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*All Annual Percentage Yields (APY) and Annual Percentage Rates (APR) are effective as of May 4, 2023.
Learn about our fees, as well as how to waive many of them, on our consumer fee schedule.
Note: Mortgage Rates may change without notice.
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 | 0.18% | 0.18% |
| $5,000 | 3 | - | $10,000 | 5.00% | 5.00% |
| $5,000 | 4 | $10,000.01 | $1,000,000 | 0.30% | 0.30% |
*ADB = Average Daily Balance. 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, 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, 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, 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% |
| Tier | Tier Minimum ADB | Tier Maximum ADB | Dividend Rate | APY* |
|---|---|---|---|---|
| 1 | $1 | $500 | 0.05% | 0.05% |
| 2 | $500.01 | $2,000 | 0.10% | 0.10% |
| 3 | $2,000.01 | $5,000 | 0.25% | 0.25% |
| 4 | $5,000.01 | 0.01% | 0.01% |
1All Dividends on this Schedule are Posted and Compounded Monthly. Annual Percentage Yield (APY) is variable and subject to change without prior notice. Dividends on these accounts are calculated by using the account Average Daily Balance (ADB) and the Tier A dividend method. The ADB is computed by adding the balance in the account for each day in the month and dividing that figure by the number of days in the month. The dividend Tier A method means that the dividend rate used will be based on the account ADB and the dividend rate for that ADB. The "Dividend Rate" for that tier will be used to pay the dividend on the entire ADB. For example, if the account ADB is $5,600 for the month, the entire $5,600 will be paid a dividend at the Tier 2 rate. No dividend will be paid if the account ADB is below $200 for the month ($1 for Little Gobbler Club and Freedom Dash® accounts). If the account is closed before dividends are credited, any accrued dividend will not be credited. A one-time $5 deposit is required by Credit Union Bylaws for membership. If the account is closed, the $5 will be returned. Fees may reduce earnings.
For a Freedom Dash® Youth Account, 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 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 | 0.05% | 0.05% |
| $5,000 | 2 | $25,000 | $49,999.99 | 0.05% | 0.05% |
| $5,000 | 3 | $50,000 | $99,999.99 | 0.10% | 0.10% |
| $5,000 | 4 | $100,000+ | 0.10% | 0.10% |
| Account Minimum | Account Maximum | Dividend Rate | APY* |
|---|---|---|---|
| $500 | $2,499 | 0.25% | 0.25% |
| $2,500 | $24,999 | 0.25% | 0.25% |
| $25,000 | Above | 4.89% | 5.00%§ |
§ APY (Annual Percentage Yield) as of 4/6/2023. Minimum amounts are required to open the Certificate at these promotional rates and must come from sources other than Freedom First Credit Union. Existing Freedom First Certificates must be within their grace period to renew to receive this offer and must meet new money requirements. Upon maturity, Certificates will automatically renew as 6-month Certificates at the prevailing APYs for those terms. Balances below $25,000 will earn the prevailing APY for a 6-month Certificate. Early withdrawals may incur substantial penalties. This limited time offer is subject to change at any time without notice.
12 Month
| Account Minimum | Account Maximum | Dividend Rate | APY* |
|---|---|---|---|
| $500 | $2,499 | 0.85% | 0.85% |
| $2,500 | $9,999 | 0.85% | 0.85% |
| $10,000 | Above | 0.85% | 0.85% |
| 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% |
| Account Minimum | Account Maximum | Dividend Rate | APY* |
|---|---|---|---|
| $500 | $2,499 | 1.00% | 1.00% |
| $2,500 | $9,999 | 1.00% | 1.00% |
| $10,000 | Above | 1.00% | 1.00% |
| Account Minimum | Account Maximum | Dividend Rate | APY* |
|---|---|---|---|
| $500 | $2,499 | 1.04% | 1.05% |
| $2,500 | $9,999 | 1.04% | 1.05% |
| $10,000 | Above | 1.04% | 1.05% |
| Account Minimum | Account Maximum | Dividend Rate | APY* |
|---|---|---|---|
| $500 | $2,499 | 1.09% | 1.10% |
| $2,500 | $9,999 | 1.09% | 1.10% |
| $10,000 | Above | 1.09% | 1.10% |
4Substantial penalty for early withdrawal. Certificate maximums may vary, so please contact us at 540-389-0244 (local) or 866-389-0244 (toll-free) for details. 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.
