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Loans | Savings | Certificates
*APR = Annual Percentage Rate
All rates are subject to change.
All rates quoted are listed in percent.
Example: $1,000.00 borrowed for 12 Month's with an APR of 6.00%, you would have monthly payments of $86.07. Please use the loan calculators to assist you.
The terms listed are the maximum term available for qualified borrowers.
**Interest rates are subject to the type of loan, borrowers credit history, account relationship, and automatic payments. Rates disclosed are the lowest rates available at SouthPoint Federal. Other conditions may apply.
+Untitled Recreational Vehicles 1.00% higher.
++Home Equity Line of Credit rate is disclosed at the lowest possible rate. Rates are based on loan-to-value and borrowers credit history. Ask a loan representative for details.
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Rate Information:
Please contact a Member Service Representative for a Rate/Fee Schedule for information regarding the prospective dividend rates along with the annual percentage yield on your share savings account, share draft checking account and Holiday Club account. The dividends/interest rates and annual percentage yields are subject to change every quarter as determined by the credit union Board of Directors.
Money Market Savings Accounts:
Please contact a Member Service Representative for a Rate/Fee Schedule for information regarding the prospective rates and fees for this account. The dividends rates and annual percentage yields are subject to change every month as determined by the credit union Board of Directors.
Compounding and Crediting:
The compounding and crediting of dividends/interest and the dividend/ interest periods applicable to each account is set forth in the Rate Schedule. The Dividend/Interest Period is the period of time at the end of which an account earns dividends/interest credit. The Dividend/Interest Period begins on the first calendar day of the period and ends on the last calendar day of the period.
Accrual of Dividends/Interest:
Dividends/interest will begin to accrue on the business day you make the deposit to your account. If you close your account before accrued dividend or interest is credited, accrued dividend or interest will not be paid.
Balance Information:
The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Share Savings accounts, Money Market Checking and Holiday Club accounts, there is a minimum daily balance to obtain the Annual Percentage Yield. For all accounts using the Daily Balance Method, dividends or interest is calculated by applying a daily periodic rate to the principal amount in the account each day.
Account Limitations:
For Share Savings, no more than six (6) pre-authorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) if these six (6) transfers may be made by check, draft or debit card to a third party.
Par Value of a Share:
For Share Savings Accounts, the par value of a share in the credit union is $10.00.
National Credit Union Administration:
This credit union is federally insured by the National Credit Union Administration. For more details see a member service representative.
Transaction Day:
Any account activity during normal business hours will be posted for that business day.
*APY = Annual Percentage Yield
Dividends on Money Market Checking Accounts is calculated on daily balance of the account. |
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Rates effective as of April 1, 2008
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Rates effective as of April 1, 2008
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Rates effective as of July 2, 2008
Certificate rates remain fixed for the term of the certificate.
A penalty may be imposed for withdrawals before maturity on certificates of deposit.
.Ask how you can earn .50% more on your Certificate at SouthPoint. 877-794-6712, call today!
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