Rates and Fee Schedules

Rates are subject to change at any time.  To view our daily rates, please scroll down or select from the below list:

• Deposit Rates
  
• Mortgage and Home Equity Rates
  
• Credit Card Rates
  
• Vehicle Loan Rates
  
• Personal Loan Rates
  
• Student Loan Rates
  

Consumer Fee Schedule

Business Fee Schedule

Deposit Rates

Rates effective as of 5/1/2020.

Certificates (also available for IRAs)

Rates effective as of 6/19/2020.

*APY = Annual Percentage Yield. 

Checking Account (Share Draft) Disclosure: Dividend rates are accurate as of the last dividend declaration date. All checking accounts are considered variable rate accounts and rates are subject to change at any time without notice. Fees or other conditions may reduce earning on the account .   Refer to Central One Federal Credit Union's  Member Account Agreement  and  Schedule of Fees.

Savings and Money Market Accounts (Share and Maxi) Disclosure: Dividend rates are accurate as of the last dividend declaration date. All savings and money market accounts are considered variable rate accounts and rates are subject to change at any time without notice.  Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earning on the account .   Refer to Central One Federal Credit Union's  Member Account Agreement  and  Schedule of Fees.

Certificate (Share Certificate) Disclosure: The annual percentage yield (APY) on all certificates assumes that dividends remain in the account until maturity. Regular Certificates have a $1,000.00 minimum. Central Advantage Premium Certificates have a $10,000.00 minimum. Future Investor Premium Certificates have a $100 minimum. All certificate rates are fixed for the length of the term. A penalty may be imposed for withdrawals before maturity. If your account has an original maturity of one year or less, the penalty will equal three months dividends on the amount withdrawn subject to penalty. If your account has an original maturity of more than one year the penalty will equal six months dividends on the amount withdrawn subject to penalty. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. If the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal. In certain circumstances such as the death or incompetence of an owner of this account, the law permits or may require the waiver of the early withdrawal penalty. Other exceptions may also apply; for example, if the certificate is part of an IRA or other tax-deferred savings plan.

Mortgage and Home Equity Rates

Adjustable Rate Mortgages

Save an extra .25% on your adjustable mortgage rate by having a Central Advantage Checking account when purchasing a primary residence.

	ARM	Loan to Value	Rate	APR	Est. Payment	More Information
	10/5 ARM	≤ 75%	3.125 %	2.858 %	Calculate
	Additional Information
	The 10/5 Adjustable Rate Mortgage offers a fixed APR of 2.858 %for the first 10 years then adjusts to a new rate every 5 years. Term: Available for terms up to 30 years. Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan. Benefits: Central One's ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate. Calculate your monthly payment using the ARM Mortgage Calculator Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Begin the Application Process
		> 75%	3.375 %	3.109 %	Calculate
	Additional Information
	The 10/5 Adjustable Rate Mortgage offers a fixed APR of 3.109 %for the first 10 years then adjusts to a new rate every 5 years. Term: Available for terms up to 30 years. Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan. Benefits: Central One's ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate. Calculate your monthly payment using the ARM Mortgage Calculator Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Begin the Application Process
	5/1 ARM	≤ 75%	2.875 %	2.575 %	Calculate
	Additional Information
	The 5/1 Adjustable Rate Mortgage offers a fixed APR of 2.575 %for the first 5 years then adjusts to a new rate every 1 years. Term: Available for terms up to 30 years. Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan. Benefits: Central One's ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate. Calculate your monthly payment using the ARM Mortgage Calculator Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Begin the Application Process
		> 75%	3.125 %	2.826 %	Calculate
	Additional Information
	The 5/1 Adjustable Rate Mortgage offers a fixed APR of 2.826 %for the first 5 years then adjusts to a new rate every 1 years. Term: Available for terms up to 30 years. Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan. Benefits: Central One's ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate. Calculate your monthly payment using the ARM Mortgage Calculator Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Begin the Application Process
	3/3 ARM	≤ 75%	2.625 %	2.557 %	Calculate
	Additional Information
	The 3/3 Adjustable Rate Mortgage offers a fixed APR of 2.557 %for the first 3 years then adjusts to a new rate every 3 years. Term: Available for terms up to 30 years. Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan. Benefits: Central One's ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate. Calculate your monthly payment using the ARM Mortgage Calculator Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Begin the Application Process
		> 75%	2.875 %	2.806 %	Calculate
	Additional Information
	The 3/3 Adjustable Rate Mortgage offers a fixed APR of 2.806 %for the first 3 years then adjusts to a new rate every 3 years. Term: Available for terms up to 30 years. Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan. Benefits: Central One's ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate. Calculate your monthly payment using the ARM Mortgage Calculator Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Begin the Application Process
	1/1 ARM	≤ 75%	2.375 %	2.405 %	Calculate
	Additional Information
	The 1/1 Adjustable Rate Mortgage offers a fixed APR of 2.405 %for the first 1 years then adjusts to a new rate every 1 years. Term: Available for terms up to 30 years. Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan. Benefits: Central One's ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate. Calculate your monthly payment using the ARM Mortgage Calculator Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Begin the Application Process
		> 75%	2.625 %	2.653 %	Calculate
	Additional Information
	The 1/1 Adjustable Rate Mortgage offers a fixed APR of 2.653 %for the first 1 years then adjusts to a new rate every 1 years. Term: Available for terms up to 30 years. Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan. Benefits: Central One's ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate. Calculate your monthly payment using the ARM Mortgage Calculator Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Begin the Application Process

