At Northern Credit Union, you’ll get the banking and service you want— all at the best rates possible. Check out our unbeatable rates as of 8/7/18 and apply now!
At Northern Credit Union, you’ll get the banking and service you want— all at the best rates possible. Check out our unbeatable rates as of 8/7/18 and apply now!
| Balance* | APY | Dividend Rate |
|---|---|---|
| $0 to $35,000.00 | 2.26% | 2.24% |
| $35,000.01 to $50,000.00 | 1.26% – 2.26% | 0.25% |
| $50,000.01+ | 0.10% – 1.26% | 0.10% |
Minimum to open account is $1. Rates may change after the account is opened. Fees may reduce earnings. No minimum balance to earn rewards. Qualifying transactions must post and clear to the account during the monthly qualification cycle which is 1 day prior to the last day of the month. Transactions may take one or more banking days from the date the transaction was made to post to an account. Intra-bank transfers do not count as qualifying transactions. Fees incurred may reduce earnings on account.
*APY = annual percentage yield. Rate tiers are as follows: 2.26% APY applies to balances of $.01 – $35,000. 0.25% APY applies to balances between $35,000.01 – $49,999.99, yielding an APY of 1.26%-2.26%, if qualifications are met during the monthly qualification cycle. 0.10% APY applies to balances over $50,000, yielding an APY of 0.10%-1.26% if monthly qualifications are met.
NOTE: Our checking account qualifications and rewards will change soon. Please review this chart to see the revised qualifications and rewards.
| Balance* | APY | Dividend Rate |
|---|---|---|
| $0.00 to $15,000.00 (Min. to earn APY $2,000) | 1.01% | 1.01% |
| $15,000.01+ | 0.10% – 1.01% | 0.10% |
Minimum to open account is $1. Rates may change after the account is opened. Fees may reduce earnings. No minimum balance to earn ATM fee refunds. Minimum balance of $2,000 required to earn dividends. Qualifying transactions must post and clear to the account during the monthly qualification cycle which is 1 day prior to the last day of the month. Transactions may take one or more banking days from the date the transaction was made to post to an account. Intra-bank transfers do not count as qualifying transactions. Fees incurred may reduce earnings on account.
*Average Daily balance must be at least $2,000 to earn dividends but will be compounded on full principal balance on deposit. Rate tiers are as follows: 1.01% APY applies to balances of $0 – $15,000 if qualifications are met during the monthly qualification cycle. 0.10% APY -1.01% APY applies to balances over $15,000 if qualifications are met during the monthly qualification cycle.
NOTE: Our checking account qualifications and rewards will change soon. Please review this chart to see the revised qualifications and rewards.
| Amount | APY* | Percentage of New Money** |
|---|---|---|
| $5,000+ | 2.75% | 100% |
| $5,000+ | 2.50% | 50% - 99.99% |
| $5,000+ | 2.25% | 25% - 49.99% |
*APY=Annual Percentage Yield. Rates as high as 2.75% Annual Percentage Yield for a 12-month CD. After 12 months, the rate goes to the existing CD rate. $5,000 minimum balance required to open a certificate of deposit. To be eligible for CD, member must also have a Premium Choice, Choice Rewards or Business Checking account. Maximum CD balance is $250,000. **CD rate will vary based on CD funds being new money to the credit union in the last 60 days. If CD is funded with 100% new money, CD will earn 2.75% APY. If 50%-99.99% of funds are new to the credit union, then CD will earn 2.50% APY. If CD is funded with 25%-49.99% new money, then CD will earn 2.25% APY. Penalty will be applied for early withdrawal. Minimum $5 deposit required to open and hold membership with NCU. Membership is open to any person who resides, works (regularly conducts business), worships or attends school in Jefferson, Lewis, St. Lawrence, Oswego, Clinton, Franklin, Onondaga and Madison Counties in New York; any person who is employed by or a pensioner of any Select Employee Group in such counties; and any family members of such persons. Incentives are non-transferable. Offer can be revoked at any time. Fees incurred may reduce earnings on account.
| Balance* | APY |
|---|---|
| $50 to $4,999.99 | 0.10% |
| $5,000 to $24,999.99 | 0.15% |
| $25,000 + | 0.20% |
APY = Annual Percentage Yield. See Credit Union for account details.
