Rates
At Evansville Federal Credit Union, we offer an assortment of rates on deposit products and a variety of loan rates to fit your needs.
Deposit Products
Rates as of , subject to change without notice.
Business Savings Account
| Minimum Deposit | Minimum to earn dividends | Dividend Rate | APY* |
|---|---|---|---|
| $100.00 | $250.00 | 0.08% | 0.08% |
Small Business Checking
| Minimum Deposit | Minimum to earn dividends | Dividend Rate | APY* |
|---|---|---|---|
| $250.00 | $500.00 | 0.05% | 0.05% |
Business Analysis Checking
| Amount | Minimum deposit | Minimum to earn dividends | Dividend Rate | APY* |
|---|---|---|---|---|
| $2,500 - $4,999 | $500.00 | $2,500.00 | 0.05% | 0.05% |
| $5,000 & up | $500.00 | $5,000.00 | 0.05% | 0.05% |
Dividend rate is based on daily balance. If daily balance falls below $5,000 there will be a Monthly Service Charge of $7.50. A per item charge of $0.10 will be assessed on all deposited items and $0.10 on all checks exceeding 40 checks cleared per month.
Money Market - Business Services
| Amount | Dividend Rate | APY |
|---|---|---|
| $7,500 - $9,999 | 0.15% | 0.15% |
| $10,000 - $24,999 | 0.20% | 0.20% |
| $25,000 - $99,999 | 0.25% | 0.25% |
| $100,000 & up | 0.30% | 0.30% |
*APY - Annual Percentage Yield
Please note that the early withdrawal penalty and fees may reduce earnings.
Rates as of , subject to change without notice.
| Term | Minimum deposit | Dividend Rate | APY* |
|---|---|---|---|
| 3 month | $1,000.00 | 1.25% | 1.257% |
| 6 month | $1,000.00 | 1.50% | 1.510% |
| 1 year | $1,000.00 | 2.00% | 2.018% |
| 18 month | $1,000.00 | 2.50% | 2.529% |
| 2 year | $1,000.00 | 3.00% | 3.042% |
| 30 month | $1,000.00 | 3.00% | 3.042% |
| 3 year | $1,000.00 | 3.00% | 3.042% |
| 4 year | $1,000.00 | 3.00% | 3.042% |
| 5 year | $1,000.00 | 3.00% | 3.042% |
| IRA Savings Account | $250.00 | 0.17% | 0.17% |
*APY - Annual Percentage Yield
Please note that the early withdrawal penalty and fees may reduce earnings.
All certificates have a early withdrawal penalty of 90 days of earned or unearned interest.
Rates as of , subject to change without notice.
| Term | Minimum deposit | Dividend Rate | APY* |
|---|---|---|---|
| 3 month | $1,000.00 | 1.25% | 1.257% |
| 6 month | $1,000.00 | 1.50% | 1.510% |
| 1 year | $1,000.00 | 2.00% | 2.018% |
| 18 month | $1,000.00 | 2.50% | 2.529% |
| 1 Year Save to Win** | $25.00 | 2.00% | 2.018% |
| 2 year | $1,000.00 | 3.00% | 3.042% |
| 30 month | $1,000.00 | 3.00% | 3.042% |
| 3 year | $1,000.00 | 3.00% | 3.042% |
| 4 year | $1,000.00 | 3.00% | 3.042% |
| 5 year | $1,000.00 | 3.00% | 3.042% |
*APY - Annual Percentage Yield
Please note that the early withdrawal penalty and fees may reduce earnings.
All certificates have a early withdrawal penalty of 90 days of earned or unearned interest.
