Rates

Share Rates as of November 28, 2018
 
Money Market
  Minimum
Deposit
Dividend
Rate
APY*
Tier 1 $1,000 – $2,499.99 0.30% 0.30%
Tier 2 $2,500 – $9,999.99 0.35% 0.35%
Tier 3 $10,000 – $24,999.99 0.40% 0.40%
Tier 4 $25,000 or More 0.45% 0.45%
*APY= Annual Percentage Yield
Rates are subject to change without notice. Fees may reduce earnings.  Transfers and withdrawals from a Money Market account to another account of yours or to third parties by preauthorized or automatic transfer, telephone, home banking or check, draft, debit card or similar order payable to third parties are limited to six per month.

Share / Savings Accounts

  Minimum
to earn
Dividend
Dividend
Rate
APY*
Minimum
to open
Regular Savings $50 0.10% 0.10% $5
Savings (Additional) $0 0.10% 0.10% $0
Savings (IRA) $0 0.10% 0.10% $0
Holiday Club $0 0.10% 0.10% $0
Vacation Club $0 0.10% 0.10% $0
*APY= Annual Percentage Yield
Rates are subject to change without notice. Fees may reduce earnings.  Transfers and withdrawals from the saving accounts listed above to another account of yours or third parties by preauthorized or automatic transfer, telephone, home banking or check, draft, debit card or similar order payable to third parties are limited to six per month.

Checking Accounts

  Minimum
Deposit
Dividend
Rate
APY*
Tier 1 $0.00 – $2,499.99 0.00% 0.00%
Tier 2 $2,500 – more 0.05% 0.05%
*APY= Annual Percentage Yield
Rates are subject to change without notice. Fees may reduce earnings.

Kasasa Accounts

Product Dividend Rate APY*
Kasasa Cash 1.99% 2.01%
Kasasa Saver 1.00% 1.00%

*APY= Annual Percentage Yield

To qualify members need to be signed up for E-Statements and 12 debit transactions a month.

Rates are subject to change without notice. Fees may reduce earnings.

If qualifications are met for Kasasa Cash, balances up to $25,000 receive 2.01% APY; and balance over $25,000 earn 0.30% APY on the portion of the balances over $25,000, resulting in a range from 0.30% to 2.01% APY depending on the account’s balance.

If qualifications are met for Kasasa Saver, balances up to $15,000 receive 1.00% APY; and balance over $15,000 earn 0.30% APY on the portion of the balances over $15,000, resulting in a range from 0.30% to 1.00% APY depending on the account’s balance.

If qualifications are not met for Kasasa Cash & Kasasa Saver, all balances in the account earn .03% APY.

Certificates / IRA Certificates

Product Dividend Rate APY*
 3 Months 0.35% 0.35%
6 Months 0.75% 0.75%
12 Month Winter Promo** 2.72% 2.75%
24 Months 1.60% 1.61%
36 Months 1.76% 1.77%
48 Months 1.87% 1.89%
60 Months 2.00% 2.02%
Open a Certificate Amount
**12 Month Winter Promo – This offer expires 02/28/2019 or may be withdrawn at anytime for any reason.

*APY= Annual Percentage Yield Minimum balance to open account and obtain the APY is $500. Rates are subject to change without notice. Fees may reduce earnings. Early withdrawals are subject to penalties. Dividends compounded monthly, credited monthly

Loan Rates as of December 14, 2018

XCEL FCU is your place for affordable home ownership!

Call our Loan Department at 973-ASK-XCEL (275-9235) option 2 for current rates and terms on Adjustable Rate Mortgage products.

Fixed Rate Mortgages

Loan Type  Interest Rate APR* (As low as)
30 Year Fixed 4.750% 4.953%
20 Year Fixed 4.625% 4.902%
15 Year Fixed 4.375% 4.725%
10 Year Fixed 4.250% 4.752%
*APR=Annual Percentage Rate. Rates are subject to change at any time.
Rates may vary subject to loan amount, loan term, loan-to-value ratio and credit rating. Therefore, your rate, APR and fees may differ.
Private Mortgage Insurance is required for down payments that are less than 20%.
Property insurance is required. Flood insurance may be required.
An escrow account for payment of taxes and insurance will be established.
Financing available on 1-4 Family Owner-Occupied Primary Residences and Second Homes.
All loans are subject to credit approval.

