Current Share Certificate Rates*
Rates effective May 8 through May 14, 2008
|
| Description |
Minimum Balance |
Dividend Rate |
Annual Percentage Yield (APY) |
| 90 Days |
$500 |
1.98 |
2.00 |
| 6 Months |
$500 |
2.08 |
2.10 |
| 1 Year |
$500 |
2.47 |
2.50 |
| 18/24 Month |
$500 |
2.71 |
2.75 |
| 30/36/42 Month |
$500 |
3.20 |
3.25 |
| Long-Term 4-10 Year |
$500 |
3.58 |
3.65 |
| Jumbo 30 Days |
$75,000 |
2.23 |
2.25 |
| Jumbo 1 Year |
$75,000 |
2.71 |
2.75 |
Rates are subject to change at any time. APY = Annual Percentage Yield.
Rate Hotline: (585) 453-RATE or (800) 836-7328 extension 7283.
For a full listing of share certificate rates, please visit our Share Certificate Rate Schedule.
*Subject to change. Not responsible for typographical errors. A penalty will be imposed for early withdrawal. Fees may reduce earnings.
If you're a current member and you would like to open a share certificate, please visit our Applications Section, call our Member Service Center at (585) 453-7030 or (800)
836-SFCU, or stop by any Summit branch. If you'd like to join The Summit today, please visit the Membership section of our site. Funds on deposit are insured by the National
Credit Union Administration (NCUA) up to the legal limit of $100,000.
Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency
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Current Loan Rates*
Rates are subject to change at any time.
APR = Annual Percentage Rate
Fixed rates effective 5/1/08 through 5/15/08 |
| Type of Loan |
Term |
Fixed APR
w/Auto. Pmt. |
Payment Per
$1,000.00 |
Fixed APR
w/Billing |
Payment Per
$1,000.00 |
| New Car |
48 |
4.90 |
22.98 |
5.15 |
23.10 |
| New Car |
60 |
5.25 |
18.99 |
5.50 |
19.10 |
| New Car |
72 |
5.75 |
16.46 |
6.00 |
16.57 |
Used Car
(2002 & Newer) |
48 |
5.50 |
23.26 |
5.75 |
23.37 |
Used Car
(2004 & Newer) |
60 |
5.75 |
19.22 |
6.00 |
19.33 |
| Used Car (2006) |
72 |
6.50 |
16.81 |
6.75 |
16.93 |
| Consolidation |
36 |
10.45 |
32.48 |
10.70 |
32.60 |
| Personal |
12 |
8.95 |
87.43 |
9.20 |
87.54 |
| Personal |
48 |
9.20 |
24.98 |
9.45 |
25.10 |
| New Recreational Vehicle |
48 |
5.45 |
23.23 |
5.70 |
23.35 |
| New Recreational Vehicle |
60 |
5.75 |
19.22 |
6.00 |
19.33 |
| Home Improvement |
60 |
6.60 |
19.61 |
6.85 |
19.73 |
| College Wise |
Up to 96 mos. |
Variable rate - Please call
(585) 453-7030
for most current rate |
For a full listing of loan rates, please click here
or call The Summit's Loan Rate Hotline at (585) 227-LOAN.  *Your exact loan rate and payment will be determined once your loan has been approved, based on your past credit performance. The above rates are subject to change without notice. Not responsible for typographical errors. Call The Summit for fixed rate first mortgage rates. Variable rates available for all loan types. 100% financing available on car loans and recreational vehicle loans. The Summit FCU is an Equal Housing Lender. We do business in accordance with the Fair Housing Law and the Equal Credit Opportunity Act.
Apply for a loan
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Current Home Equity Line Rates*
|
Rates are subject to change at any time.(1)
APR = Annual Percentage Rate
Rates effective 5/1/08 through 5/15/08
Summit pays closing costs. (2) Resulting APR will be .25% lower if member pays.
|
Home Equity Line of Credit Up to 90% Loan to Value |
Loan Amount |
6 Month Intro Rate |
Index + Margin |
Resulting APR |
Payment per $1000 |
| $15,000 or less |
3.95% |
Prime + 0.50% |
5.50% |
$7.82 |
| $15,001 - $50,000 |
3.95% |
Prime + 0.00% |
5.00% |
$7.40 |
| over $50,000 |
3.95% |
Prime - 0.50% |
4.50% |
$6.99 |
Home Equity Line of Credit Up to 100% Loan to Value |
Loan Amount |
Index + Margin |
Resulting APR |
Payment per $1000 |
| $5,000 - $50,000 |
Prime + 1.00% |
6.00% |
$8.23 |
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Current Home Equity Loan Rates*
|
Rates are subject to change at any time.(1)
APR = Annual Percentage Rate
Rates effective 5/1/08 through 5/15/08
Summit pays closing costs. (2) Resulting APR will be .25% lower if member pays.
