Mil-way Rates
| Regular Savings Accounts (effective 09/18/14) Mil-Way FCU Regular Savings Accounts** are available. |
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| Account Type | Dividend Rate | APY* |
| Regular Savings Accounts ($0.00 to $199.99) |
0.00% | 0.00% |
| Regular Savings Accounts ($200.00 to $999.99) |
0.05% | 0.05% |
| Regular Savings Accounts ($1,000.00 & Above) | 0.10% | 0.10% |
| Special Savings Accounts (effective 08/31/18) Mil-Way FCU Special Savings Accounts** are available. |
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| Account Type | Dividend Rate | APY* |
| Special Savings Accounts ($0.00 to $199.99) |
0.00% | 0.00% |
| Special Savings Accounts ($200.00 to $999.99) |
0.05% | 0.05% |
| Special Savings Accounts ($1,000.00 to $ 4,999.99) | 0.10% | 0.10% |
| Special Savings Accounts ($5,000.00 & Above) |
0.35% | 0.35% |
| IRA Accounts (effective 08/31/18) Mil-Way FCU IRA Accounts** are available. |
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| Account Type | Dividend Rate | APY* |
| IRA Accounts ($0.00 to $199.99) |
0.00% | 0.00% |
| IRA Accounts ($200.00 to $999.99) |
0.05% | 0.05% |
| IRA Accounts ($1,000.00 to $ 4,999.99) |
0.10% | 0.10% |
| IRA Accounts ($5,000.00 & Above) |
0.35% | 0.35% |
| The Account will continue to earn interest daily and pay quarterly. Withdrawals are without penalty providing the account is not closed. |
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| Share Draft Rates (effective 09/18/14) Compounded Monthly |
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| Account Type | Dividend Rate | APY* |
| Share Draft ($500.00 & Above) |
0.05% | 0.05% |
| Share/IRA Certificate Rates (effective 1/04/19) $2500 Minimum Deposit Compounded Monthly |
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| Account Type | Dividend Rate | APY* |
| Share/IRA Certificate - 6 Months | 1.342% | 1.35% |
| Share/IRA Certificate - 12 Months | 2.325% | 2.35% |
| Share/IRA Certificate - 18 Months | 2.423% | 2.45% |
| Share/IRA Certificate - 24 Months | 2.570% | 2.60% |
| *APY = Annual Percentages Yield
**Early withdrawal penalties apply to Share/IRA Certificates. Minimum deposit of $2500 required for Share/IRA Certificates.
Any fee could reduce the earnings on the account. |
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| Loan Rates (effective 1/04/19) |
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| Account Type | Term | APR* |
| Personal | Up to 36 Months | 12.05%** |
| Personal | Term-1 Year Renewal | 12.55%** |
| Share Secured | Call for rate | |
| New/Used Vehicles (2012 and older) | Up to 48 Months | 4.39% |
| New/Used Vehicles (2013 - 2016) | Up to 63 Months | 4.09% |
| New/Used Vehicles (2017 or newer) | Up to 75 Months | 3.89% |
| New Vehicles 35k + | Up to 84 Months | 4.39% |
| Recreational (Boats, TT, RV, 4W, SXS, Motorcycle, and Farm Equipment) | Term | Rate |
| New/Used | Up to 63 Months | 3.89% |
| New/Used 15k + | Up to 75 Months | 4.09% |
| New/Used 25k + | Up to 84 Months | 4.39% |
| New/Used 35k + | Up to 120 Months | 5.39% |
Household Goods |
Up to 36 Months | 9.75% |
Credit Card |
NA | 8.75%** |
| * Annual Percentage Rate **Must be a purchase or a refinance from another financial institution. Membership eligibility required, along with approved credit. Interest rate and term will be determined by credit qualifications. Not every member will qualify for the lowest quoted rate as indicated. | ||
| Mortgage Rates | ||
| Account Type | Term | APR* |
| Unimproved Property: Lesser of 80% Appraised Value or Selling Price | Up to 15 Years | 7.00% |
| Mortgage Loan: Lesser of 80% Appraised Value or Selling Price | Up to 15 Years | 5.125% |
| Mortgage Loan: Lesser of 80% Appraised Value or Selling Price | Up to 20 Years | 5.625% |
| Mortgage Loan: Lesser of 80% Appraised Value or Selling Price | Up to 30 Years | 5.875% |
| Home Equity Loan (100%, AR) | Up to 5 Years | 5.125% |
| Home Equity Loan (100%, AR) | Up to 10 Years | 5.625% |
| Annual Percentage rate will be based on your credit qualifications. Certain restrictions apply. Only individuals with a credit score of 650 and above will qualify for the absolute lowest rate. MWFCU will finance up to 100% LTV on Arkansas home equity loans and 80% LTV on the refinance of a first mortgage in Arkansas. For Texas, MWFCU will finance 80% LTV on both mortgage and home equity. Rates as of October 9, 2018. |
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