| Account Balance | APY |
|---|---|
| $50 to $4,999.99 | 0.10% |
| $5,000 to $24,999.99 | 0.15% |
| $25,000 + | 0.20% |
APY=Annual Percentage Yield. See Credit Union for account details.
| Account Balance | APY* | Dividend Rate |
|---|---|---|
| $0 to $499.99 | 0.00% - 0.10% | 0.10% |
| $500 to $2,499.99 | 0.10% - 0.22% | 0.25% |
| $2,500 to $4,999.99 | 0.22% - 0.29% | 0.35% |
| $5,000 to $9,999.99 | 0.29% - 0.39% | 0.50% |
| $10,000 and over | 0.05% - 0.39% | 0.05% |
*APY=Annual Percentage Yield. See Credit Union for account details.
*You may make one (1) withdrawal(s) or transfer(s) from your account each monthly statement cycle. If your transactions bring the balance below $500.00, there will be a $5.00 monthly fee. Easy Savings accounts require an electronic transfer minimum monthly deposit of $25.00. Failure to meet any of these requirements will result in account closure.
| Account Balance | APY |
|---|---|
| $0 to $24,999.99 | 0.10% |
| $25,000 - $49,999.99 | 0.25% |
| $50,000 and over | 0.30% |
APY=Annual Percentage Yield. See Credit Union for account details.
*Initial High Yield deposits must be made from funds not on deposit at Northern Credit Union in the 30 days before opening the account. Available only to members with a Premium Choice Checking account. Failure to meet any of these requirements will result in account closure.
| Amount | APY |
|---|---|
| $0 - $9,999.99 | 0.10% |
| $10,000+ | 0.25% |
APY=Annual Percentage Yield. See Credit Union for account details.
| Amount | APY | Dividend Rate |
|---|---|---|
| $0 - $500.00 | 5.00% | 4.89% |
| $500.01 and over | 0.10%-5.0% | 0.10% |
APY=Annual Percentage Yield. See Credit Union for account details. Limit one NEXT eSavings account per social security number. Failure to meet any of these requirements will result in account closure.
| Account Balance | APY |
|---|---|
| $50 to $4,999.99 | 0.10% |
| $5,000 to $24,999.99 | 0.15% |
| $25,000 + | 0.20% |
APY=Annual Percentage Yield. See Credit Union for account details.
*Based on availability, reservation required.
Members can fund savings accounts for their child(ren) and limit access until their child(ren) reach the age of 18. The account owner is the child, but only one parent or guardian can be listed as the custodian and controls the account until the child is no longer a minor. After the child becomes an adult, the custodian will need to close the account and the funds will be given to the child to open a general membership savings or checking account.
| Loan Amount | Term | LTV | Fixed Rate APR* (As Low As) |
|---|---|---|---|
| $15,000+ | 5 years | up to 80% | 3.25% |
| $15,000+ | 5 years | up to 90% | 4.75% |
| $15,000+ | 10 years | up to 80% | 3.50% |
| $15,000+ | 10 years | up to 90% | 5.00% |
| $15,000+ | 15 years | up to 80% | 4.00% |
| $15,000+ | 15 years | up to 90% | 4.72% |
*Annual Percentage Rate. No Closing Cost offer dictates the following being paid by NCU: appraisal; title search; recording fees; filing fees; and flood certification. Borrowers are responsible for paying NYS mortgage tax. Closing costs must be reimbursed to the credit union if the home equity loan is closed within 3 years. Rate quoted is for 5 years at 80% LTV in noted lien positions. Alternate rates available for LTVs of up to 90% of home’s value. Rates are determined by term, overall credit history, LTV, and type of property. Conventional stick built residences and seasonal residences only. Ask about our Loan Life and Disability Protection and Homeowners Insurance.
