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Providing better rates is part of our mission

San Mateo Credit Union is dedicated to providing competitive loan and savings rates. The following rates are effective 02/22/2019.

Product Minimum Balance to Open Dividend Rate Annual Percentage Yield (APY)
Regular (Share) Savings $1.00 0.05% 0.05%
Business Savings $1.00 0.05% 0.05%
Youth Savers $5.00 0.05% 0.05%
Holiday Savings $25.00 0.05% 0.05%
IRA Savings $100.00 0.10% 0.10%
Health Savings Account (HSA) $100.00 0.25% 0.25%

Regular Certificates:

$1,000 minimum opening balance.
Regular Certificate Term Dividend Rate Annual Percentage Yield (APY)
60 Months 2.47% 2.50%
48 Months 1.98% 2.00%
36 Months 1.74% 1.75%
24 Months 2.96% 3.00%
18 Months 1.98% 2.00%
12 Months 1.24% 1.25%
11 Months 0.90% 0.90%
6 Months 0.60% 0.60%
3 Months 0.30% 0.30%

IRA Certificates: 

$1,000 minimum opening balance for Traditional and Roth Iras and $500 For Educational Savings Accounts (ESA).
IRA Certificate Term Dividend Rate Annual Percentage Yield (APY)
60 Months 2.47% 2.50%
48 Months 1.98% 2.00%
36 Months 1.74% 1.75%
24 Months 2.96% 3.00%
18 Months 1.98% 2.00%
12 Months 1.24% 1.25%

Special Certificates:

Product Term Min Balance to Open Dividend Rate Annual Percentage Yield (APY)
Youth Certificate1 12 Months $250.00 1.24% 1.25%
Add-On Certificate1,2 9 Months $500.00 0.70% 0.70%
Add-On IRA Certificate3 24 Months $2000.00 2.96% 3.00%
Registry Certificate Account4 15 Months $100.00 0.20% 0.20%
1. Additional deposits of $50.00 or more allowed during term.
2. Maximum balance permitted is $100,000.00.
3. Additional deposits of $500.00 or more allowed during initial term only.
4. Additional deposits of $15.00 or more allowed.
The following rates apply to both Money Market Plus and Business Money Market Plus. The minimum balance required to open either account is $2,500, after which you can earn interest on any balance.
Balance tier Dividend rate Annual percentage yield (APY)
$250,000.00 and above 0.70% 0.70%
$100,000.00 - $249,999.99 0.60% 0.60%
$50,000.00 - $99,999.99 0.50% 0.50%
$0.01 - $49,999.99 0.40% 0.40%
PRODUCT MINIMUM BALANCE TO OPEN DIVIDEND RATE ANNUAL PERCENTAGE YIELD (APY)

Premium Checking when requirements are met*

$50.00

Blended rate: 1.982% on balances $0.01 - $50,000 and 0.05% on balances $50,000.01+

Blended APY: 2.00% on balances $0.01 - $50,000 and 0.05% on balances $50,000.01+

Premium Checking when requirements are not met*

0%

0%

Free Checking

$20.00

0%

0%

Business Checking

$100.00

0%

0%

* APY = Annual Percentage Yield as of 1/1/2019; subject to change. 2.00% 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) 15 or more debit card purchases or debit card payments are initiated (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.

Get a custom online mortgage rate quote

The rates displayed below represent a limited sample of what SMCU can offer, do not take qualifying information into account (like credit score), and may not help you choose the right loan for your unique situation. We recommend that you get a custom online rate quote or contact an SMCU Mortgage Expert to go over your specific details. 
 

Conforming Loans: amounts up to $484,350.00

Product Rate Points APR*
30 Year Fixed 4.250% 1.000% 4.376%
30 Year Fixed 4.375% 0 4.416%
20 Year Fixed 4.000% 1.000% 4.173%
20 Year Fixed 4.250% 0 4.307%
15 Year Fixed 3.875% 0 3.947%
10 Year Fixed 3.750% 0 3.854%
3/1 ARM 3.625% 0 3.665%
5/5 ARM 3.750% 0 3.790%
5/5 ARM 40-Year Term1 4.000% 0 4.035%
5/5 ARM No-Cost Loan2 4.250% 0 4.250%
7/1 ARM 4.000% 0 4.041%
7/1 ARM 40-Year Term1 4.250% 0 4.284%
7/1 ARM No-Cost Loan2 4.500% 0 4.500%
10/1 ARM 4.250% 0 4.291%
10/1 ARM 40-Year Term1 4.500% 0 4.534%
10/1 ARM No-Cost Loan2 4.75% 0 4.75%

High Balance Loans: amounts from $484,350.01 - $726,525.00

Product Rate Points APR*
30 Year Fixed 4.375% 1.000% 4.488%
30 Year Fixed 4.625% 0 4.653%
15 Year Fixed 4.000% 0 4.048%
10 Year Fixed 3.750% 0 3.819%
3/1 ARM 3.750% 0 3.777%
5/5 ARM 3.750% 0 3.777%
5/5 ARM 40-Year Term1 4.000% 0 4.022%
5/5 ARM No-Cost Loan2 4.125% 0 4.125%
7/1 ARM 4.000% 0 4.027%
7/1 ARM 40-Year Term1 4.250% 0 4.272%
7/1 ARM No-Cost Loan2 4.375% 0 4.375%
10/1 ARM 4.375% 0 4.403%
10/1 ARM 40-Year Term1 4.625% 0 4.648%
10/1 ARM No-Cost Loan2 4.750% 0 4.750%

