APY = Annual Percentage Yield. Rates effective as of February 10th, 2020. Fees may reduce earnings.
CD Rates/IRA Rates Learn More
| Term | Minimum Opening Deposit | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| 6 month (N/A IRA) | $2,500.00 | $2,500.00 | .74% | .75% |
| 12 month | $500.00 | $500.00 | 1.18% | 1.20% |
| 15 month SPECIAL! | $500.00 | $500.00 | 1.47% | 1.50% |
| 18 month | $500.00 | $500.00 | 1.18% | 1.20% |
| 24 month | $500.00 | $500.00 | 1.18% | 1.20% |
| 30 month | $500.00 | $500.00 | 1.18% | 1.20% |
| 31 month (One Time Rate Change Option) | $500.00 | $500.00 | 1.18% | 1.20% |
| 36 month | $500.00 | $500.00 | 1.18% | 1.20% |
| 48 month | $500.00 | $500.00 | 1.18% | 1.20% |
| 59 month | $500.00 | $500.00 | 1.71% | 1.75% |
| 60 month (One Time Rate Change Option) | $500.00 | $500.00 | 1.47% | 1.50% |
| 72 month | $500.00 | $500.00 | 1.18% | 1.20% |
A penalty may be imposed for early withdrawal.
Money Market Rates Learn More
| Daily Balance | Minimum Opening Deposit | Interest Rate | Annual Percentage Yield |
|---|---|---|---|
| Up to $2,499.99 | $2,500.00 | 0.00% | 0.00% |
| $2,500.00 - $4,999.99 | $2,500.00 | 0.10% | 0.10% |
| $5,000.00 - $9,999.99 | $2,500.00 | 0.25% | 0.25% |
| $10,000.00 - $39,999.99 | $2,500.00 | 0.25% | 0.25% |
| $40,000.00 - $9,999,999.00 | $2,500.00 | 0.49% | 0.50% |
The interest rate and annual percentage yield may change after account opening.
Fees could reduce the earnings on the account.
Checking Rates
| Account Type | Minimum Opening Deposit | Minimum Balance* | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| 50+ Free Interest Checking With Rewards | $25.00 | $0.00 | 0.10% | 0.10% |
| VIP Free Interest Checking With Rewards | $25.00 | $0.00 | 0.10% | 0.10% |
| High Interest Checking (Balances up to $2,499.99) With Rewards |
$25.00 | $0.00 | 0.10% | 0.10% |
| High Interest Checking (Balances $2,500.00-$25,000) With Rewards |
$25.00 | $2,500.00 | 0.49% | 0.50% |
| High Interest Checking (Balances above $25,001) With Rewards |
$25.00 | $25,001 | 0.10% | 0.10% |
| Free Checking With Rewards | $25.00 | $0.00 | 0.00% | 0.00% |
*Daily balance. The amount of the principal in the account each day.
The interest rate and annual percentage yield may change after account opening.
Fees could reduce the earnings on the account.
Savings Rates
| Account Type | Minimum Opening Deposit | Minimum Balance* | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| Statement Savings | $10.00 | $10.00 | 0.10% | 0.10% |
*Daily balance. The amount of the principal in the account each day.
The interest rate and annual percentage yield may change after account opening.
Fees could reduce the earnings on the account.
Mortgage Rates Learn More
| Program Name | Interest Rate | APR | Payment |
|---|---|---|---|
| 15 YR FRM (15 Yr) | 3.625% | 3.733% | $ 1,081.56 |
| Conventional (30 Yr) | 4.000% | 4.064% | $ 716.12 |
| 5 YR ARM (30 Yr) | 3.800% | 3.794% | $ 698.94 |
| VA Loan (30 Yr) | 3.875% | 4.111% | $ 720.40 |
| Rural Devel (30 Yr) | 4.007% | 4.470% | $ 716.73 |
Payment calculations are based on Sale Amount: $187,500, 20% Down, $150,000 Loan Amount (Term indicated in product name). Rates are subject to change without notice. Payments do not include amounts for taxes and insurance premiums (if applicable) and your actual payment obligation will be greater.