| Loan Amount | Term | LTV | Fixed Rate APR* (As Low As) |
|---|---|---|---|
| $15,000+ | 5 years | up to 80% | 3.75% |
| $15,000+ | 5 years | up to 90% | 5.50% |
| $15,000+ | 10 years | up to 80% | 4.25% |
| $15,000+ | 10 years | up to 90% | 5.75% |
| $15,000+ | 15 years | up to 80% | 4.75% |
| $15,000+ | 15 years | up to 90% | 6.25% |
*Annual Percentage Rate. No Closing Cost offer dictates the following being paid by NCU: appraisal; title search; recording fees; filing fees; and flood certification. Borrowers are responsible for paying NYS mortgage tax. Closing costs must be reimbursed to the credit union if the home equity loan is closed within 3 years. Rate quoted is for 5 years at 80% LTV in noted lien positions. Alternate rates available for LTVs of up to 90% of home’s value. Rates are determined by term, overall credit history, LTV, and type of property. Conventional stick built residences and seasonal residences only. Ask about our Loan Life and Disability Protection and Homeowners Insurance.
| Credit Line | LTV | Variable Rate APR* (As Low As) |
|---|---|---|
| $7,500 - $100,000 | up to 80% | 2.75% APR for 12 months |
| 5.00% APR thereafter (prime - .25%) | ||
| $7,500 - $100,000 | up to 90% | 5.75% (prime + .50%) |
| $7,500 - $100,000 | up to 100% | 6.50% (prime + 1.25%) |
Annual Percentage Rate. No Closing Costs as long as line remains open for 36 months. Rate is adjustable and subject to change monthly. Rate based on Wall Street Journal Prime Rate plus or minus a margin. Margin based on the amount of the Credit Line, the borrower’s credit history, and the Loan to Value ratio. 2.75% APR is fixed for the first year, then adjusting to a variable Prime Interest Rate – .25% thereafter on borrowed amounts of $7,500.00 (minimum loan amount) to $100,000.00 (maximum loan amount). Rate quoted is for up to 80% LTV, 90% LTV and 100% LTV. Rates determined by term, overall credit history, LTV, and type of property. Wall Street Journal Prime Rate currently is 5.25%. Last change date was 8/16/19. Cap of 2% per change, 6% per Year, Maximum Rate of 16%, Rate Floor of 3.00%. 5 Year Draw period and repayment period of up to 240 months (depending on balance due at the end of draw and product selected). 1-4 family, owner occupied residences and seasonal residences. Minimum monthly payment during draw is 1% of outstanding balance or $100, whichever is greater. Ask about our Loan Life and Disability Protection and Homeowners Insurance.
| Credit Line | LTV | Variable Rate APR* (As Low As) |
|---|---|---|
| $7,500 - $100,000 | up to 80% | 2.75% APR for 12 months |
| 5.00% APR thereafter (prime - .25%) | ||
| $7,500 - $100,000 | up to 90% | 6.75% (prime + 1.50%) |
| $7,500 - $100,000 | up to 100% | 7.50% (prime + 2.25%) |
Annual Percentage Rate. No Closing Costs as long as line remains open for 36 months. Rate is adjustable and subject to change monthly. Rate based on Wall Street Journal Prime Rate plus or minus a margin. Margin based on the amount of the Credit Line, the borrower’s credit history, and the Loan to Value ratio. 2.725% APR is fixed for the first year, then adjusting to a variable Prime Interest Rate – .25% thereafter on borrowed amounts of $7,500.00 (minimum loan amount) to $100,000.00 (maximum loan amount). Rate quoted is for up to 80% LTV, 90% LTV and 100% LTV. Rates determined by term, overall credit history, LTV, and type of property. Wall Street Journal Prime Rate currently is 5.25%. Last change date was 8/16/19. Cap of 2% per change, 6% per Year, Maximum Rate of 16%, Rate Floor of 3.00%. 5 Year Draw period and repayment period of up to 240 months (depending on balance due at the end of draw and product selected). 1-4 family, owner occupied residences and seasonal residences. Minimum monthly payment during draw is 1% of outstanding balance or $100, whichever is greater. Ask about our Loan Life and Disability Protection and Homeowners Insurance.
| Rates as low as | Term |
|---|---|
| 8.99% Fixed APR** | Up to 60 months |
*APR = Annual percentage rate. Includes a ¼ percentage point discount for payment through automatic transfer from a Northern checking account. The monthly payment for a $12,500 NEXT auto loan at 8.99% APR would be $311.02. Rate quoted is with a cosigner. Rate without a cosigner is as low as 12.99% APR. Ask about our Loan Life and Disability protection, GAP coverage and Auto Insurance.
