Savings Rates - Effective December 01, 2008
Rates are subject to change without notice.
Important Notes: Fees could reduce the earnings on accounts. For a listing of current fees imposed by the Credit Union click here. On variable rate accounts the rate may change after the account is opened. Variable rates are accurate as of the date shown immediately above the respective rate table or are prospective dividend rates for the current dividend period. Fixed rates are accurate as of the date shown immediately above the respective rate table. A penalty may be charged for early withdrawal from Certificates.
* Minimum average daily balance applies to this account. There is no minimum balance to open a checking account. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the U.S. Government. National Credit Union Administration (NCUA), a U.S. Government Agency. IRAs are insured separately to $250,000 by NCUA. Rates are subject to change without notice. Contact a Credit Union Personal Service Representative for further information, applicable fees and terms at (516) 742-4900 (outside LI/NYC call 800-216-2328) and select option 3.
** Minimum balance for Education Savings Account (formerly Education IRA) Certificates is $500. ††† Rate available only for new money from another financial institution and cannot be funds from any existing Nassau Financial account. 6-Month New Money Certificate is for IRA Certificates only. Minimum balance to open account and earn APY is $1,000. A penalty may be charged for early withdrawal from a Certificate. A maintained Savings Account balance of $5 is required. †††† One time option during the term to change the dividend rate to the then current rate of the 24 Month Regular cerificate or the 36 Month Regular / IRA certificate. Rates are variable for "bump-up" certificates.
*** The ANNUAL PERCENTAGE RATE (APR) will be the Credit Union's cost of funds (which is determined by taking the prior quarter's average dividends paid on Share, Certificate, IRA's and any other savings instrument) (Index) plus the applicable percentage shown in the "% Above Index" column above, rounded to the nearest 1/4%. The APR will change for existing balances and new advances on the 15 th day of the first month of each quarter, (January, April, July, October). The Credit Union's current cost of funds is 2.75%.
† Introductory rate of 4.00% based on the current prime rate of 4.00% and is fixed for the first six months. Thereafter the rate will be based on The Wall Street Journal Prime Rate less .50% for the life of the loan, adjustable monthly, with a lifetime cap of 18% APR and a lifetime floor of 4% APR. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. No closing cost option requires a minimum line of credit of $40,000.00 with at least $40,000.00 advanced or drawn down at closing and the line of credit must remain open for four years. Borrower is required to pay closing costs if the line of credit is closed within four years of opening. Property must be primary residence located in New York State. Existing borrowers, please contact a Representative for information on how you can also take advantage of this offer. Different terms and conditions apply. Consult your tax advisor for informaiton on the deductibility of interest on real estate loans. Nassau Financial is an equal opportuity lender and equal housing lender.
†† Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. The ANNUAL PERCENTAGE RATE (APR) you receive is based on your credit worthiness. Please ask a representative for the rate you qualify for. The 24 - 72 and 84 month vehicle, boat and RV fixed rate loans include a .50% reduction for Direct Deposit and participation in the preferred payment program. Contact a Credit Union Personal Service Representative for further informaiton, applicable fees and terms at (516) 742-4900 (outside LI/NYC call 1-800-216-2328) and select option 3. Loan applications from existing members can be accepted via telephone or fax. Nassau Financial's fax number is (516) 742-4450.
Not responsible for errors and omissions.