Jumbo Loans: Amounts over $726,525.00

Product Rate Points APR
Jumbo 30 Year Fixed 4.375% 0 4.381%
Jumbo 15 Year Fixed 3.750% 0 3.760%
3/1 ARM 3.375% 0 3.380%
5/5 ARM 3.750% 0 3.756%
5/5 ARM 40-Year Term1 4.000% 0 4.005%
5/5 ARM No-Cost Loan2 4.000% 0 4.000%
7/1 ARM 3.875% 0 3.881%
7/1 ARM 40-Year Term1 4.125% 0 4.130%
7/1 ARM No-Cost Loan2 4.125% 0 4.125%
10/1 ARM 4.125% 0 4.131%
10/1 ARM 40-Year Term1 4.375% 0 4.380%
10/1 ARM No-Cost Loan2 4.375% 0 4.375%
*APR = Annual Percentage Rate.
 
The advertised rates are based on a loan amount up to $484,350.00 for conforming loans, up to $726,525.00 for high balance conforming loans and up to $3,500,000.00 for adjustable-rate jumbo loans and up to $1,000,000.00 for fixed-rate 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 45- 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 or 5 years 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.
2. The no-cost adjustable-rate mortgage covers all non-recurring closing costs, is available on 30-year ARM terms only, and requires a minimum loan amount of $200,000.

Home Equity Line Of Credit (HELOC)

Home Equity Lines Of Credit (Helocs) Are Available For Amounts From $25,000 To $400,000. They Feature A 10-Year, Interest-Only Draw Period Followed By A 15-Year Repayment Period. Rates Shown Are For Homes At 80% LTV.1
 

Home Equity Line of Credit

Rate As Low As APR* As Low As
5.5% 5.5%

Home Equity Loans

Home Equity Loans Are Available For Amounts From $25,000 To $300,000. Rates Shown Are For Homes At 80% LTV.2
Term Rates As Low As APR* As Low As
5 years 5.00% 5.00%
10 years 5.500% 5.500%
15 years 5.625% 5.625%
* 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 5.5%. 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.
SMCU credit cards carry a variable rate and your specific rate within the rate ranges displayed below depends on your credit score.
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.
Product Term Available Credit APR* as low as
Personal Loan Up to 60 Months $100.00 - $25,000.00 9.99%
Computer Loan Up to 12 Months $300.00 - $2,000.00 9.99%
* APR = Annual Percentage Rate.
The following rates apply to new and used auto loans for vehicles that are 2011 or newer, have a maximum of 100,000 miles, and do not exceed 130% of the Retail Blue Book MSRP. For rates and options outside of these parameters, please call (650) 363-1725 (choose option #3).
Term Minimum Amount APR* as low as
Up to 36 Months N/A 2.24%
37 - 60 Months $10,000 3.24%
61 - 72 Months $15,000 3.74%
73 - 84 Months $25,000 4.24%
* 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.
The following rates apply to new and used boats, motor homes, and travel trailers that are 2010 or newer, have a maximum of 100,000 miles, and do not exceed 130% of the Retail Blue Book MSRP. For rates and options outside of these parameters, please call (650) 363-1725 (choose option #3).
Term APR* as low as
Up to 84 Months 5.75%
* APR = Annual Percentage Rate.
The following rates apply to new and used motorcycles that are 2010 or newer and have a maximum of 100,000 miles. For rates and options outside of these parameters, please call (650) 363-1725 (choose option #3).
Term APR* as low as
Up to 60 Months 4.75%
* APR = Annual Percentage Rate.
Deposit rates and annual percentage yields (APY) are effective 02/22/2019 unless otherwise noted and subject to change at any time. Unless otherwise noted, dividend-bearing accounts have variable rates subject to change at any time after the account is opened.  When a Certificate is opened, the rate is fixed for the stated term.  Dividends are compounded and credited monthly.  Membership eligibility requirements apply.  Fees may reduce earnings.  Early withdrawal penalty applies to Certificates.  Early IRA withdrawals may be subject to tax penalty.  Consult your tax or financial advisor for IRA and HSA information.  Pre-authorized withdrawal transaction limits apply to savings and money market accounts.  Please refer to the Truth-In- Savings Disclosure and Cost Recovery Schedule for other account terms and conditions.

Loan rates and annual percentage rates (APR) are effective 02/22/2019  unless otherwise noted and subject to change at any time. All loans and credit cards are subject to credit approval and income and employment verification. Membership eligibility requirements apply. Total unsecured debt cannot exceed $35,000.00 maximum aggregate limit. Total secured debt and total secured and unsecured aggregate debt cannot exceed $3,500,000.00.

Call (650) 363-1725 or visit any branch for additional information on rates, fees, terms, and conditions. 
 
Resources
Premium Checking
Here’s the perfect account to earn a high interest rate when you use your debit card often.