**Includes sales tax, license and warranty.
*** Payments are considered “on time” when they are made within 30 days of the loan’s due date. If there are any late payments made on the loan then eligibility for this payment incentive program will be void.
| Term | APR |
|---|---|
| Revolving | 14.5% |
The monthly payment is $25 or 3% of the balance is greater. When the line is used as a loan advance there is minimum $50 transfer to checking required. The annual percentage rate is the advertised rate and can vary based on creditworthiness and terms of the loan. Ask about our Loan Life and Disability Coverage.
| Term | APR |
|---|---|
| Revolving | 14.5% |
The monthly payment is $25 or 3% of the balance, whichever is greater. When the line is used as a loan advance there is a minimum $50 transfer to checking required. The Annual Percentage Rate (APR) is the advertised rate and can vary based on creditworthiness and terms of the loan. Ask about our Loan Life and Disability Coverage.
| Vehicle Year | Terms | Fixed Rate (starting at) |
|---|---|---|
| 2018 or newer | up to 48 months | 3.20% |
| up to 66 months | 3.45% | |
| up to 75 months | 4.50% | |
| up to 84 months | 5.00% | |
| 2014 - 2017 | up to 48 months | 4.20% |
| up to 66 months | 4.45% | |
| up to 75 months | 5.50% | |
| up to 84 months | 6.00% | |
| 2010 - 2013 | up to 36 months | 6.45% |
| up to 60 months | 6.95% |
A typical new auto loan of $25,000 at 3.20% APR would have 48 monthly payments of $555.57 each month, with total repayment of $26,667.40.
The Annual Percentage Rate is the advertised rate and can vary based on creditworthiness, age of vehicle and terms of the loan. See Credit Union for details. Ask about our Loan Life and Disability protection, GAP coverage and Auto Insurance.
| Model Year | Loan Balance | Term | Fixed Rate APR (As Low As) | Sample Payment |
|---|---|---|---|---|
| 2009-2019 | up to $25,000 | up to 84 months | 4.75% | $140.00 |
| 2009-2019 | $25,000-$50,000 | up to 120 months | 5.25% | $268.00 |
| 2009-2019 | $50,000 + | up to 180 months | 5.75% | $415.00 |
Sample payments based on $10,000, $25,000 and $50,000 loans respectively at the maximum term allotted for that balance. The Annual Percentage Rate is the advertised rate and can vary based on creditworthiness, age of vehicle and terms of the loan. Loans for collateral older than 10 years are factored at personal/unsecured loan rates. Ask about our Loan Life and Disability Protection, GAP Coverage and insurance.
| Model Year | Term | Fixed Rate APR (As Low As) | Sample Payment |
|---|---|---|---|
| 2017 - 2019 | up to 60 months | 5.50% | $96.00 |
| 2013 - 2016 | up to 48 months | 6.50% | $119.08 |
Sample payments based on $5,000 loans at the maximum term allotted for model year. The Annual Percentage Rate is the advertised rate and can vary based on creditworthiness, age of vehicle and terms of the loan. Loans for model years earlier than six years are factored at personal/unsecured loan rates. Ask about our Loan Life and Disability Protection, GAP Coverage and insurance.
| Term | Fixed Rate APR (As Low As) | Sample Payment |
|---|---|---|
| 0-36 months | 6.95% | $30.85 |
| 37-72 months | 7.45% | $17.27 |
Sample payments based on $1,000 loan at 36 months and 72 months respectively. The annual percentage rate is the advertised rate and can vary based on creditworthiness and terms of the loan. Ask about our Loan Life and Disability Coverage.
| Term | Interest (starting at) | APR (starting at) | Sample Payment |
|---|---|---|---|
| 30 Year USDA | 3.25% | 3.846% | $469 |
*$100 will be deposited into a Northern Credit Union deposit account at the time of mortgage loan funding.