Additional rates may be available based on qualification into our Private Banking program. For more information, please contact us at 540-389-0244.
Contact Freedom First Credit Union at (540) 389-0244 for additional information on all of our loan products.
| APR as low as* | Loan Terms and Features |
|---|---|
| 8.00% | Fixed Rate. Loans up to 90% Loan-to-Value. Up to 180 months to repay. |
Home Equity Line of Credit6
12Your APR will vary with the market based on the Prime Rate.
| APR as low as* | Loan Terms and Features | Introductory Rate APR |
|---|---|---|
| 8.75% |
Variable Rate. Up to 240 months to repay.
For lines of credit under $100,000.
|
8.00% fixed introductory rate for the first 13 months on qualifying lines of credit. Up to 80% Loan-to-Value.7
|
| 8.25% |
Variable Rate. Up to 240 months to repay. For lines of credit over $100,000.
|
Not available
|
| APR as low as* | Loan Terms and Features |
|---|---|
| 9.25% | Variable Rate. Loans up to 90% of Loan-to-Value. Up to 240 months to repay. |
| APR as low as* | Loan Terms and Features |
|---|---|
| 6.74% | Model years and mileage limits may apply. Up to 84 months to repay. |
| APR as low as* | Loan Terms and Features |
|---|---|
| 7.00% | Autos, RVs, Motorcycles, etc. Up to 60 months to repay |
| APR as low as* | Loan Terms and Features |
|---|---|
| 10.50% | No collateral required. Up to 36 months to repay. |
VISA Platinum Rate
Note: Mortgage Rates may change without notice. Contact our Mortgage team for more information about rates.
5APRs are subject to change without notice. Rates may vary depending upon credit qualifications and selected terms. 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 9.75% would result in a 60 payments of $211.24. A consumer who finances $10,000 at a term of 180 months and at an annual percentage rate of 10.50% would result in 180 payments of $110.54. Payment amounts do not include taxes and insurance and repayment terms may vary depending upon rate. The minimum loan amount is $10,000. The maximum loan amount is $250,000. 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.
6The 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 5/4/2023 is 8.25%. Our current lowest APR as of 5/4/2023 for credit lines over $100,000 is 8.25%, which includes + 0.00 margin and for credit lines under $100,000 is 8.75%, which includes + 0.50 margin. HELOC APRs are variable and subject to change. 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 $1,625 to $2,897. 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.
7For qualifying credit lines of $100,000 or less, an introductory rate as low as 8.00% fixed APR applies for the first thirteen (13) 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. Maximum loan-to-value as high as 80%, depending on creditworthiness. No closing costs for loan amounts of $100,000 and less except for legal fees, if required. Contact a Freedom First Credit Union representative at (540) 389-0244 for more details.
8APR 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 1.00% margin for the life of loan. The current Prime Rate, as of 5/4/2023, is 8.25%. A payment example for a consumer who finances $10,000 at 9.75% APR with an initial monthly principal and interest payment of $211.24 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 (8.25% as of 5/4/2023) 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 and selected terms. The minimum amount is $10,000. The maximum loan amount is $250,000. 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. EquityFlex Loans are subject to credit approval, verification and collateral evaluation. Consult a tax adviser for further information regarding the deductibility of interest and charges.
9APR may vary depending upon credit qualifications and selected terms. All rates are fixed unless otherwise indicated. An estimated monthly payment of $352.13 would result for a loan amount of $20,000 at 8.15% 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.
10APR may vary depending upon credit qualifications and selected terms. 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.
11APR may vary depending upon credit qualifications and selected terms. All rates are fixed unless otherwise indicated. An estimated monthly payment of $260.02 would result for a loan amount of $8,000 at 10.50% 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.
12Your APR will vary with the market based on the Prime Rate.
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