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Term in Months | Annual Percentage Rate (APR) as low as* | Monthly Payment Example per $1,000 Borrowed |
---|---|---|
1-48 | 6.49% | $23.71 based on a 48 month term |
49-63 | 6.99% | $19.01 based on a 63 month term |
64-75 | 7.49% | $16.74 based on a 75 month term |
76-84 | 7.99% | $15.58 based on a 84 month term |
Term in Months | Annual Percentage Rate (APR) as low as* | Monthly Payment Example per $1,000 Borrowed |
---|---|---|
1-48 | 6.74% | $23.83 based on a 48 month term |
49-63 | 7.24% | $19.13 based on a 63 month term |
64-75 | 7.74% | $16.86 based on a 75 month term |
76-84 | 8.24% |
$15.71 based on a 84 month term
|
Term in Months | Annual Percentage Rate (APR) as low as* | Monthly Payment Example per $1,000 Borrowed |
---|---|---|
1-63 | 6.74% | $18.89 based on a 63 month term |
64-120 | 7.44% | $11.84 based on a 120 month term |
121-180 | 7.74% | $9.41 based on a 180 month term |
Term in Months | Annual Percentage Rate (APR) as low as* | Monthly Payment Example per $1,000 Borrowed |
---|---|---|
1-63 | 7.49% | $19.25 based on a 63 month term |
64-75 | 7.99% | $16.98 based on a 75 month term |
76-84 | 9.29% | $16.24 based on a 84 month term |
Loan Type | Annual Percentage Rate (APR) as low as* | Maximum Loan Amount |
---|---|---|
Signature Cash Personal Line of Credit | 11.49%** |
$50,000
|
Signature Cash Personal Loan | 9.49%*** | $50,000 |
Credit Builder Loan | Current Savings Rate at closing plus 3.00%**** | $1,000 |
My Card Visa® | Click here to view the credit card agreement for current rates.* |
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Mortgage Type* | Details |
---|---|
Mortgage Rates | View Mortgage Rates |
First Mortgage | Minimum $10,000. Max $510,400. |
Mortgage Refinances | Minimum $10,000. Max $510,400. |
Second Mortgage Fixed Rate |
Will loan up to 100% of the appraised value based on credit worthiness. Minimum $5,000. Maximum $400,000.
|
ARM Loans | On the anniversary date: Interest rate is set at the weekly average yield on the 12 month T-Bill as reported in the Wall Street Journal plus the appropriate margins for First Mortgages. Caps are 2% per year and 6% over life of the loan. |
Residential/Unimproved Land | We will finance up to 80% of appraised value or purchase price, whichever is less; minimum amount $10,000.00; maximum amount $200,000.00. Call for term information. |
Escrows | Escrows are required on all first mortgage products with a loan value over 80%. |
Home Equity Product | Interest Rates as low as | Annual Percentage Rate (APR) as low as |
---|---|---|
Home Equity Line of Credit (up to 100% Loan-to-Value) | 8.25% | 8.25% |
Account Type | Dividend Rate as of July 25, 2024 | Annual Percentage Yield (APY)* |
---|---|---|
Commonwealth Business Account* | 0.10% | 0.10% |
commonWEALTH
No minimum balance
|
0.10% | 0.10% |
Round UP
No minimum balance
|
see Round UP Savings | see Round UP Savings |
Power Checking
No minimum balance
|
View Tier Comparisons in the chart below | View Tier Comparisons in the chart below |
Power Checking
Tier Comparison
|
Standard APY** | Tier 1 APY** |
Tier 2
APY**
|
Tier 3
APY**
|
---|---|---|---|---|
Average Daily Balance | No Requirements | Requires eStatements | Tier 1 Qualifications Plus 20 Debit Card Transactions | Tier 2 Qualifications Plus an Open Loan |
$0-$9,999.99 | 0.15% | 1.80% | 2.05% | 2.30% |
$10,000-$24,999.99 | 0.30% | 1.95% | 2.20% | 2.45% |
$25,000-$49,999.99 | 0.45% | 2.10% | 2.35% | 2.60% |
$50,000-$99,999.99 | 0.60% | 2.25% | 2.50% | 2.75% |
