Rates

* APY = Annual Percentage Yield. Certificate Yields assume dividends remain in account until maturity; penalty imposed for early withdrawal. Fees may reduce earnings.

1. Additional deposits of $500.00 or more allowed during initial term only.
2. Additional deposits of $15.00 or more allowed.

† Offer details current as of 10/17/19 for an eligible certificate of deposit (CD) account that has an open or auto-renewal (rollover) date on or after 10/17/2019. The advertised CD dividend rate increase can be earned for members who have an “Active Checking” account. Active Checking account is defined as a checking account that has at least one (1) direct deposit or ACH deposit (excluding telephone, teller or dividend posting transactions) during the monthly Statement Cycle (statement cycle period is 12:00 am on the first day of each month and ends at 11:59 pm on the last day of each month). For a Statement Cycle during which the Active Checking account deposit requirement is not met, the CD will earn the base rate that was set at the account opening or rollover date. The CD dividend rate increase is earned on a month-by-month basis and disclosed as the Annual Percentage Yield Earned (APYE). The APYE, on a monthly basis, calculates both the CD base rate and the CD dividend rate increase as earned. Both the CD and the checking account must be held by the primary account owner to be eligible for the CD dividend rate increase. The checking account must be open and in Good Standing, as defined in the SMCU Account Agreement, to earn the CD dividend rate increase for each month. This offer cannot be combined with any other CD rate increase offer and not all CDs may be eligible. Offer is subject to change or removal at any time without notice. Penalties may be imposed for early withdrawal and fees may reduce earnings. Please ask an SMCU representative for complete offer details, conditions, and restrictions.

* APY = Annual Percentage Yield as of 3/1/2020; subject to change. 1.00% APY paid on the first $50,000 in average daily balances and 0.05% APY paid on any average daily balances above $50,000 if three monthly (statement cycle) requirements are met, as follows: (1) 10 or more debit card purchases or debit card payments are posted (ACH/bill pay payments and ATM transactions are not counted toward the monthly requirement), (2) one direct deposit, payroll deposit, or external ACH transfer is received, (3) eStatements are selected. All requirements must be applied to the Premium Checking account. If the monthly (statement cycle) requirements are not met in their entirety, the APY paid will be 0% for that statement cycle. Limit one (1) Premium Checking account per membership. Visit smcu.org/checking for more details.

*APR = Annual Percentage Rate.
 
The advertised rates are based on a loan amount up to $510,400 for conforming loans, up to $765,600 for high balance conforming loans and up to $3,500,000.00 for jumbo loans for stated term including applicable points and customary closing costs. Loan amounts are shown at 60% conforming, 60% High Balance, and 70% Jumbo loan to value (LTV).
 
Rates and Points are based on the following: Owner occupied single family home. Middle fico scores of 740 or greater on all borrowers, rate & term refinance transaction at 60% Loan-to-Value and a 30- day rate lock without an impound account. Additional Pricing will be added if you do not meet these guidelines.
 
Advertised rates available for properties located in California. "High Balance Conforming" mortgage loan limit is determined by the county (or equivalent) where the property is located. Please contact the Real Estate Department for current rates & information on loan limits for counties other than San Mateo, San Francisco, Alameda & Santa Clara counties.
 
Maximum CLTV for rate & term refinances single family owner occupied and Second Homes, Approved Condominium, Town home Project is 80%. Non-owner-occupied properties rate and term maximum CLTV is 75%. CLTV up to 95% on owner occupied property purchases are available. Mortgage Insurance (MI) is required on all loans with greater than 80% CLTV. Maximum CLTV for loans over $1 million is 70%.
 
ARM rates are subject to change on specified dates. The APR for the adjustable rate mortgage is based on the United States Treasury securities adjusted to a constant maturity (CMT) of 1 year, 5 year, or 10 year as made available by the Federal Reserve Board.
 
All loans are subject to credit, income, debt and property qualification. Loan level pricing adjustments may apply based upon certain eligibility or other loan features such as credit score, loan purpose, occupancy, number of units, product type, loan amount your rate may be higher or high balance feature and total CLTV. Rates and terms are subject to change without notice. Other restrictions and conditions may apply.
 
Aggregate loan amount to member not to exceed $3,500,000.
 
Cash out loans available. Call the Real Estate Department if you have any questions. (650) 363-1799
 
1. 40-year terms on ARMs are available for purchase mortgages only; no refinances.

* APR = Annual Percentage Rate.
 
1. Rates and terms shown apply to a Home Equity Line of Credit for the most qualified applicant at the CLTV shown. Rates vary for second or vacation homes. Home equity loans are only available in California on owner occupied, vacation or second homes and investment properties.
 
The minimum periodic payment for line of credit is interest-only for the first ten years ('draw period') followed by fully-amortizing payments to repay the balance over the final fifteen years. No draws will be allowed during the repayment period. Payments and rate can adjust monthly. Payments will increase if rates increase. At the end of the draw period, your required monthly payments will increase because you will be paying both principal and interest.
 
Line of credit rate is calculated using an index plus a margin. The index used is the Prime Rate as published in the Wall Street Journal Western Edition on the last business day of the month prior to the change. The current prime index is 3.25%. The minimum credit line amount is $25,000 and the maximum is $400,000. SMCU will pay customary closing costs on lines up to $250,000 in second lien position. Borrower is responsible for closing costs on lines in first lien position or over $250,000 and any escrow fees resulting from changes to title. Borrower is responsible for closing costs on a line of credit in first lien position and investment properties.
 
2. Rates and terms shown apply to a Home Equity Loan for the most qualified applicant at the CLTV shown. Rates vary for second or vacation homes. Home equity loans are only available in California on owner occupied, vacation or second homes and investment properties.

1. APR = Annual Percentage Rate.
2. APR = Annual Percentage Rate. Introductory rates vary based on credit qualifications and are not available for all credit tiers. Introductory APR only applies to purchases and will not apply to balance transfers or cash advances.
3. The Visa Secured card requires 110% of your credit limit to be held in a savings account as collateral.

* APR = Annual Percentage Rate.

* APR = Annual Percentage Rate. Advertised rates include a 0.25% discount for automatic payments, credit card rewards points, partner/preferred relationship, or the use of SMCU’s personal auto shopper. Advertised rates are “floor rates” and previously-listed discounts cannot cause the rate to go any lower than the advertised rate.

* APR = Annual Percentage Rate.

* APR = Annual Percentage Rate.