Our Rates

Rates

Rates Effective: March 23, 2017

All loan rates are based on A+ credit rating. Rates subject to credit approval, and are subject to change.
Need to calculate a loan payment? Check out our calculators.

IHMVCU members can save — on average — $127* with lower rates and higher yields than compared to a bank.

Loans

Mortgage

Mortgage

Term
Interest
APR
Monthly Payment
30 Year Fixed
4.125%
4.212%
$484.65
20 Year Fixed
3.875%
4.014%
$599.41
15 Year Fixed
3.250%
3.405%
$702.67
10 Year Fixed
3.125%
3.350%
$971.39
5 Year ARM‡
3.250%
3.172%
$435.21

*Does not include taxes and insurance. If included, payment will be higher. $125,000 purchase price with 20% down, loan amount $100,000. ‡APR may increase after consummation of the loan. Loans with lower down payment requirements are available. Rates and terms assume owner-occupied, single-family property for the loan amount. The home loan rates and terms listed here are example only and are subject to change without notice. Rates may vary due to subject property, loan characteristics, credit qualifications and other factors. The APR disclosed is the lowest APR and may increase based on loan fees that may be charged in connection with the loan. Property and flood insurance may be required. Example is for purchase only. FHA and Bridge Loans Call (309) 793-6200 ext. 89525 for information.

Vehicle

2014 and newer autos

Term
Interest
APR
Monthly Payment
54 mos
2.50%
63 mos
2.95%
75 mos
3.00%
84 mos†
3.50%

†Min. loan amount is $20,000. LTV 110% or lower of the NADA Retail Value. Other rates and terms available, subject to credit approval.

2012 - 2013 autos

Term
Interest
APR
Monthly Payment
54 mos
3.00%
63 mos
3.10%
75 mos
3.25%
81 mos†
3.75%

†Min. loan amount is $20,000. LTV 110% or lower of the NADA Retail Value. Other rates and terms available, subject to credit approval.

2009 - 2011 autos

Term
Interest
APR
Monthly Payment
54 mos
3.90%
69 mos†
4.90%

†Min. loan amount is $15,000. LTV 110% or lower of the NADA Retail Value. Other rates and terms available, subject to credit approval.

2006 - 2008 autos

Term
Interest
APR
Monthly Payment
39 mos
5.75%
51 mos
6.25%

LTV 110% or lower of the NADA Retail Value. Other rates and terms available, subject to credit approval.

2005 and older autos

Term
Interest
APR
Monthly Payment
27 mos*
7.25%
39 mos*
7.70%

*Secured loan. LTV 110% or lower of the NADA Retail Value. Other rates and terms available, subject to credit approval.

Home Equity

Fixed Rate Home Equity

Term
Interest
APR
Monthly Payment
36 mos
3.063%
60 mos
3.035%
84 mos
3.523%
120 mos
4.014%

Additional eligibility requirements may apply. Rates will not increase while the loan is open. 80% Combined Loan To Value (CLTV). Based on initial $10,000 loan. Other fixed rate home equity terms and rates available. Property and flood insurance may be required.

Fixed Rate Home Equity Line of Credit (HELOC)

Term
Interest
APR
Monthly Payment
60 mos (90% CLTV)
5.75%
60 mos (80% CLTV)
4.95%

Additional eligibility requirements may apply. CLTV = Combined Loan To Value. Minimum advance is $5,000. Maximum amount $100,000. Rate is fixed with a balloon at 60 months. Payment example based on initial advance of $15,000 amortized over 15 years. Minimum monthly payment of $100. Property and flood insurance may be required. Closing costs vary by state or locality, and range from $100-$600. A $50 inactivity fee may be applied if the borrower doesn’t take an advance or maintain a balance within a 12 month period. A $250 early cancellation fee may be applied to a HELOC cancelled or closed by the borrower within 36 months of origination.

Variable Rate Home Equity Line of Credit (HELOC)

Term
Interest
APR
Monthly Payment
90% CLTV
4.750%
80% CLTV**
4.000%

Additional eligibility requirements may apply. APR may increase after consummation of the loan. Maximum APR is 18%. **CLTV = Combined Loan To Value. Minimum advance is $5,000. Maximum amount $100,000. Payment example based on initial advance of $15,000 amortized over 15 years. Minimum monthly payment of $100. Property and flood insurance may be required. Closing costs vary by state or locality, and range from $100-$600. A $50 inactivity fee may be applied if the borrower doesn’t take an advance or maintain a balance within a 12 month period. A $250 early cancellation fee may be applied to a HELOC cancelled or closed by the borrower within 36 months of origination.

