Rates - All Types

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Loan Rates

The following rates are effective on September 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Auto/Motorcycle Fixed Loan Rates
Model Year Loan Amount Term APR* as low as**
New $5,000 min up to 60 mos. 5.49%
New $15,000 min 61 to 72 mos.~ 5.64%
New $15,000 min 73 to 84 mos. 6.64%
Used/Refinanced $5,000 min up to 60 mos.

6.24%

Used/Refinanced $15,000 min 61 to 72 mos.~ 6.49%
Late Model Used/Refinanced+ $3,000 min up to 36 mos. 8.24%

If you don’t see what you need, please contact us to discuss how we can help you.
Financing Up to 125% of MSRP or NADA Clean Retail — Including tax, title and warranty products.^
All loans must be current & have satisfactory payment history.
New = never titled and less than 12,000 miles, Used = previously titled.

*APR = Annual Percentage Rate
**APR is based on evaluation of applicant's credit. Your actual APR may vary.
~ New and Used Motorcycle loans are limited to 60 months.
^ Other conditions may apply.

+Late Model is considered older than 10 model years. Financing up to 100% of NADA Clean Retail - Including tax, title and warranty products. Other conditions may apply.

 

Auto/Motorcycle Fixed Loan Rates
Age of Vehicle Maximum Term/Dollar Value

Current to Five Years Old

Max. 72 months if over $15,000
Max. 60 months if over $5,000

Six and Seven Years Old

Max. 48 Months

Eight to Ten Years

Max. 36 Months

Over Ten Years Old Max. 36 Months

The following rates are effective on September 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Home Equity Line-of-Credit
Loan Type Term APR* as low as**
Gold (90% CLTV)†o Revolving 8.50%
Classic (90% CLTV)§o Revolving 8.00%

CLTV = Combined Loan to Value.
Variable rate is based on The Wall Street Journal Prime. Rate adjusted monthly. The Gold Home Equity Line-of-Credit is subject to a floor of 3.50% APR. With HELOC Gold, you have the option to pay Interest Only for the first 10 years.

§Variable rate is based on The Wall Street Journal Prime. Rate adjusted monthly. The Classic Home Equity Line-of-Credit is subject to a floor of 3.50% APR.
oOn average, closing costs may vary depending upon the amount of the loan, terms, property value, etc. Consult your tax advisor regarding the deductibility of interest and charges.

* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.

The following rates are effective on September 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Leisure Vehicles
Loan Type Loan Amount Term APR* as low as**
Boat, RV $15,000 min up to 84 mos. 8.49%
Boat, RV $40,000 min 85 to 120 mos. 9.79%
Boat, RV $40,000 min 121 to 144 mos. 10.29%

Includes Personal Watercraft and Snowmobiles.

*Annual Percentage Rate.
**APR is based on evaluation of applicant's credit at time of application. Your actual APR may vary. FedChoice Federal Credit Union's normal underwriting requirements apply.

The following rates are effective on September 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Line-of-Credit
Loan Amounts $300 to $20,000
Loan Type APR* as low as**
Instant Access Line-of-Credit (variable) 12.00%

Base rate derived from The Wall Street Journal Prime Rate plus 4%. Other tiers apply. Rate adjusted monthly.

* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.

The following rates are effective on September 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Share Secured Loans
Loan Type Term APR* 
Share Secured Loan (variable)†§ up to 84 mos. 3.20%

 

Amount of shares securing the loan must be in Main Share Savings Account.
Rate based on the cost of funds plus 3%. (Cost of funds is the basic savings account dividend rate for balances >= $2,500.00.) Rate adjusted semi-annually.
§ Minimum loan amount $300.00/Maximum loan amount $50,000.00

* Annual Percentage Rate
 

The following rates are effective on September 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Signature Loans
Loan Amounts to $35,000
Rate Type Loan Amount Term APR* as low as**
Fixed $500 min up to 36 months 11.99%
Fixed $2,000 min 37 to 60 months 13.99%

* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.