$100,000+ | 0.85% | 2.50% | 2.75% | 3.00% |
Account Type | Dividend Rate as of July 25, 2024 | Annual Percentage Yield (APY)* |
---|---|---|
Regular/Minor Savings | 0.15% | 0.15% |
Vacation Club/Christmas Savings | 0.15% | 0.15% |
Round UP Savings**Round up savings is only for funds transferred from the Round UP Checking account. No additional deposits allowed. Dividends paid annually and subject to change without notice. | 5.00% | 5.00% |
Traditional/Roth IRA | 0.20% | 0.20% |
Personal Goal Account | 0.499% | 0.50% |
Term | Dividend Rate as of July 25, 2024 | Annual Percentage Yield (APY)* |
---|---|---|
Limited Time Offer:
Richmond Grand Opening Certificate Special***
$500 Minimum
New Money only
|
5.128% | 5.25% |
6 months
$1,000 minimum
|
4.889% | 5.00% |
12 months |
3.050% | 3.10% |
18 months $1,000 minimum |
3.203% | 3.25% |
24 months $1,000 minimum |
3.300% | 3.35% |
36 months $1,000 minimum |
3.300% | 3.35% |
48 months $1,000 minimum |
3.445% | 3.50% |
60 months $1,000 minimum |
3.687% | 3.75% |
Grow with Me**
$250 minimum This account is available only for members under 18 years of age. Accounts may be opened between October 1 and October 31 each year.
|
Check back next October! | Check Back next October! |
6-month Jumbo Certificate§ | 5.128% | 5.25% |
12-month Jumbo Certificate§ | 4.889% | 5.00% |
***Annual Percentage Yield. Minimum opening balance of $500. No maximum deposit amount. New money only, not funds currently on deposit with Commonwealth Credit Union. Dividend rates are subject to change without notice. Dividends are paid and compounded monthly. Annual Percentage yield assuming dividends are reinvested. APY is accurate as of 4/11/2024. APY is for a 9-month certificate. Substantial penalties apply for early withdrawal. Fees may reduce earnings on the account. If not withdrawn at maturity, certificate will renew to a standard 6-month certificate at the standard rate. Limited Time Offer.
*Annual Percentage Yield. Dividend Rates are subject to change without notice. Dividends are paid and compounded Monthly. Substantial Penalties apply for early withdrawal. Annual Percentage Yield assuming dividends are reinvested.
**Each member may only have one account. The maximum initial deposit is $1000. After the account is opened, additional deposits are permitted between October 1 and October 31 each year. No more than $1000 may be deposited to the account for each year that the account has been open. Early withdrawal penalties may apply. Fees may reduce earning on the account. §Annual Percentage Yield. $75,000 minimum balance. Rate accurate as of 7/1/24 and subject to change. Monthly compounded dividends. Penalties for early withdrawal; fees may reduce earnings. Auto-renews to a Jumbo Certificate with same term at standard Jumbo rates. Limited time offer.
Average Daily Balance | Dividend Rate | Annual Percentage Yield (APY)* |
---|---|---|
$100,000 and up | 2.472% | 2.50% |
$50,000 to $99,999.99 | 2.227% | 2.25% |
$25,000 to $49,999.99 | 2.080% | 2.10% |
$10,000 to $24,999.99 | 1.933% | 1.95% |
$2,500 to $9,999.99 | 1.785% | 1.80% |
Wealth Development Certificate
- Required monthly contribution transfer from account once per month
- One withdrawal allowed within a 90-day period**
Term | Min to Open | Monthly Min/Max | Annual Percentage Yield (APY)* |
---|---|---|---|
24 months | $5.00 | $20/$400 | 5.00%, paid annually |
48 months | $5.00 | $20/$200 | 5.00%, paid annually |
**A subsequent withdrawal in the same 90-day period will be subject to an early withdrawal penalty and the certificate will be closed.