Transparent rates, great value.
PremierOne Credit Union provides transparent and competitive interest rates across a full range of financial products. Members can review current rates for deposit accounts like savings and CDs, along with loan products including personal, auto, mortgage, and credit cards, to make informed financial decisions.
PremierOne Credit Union offers a variety of deposit accounts, each designed to help members grow their savings with competitive interest rates. Understanding these rates is essential for maximizing your returns on funds held in savings accounts, money market accounts, and certificates of deposit (CDs). We regularly review our deposit rates to ensure they remain attractive and reflective of the current economic environment, providing value to our members.
Our savings account rates apply to standard share accounts, which are foundational for membership. For those looking for higher yields on liquid funds, our money market accounts typically offer tiered rates, meaning larger balances can earn a higher annual percentage yield (APY). This structure rewards members who maintain significant balances with us.
Certificates of Deposit (CDs) at PremierOne Credit Union provide fixed interest rates for a specified term, ranging from a few months to several years. These terms allow members to lock in a rate, providing predictable earnings. The longer the term, generally the higher the APY, though this can vary based on market conditions. For detailed explanations of APY, you can consult resources like Investopedia's definition of APY.
When you need funds for unexpected expenses, debt consolidation, or a special project, PremierOne Credit Union's personal loans and lines of credit offer flexible solutions with clear interest rates. Our personal loan rates are fixed, providing predictable monthly payments over the life of the loan. These rates are influenced by factors such as your creditworthiness, the loan term, and the amount borrowed.
We believe in transparent pricing, so all applicable fees and the annual percentage rate (APR) are clearly communicated upfront. Our goal is to provide members with affordable borrowing options that align with their financial situation.
Purchasing a new or used vehicle is a significant decision, and PremierOne Credit Union is here to help make it affordable with competitive auto loan rates. Our rates apply to a range of vehicles, from brand-new models to pre-owned cars, trucks, and SUVs. We offer different rates based on the vehicle's age, the loan term, and the borrower's credit profile.
"Understanding your auto loan's Annual Percentage Rate (APR) is crucial as it represents the total cost of borrowing, including interest and certain fees, expressed as an annual rate."
Our auto loan rates are structured to provide members with options that fit their budget. Shorter loan terms typically come with lower interest rates but higher monthly payments, while longer terms can reduce monthly payments but may accrue more interest over time. We encourage members to consider the total cost of the loan when selecting a term, not just the monthly payment. You can often find information on average auto loan rates from sources like the Federal Reserve.
Whether you're buying your first home, refinancing an existing mortgage, or tapping into your home's equity, PremierOne Credit Union provides competitive mortgage rates and home equity loan rates. Mortgage rates can fluctuate daily based on market conditions, so we provide the most current rates for various loan products, including fixed-rate mortgages and adjustable-rate mortgages (ARMs).
Our home equity options, such as home equity loans and lines of credit (HELOCs), also feature specific interest rates. Home equity loan rates are typically fixed, offering predictable payments, while HELOC rates are variable, often tied to an index like the prime rate. Both allow you to use your home's value to secure funds for renovations, education, or other large expenses.
Understanding the difference between interest rate and APR is particularly important for mortgages. The interest rate is the cost of borrowing money, while the APR includes the interest rate plus other costs like closing fees, giving you a more complete picture of the loan's total expense. We aim for full transparency in presenting all mortgage-related costs.
PremierOne Credit Union offers credit card options designed to meet different spending habits and financial goals, each with distinct interest rates. Our credit card rates are typically variable, meaning they can change with the prime rate. We provide clear information on the Annual Percentage Rate (APR) for purchases, balance transfers, and cash advances, ensuring members understand the cost of using their card.
Our credit card offerings might include cards with a lower introductory APR for a specific period, followed by a standard variable rate. Other cards may offer rewards programs, where the interest rate might be slightly different to accommodate the benefits. We believe in providing members with choices that best suit their financial needs, always with full disclosure of the associated rates and fees.
From time to time, PremierOne Credit Union may offer special promotional rates on select products to provide even greater value to our members. These limited-time offers can apply to various financial products, such as introductory rates on new loans, higher-than-standard rates on specific CD terms, or reduced rates for balance transfers on credit cards. These promotions are designed to help members achieve their financial goals more quickly or save money on borrowing costs.
Promotional rates are often subject to specific terms and conditions, such as minimum deposit requirements for CDs or credit qualification criteria for loans. We always clearly outline these details, including the duration of the promotional period and what the rate will be after the promotion ends. Members should regularly check our website or contact us directly to inquire about any current special offers that could benefit them.
| Product Type | Minimum Rate (APR/APY) | Maximum Rate (APR/APY) | Typical Term Range |
|---|---|---|---|
| Savings Account | 0.05% APY | 0.15% APY | N/A |
| 12-Month CD | 1.50% APY | 2.00% APY | 12 Months |
| Personal Loan | 7.99% APR | 18.00% APR | 12-60 Months |
| New Auto Loan | 4.50% APR | 8.50% APR | 36-84 Months |
| Fixed-Rate Mortgage | 6.25% APR | 7.50% APR | 15-30 Years |
| Home Equity Line of Credit (HELOC) | 7.00% APR (variable) | 10.50% APR (variable) | 10-20 Years |
PremierOne Credit Union