The following rates are effective on September 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Smart Choice Home Equity Loans
Fixed Interest Rates
Loan Type Term APR* as low as**
5 Year (80% LTV)†^ 60 months 7.49%
5 Year (90% CLTV)†± 60 months 10.24%
10 Year (80% LTV)‡^ 120 months 7.74%
10 Year (90% CLTV)‡± 120 months 10.49%
15 Year (80% LTV)‡^ 180 months 7.99%
15 Year (90% CLTV)‡± 180 months 10.74%
20 Year (80% LTV)‡^ 240 months 7.99%
20 Year (90% CLTV)‡± 240 months 10.74%

* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.
Owner-occupied primary residence. 1st or 2nd lien, no pre-payment penalty.
Borrow $5,000 to $500,000.
Borrow $10,000 to $500,000.
^ 1st lien Smart Choice Home Equity Fixed Rate loans are limited to a maximum loan to value of 80%.
± Not applicable to 1st liens for Smart Choice Home Equity Fixed Rate loans.

The following rates are effective on September 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

VISA® Credit Card Rates
Terms VISA® Cash Back Credit Card VISA® PLATINUM with Rewards VISA® Gold VISA® Share Secured
Special Features Earn 1.00% Cash Back for every $1 you spend!~~
 A great FIXED rate!
 
APR* For Purchases

Variable Rate As low as 
15.00%**

Variable Rate As low as 
12.00%††
Fixed Rate from
10.00% - 18.00%
Variable Rate 
currently at 14.50%
Method Of Computing the Balance For Purchases
Average 
Daily Balance
APR* For Cash Advances Variable Rate††
Variable Rate††
Fixed Rate
10.00% - 18.00%
Variable Rate
Transaction Fee For Purchases
None
Credit Limit $5,000 to $35,000
$5,000 to $50,000
$500 to $35,000
$300 to $5,000
Grace Period For Repayment Of the Balance For Purchases
You have 27 days to repay your balance before being charged a finance charge.
Annual Fee
None

* APR = Annual Percentage Rate. APR is based on evaluation of applicant’s credit at time of application. Actual APR may vary. FedChoice Federal Credit Union’s normal underwriting requirements apply.
~ Cash advances and transfers do not qualify for Platinum Rewards points. Points can be redeemed for a variety of travel and merchandise awards, but NOT cash.

~~Cash advances and transfers do not qualify for earning 1.00% Cash Back.
†† Variable rate is based on The Wall Street Journal Prime plus 3.50% to 9.00%. Rate may be adjusted monthly and depends upon applicant’s creditworthiness at time of application.
** Variable rate is based on The Wall Street Journal Prime plus 7.00% to 17.00%. Rate may be adjusted monthly and depends upon applicant’s creditworthiness at time of application.
Variable rate is based on The Wall Street Journal Prime plus 7.00% - rate adjusted semi-annually. Share Secured VISA® requires a deposit of 110% of credit limit.

Deposit Rates

Rates reflect dividends for July 1, 2023 to September 30, 2023. For updated information, inquire at any FedChoice Financial Service Center location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Checking Accounts
Type of Account Minimum Daily Balance to Earn Declared Rate APY*
Premium Checking§ $1,500 0.15%
High Yield Checking^ $0 3.00%

§Dividends Compounded and Credited: Quarterly
Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement.

^For High Yield Checking accounts, you may qualify for higher dividend rate and annual percentage yield if you meet the applicable minimum qualification requirements for the monthly qualification cycle. To meet the minimum qualification requirements you must; a) make 15 debit card transactions totaling $500.00 that post and settle your account; and b) be enrolled to receive eStatements. The monthly qualification cycle is defined as the beginning of the month to the last day of the month. All debit card transactions must post and settle to your account during the monthly qualifications cycle to qualify for higher dividend rate and annual percentage yield. You will not receive dividends on any balance greater than $10,000.00 or if you do not meet the minimum qualification requirements. Rate subject to change after account opening. Dividends are paid monthly. 

*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. See your account disclosure for additional information about your account.

All rates subject to change without notice. Please call the Member Care Center to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.

Coverdell ESA Share Account rates reflect dividends for July 1, 2023 to September 30, 2023. For updated information, inquire at any FedChoice Financial Service Center location or contact our Financial Advisory Center at 301.699.6151/800.969.6151.