** Save to Win - click here for more info
Loan Rates
Rates as of , subject to change without notice.
| Model Year | Amount | Term | APR | Payment Example per $1,000 Borrowed |
|---|---|---|---|---|
| 2025-2023 | 60 months | 5.24% | $18.98 | |
| 2025-2023 | 66 months | 5.50% | $17.60 | |
| 2025-2023 | Over $20,000 | 72 months | 5.75% | $16.46 |
| 2025-2023 | Over $25,000 | 84 months | 6.99% | $15.09 |
| 2022-2021 | 60 months | 5.70% | $19.20 | |
| 2022-2021 | 66 months | 6.20% | $17.92 | |
| 2022-2021 | Over $20,000 | 72 months | 6.70% | $16.91 |
| 2020-2019 | 60 months | 6.75% | $19.69 | |
| 2018 and older | 60 months | 8.00% | $20.28 |
The annual percentage rates (APR) may be as low as the percentage indicated and includes a .25% discount for automatic withdrawal from an EFCU deposit account, subject to loan approval. EFCU charges a $95 Processing Fee.
-
Extended Warranty - Don't get caught making expensive repairs on your new and pre-owned vehicles! Many breakdowns occur after the manufacturers warranty expires, so protect yourself from expensive repairs. Call us today for information on this money-saving program.
-
Debt Protection - Unexpected events could leave you scrambling to pay your monthly payments. Debt Protection can help relieve financial pressure in the event of death, disability, or involuntary unemployment. Talk to a loan officer today to add Debt Protection to your loan.
-
Guaranteed Asset Protection Insurance (GAP) - Guaranteed Asset Protection covers the difference between the loan or lease balance and up to 125% of the market value of your vehicle, including up to $500 of your insurance deductible, if your vehicle is stolen or totaled. Protect your auto investment by calling a loan officer to sign up for GAP insurance today. Did you know: When you purchase GAP Insurance that Auto Deductible Reimbursement is included at no additional cost?
- Depreciation Protection - In the event of a total loss, Depreciation Protection can secure the equity you have already built into your loan...plus each monthly payment made on the loan may also be protected!
Consult an EFCU Loan Officer for details at 812-424-2621, option 3.
Rates as of , subject to change without notice.
Fixed Rate 2nd Mortgage
| UP TO 90% LOAN-TO-APPRAISED VALUE | |||
|---|---|---|---|
| Term | Rate | APR | Payment Example per $1,000 Borrowed |
| UP TO 60 MOS | 6.75% | 6.81% | $19.68 |
| 61 - 120 MOS | 7.00% | 7.06% | $11.61 |
| 121 - 180 MOS | 7.75% | 7.82% | $9.41 |
| 91% TO 100% LOAN-TO-APPRAISED VALUE | |||
|---|---|---|---|
| Term | Rate | APR | Payment Example per $1,000 Borrowed |
| UP TO 60 MOS | 7.75% | 7.81% | $20.16 |
| 61 - 120 MOS | 8.00% | 8.06% | $12.13 |
| 121 - 180 MOS | 8.75% | 8.81% | $9.99 |
*APR based on $10,000 loan amount.
Home Equity Line of Credit
As of December 19, 2024, Prime Rate is 7.50%. The index for the variable rate is the Wall Street Journal Prime Rate. Maximum annual percentage rate is 17%. Closing costs are estimated between $100 to $565.
| Term | APR |
|---|---|
| 90% LTV | 7.00% |
| 100% LTV | 8.25% |
Variable Rate - Visa Credit Card Access - No Annual Fee
Our Mortgage Specialists are here for you! Text or Call 812-424-2621
-
ext. 283 - Crystal Jacob - [email protected]
Rates as of , subject to change without notice.
| Term | Rate | Points | APR* | Payment Example per $1,000 Borrowed |
|---|---|---|---|---|
| 30 Year | 6.875% | 0.000 | 6.996% | $6.57 |
| 30 Year | 6.625% | 1.000 | 6.870% | $6.41 |
| 20 Year | 6.750% | 0.000 | 6.954% | $7.60 |
| 15 Year | 6.250% | 0.000 | 6.506% | $8.57 |
| 15 Year | 6.000% | 1.000 | 6.247% | $8.44 |
*APR based on $100,000 loan amount with 20% down payment. Rates subject to change. The interest rate may be as low as the % indicated. A member's rate is determined by an automated underwriting system. Payment Examples do not include amounts for taxes or insurance premiums. Your actual payment information may vary.
