be up to 90%. Property insurance and flood insurance, if applicable, must be in effect on the property being secured. Other rates and terms may exist for applications which do not qualify under the aforesaid conditions. Consult your tax adviser for further information regarding the deductibility of interest and charges. Home Equity Loans are subject to credit approval, verification and collateral evaluation. Contact Freedom First Credit Union at (540) 389-0244 for additional information on all of our loan products.

5*The Annual Percentage Rate (APR) of a HELOC is indexed to the Prime Rate as published on the money rate table in the Wall Street Journal + a margin for the life of the loan. Prime Rate as of 3/16/2020 is 3.25%. Our current lowest APR as of 3/16/2020 for credit lines over $100,000 is 3.25%, which includes + 0.00 margin and for credit lines under $100,000 is 3.75%, which includes + 0.50 margin. HELOC APRs are variable and subject to change. For credit lines of $100,000 or less, an introductory rate as low as 2.74% fixed APR applies for the first twenty-four (24) months of the loan. After the introductory period, the APR will revert back to the original rate indexed to the Prime Rate. Your actual rates may vary, depending on credit history, loan amount and term, loan to value ratio, and other factors. The maximum APR that may be imposed is 18%. Maximum loan-to-value as high as 90%, depending on creditworthiness. No closing costs for loan amounts of $100,000 and less except for legal fees, if required. For loan amounts over $100,000, estimated closing costs may range from $1,562 to $2,830. A review of the credit eligibility, adequate property value , and a clear title is also needed for qualification. Other restrictions may apply. The minimum loan amount is $10,000 and the maximum loan amount is $300,000. The term is up to 240 months. Pay interest only on the amount drawn or 1% of the balance. Membership with Freedom First is a requirement for this offer with a $5 share account. Property insurance, if applicable, must be in effect on the property being secured and the said property must be in the Freedom First Credit Union membership area. The property must be owner occupied . Please consult a tax adviser for further information regarding the deductibility of interest. All credit union loan programs, rates, term and conditions are subject to change at any time without notice. Contact a Freedom First Credit Union representative at (540) 389-0244 for complete details.

6*APR= Annual Percentage Rate is a variable rate and may change at any time. APR is based on the highest Prime Rate published in the Money Rates table of The Wall Street Journal + a minimum 1% margin for the life of loan. The current Prime Rate, as of 3/16/2019, is 3.25%. A payment example for a consumer who finances $10,000 at 6.50% APR with an initial monthly principal and interest payment of $74.57 for the first 60 months. After the initial period the variable rate and payment will adjust every five (5) years and equal the total of the Wall Street Journal Prime Rate (3.25% as of March 16th, 2020) plus a minimum margin of 1.00%. Payment amounts do not include taxes and insurance and repayment terms may vary depending upon rate. Actual rates may vary depending upon credit qualifications, selected terms and applicable discounts. The minimum amount is $5,000. The maximum loan amount is $417,000 for 1st liens and $250,000 for 2nd liens. The loan-to-value ratio can be up to 90%. Property insurance and flood insurance, if applicable, must be in effect on the property being secured. Other rates and terms may exist for applications which do not qualify under the aforesaid conditions. Equity Flex Loans are subject to credit approval, verification and collateral evaluation. Consult a tax adviser for further information regarding the deductibility of interest and charges. Contact Freedom First Credit Union at (540) 389-0244 for additional information on all of our loan products.

7*APR = Annual Percentage Rate. Rates are valid as of December 1, 2020, and may vary depending upon credit qualifications, selected terms and applicable discounts. All rates are fixed unless otherwise indicated. An estimated monthly payment of $327 would result for a loan amount of $20,000 at 5.49% for 72 months.  Rates are subject to change without notice. No prepayment penalties. Certain restrictions apply. Loans are subject to credit approval. Repayment terms may vary depending upon rate. 

8*APR = Annual Percentage Rate. Rates are valid as of December 1, 2020, and may vary depending upon credit qualifications, selected terms and applicable discounts. All rates are fixed unless otherwise indicated. An estimated monthly payment of $316 would result for a loan amount of $12,000 at 11.99% for 36 months.  Rates are subject to change without notice. No prepayment penalties. Certain restrictions apply. Loans are subject to credit approval. Repayment terms may vary depending upon rate.

9*APR = Annual Percentage Rate. Rates are valid as of December 1, 2020, and may vary depending upon credit qualifications, selected terms and applicable discounts. All rates are fixed unless otherwise indicated. An estimated monthly payment of $262 would result for a loan amount of $8,000 at 10.99% for 36 months.  Rates are subject to change without notice. No prepayment penalties. Certain restrictions apply. Loans are subject to credit approval. Repayment terms may vary depending upon rate.

10*APR = Annual Percentage Rate. Your APR will vary with the market based on the Prime Rate.

 

View a full listing of our Products and Services:

Looking for a phone number, address, or other basic info?