Coverdell ESA Share Account Rates
Type of Account Minimum Opening
Balance
Minimum Daily
Balance to Earn
Declared Rate
APY*
Coverdell Education
Savings Account
$100.00 $100.00 to
$1,500.00
0.25%
  $1,500.01 $1,500.01 to
$20,000.00
0.35%
  $20,000.01 $20,000.01
and above
0.45%

Dividends Compounded and Credited: Monthly. Dividends are paid from current income and available earnings, after required transfers to reserves, after the end of the dividend period. Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement. *Fees: Refer to Service Fees.

*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.

All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.

Coverdell ESA Share Certificate rates reflect dividends for September 1, 2023 to September 30, 2023. For updated information, inquire at any FedChoice Financial Service Center location or contact our Financial Advisory Center at 301.699.6151/800.969.6151.

Coverdell ESA Share Certificate
Term Minimum Opening
Balance
Dividends Compounded / 
Credited
APY* Earn More
APY**
18 Month† $250.00 Monthly 4.10% 4.35%

Dividends Compounded and Credited: Monthly. Dividends are paid from current income and available earnings, after required transfers to reserves, after the end of the dividend period. Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement. *Fees: Refer to Service Fees.

*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.

**The Earn More rate is applied to certificates opened by members who have open checking accounts. If you do not have a checking account, the lower "standard" rate will apply. If you open a checking account after a certificate is opened, the Earn More rate will apply only when the certificate renews.

All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.

Rates reflect dividends for the period of July 1, 2023 to September 30, 2023. For updated information, inquire at any FedChoice Financial Service Center location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

IRA Share Account
Choose From Traditional IRA * Roth IRA * SEP IRA
Type of Account Minimum Opening
Balance
Minimum Daily
Balance to Earn
Declared Rate
APY*
ROTH, SEP, 
Traditional IRA
Share Accounts
$100.00 $100.00 to
$1,500.00
0.25%
  $1,500.01 $1,500.01 to
$20,000.00
0.35%
  $20,000.01 $20,000.01
and above
0.45%

Dividends Compounded and Credited: Monthly. Dividends are paid from current income and available earnings, after required transfers to reserves, after the end of the dividend period. Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement. *Fees: Refer to Service Fees.

*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.

All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.

Term Individual Retirement Account rates reflect dividends for July 1, 2023 to September 31, 2023. For updated information, inquire at any FedChoice Financial Service Center location or contact our Financial Advisory Center at 301.699.6151/800.969.6151.

IRA Term Certificates
Choose From Traditional IRA * Roth IRA * SEP IRA  
Term Minimum Opening
Balance
Dividends Compounded /
Credited
APY* Earn More
APY*
18 Month
IRA
$500 Monthly 4.10% 4.35%
18 Month
IRA Mini-Jumbo
$50,000 Monthly 4.15% 4.40%
18 Month
ROTH IRA
$500 Monthly 4.10% 4.35%
18 Month
ROTH IRA Mini-Jumbo
$50,000 Monthly 4.15% 4.40%
18 Month
SEP IRA
$500 Monthly 4.10% 4.35%
18 Month
SEP IRA Mini-Jumbo
$50,000 Monthly 4.15% 4.40%
60 Month
IRA
$500 Monthly 4.45% 4.70%
60 Month
IRA Mini-Jumbo
$50,000 Monthly 4.50% 4.75%
60 Month
ROTH IRA
$500 Monthly 4.45% 4.70%
60 Month
ROTH IRA Mini-Jumbo
$50,000 Monthly 4.50% 4.75%
60 Month
SEP IRA
$500 Monthly 4.45% 4.70%
60 Month
SEP IRA Mini-Jumbo
$50,000 Monthly 4.50% 4.75%

Dividends Compounded and Credited: Monthly. Dividends are paid from current income and available earnings, after required transfers to reserves, after the end of the dividend period. Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement. *Fees: Refer to Service Fees.

*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.

**The Earn More rate is applied to certificates opened by members who have open checking accounts. If you do not have a checking account, the lower "standard" rate will apply. If you open a checking account after a certificate is opened, the Earn More rate will apply only when the certificate renews.

