RATES
Greenwood Credit Union Rates
Effective Date October 7, 2024
Certificate of Deposits and Individual Retirement Accounts
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| Certificates of Deposit | Rate | APY* | Minimum to Open | Open Online |
|---|---|---|---|---|
| 3 Month | 0.50% | 0.50% | $1,000.00 | Open Account |
| 6 Month | 4.40% | 4.50% | $1,000.00 | Open Account |
| 9 Month | 4.16% | 4.25% | $1,000.00 | Open Account |
| 1 Year | 3.92% | 4.00% | $1,000.00 | Open Account |
| 18 Month | 3.44% | 3.50% | $1,000.00 | Open Account |
| 2 Year | 3.44% | 3.50% | $1,000.00 | Open Account |
| 3 Year | 3.44% | 3.50% | $1,000.00 | Open Account |
| 4 Year | 3.44% | 3.50% | $1,000.00 | Open Account |
| 5 Year | 3.44% | 3.50% | $1,000.00 | Open Account |
* A penalty may be imposed for early withdrawal.
Deposit Accounts
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| Account | Minimum to Earn APY | APY* | Minimum to Open | Open Online |
|---|---|---|---|---|
Share 1 Savings | $25.00 | 0.35% | $5.00 | Open Account |
| Deposit Savings | $1.00 | 0.35% | $5.00 | Open Account |
Premier Money Market | $0.00-$49,999.99 $50,000.00-and Greater | 0.35% 3.75% | $50,000.00 | Open Account |
| Money Market Savings | $0.00 - $2,499.99 $2,500.00 - $49,999.99 $50,000.00-$149,999.99 $150,000.00-$249,999.99 $250,000.00 or Greater | 0.00% 0.65% 0.75% 0.85% 1.25% | $2,500.00 | Open Account |
Vacation Club | $1.00 | 0.25% | $5.00 | Open Account |
| Holiday Club | $1.00 | 0.25% | $5.00 | Open Account |
| Greenwood Checking | N/A | N/A | $5.00 | Open Account |
| Greenwood Interest Checking | $1,000.00 | 0.25% | $1,000.00 | Open Account |
| Day to Day IRA Savings | $100.00 | 0.35% | $100.00 | 401-739-4600 |
Business Deposit Accounts
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| TYPE | MINIMUM BALANCE TO EARN APY | APY* | MINIMUM TO OPEN | OPEN ONLINE |
|---|---|---|---|---|
| Business Share Savings | $100.00 | 0.35% | $5.00 | 401-739-4600 |
| Business Money Market | $0.00 - $2,499.99 $2,500.00 - $24,999.99 $25,000.00-$99,999.99 $100,000.00-$249,999.99 $250,000.00 or Greater | 0.00% 0.65% 0.75% 0.85% 1.50% | $2,500.00 | 401-739-4600 |
| Small Business Checking | N/A | 0.00% | $25.00 | 401-739-4600 |
| Business Relationship Checking | $100.00 | 0.25% | $100.00 | 401-739-4600 |
Personal Loan Rates
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| Loan Type | Term | APR** | Loan Amount | Apply Online |
|---|---|---|---|---|
| Personal Loan | Up to 12 Months | 13.75% - 20.00% depending on credit score | Up to $10,000.00 | Apply Now |
| 13 - 24 Months | 14.25% - 20.85% depending on credit score | Up to $10,000.00 | Apply Now | |
| 25 - 36 Months | 14.75% - 20.85% depending on credit score | Up to $10,000.00 | Apply Now | |
| 37 - 48 Months | 15.75% - 20.85% depending on credit score | Up to $10,000.00 | Apply Now |
Repayment Examples
For personal loan payments: At 13.75% APR, 12 monthly payments of $89.67 per $1,000 borrowed
For personal loan payments: At 14.25% APR, 24 monthly payments of $48.37 per $1,000 borrowed
For personal loan payments: At 14.75% APR, 36 monthly payments of $34.54 per $1,000 borrowed
For personal loan payments: At 15.75% APR, 48 monthly payments of $28.21 per $1,000 borrowed
Home Heating Loan Rates
Providing assistance to members paying for home heating fuel by allowing them to spread their payments out over a longer period of time.
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| Loan Type | Loan Term | APR** | Amount |
|---|---|---|---|
| Home Heating Loan | Up to 9 Months | 9.50% | Up to $2,500.00 |
* Monthly Auto debit from a Greenwood Credit Union deposit account will receive a 0.25% discount
Repayment Examples
For personal loan payments: At 9.50% APR, 9 monthly payments of $115.56 per $1,000 borrowed
Personal Bridge Loan Rates
If you have an unexpected expense and you’re short on funds, you don’t have to wait until payday. Get the cash you need now while building credit at the same time.
