Resources and Rates

Most people don't exactly love researching rates or using a calculator... But, finding the best situation for you is important. Here is everything in one place to help figure that out.

Briefcase

Auto Advantage

Auto Advantage

Approximate Repayment Term APR* as low as
24 Months 2.74%
36 Months 2.74%
48 Months 2.74%
60 Months 2.74%
72 Months 2.99%

Traditional IRA

Tiered Dividends

Average Monthly Tier Balances Minimum Opening Deposit Minimum Balance to Obtain APY Dividend Rate Annual Percentage Yield*
Traditional IRA $0 –$2,499.99 N/A $1.00 0.10% 0.10%
Traditional IRA $2,500 –$9,999.99 N/A $2,500.00 0.15% 0.15%
Traditional IRA $10,000 –$24,999.99 N/A $10,000.00 0.15% 0.15%
Traditional IRA $25,000 –$49,999.99 N/A $25,000.00 0.20% 0.20%
Traditional IRA $50,000 & over N/A $50,000.00 0.25% 0.25%

Fees

Item SEFCU Fee

IRA Close Plan Fee

$15

IRA Transfer Fee

$15

View complete details

 

 

 

New Car Model '19-'21

New Car Loan ’19 – ’21

Approximate Repayment Term APR** as low as
24 months 1.99%
36 months 1.99%
48 months 1.99%
60 months 1.99%
72 months 2.24%
84 months 3.69%

Roth IRA

Tiered Dividends

Average Monthly Tier Balances Minimum Opening Deposit Minimum Balance to Obtain APY Dividend Rate Annual Percentage Yield*
Roth IRA $0 –$2,499.99 N/A $1.00 0.10% 0.10%
Roth IRA $2,500 –$9,999.99 N/A $2,500.00 0.15% 0.15%
Roth IRA $10,000 –$24,999.99 N/A $10,000.00 0.15% 0.15%
Roth IRA $25,000 –$49,999.99 N/A $25,000.00 0.20% 0.20%
Roth IRA $50,000 & over N/A $50,000.00 0.25% 0.25%

Fees

Item SEFCU Fee New York State Bank/Credit Union average fee**
(as of July 2018)

IRA Close Plan Fee

$15

 

IRA Transfer Fee

$15

$35.05

Distribution from Contribution

Non-taxable, no IRS penalties

 

Distribution from Earnings:

• Roth IRA is less than 5 years old

• Withdrawals used for higher education

Taxable, no IRS penalties

 

Distribution from Earnings:

• Roth IRA is less than 5 years old

• Withdrawals not used for higher education

Taxable, may have IRS penalty

 

Distribution from Earnings

• Roth IRA is at least 5 years old

• Owner will be at least 59½ years old during the current tax year

No tax liability, no IRS penalty

 

Distribution from Earnings

• Roth IRA is at least 5 years old

• Owner won’t be at least 59½ years old during the current tax year

• Withdrawals are used to pay for qualified higher education expenses, certain medical expenses or for a “First-Time” home purchase

 

“First-Time” home purchase means:

• The home must be purchased by a grandparent, parent, spouse, child or grandchild of the IRA owner, or by the IRA owner

• The home purchaser may not have had his or her name on a mortgage deed in the last 3 years

• There is a lifetime limit of $10,000 which can be distributed from the Roth IRA for this purpose

No tax liability, no IRS penalty

 

View complete details

 

 

 

New Boat & RV Model '16-'20

New Boat & RV ’17 – ’21

Approximate Repayment Term APR* as low as
24 months 3.10%
36 months 3.35%
48 months 3.60%
60 months 3.85%
72 months 4.35%
73-120 months 4.95%
121-180 months 5.59%

Traditional & Roth IRA Share Certificates

Fixed Rates

Term Dividend Rate Annual Percentage Yield**
6 months 0.15% 0.15%
10 months 0.15% 0.15%
12 months 0.60% 0.60%
15 months 0.60% 0.60%
18 months 0.75% 0.75%
24 months 0.75% 0.75%
24-month add-on 0.75% 0.75%
36 months 0.80% 0.80%
48 months 1.00% 1.00%
60 months 1.00% 1.00%

Fees

Item IRS penalty SEFCU penalty New York State Bank/Credit Union average fee***
(as of July 2018)

Early withdrawal

Additional IRS penalties may apply

Penalty for breaking the certificate, based on amount withdrawn and the original term length; exceptions are made for withdrawals intended to cover a required minimum distribution

$28.93 – $32.22

Early redemption

Additional IRS penalties may apply

Distributions are usually subject to a SEFCU penalty; exceptions are made in the case of the member having died

 

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