Please keep in mind, if you open a FedChoice checking account after the certificate was opened, the higher dividend rate will only apply when the certificate renews. Similarly, if you already have a FedChoice checking account and FedChoice certificates, the new higher dividend rate will only apply once the certificate renews.

All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.

Rates reflect dividends for the period of September 1, 2023 -  September 31, 2023. For updated information, inquire at any FedChoice Financial Service Center location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Money Markets
Type of Account Minimum Opening Balance Minimum Daily Balance
to
Earn Declared Rate
APY* Earn More
Money Market $1,500.00 $1,500.00 to $20,000.00 1.30% 1.40%
  $20,000.01 $20,000.01 to $50,000.00 1.35% 1.45%
  $50,000.01 $50,000.01 to $100,000.00 1.40% 1.50%
  $100,000.01 $100,000.01 & Over 1.45% 1.55%

Dividends Compounded and Credited: Monthly
Balance Method: Average Daily Balance, Limitations: Refer to Membership and Account Agreement including Disclosures.
*Fees: Refer to Service Fees.

Earn More Money Market = FedChoice Federal Credit Union checking account with Money Market - Money Market earns an extra .10% BONUS

*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.

All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration(NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.

Rates reflect dividends for July 1, 2023 to September 30th, 2023. For updated information, inquire at any FedChoice Financial Service Center location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Savings Accounts
Type of Account Minimum Opening Balance Minimum Daily Balance to 
Earn Declared Rate
APY*
Main Share Savings $5.00 $50.00 & Over 0.20%
Special Savings Accounts $0.00 $50.00 & Over 0.20%
Holiday Club $0.00 $50.00 & Over 0.20%
Furlough Savings $0.00 $50.00 & Over 0.35%

 

Dividends Compounded and Credited Quarterly. 

Minimum Balance For Dividends: $50.00 Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement.

Holiday Club accounts mature October 31st of each year. Funds will transfer to the account that you have specified.

*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.

All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.

Rates reflect dividends for the period of September 1, 2023 - September 30, 2023. For updated information, inquire at any FedChoice Financial Service Center location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Share Certificate
Term Dividends Compounded /
Credited
Rate Tiers APY* Earn More
APY**
6 Months Regular Quarterly $500 - $49,999 3.50% 3.75%
Mini-Jumbo   $50,000 and above 3.55% 3.80%
11 Months High-Yield^ Quarterly $500 - $500,000 5.25% N/A
12 Months Regular Quarterly $500 - $49,999 4.00% 4.25%
Mini-Jumbo   $50,000 and above 4.05% 4.30%
18 Months Regular Quarterly $500 - $49,999 4.10% 4.35%
Mini-Jumbo   $50,000 and above 4.15% 4.40%
24 Months Regular Quarterly $500 - $49,999 4.20% 4.45%
Mini-Jumbo   $50,000 and above 4.25% 4.50%
36 Months Regular Quarterly $500 - $49,999 4.30% 4.55%
Mini-Jumbo   $50,000 and above 4.35% 4.60%
48 Months Regular Quarterly $500 - $49,999 4.40% 4.65%
Mini-Jumbo   $50,000 and above 4.45% 4.70%
60 Months Regular Quarterly $500 - $49,999 4.45% 4.70%
Mini-Jumbo   $50,000 and above 4.50% 4.75%
$500 Minimum Opening Balance  

Term Certificate accounts may be subject to penalties for early withdrawal.

*Rates quoted as Annual Percentage Yield (APY). Any APY provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.

**The Earn More rate is applied to certificates opened by members who have open checking accounts. If you do not have a checking account, the lower "standard" rate will apply. If you open a checking account after a certificate is opened, the Earn More rate will apply only when the certificate renews.

^ Not available for the Earn More rate even if the account has an associated checking account. Limited to one per member. This 11 month Share Certificate must be opened with funds not on deposit at FedChoice (defined as not having been at FedChoice in the last 30 days). FedChoice Federal Credit Union reserves the right to discontinue this offer without further notice to you. 

Please keep in mind, if you open a FedChoice checking account after the certificate was opened, the higher dividend rate will only apply when the certificate renews. Similarly, if you already have a FedChoice checking account and FedChoice certificates, the new higher dividend rate will only apply once the certificate renews.

All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.