Rates effective as 6/30/2020

**No Closing Cost program has a minimum loan amount of $125,000. Available on owner-occupied homes only. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information. 

Adjustable Rate Mortgage (ARM) Disclosure: Jumbo mortgages add 0.375% to the stated rate. Rates are subject to change without notice. Rates listed include 0.25% discount for Direct Deposit and Electronic Loan Payment when the payment is taken from a Central One account. Actual rate will be determined based on credit history, term, loan to value and other factors. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information. 

Fixed Rate Mortgage Disclosure: Published rates are based on purchase transactions with 25% down and a credit score of 740. Jumbo mortgages add 0.375% to the stated rate. Rates are subject to change without notice. Actual rate will be determined based on credit history, term, loan to value and other factors. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information. 

VA Loan Disclosure: Financing provided by CU Members Mortgage, a division of Colonial Savings, F.A. NMLS 401285. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information.

MyChoice Mortgage Refinance Disclosure: First position mortgage only. Property must be owner-occupied. Must have a 720 credit score or higher to qualify. Rates listed include 0.25% discount for Direct Deposit and Electronic Loan Payment when the payment is taken from a Central One account. Appraisal is needed for any loan to value over 70% of assessed, or any loan amount over $250,000, max loan to value is 80% of appraised value. Credit score of 660+ required. Other loan to value options available for credit scores below 660. If you live outside of Worcester County, additional Appraisal and Title Search Fees may apply. Actual rate will be determined based on credit history, term, loan to value and other factors. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information. 

Construction/Renovation Disclosure: Loan limits apply: Single Family Home = $417,000; 2 Family Home = $533,850; 3 Family Home = $645,300; 4 Family Home = $801,950. Actual rate will be determined based on credit history, term, loan to value and other factors. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information. 

Home Equity Line of Credit (HELOC) Disclosure: Variable interest rate as low as Prime minus 1%. Floor rate is 3.25% APR. The Prime Rate is published by the Wall Street Journal; the current Prime rate can be found at the WSJ website. Rate adjustment occurs once per year on the 15th of the month of account anniversary. Max APR is 17.5%. Actual rate will be determined based on credit history, term, loan to value and other factors. Home must be owner-occupied or second home. Borrow up to 80% of the appraised value of your home less first mortgage balance  or 70% of the tax-assessment value less first mortgage balance. Credit score of 660+ required. Other loan to value options available for credit scores below 660. Only pay interest on the funds you borrow.  Minimum line amount of $7,500. Flexible payment terms of up to 30 years. Interest may be tax deductible (consult your tax advisor). No closing costs for properties within Worcester County with loans of $250,000 or less (except appraisal and title search if required).  Any loan amount over $250,000 will require an appraisal. Title search fees may apply for properties outside of Worcester County or properties obtained through a foreclosure deed. Property and flood insurance may be required. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information. 

100% Home Equity Line of Credit (HELOC) Disclosure: Variable interest rate as low as Prime minus 1%. Floor rate is 3.25% APR. The Prime Rate is published by the Wall Street Journal; the current Prime rate can be found at the WSJ website. Rate adjustment occurs once per year on the 15th of the month of account anniversary. Max APR is 17.5%. Actual rate will be determined based on credit history, term, loan to value and other factors. Home must be owner-occupied or second home. Borrow up to 100% of the appraised value of your home less first mortgage balance or 70% of the tax-assessment value less first mortgage balance. Only pay interest on the funds you borrow. Minimum line amount of $7,500.Flexible payment terms of up to 30 years. Interest may be tax deductible (consult your tax advisor). No closing costs for properties within Worcester County with loans of $250,000 or less (except appraisal and title search if required). Any loan amount over $250,000 will require an appraisal. Title search fees may apply for properties outside of Worcester County or properties obtained through a foreclosure deed. Property and flood insurance may be required. Minimum credit score of 660. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information.

