Rates and Calculators

At Energy Credit Union, every member gains with our great rates. We are committed to offering the highest possible interest on savings, checking and investment products and competitive rates on loans and mortgages.

Mortgages & Real Estate Loans
Consumer Loans & Vehicle Loans
Savings & Checking
Certificates of Deposit (CDs)
Individual Retirement Accounts (IRAs)

Mortgages & Real Estate Loans

Rates are effective as of July 17, 2008. Rates are subject to change without notice.

Loan Type

Term

APR*

Maximum Amount

First Mortgage Up to 30 years Please call us at (781) 890-2222. Up to 80% of appraised value, minus outstanding liens

Second Mortgage Up to 15 years 10% Up to 80% of appraised value, minus outstanding liens

Home Improvement Loan Up to 20 years+ 8% Up to $80,000

Home Equity Loan Up to 10 years++ 6.50% Up to $80,000

Home Equity Line of Credit Up to 20 years Prime minus 1%, adjustable monthly** $80,000

*APR = Annual Percentage Rate. ** The prime rate is the Wall Street Journal prime rate as of the last business day of the month.
+ Sample payment information for home improvement loan: The cost of $1,000 borrowed for 20 years at 8% is $8.36 per month. ++Sample payment information for home equity loan: The cost of $1,000 borrowed for 10 years at 6.50% is $11.35 per month.

Consumer Loans & Vehicle Loans

Rates are effective as of May 1, 2008. Rates are subject to change without notice.

Loan Type
Term

APR*

Payment Per $1,000**

Personal Up to 48 months 11.95% $26.31

Holiday 12 months 7.50% $86.76

Vacation 12 months 7.50% $86.76

Computer Up to 24 months 9.00% $45.68

New Auto Up to 24 months 2.75% $42.87

New Auto 25 to 60 months 4.50% $18.64

Used Auto, up to 5 model years old Up to 36 months 4.50% $29.75

Used Auto, up to 5 model years old 37 to 60 months 6.00% $19.33

New Motorcycle Up to 60 months 5.95% $19.31

Used Motorcycle Up to 60 months 9.95% $21.22

New Boat or RV Up to 60 months 5.95% $19.31

New Boat or RV 61 to 120 months 9.95% $13.19

Used Boat or RV Up to 60 months 9.95% $21.22

* APR is Annual Percentage rate. **Repayment amounts will vary depending on the term. This example is estimated for the maximum term.

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Savings & Checking

Rates are effective as of May 1, 2008. Rates are subject to change without notice.

Savings and Checking

Dividend/Interest Rate

APY*

Share Savings -- $10 to $9,999.99 0.75% 0.75%

Share Savings -- $10,000 to $19,999.99 0.75% 0.75%

Share Savings -- $20,000 to $29,999.99 0.75% 0.75%

Share Savings -- $30,000 and above 0.75% 0.75%

N.O.W. Checking 0.10% 0.10%

Vacation Club 0.75% 0.75%

Holiday Club 0.75% 0.75%

*APY = Annual Percentage Yield.

As in the case of all credit union accounts, the amount on deposit is fully insured up to the legal limitations. The first $100,000 is insured by the National Credit Union Share Insurance Fund (NCUSIF). In addition, IRA deposits are insured separately under NCUSIF up to $250,000. NCUSIF is administered by the National Credit Union Administration (NCUA), an agency of the federal government. In addition to being federally insured, any amount on deposit exceeding $100,000 is insured in full up to the legal limitations by the Massachusetts Share Insurance Corporation (MSIC).

Please see our Truth in Savings disclosure statement for more information about deposit accounts.

Go to Loan Application Back to Top Go to Loan Calculators

Certificates of Deposit (CDs)

Rates are effective as of October 22, 2008. Rates are subject to change without notice.

Account Type
Minimum to Open

Dividend Rate

Annual Percentage Yield*

6 months $1,000 2.76% 2.80%

12 months $1,000 4.00% 4.07%

18 months $1,000 3.06% 3.10%

24 months $1,000 3.20% 3.25%

36 months $1,000 3.45% 3.50%

60 months $1,000 3.93% 4.00%

*Annual Percentage Yield (APY) assumes principal and interest remain on deposit for one year and the rate to be the same at each renewal period. Interest is compounded and paid monthly. There is a substantial penalty for early withdrawals on Certificates.

As in the case of all credit union accounts, the amount on deposit is fully insured up to the legal limitations. The first $100,000 is insured by the National Credit Union Share Insurance Fund (NCUSIF). In addition, IRA deposits are insured separately under NCUSIF up to $250,000. NCUSIF is administered by the National Credit Union Administration (NCUA), an agency of the federal government. In addition to being federally insured, any amount on deposit exceeding $100,000 is insured in full up to the legal limitations by the Massachusetts Share Insurance Corporation (MSIC).

Please see our Truth in Savings disclosure statement for more information about deposit accounts.

Individual Retirement Accounts (IRAs)

Rates are effective as of July 17, 2008. Rates are subject to change without notice.

IRAs
Dividend/ Interest Rate

Annual Percentage Yield*

IRA Share 0.75% 0.75%

IRA CDs Same as certificate rates above Same as certificate rates above

*Annual Percentage Yield (APY) assumes principal and interest remain on deposit for one year and the rate to be the same at each renewal period. Interest is compounded and paid monthly. There is a substantial penalty for early withdrawals on Certificates.

As in the case of all credit union accounts, the amount on deposit is fully insured up to the legal limitations. The first $100,000 is insured by the National Credit Union Share Insurance Fund (NCUSIF). In addition, IRA deposits are insured separately under NCUSIF up to $250,000. NCUSIF is administered by the National Credit Union Administration (NCUA), an agency of the federal government. In addition to being federally insured, any amount on deposit exceeding $100,000 is insured in full up to the legal limitations by the Massachusetts Share Insurance Corporation (MSIC).

Please see our Truth in Savings disclosure statement for more information about deposit accounts.