Home Improvement (Secured)

Term
Interest
APR
Monthly Payment
24 mos
5.959%
36 mos
6.124%
48 mos
6.307%
60 mos
6.496%
72 mos
6.889%
84 mos
7.184%

$1,000 – $15,000. Based on initial $10,000 advance. Other fixed rate home equity terms and rates available. Property and flood insurance may be required.

Deposits

Checking

Checking Plus

Term
Dividend Rate
APY
$0 - $25,000†
1.75%
1.76%
$25,000.01 and above†
0.15%
0.15%
No Minimum (non-qualifying)
0.05%
0.05%

†Subject to account requirements. *APY = Annual Percentage Yield.

Relationship Checking

Term
Dividend Rate
APY
No Minimum
0.35%
0.35%

*APY = Annual Percentage Yield.

Savings

Savings Account

Term
Dividend Rate
APY
$0 - $2,499.99 (Tier 3)
0.05%
0.05%
$2,500 - $24,999.99 (Tier 2)
0.10%
0.10%
$25,000 and above (Tier 1)
0.15%
0.15%

$100 min. balance required to earn dividends. *APY = Annual Percentage Yield.

Auto Savers

Term
Dividend Rate
APY
$0 - $500†
1.00%
1.00%
$500.01 and above†
0.10%
0.10%
No Minimum (non-qualifying)
0.10%
0.10%

†Subject to account requirements

Youth Account

Term
Dividend Rate
APY
$0 - $2,499.99 (Tier 3)
0.05%
0.05%
$2,500 - $24,999.99 (Tier 2)
0.10%
0.10%
$25,000 and above (Tier 1)
0.15%
0.15%

$25 min. balance required to earn dividends. *APY = Annual Percentage Yield.

Daily Money Market

Term
Dividend Rate
APY
$0.00 - $9,999.99 (Tier 5)
0.05%
0.05%
$10,000 - $24,999.99 (Tier 4)
0.10%
0.10%
$25,000 - $49,999.99 (Tier 3)
0.15%
0.15%
$50,000 - $74,999.99 (Tier 2)
0.20%
0.20%
$75,000 and above (Tier 1)
0.25%
0.25%

$1,000 min. balance required to earn dividends. *APY = Annual Percentage Yield.

Prime Reserve Money Market

Term
Dividend Rate
APY
$0 - $24,999.99 (Tier 3)
0.05%
0.05%
$25,000 - $149,999.99 (Tier 2)
0.15%
0.15%
$150,000 and above (Tier 1)
0.30%
0.30%

$5,000 min. balance required to earn dividends. *APY = Annual Percentage Yield.

Mega Money Market

Term
Dividend Rate
APY
$10,000 - $49,999.99 (Tier 4)
0.75%
0.75%
$50,000 - $99,999.99 (Tier 3)
0.90%
0.90%
$100,000 - $249,999.99 (Tier 2)
1.05%
1.06%
$250,000 and above (Tier 1)
1.25%
1.26%
$10,000 min. balance required to earn dividends.*APY = Annual Percentage Yield. No commercial or institutional funds permitted.

CDs

CDs

Term
Dividend Rate
APY
91 days
0.35%
0.35%
6 months
0.50%
0.50%
12 months
1.10%
1.11%
18 months
0.40%
0.40%
24 months
1.55%
1.56%
30 months
0.65%
0.65%
36 months
1.65%
1.66%
60 months
2.30%
2.32%

*APY = Annual Percentage Yield. $500 deposit required to open this account. There may be a penalty for early withdrawal.

IRAs

IRAs

Term
Dividend Rate
APY
91 days
0.35%
0.35%
6 months
0.50%
0.50%
12 months
1.10%
1.11%
18 months
1.05%
1.06%
24 months
1.55%
1.56%
30 months
1.50%
1.51%
36 months
1.65%
1.66%
60 months
2.30%
2.32%

*APY = Annual Percentage Yield. Includes certificates, traditional, Roth, SEP and educational IRAs. $500 deposit required to open this account. There may be a penalty for early withdrawal.

© Copyright 2017. IH Mississippi Valley Credit Union. All rights reserved. Federally Insured by NCUA | Equal Housing Opportunity | NMLS #463074

Close Window
Close Window

Third Party Disclaimer

By continuing you will be leaving the main IHMVCU website. Even though you may have clicked on a link that takes you to another company's site that we have partnered with, we are not responsible for the accuracy, security, or content of their website. We encourage you to view privacy and security disclosures of all websites you visit.

Continue to:

Thanks for signing up!

Subscribe to our mailing list

What's your age range?
What financial services are you interested in?
What would you like to know more about?
What are you saving for?
Are you an IHMVCU member?
Please also send me. . .

* Everything but your first name is optional

Online Banking

Forgot Username or Password? New User? Test Your Browser

Close Window