Investment Interest Home Equity Line of Credit (HELOC) Disclosures: ¹ Variable interest rate as low as Prime plus 1%.  Floor rate is 3.25% APR. The Prime Rate is published by the Wall Street Journal; the current Prime rate can be found at the WSJ website. Rate adjustment occurs once per year on the 15th of the month of account anniversary. Max APR is 17.5%. Actual rate will be determined based on credit history, term, loan to value and other factors. Minimum line amount of $7,500.  Interest may be tax deductible (consult your tax advisor).² Investment property must be 1-4 family homes or condos. No commercial retail property.  Borrow up to 80% of the appraised value of your home less first mortgage balance or 70% of the tax-assessment value less first mortgage balance. Credit score of 660+ required. Other loan to value options available for credit scores below 660. Only pay interest on the funds you borrow.  Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information.

Home Equity Loan Disclosure: Home Equity Loan rates listed include 0.25% discount for Direct Deposit and Electronic Loan Payment when the payment is taken from a Central One account. Central One pays closing costs for properties within Worcester County, except appraisal and title search (if required). Appraisal required if LTV of the new loan is greater than 70% of Tax Assessment Value or 80% based on an appraisal. Credit score of 660+ required. Other loan to value options available for credit scores below 660. If you live outside of Worcester County, additional Appraisal Fees and Title Search Fees may apply. Actual rate will be determined based on credit history, term, loan to value and other factors. Property and flood insurance may be required. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information.

Deeds: Deeds with life estates are not eligible for financing. Foreclosure deeds may incur additional costs.

Credit Cards

Rates effective as of 3/16/2020

Credit Card Disclosure: Rate and approval subject to creditworthiness. APRs are variable, adjust with Prime, and are capped at 17.5%. See application for full details. 

Cash Rewards Additional Disclosure: Earn cash rewards of 1% on all new net purchases (qualifying purchases less credits, returns, and adjustments) charged to the card each billing cycle. Balance Transfers, Cash Advances, including purchases of money orders or other cash equivalents, purchases made by or for a business purpose, fees, interest charges, unauthorized/fraudulent transactions and certain other charges do not earn cash rewards. Cash rewards cannot be redeemed if your account is not in good standing and will be forfeited upon account closure. Cash rewards shall be automatically paid quarterly on or around the credit card cycle date in February, May, August and November according to the account hierarchy checking, savings or credit card principal balance. Cash rewards may be requested off-cycle on an exception-only basis, but the rewards balance must be $25 or greater and a $10 redemption fee will be imposed. Cash rewards may not be combined with other discount or reward programs, unless specifically authorized by Central One Federal Credit Union. Other significant terms apply. Program subject to change and may be canceled at any time without notice. For more information, visit www.centralfcu.com or call 1-800-527-1017.

***Additional Disclosure for the Future Focus Credit Card: Introductory APR applies for two years for Visa Future Focus, based on creditworthiness. This APR will vary with the market based on the Prime Rate. We will assess whether you still qualify for the program after two years and after four years; and if so, the program rates will continue for two additional years. After six years, or if you no longer qualify under the program, your APR will change to the applicable existing rate under the Visa Diamond Plus Cash program (see Visa Diamond Plus Cash APR above).

Vehicle Loans

Rates effective as of 3/11/2020.

New and Used Auto Loan Disclosure:  Copy of purchase and sale agreement required. Rate may be adjusted for vehicle age or high mileage vehicles. Qualified borrowers with A+ or A credit may borrow up to 120% of the NADA retail value.  Stated rate assumes LTV under 75% and includes a 0.25% discount for Direct Deposit and Electronic Loan Payment. Actual rate will be determined based on credit history, term, loan to value, and other factors. Call a lending specialist at 800-527-1017 for more information.

Auto Refinance Disclosure:  Stated rate assumes LTV under 75%. Stated rate includes a 0.25% discount for Direct Deposit and Electronic Loan Payment. Actual rate will be determined based on credit history, term, loan to value, and other factors. Call a lending specialist at 800-527-1017 for more information.

MAP Disclosure: Any vehicle with MSRP over $75,000.00 and a residual value of $20,000.00 or more will have a surcharge added to the loan. Call a lending specialist at 800-527-1017 for more information.

Motorcycle Disclosure: Copy of purchase and sale agreement required. Rate may be adjusted for vehicle age or high mileage vehicles. Qualified borrowers with A+ or A credit may borrow up to 100% of the NADA retail value on motorcycle loans. Stated rate assumes LTV under 65% includes a 0.25% discount for Direct Deposit and Electronic Loan Payment. Actual rate will be determined based on credit history, term, loan to value and other factors. Call a lending specialist at 800-527-1017 for more information. 

RV and Boat Disclosure: Copy of purchase and sale agreement required. Rate may be adjusted for vehicle age or high mileage vehicles. Qualified borrowers with A+ or A credit may borrow up to 100% of the NADA retail value on Boat/RV loans. Stated rate assumes LTV under 65% includes a 0.25% discount for Direct Deposit and Electronic Loan Payment. Actual rate will be determined based on credit history, term, loan to value and other factors. Call a lending specialist at 800-527-1017 for more information. 

Personal Loans

Student Loans