Loan, Mortgage, & Deposit Interest Rates in NJ

Loan Rates
Deposit Rates

Loan Rates

effective as of January 4, 2016

*APR=Annual Percentage Rate. Rates shown are base rates. Actual rate will be based on term and individual creditworthiness.

New & Used Auto, Motorcycle

Term

APR*

up to 24 months

as low as 1.99%

up to 36 months

as low as 1.99%

up to 48 months

as low as 1.99%

up to 60 months

as low as 2.49%

up to 72 months

as low as 2.74%

up to 84 months

as low as 2.99%
Boat & RV Loan

Term

APR*

up to 60 months

as low as 6.00%

up to 120 months

as low as 6.50%

 

 

 

Personal Loan

Borrow Amount

Term

APR*

up to $10,000

up to 48 months

as low as 8.00%

Overdraft Protection
Borrow Amount APR*

up to $5,000

as low as 15.50%
Share Secured
Borrow Amount Term APR*

100% of available share savings

up to 60 months  2.05%
Home Equity Loans (2nd Mortgages)
Borrow up to $200,000 or 80% CLTV*
Description Term APR* (80%CLTV)

Fixed Rate

5 years  3.74% – 7.00%

Fixed Rate

10 years  4.99% – 8.00%

Fixed Rate

15 years  5.49% – 8.00%

Fixed Rate

20 years  5.74% – 9.00%
 Home Equity Line of Credit
 Borrow up to $200,000 or 75% CLTV**
 Description  Terms  APR**
 Variable Rate  15 years Introductory Rate 0% until June 1, 2016, rates thereafter 3.50% – 3.85%
*APR=Annual Percentage Rates. Rates shown are base rates. Current rates as low as 3.74% up to 9.00%APR. The actual rate will be determined based on creditworthiness. Loans are only offered in New Jersey, New York or Pennsylvania on owner occupied primary residential properties only. Maximum loan amount is $200,000 or up to 80% equity in your home or 75% equity for condominium, whichever is less. There is no application fee or charge. The current rates for 2nd Mortgages are as low as 3.74% APR for 60 months fixed loan, 4.99% APR for 61 -120 months fixed loan, 5.49% APR for 121-180 months fixed loan and 5.74% APR for 181-240 months fixed loan. Your loan payments will be due monthly and payments will be calculated to pay off the loan balance in approximately equal monthly payments by the maturity date. Your interest rate on a fixed 2nd Mortgage will never change throughout the life of your loan. Rates subject to change without notification and are tied to prime. Pinnacle Federal Credit Union is an Equal Housing Lender. Not all borrowers will qualify. Rates effective as of January 4, 2016. Rates subject to change without notification. NMLS# 423010.

**APR=Annual Percentage Rate. An introductory rate of 0% APR will apply through May 31, 2016. Thereafter, the rate will adjust to fully indexed rate (today’s rates 3.50% – 3.85%) on June 1, 2016. Indexed rate is based on creditworthiness.  The introductory rate is for new applications that apply by March 31, 2015. Applications are good for 30 days from date of submission. Loans are only offered in New Jersey, New York, or Pennsylvania on owner occupied primary residential properties only. To qualify for the introductory rate, you must close on your Home Equity Line of Credit by April 30, 2016. At time of closing, there will be minimum advance of $10,000 that must be taken. Minimum line of credit amount is $10,000. Maximum loan amount is $200,000 or up to 75% equity in your home or 70% equity for condominium, whichever is less. A floor rate of 3% for the life of the loan will apply after the introductory rate expires. The maximum APR that may be imposed will be 16%. Interest does not begin to accrue until June 1, 2016. There is no application fee or charge. There is a 5 year draw period. During the draw period, payments will be due monthly and payment will be calculated to satisfy interest due. Subsequent advance amounts must be at least $500. After the draw period expires, payments will be calculated to pay off the loan balance in equal monthly payments by the maturity date. For variable rate loans, the rate may change quarterly based on the prime rate from the Wall Street Journal published 30 days before the change date. Not all borrowers will qualify. Rates effective as of January 1, 2016. Rates subject to change without notification.  Pinnacle Federal Credit Union is an equal housing lending. NMLS# 423010.

 


Deposit Rates

Rates effective as of January 4, 2016.

Savings Products

Rate

APY

Balance to Earn APY

Share Savings

0.05%

0.05%

$5.00

Youth Savings

0.05%

0.05%

$5.00

Holiday Club

0.05%

0.05%

$100.00

Vacation Club

0.05%

0.05%

$100.00

IRA Share Savings

0.05%

0.05%

$50.00

Money Market Products

Rate

APY

Balance to Earn APY

Money Market Investment

0.075%

0.075%

$1,000

Money Market Investment

0.075%

0.075%

$2,500

Money Market Investment

0.10%

0.10%

$5,000

Money Market Investment

0.10%

0.10%

$10,000

Money Market Investment

0.15%

0.15%

$20,000

Money Market Investment

0.15%

0.15%

$50,000

Money Market Gold

0.20%

0.20%

$20,000

Money Market Gold

0.20%

0.20%

$50,000

Money Market Gold

0.20%

0.20%

$75,000

 

 

 

Share Certificates Products

Rate

APY

Balance to Earn APY

6 Month Certificate

0.20%

0.20%

$500

12 Month Certificate

0.25%

0.25%

$500

18 Month Certificate

0.30%

0.30%

$500

24 Month Certificate**

1.34%

1.35%

$500

24 Month YOUTH Certificate**

1.34%

1.35%

$500

36 Month Certificate**

1.49%

1.50%

$500

48 Month Certificate

0.75%

0.75%

$500

60 Month Certificate

1.59%

1.60%

$500

Checking Products

Rate

APY

Balance to Earn APY

Classic Checking

N/A

N/A

N/A

Premier Checking

0.05%

0.05%

$500

Premier 55 Checking

0.05%

0.05%

$1

Business Checking

N/A

N/A

N/A

APY=Annual Percentage Yield. Rates effective and current as of January 4, 2016. For account terms and conditions, please contact a Credit Union Representative or see our Truth-In-Savings and Fee Schedule. Fees may reduce earnings. Rates may change without notification. Pinnacle FCU is not responsible for typographical errors. **Offer ends January 31, 2016.