Home Equity

Loan Type
APR* (As low as) Maximum Loan Amount
Maximum Combined LTV
5 Year Fixed 3.99% $350,000 80%
10 Year Fixed 4.75% $350,000 80%
15 Year Fixed 5.25% $350,000 80%
*APR= Annual Percentage Rate.   Rates are subject to change at any time.
Rates are based on an evaluation of credit history; therefore, your rate may differ.  Approvals are subject to our underwriting criteria.
Fixed Rate Home Equity Loans are available on primary residence and second homes.  A sample loan payment based on $100,000 at a rate of 5.25% APR for 15 years would have a monthly payment of $804.08.
XCEL FCU will pay most of your closing costs on a home equity application excluding government recording charges and taxes when required.  Loans paid off and closed in less than two years from the loan origination will require reimbursement of all closing costs paid by XCEL FCU.  Closing costs depend on the location of the property and the amount of the Equity Loan.
Loan Type APR* (As low as) Maximum Loan Amount Maximum Combined LTV
Home Equity Line 5.25% $350,000 80%
Interest Only** 5.25% $350,000 80%
*APR= Annual Percentage Rate.   Rates are subject to change at any time.
Rates are based on an evaluation of credit history; therefore, your rate may differ.  Approvals are subject to our underwriting criteria.
All Home Equity Lines are variable rate products based on the Prime Rate as published in the Wall Street Journal.
The minimum APR (floor rate) that can apply is 4.00% and the maximum APR (ceiling rate) is 18.00%.  Home Equity Lines of Credit are available on primary residences and second homes.
Members may borrow against their available credit line for a period of 10 years, after which any existing balance must be paid in full within the following 15 years.
**Payments are interest only for 7 years and then change to principal and interest for the remaining 15 years.
XCEL FCU will pay most of your closing costs on a home equity application excluding government recording charges and taxes when required.  Home Equity Lines paid off and closed in less than two years from the loan origination will require reimbursement of all closing costs paid by XCEL FCU.  Closing costs depend on the location of the property and the amount of the Home Equity Line of Credit.

Secured Loans

Loan Type APR*(As low as) Terms
New Auto / Truck / Motorcycle 2.49% Up to 36 Months
2.99% 37 – 48 Months
 3.49% 49 – 60 Months
 3.99%  61 – 72 Months
 4.49%  73 – 84 Months
Loan Type APR*(As low as) Terms
Used Auto / Truck / Motorcycle 2.99% Up to 36 Months
3.49% 37 – 48 Months
3.99% 49 – 60 Months
4.49% 61 – 72 Months
4.99% 73 – 84 Months
*APR= Annual Percentage Rate.  Rates are subject to change at any time.
Motorcycle APRs are 1.00% above the advertised rate.
Rates are based on an evaluation of credit history; therefore, your rate may differ.  Approvals are subject to our underwriting criteria.
Loan Payment Example:  New auto loan of $25,000 for 60 months at 3.49% will have a monthly payment of $454.72.
New Vehicles are year models 2018 & 2017 with 10,000 miles or less.
Used Vehicles are 5 years old or newer.
Refinancing available on loans with other lenders.
Loan Type APR*(As low as) Terms
New Boat & Recreational Vehicle 8.00% Up to 60 Months
9.00% 61 – 72 Months
10.00% 73 – 84 Months
11.00% 85 – 120 Months
Loan Type APR*(As low as) Terms
Used Boat & Recreational Vehicle 8.50% Up to 60 Months
9.50% 61 – 72 Months
10.50% 73 – 84 Months
11.50% 85 – 120 Months
*APR=Annual Percentage Rate. Rates are subject to change at any time.
Rates are based on an evaluation of credit history; therefore, your rate may differ. Approvals are subject to our underwriting criteria.
Loan Payment Example: New boat loan of $30,000 for 60 months at 8.00% will have a monthly payment of $608.19.
Boat and Recreational Vehicles must be used for recreational purposes only.

Personal/Secured Loans and Credit Cards

Loan Type APR*(As low as) Terms
Personal/Debt Consolidation 6.99% – 11.99% Up to 12 Months
7.99% – 13.99% 13 – 36 Months
9.99% – 15.99% 37 – 60 Months
11.99% – 16.99% 61 – 84 Months
Loan Type APR*(As low as) Terms
Shared Secured Share Rate + 2.00% Up to 120 Months
 Certificate Secured Certificate Rate  + 2.00% Up to 60 Months
Loan Type APR*(As low as) Terms
Line of Credit 9.99% 61 – 84 Months
*APR=Annual Percentage Rate.  Rates are subject to change at any time.
Rates are based on an evaluation of credit history; therefore, your rate may differ.  Approvals are subject to our underwriting criteria.
In some cases, XCEL will pay your debtor directly then request the account be closed.
Personal/Debt Consolidation Loans: 
– Loan Payment Example:  Personal Loan of $3,000 for 12 months has a payment range of $260 to $267.
Share Secured Loans: 
– As the loan is paid off, more shares become available to you.  Shares continue to earn dividends.
Loan Payment Example:  Share Secured Loan of $1,200 for 12 months at 2.10% will have a monthly payment of $101.14.
Certificate Secured Loans: 
– Loan amount cannot exceed the amount of shares in the certificate.  The loan term must be equal to or less than the certificate term.
Loan Payment Example:  Certificate Secured Loan of $3,000 for 24 months at 3.44% will have a monthly payment of $129.52.
Credit Cards APR* (As low as) Annual Fee Grace Period
Platinum Visa 11.74% $0.00 25 Days
Secured Visa 14.25% $0.00 25 Days
*APR=Annual Percentage Rate. Rates are subject to change at any time.
Credit Cards are variable rate products based on the Prime Rate as published in the Wall Street Journal and are subject to change monthly.
See credit card terms and conditions for more details.
Variable Rates are based on an evaluation of credit history; therefore, your rate may differ. Approvals are subject to our underwriting criteria.
Repayment terms of 3% of the outstanding balance or $10; whichever is greater.