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| Loan Type | Loan Term | APR** | Loan Amount |
|---|---|---|---|
| Personal Bridge Loan | Up to 3 Months Up to 6 Months Up to 12 Months | 16.00% 18.00% 20.00% | Up to $1,020.00** Up to $1,020.00** Up to $1,020.00 ** |
*Monthly Auto debit from a Greenwood Credit Union deposit account will receive a 0.25% discount or Weekly Auto debit from a Greenwood Credit Union deposit account will receive a 0.50% discount
**Includes $20.00 application fee
Repayment Examples
For personal loan payments: At 16.00% APR, 3 monthly payments of $349.11 per $1,020 borrowedFor personal loan payments: At 18.00% APR, 6 monthly payments of $179.04 per $1,020 borrowedFor personal loan payments: At 20.00% APR, 12 monthly payments of $94.49 per $1,020 borrowed
Auto Loans
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Advertised rate includes 0.25% reduction for auto pay from Greenwood Credit Union checking account and is the lowest available. Interest rate will be determined by individual creditworthiness.
Repayment Examples
For auto loan payments 2022-2024: At 6.34% APR, 63 monthly payments of $18.70 per $1,000 borrowed
For auto loan payments 2022-2024: At 6.85% APR, 75 monthly payments of $16.43 per $1,000 borrowed
For auto loan payments 2018-2021: At 6.80% APR, 63 monthly payments of $18.92 per $1,000 borrowed
For auto loan payments 2018-2021: At 7.29% APR, 75 monthly payments of $16.64 per $1,000 borrowed
For auto loan payments 2014-2017: At 7.84% APR, 60 monthly payments of $20.20 per $1,000 borrowed
Motorcycle Loans
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| Type | Term | APR** | Minimum Loan | Apply Online |
|---|---|---|---|---|
| 2022-2024 | 36 Months 60 Months 72 Months | 7.89% 8.39% 8.89% | $1,000.00 | Apply Now |
| 2020-2021 | 36 Months 60 Months 72 Months | 8.39% 8.89% 9.39% | $1,000.00 | Apply Now |
| 2018-2019 | 36 Months 60 Months | 8.89% 9.39% | $1,000.00 | Apply Now |
| 2016-2017 | 36 Months 60 Months | 9.89% 10.89% | $1,000.00 | Apply Now |
| 2014-2015 | 36 Months 48 Months | 10.89% 11.89% | $1,000.00 | Apply Now |
Repayment Examples
For motorcycle loan payments 2022-2024: At 7.39% APR, 36 monthly payments of $31.06 per $1,000 borrowed
For motorcycle loan payments 2022-2024: At 7.89% APR, 60 monthly payments of $20.22 per $1,000 borrowed
For motorcycle loan payments 2022-2024: At 8.39% APR, 72 monthly payments of $17.72 per $1,000 borrowed
Home Equity Loans
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Repayment Examples
For home equity loan payments: At 6.99% APR, 60 monthly payments of $19.80 per $1,000 borrowed
For home equity loan payments: At 7.24% APR, 120 monthly payments of $11.73 per $1,000 borrowed
For home equity loan payments: At 7.49% APR, 180 monthly payments of $9.26 per $1,000 borrowed
For home equity loan payments: At 7.74% APR, 240 monthly payments of $8.20 per $1,000 borrowed
Home Equity Line of Credit
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| Term | APR** | Minimum Loan | Apply Online |
|---|---|---|---|
| 120 Months | 7.50% (Prime minus .50% if qualifications met) ++ | $10,000.00 | Apply Now |
Repayment Example
For home equity line of credit payments (interest only): At 7.50% APR, $6.25 per $1,000 borrowed per billing cycle.
First Lien No-Fee Mortgage Loan
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Repayment Examples
For 1st lien loan payments: At 6.25% APR, 60 monthly payments of $19.45 per $1,000 borrowed
For 1st lien loan payments: At 6.50% APR, 120 monthly payments of $11.35 per $1,000 borrowed
For 1st lien loan payments: At 6.75% APR, 180 monthly payments of $8.85 per $1,000 borrowed
Mortgage Loans
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| Type | Term | APR** | Loan Amount | Apply Online |
|---|---|---|---|---|
| Residential Mortgages | Please contact us for current rates at 401-562-2729 | Apply Now | ||
| Commercial Mortgages | Please contact us for current rates at 401-562-2731 | Please Call |
Miscellaneous Loans
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| Type | Term | APR** | Loan Amount | Apply Online |
|---|---|---|---|---|
| Overdraft Loan | N/A | 15.25% | Up to $10,000.00 | 401-739-4600 |
| CD Secured | Up to 60 Months | 3.00% Above CD Rate | 100% of loan amount held against account | 401-739-4600 |
| Share Secured | Up to 60 Months | 5.00% | 100% of loan amount held against account | 401-739-4600 |
Repayment Example
For savings secured loan payments: At 5.00% APR, 12 monthly payments of $85.61 per $1,000 borrowed
Credit Card
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| Card Type | Rate* | Apply Online |
|---|---|---|
| VISA Premier | 13.49% - 21.00% | Apply Now |