|
Home Equity Loan Up to 90% Loan to Value |
Term |
Fixed APR with Automatic Payment (3) |
Payment Per $1000 |
| 60 months |
6.70% |
$19.66 |
| 120 months |
6.95% |
$11.59 |
| 180 months |
7.05% |
$8.88 |
Home Equity Loan Up to 100% Loan to Value |
Term |
Index + Margin |
Resulting APR |
Payment per $1000 |
| Up to 180 months |
Prime + 0.90% |
5.90% |
$19.30 |
*Rate subject to change. Not responsible for typographical errors.
Notes:
(1) All rates and terms are subject to change without notice. The introductory APR is discounted during the first 6 months after the date the home equity product is opened and is not based on the index and margin used to make later rate adjustments. The variable rate is subject to change based on the highest Prime Lending Rate quoted in The Wall Street Journal plus or minus a margin. A change in the APR will result in a change in the payment amount. The APR may increase after consummation of your line of credit or loan but may not exceed 15.75%. For current home equity product rates, call our Member Service Center at 453-7030.
(2) If you opt not to pay the closing costs associated with your line of credit or loan, we will require you to reimburse us for all the costs we incurred to open your line of credit or loan, unless you keep your account open for at least two years from the date of your home equity line of credit or home equity loan closing. The mortgaged property must be a 1-4 family dwelling located in New York State and occupied by an owner who is a member of The Summit FCU. Closing costs (when applicable) include a title search, abstract redate, mortgage tax, filing fees, flood certificate fee, Credit Union attorney fee, and title insurance, and are estimated to range from $495 to $1,500. You may receive a specific itemization of these fees upon request. Property insurance is required.
(3) The automatic payment rate is only available when the member authorizes the Credit Union to automatically deduct payments from the member's share account. To receive the automatic payment rate, the payment transfer must be from a member's share 8 or share 20 account. If you would like to be billed, your APR will be .25% higher than the APR with automatic payment.
All loans are subject to credit approval. You must be a member of The Summit FCU to take advantage of its products and services. Additional restrictions may apply. The Summit FCU is an Equal Housing Lender. We do business in accordance with the Fair Housing Law and the Equal Credit Opportunity Act. Our main office is located at 100 Marina Drive, Rochester, NY 14626.
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Current Credit Card Rates*
Rates are subject to change at any time.
APR = Annual Percentage Rate
|
| Type of Card |
6 Month Intro Rate |
Fixed Rate Thereafter |
| VISA Classic |
N/A |
13.95% |
| VISA Gold |
4.95% |
9.25% |
| VISA Platinum |
4.95% |
10.95% |
*Rates subject to change. Not responsible for typographical errors.
Please click here for a full listing of VISA Rates and Terms.
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Mortgage Rates
Click here for our mortgage rates.
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Current Savings Rates*
Rates are subject to change at any time.
APY = Annual Percentage Yield |
| Description |
Minimum Balance |
Dividend Rate |
Annual Percentage Yield (APY) |
| Regular Savings/Club Accounts |
$100 |
0.55** |
0.55** |
| Variable Rate IRA |
$0 |
1.98 |
2.00 |
| Premium Checking |
$1,000 |
0.60 |
0.60 |
| Money Market |
$1,500 |
1.00 |
1.00 |
| Money Market |
$10,000 |
1.49 |
1.50 |
| Money Market |
$25,000 |
1.74 |
1.75 |
| Money Market |
$50,000 |
1.98 |
2.00 |
| NEW! MoneyMax Money Market |
$25,000 |
2.23 |
2.25 |
| NEW! MoneyMax Money Market |
$75,000 |
2.47 |
2.50 |
| NEW! MoneyMax Money Market |
$150,000 |
2.72 |
2.75 |
Rate Hotline: (585) 453-RATE
*Rates subject to change. Rates may change after account is opened. Not responsible for typographical errors. Fees may reduce earnings. ** Rate is for month ending 4/30/08.
For your copy of The Summit's Rate and Fee Schedule, please click here.
If you are interested in opening any of these accounts, please call our Member Service
Center at (585) 453-7030 or (800) 836-SFCU, or stop by any Summit branch!
Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency
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