†Excluding the city of Watertown and select areas in the Town of Watertown.
| Term | Rate | APR | Sample Monthly Payment |
|---|---|---|---|
| 30 Year Fixed | 5.125% | 5.586% | $544 |
| 15 Year Fixed | 4.875% | 5.375% | $784 |
Sample payments and APR percentage are based on $100,000 loan amount. The payments displayed do not include amounts for escrow, taxes or insurance. Actual payments may be greater, if applicable. The Interest Rate is the advertised rate and can vary based on creditworthiness, home type, mortgage type and terms of the loan. See Credit Union for details.
*$100 will be deposited into a Northern Credit Union deposit account at the time of mortgage loan funding.
Sample payments and APR percentage are based on $100,000 loan amount. The interest rate is the advertised rate and can vary based on creditworthiness, home type, mortgage type and terms of the loan. See Credit Union for details.
Valid on owner occupied, 1-4-family residential properties. Property and hazard insurance are required and are the responsibility of the borrower. “No closing costs” means no: processing fee, underwriting fee, abstract fees, lender’s title insurance fee, appraisal fee, closing/escrow fee, courier fee, bankruptcy search fee, credit report fee, flood certification fee, tax service fee, recording fees or mortgage tax. Member is responsible for prepaid costs including homeowner insurance premiums, prepaid interest and town/county/school taxes and down payments. If a member obtains owner title insurance, the member is responsible for the premium. For mortgages with less than 20% down payment, Private Mortgage Insurance (PMI) is required and the member is responsible for PMI premiums. If the no closing cost mortgage is closed or discharged within the first three years, Northern may collect the third-party closing costs from the member that were waived when the loan was opened. If a customer selects an attorney to represent him/her, customer is responsible for attorney fees. Northern Credit Union will not pay for a survey, nor any other item that is ordinarily paid for by the seller. A primary savings share account with $5 balance is required for Northern Credit Union membership.
| Term | Interest (As Low As) | APR (As Low As) | Sample Monthly Payment |
|---|---|---|---|
| 30 Year Fixed | 3.500% | 3.963% | $497 |
| 15 Year Fixed | 3.375% | 3.821% | $746 |
Sample payments and APR percentage are based on $100,000 loan amount. The payments displayed do not include amounts for escrow, taxes or insurance. Actual payments may be greater, if applicable. The Interest Rate is the advertised rate and can vary based on creditworthiness, home type, mortgage type and terms of the loan. See Credit Union for details.
*$100 will be deposited into a Northern Credit Union deposit account at the time of mortgage loan funding.
| Term | Interest (As Low As) | APR (As Low As) | Sample Payment |
|---|---|---|---|
| 30 Year 5/5 ARM | 4.500% | 5.631% | $499 |
| 15 Year 5/5 ARM | 4.250% | 5.531% | $745 |
Sample payments and APR percentage are based on $100,000 loan amount. The payments displayed do not include amounts for escrow, taxes or insurance. Actual payments may be greater, if applicable. The Interest Rate is the advertised rate and can vary based on creditworthiness, home type, mortgage type and terms of the loan. See Credit Union for details.
*$100 will be deposited into a Northern Credit Union deposit account at the time of mortgage loan funding.
| Term | Interest (starting at) | APR (starting at) | Sample Payment |
|---|---|---|---|
| 30 Year VA | 3.375% | 3.812% | $452 |
Sample payments and APR percentage are based on $100,000 loan amount. The payments displayed do not include amounts for escrow, taxes or insurance. Actual payments may be greater, if applicable. The Interest Rate is the advertised rate and can vary based on creditworthiness, home type, mortgage type and terms of the loan. See Credit Union for details.
*$100 will be deposited into a Northern Credit Union deposit account at the time of mortgage loan funding.
| Term | Interest (starting at) | APR (starting at) | Sample Payment |
|---|---|---|---|
| 30 Year FHA | 3.00% | 4.295% | $501 |
Sample payments and APR percentage are based on $100,000 loan amount. The payments displayed do not include amounts for escrow, taxes or insurance. Actual payments may be greater, if applicable. The Interest Rate is the advertised rate and can vary based on creditworthiness, home type, mortgage type and terms of the loan. See Credit Union for details.
*$100 will be deposited into a Northern Credit Union deposit account at the time of mortgage loan funding.