Our Mortgage Specialists are here for you! Text or Call 812-424-2621
-
ext. 283 - Crystal Jacob - [email protected]
-
ext. 423 - Jim Phelps - [email protected]
Rates as of , subject to change without notice.
| Loan Type | Term | APR | Payment Example per $1,000 Borrowed |
|---|---|---|---|
| Signature/Personal | |||
| Signature Loan | 12 months | 8.75% | $87.26 |
| Signature Loan | 13 to 24 months | 9.00% | $45.69 |
| Signature Loan | 25 to 36 months | 9.50% | $32.04 |
| Signature Loan | 37 to 48 months | 9.75% | $25.25 |
| Signature Loan | 49 to 60 months | 10.25% | $21.38 |
| Signature Line of Credit | 3% of balance | 12.00% | $30.00 |
| Share Secured | 60 months | 3.50% | $18.20 |
| Share Certificate Secured | Due at certificate maturity plus 3% | Due at certificate maturity plus 3% | N/A |
The annual percentage rates (APR) may be as low as the percentage indicated and includes a .25% discount for automatic withdrawal from an EFCU deposit account, subject to loan approval. EFCU charges a $35 Processing Fee for Signature Installment Loans.
Debt Protection - Unexpected events could leave you scrambling to pay your monthly payments. Debt Protection can help relieve financial pressure in the event of death, disability, or involuntary unemployment. Talk to a loan officer today to add Debt Protection to your loan.
Rates as of , subject to change without notice.
Boats and RV Loans
| Model Year | Amount | Term | APR | Payment Example per $1,000 Borrowed |
|---|---|---|---|---|
| 2025-2023 | 60 months | 7.20% | $19.90 | |
| 2025-2023 | Over $10,000 | 72 months | 7.70% | $17.39 |
| 2025-2023 | Over $20,000 | 84 months | 8.20% | $15.69 |
| 2025-2023 | Over $30,000 | 120 months | 11.25% | $13.93 |
| 2022 and older | up to 72 months | 8.99% | $18.03 |
Motorcycle & ATV Loans
| Model Year | Amount | Term | APR | Payment Example per $1,000 Borrowed |
|---|---|---|---|---|
| 2025-2023 | 60 months | 8.00% | $20.29 | |
| 2025-2023 | Over $5000 | 66 months | 8.00% | $18.79 |
| 2025-2023 | Over $10,000 | 72 months | 8.50% | $17.79 |
| 2022-2021 | 60 months | 8.75% | $20.64 | |
| 2022-2021 | Over $5,000 | 66 months | 9.25% | $19.39 |
| 2022-2021 | Over $10,000 | 72 months | 10.00% | $18.54 |
| 2020-2019 | 60 months | 9.50% | $21.01 | |
| 2018 & Older | 60 Months | 10.25% | $21.38 |
The annual percentage rates (APR) may be as low as the percentage indicated and includes a .25 % discount for automatic withdrawal from an EFCU deposit account, subject to loan approval. EFCU charges a $95 Processing Fee.
-
Extended Warranty - Don't get caught making expensive repairs on your new and pre-owned Power Sports (Motorcycles/ATVs)! Many breakdowns occur after the manufacturers warranty expires, so protect yourself from expensive repairs. Call us today for information on this money-saving program.
-
Debt Protection - Unexpected events could leave you scrambling to pay your monthly payments. Debt Protection can help relieve financial pressure in the event of death, disability, or involuntary unemployment. Talk to a loan officer today to add Debt Protection to your loan.
-
Guaranteed Asset Protection Insurance (GAP) - Guaranteed Asset Protection covers the difference between the loan or lease balance and up to 125% of the market value of your vehicle, including up to $500 of your insurance deductible, if your vehicle is stolen or totaled. Protect your auto investment by calling a loan officer to sign up for GAP insurance today. Did you know: When you purchase GAP Insurance that Auto Deductible Reimbursement is included at no additional cost?
Consult an EFCU Loan Officer for details at 812-424-2621 option 3.
Rates as of , subject to change without notice.
| APR | |
|---|---|
| Platinum | 9.9% |
| Classic | 15% |
Consult an EFCU Loan Officer for details at 812-424-2621 option 3.