Home Equity Line of Credit (HELOC)
| HELOC | Based on Prime Interest Rate |
**No Closing Cost |
||
|---|---|---|---|---|
| Introductory Rate | 2.75%* | APR*** | ||
| Prime Rate | 4.75% | |||
| Floor Rate | 4.00% | |||
| Maximum Rate | 13.50% | |||
HEMLOC - *2.75% Introductory APR(Annual Percentage Rate) ends one year from closing date.*** APR will change to a variable rate of prime +0 at that time. Prime is 4.75% as of 2/3/2020. Floor rate: 4.00%. Rate cap: 13.50%. You may at any time convert a portion of your line to a fixed rate for a specified period of time up to 10 years. You will need to contact the Association to determine your rate based upon the terms requested. **No closing costs means CFS&L will pay normal closing fees including title search and NYS mortgage tax and filing fees. Abstract of title must be provided by borrower. These fees typically range from $200 to $750 plus NYS mortgage tax equal to 1/2% or 1% of the mortgage. Borrowers are responsible to reimburse CFS&L for such closing costs if loan is paid off and mortgage is discharged within 3 years of closing. All loans are subject to complete qualification of borrowers and subject property. Valid on NEW loans only.
Home Equity Loans
| Fixed Rate | Fixed Term |
| 4.25% |
up to 5 Years |
| 4.50% | up to 10 Years |
| 4.75% | up to 15 Years |
Auto/Truck Loans
| Auto/Trucks | Credit Scores (&Fixed Rates) | |||
|---|---|---|---|---|
| 740 Plus | 700-739 | 699 or Less | Maximum Term | |
| 2020-2019 | 4.50% | 5.95% | 9.45% | 66 Months |
| 2018-2017 | 4.50% | 5.95% | 9.95% | 66 Months |
| 2016-2013 | 4.50% | 5.95% | 12.00% | 48 Months |
| 2012 & Older | See Personal Loan Rates | 48 Months | ||
EXAMPLE: A $2,500.00 secured personal loan financed for 60 months at an interest rate of 12.00% = a monthly payment of $55.61
This information is a hypothetical estimate. This is not a guarantee, agreement, or commitment to loan funds or extend credit. Interest rates and terms are accurate as of today and are subject to change at any time without notice. You must submit an application to have your credit request considered. All loan applications are subject to credit approval.
Motorcycles
| Motorcycles | Credit Scores (& Fixed Rates) |
|
||
|---|---|---|---|---|
| Model Year | 740 Plus | 700-739 | 699 or Less | Maximum Term |
| 2020-2019 | 6.50% | 6.95% | 9.45% | 66 Months |
| 2018-2017 | 6.50% | 6.95% | 9.95% | 66 Months |
| 2016-2013 | 6.50% | 6.95% | 12.00% | 48 Months |
| 2012 & Older | See secured Personal Loan Rates | 48 Months | ||
EXAMPLE: A $10,000.00 secured personal loan financed for 60 months at an interest rate of 6.5000% would equal a payment of $195.66.
This information is a hypothetical estimate. This is not a guarantee, agreement, or commitment to loan funds or extend credit. Interest rates and terms are accurate as of today and are subject to change at any time without notice. You must submit an application to have your credit request considered. All loan applications are subject to credit approval.
Personal Loans/Home Improvement/Snowmobiles/Utility Trailers/Jet Ski
| Personal Loan, Home Improvement, Snowmobile, Lawn Tractor, Jet Ski, Utility Trailer (Over $2,500) | |||||
|---|---|---|---|---|---|
| Category | Credit Scores (& Fixed Rates) | Maximum Term | |||
| 740 Plus | 700-739 | 699-680 | 680/Less | ||
| Secured | 7.25% | 8.75% | 10.75% | 14.25% | 5 Years |
| Unsecured | 8.25% | 9.75% | 12.75% | 17.00% | 5 Years |
| Personal Loan, Home Improvement, Snowmobile, Lawn Tractor, Jet Ski, Utility Trailer ($1,500-$2,499) | |||||
| Secured | 12.00% | 12.00% | 12.00% | 14.25% | 5 Years |
| Unsecured | 17.00% | 17.00$ | 17.00% | 17.00% | 5 Years |
Boats/Trailers/Travel Trailers/Campers/RV's
| Credit Scores & Fixed Rates | ||||
|---|---|---|---|---|
| Category | 740 Plus | 700-739 | 699 or Less | Maximum Term |
| New: $10,000 and over | 5.75% | 7.50% | 9.95% |
10 Years |
| New: Under $10,000 | 5.75% | 7.50% | 8.95% |
5 Years |
| Used: $10,000 and over | 5.75% | 7.50% | 8.95% |
5 Years |
| Used: Under $10,000 | 5.75% | 7.50% | 8.95% |
5 Years |
EXAMPLE: A $10,000.00 secured personal loan financed for 60 months at an interest rate of 7.5000% would equal a payment of $200.38.
This information is a hypothetical estimate. This is not a guarantee, agreement, or commitment to loan funds or extend credit. Interest rates and terms are accurate as of today and are subject to change at any time without notice. You must submit an application to have your credit request considered. All loan applications are subject to credit approval.
