Rates

As a member owned financial cooperative Southern Lakes Credit Union looks for ways to provide competitive rates.

Share Rates (Effective 8/15/2019)

Share Savings Accounts

Account Type Dividend Rate Annual Percentage Yield (APY) Min Required to Earn Stated APY
Share Savings 0.10% 0.10% $5.00
Sub Share Savings 0.10% 0.10% $0.00
Holiday Club 0.15% 0.15% $0.00
Youth Share Savings 0.25% 0.25% $0.00
Summer Share Savings 0.10% 0.10% $0.00
Tax Escrow Share Savings 0.18% 0.18% $0.00
Vacation Share Savings 0.10% 0.10% $0.00
Health Savings Share 0.35% 0.35% $0.00

Gold Seal Savers Share (Money Market Savings)

Account Balance Dividend Rate Annual Percentage Yield (APY) Min Required to Earn Stated APY
Less than $10,000 0.15% 0.15% $0.00
$10,000 – $24,999.99 0.20% 0.20% $10,000.00
$25,000 – $49,999.99 0.25% 0.25% $25,000.00
$50,000 and Greater 0.30% 0.30% $50,000.00

Term Share Certificates (CDs)

Term Dividend Rate Annual Percentage Yield (APY) Min Required to Earn Stated APY
6 Months 0.55% 0.55% $500.00
12 Months 1.00% 1.01% $500.00
18 Months 1.00% 1.00% $500.00
24 Months 1.50% 1.51% $500.00
36 Months 1.65% 1.66% $500.00
48 Months 1.75% 1.76% $500.00
60 Months 2.00% 2.01% $500.00

Traditional IRA/Roth IRA/Coverdell Education Share Savings

Account Balance Dividend Rate Annual Percentage Yield (APY) Min Required to Earn Stated APY
Less than $5,000 0.05% 0.05% $0.00
$2,000 – $4,999.99 0.06% 0.06% $2,000.00
$5,000 – $7,499.99 0.08% 0.08% $5,000.00
$7,500 and Greater 0.10% 0.10% $7,500.00

Traditional IRA/Roth IRA Term Share Certificates (CDs)

Term Dividend Rate Annual Percentage Yield (APY) Min Required to Earn Stated APY
12 Months 1.00% 1.01% $500.00
18 Months 1.00% 1.00% $500.00
24 Months 1.50% 1.51% $500.00
36 Months 1.65% 1.66% $500.00
48 Months 1.75% 1.76% $500.00
60 Months 2.00% 2.01% $500.00

Rates are subject to change without notice. Complete details on fees and terms applicable to the listed accounts and additional information regarding compounding and crediting and other account information available upon request in the Truth-in-Savings Disclosure. Funds federally insured by NCUA.

Consumer Loan Rates (Effective 7/1/2019)

Titled Vehicles

Term APR As Low As Monthly Payment Per $1,000
Up to 60 Months 3.860% $18.34
72 Months 4.067% $15.67
84 Months 5.064% $14.16

Non-Titled Vehicles, ATVs, RVs, and Boats

Term APR As Low As Monthly Payment Per $1,000
Up to 60 Months 5.690% $19.19

Titled RVs, Motor Homes, and Boats

Term APR As Low As Monthly Payment Per $1,000
Up to 60 Months 5.460% $19.07
72 Months 5.717% $16.43
84 Months 6.715% $14.95

Large Titled RVs, Motor Homes, and Boats
(Up to 5 years old with a minimum of $45,000 borrowed)

Term APR As Low As Monthly Payment Per $1,000
84 Months 6.703% $14.95
120 Months 7.443% $11.84
180 Months 8.442% $9.81

Kwik Cash Line of Credit

Rate APR Monthly Payment Per $1,000
10.99% 10.990% $30.00

Lifestyle Unsecured Loans

Term APR As Low As Monthly Payment Per $1,000
Up to 36 Months 9.990% $32.21

Share Secured Loans

Term Rate
Up to 36 Months Rate is 4% above share rate of the share used to secure the loan (APRs vary based on amount borrowed and term)

Fixed Rate Home Equity Line of Credit
(Up to 80% LTV; 5 year draw then 10 year repayment)

Rate As Low As APR As Low As Monthly Payment Per $1,000
4.750% 5.106% $15.00

Rates shown are the lowest offered. Your individual loan rates, terms, and conditions may vary based on factors including your credit score, credit history, age and mileage of the collateral, down payment, and underwriting guidelines. All loans are subject to credit approval, and down payment conditions may apply.

APR is Annual Percentage Rate and is valid as of the rate effective date. Rates and APRs may change without prior notice. APR is calculated based on a $10,000 loan amount ($45,000 for Large Titled RVs, Boats, and Motor Homes) over the term specified with standard origination charges or closing costs applied.

Monthly payments for the Home Equity Line of Credit are calculated as 1.5% of the balance outstanding at the end of the preceding month. When the draw period ends, the payment is fixed at 1.5% of the balance outstanding at the end of the draw period and remains fixed throughout the repayment period. Closing costs may apply.

Mortgage Loan Rates

For our current mortgage rates, visit our mortgage page.