Rates :: Merck Employees FCU

Deposit Rates

Deposit accounts earn dividends daily. Dividends are posted at the end of each quarter as follows:

1^st Quarter (Jan-March)/Dividend Paid April 1
2^nd Quarter (April-June)/Dividend Paid July 1
3^rd Quarter (July-Sept)/Dividend Paid Oct. 1
4^th Quarter (Oct.-Dec.)/Dividend Paid Jan. 1

Rates are subject to change on a quarterly basis, following the same schedule above, and will be updated here.

	Rate	Annual Percentage Yield
Savings (Regular Share Acct)º	1.250%	1.257%
IRA Accounts¹	2.000%	2.020%
E-Checking (Share Draft Acct)²	0.625%³	0.626%³

ºThe minimum balance to earn dividends on regular accounts is $50.00
¹The minimum balance to earn dividends on IRA accounts is $200.00
²The minimum balance to earn dividends on share draft accounts is $1.00
³Rate and annual percentage yield with e-statements. Without e-statements deduct 0.50%.

Loans^‡

Note: All rates shown are the credit union’s lowest rates. Individual rates are based on credit worthiness and other factors. Where available, a 0.25% discount is applied for auto-pay. Without auto-pay from a credit union savings or checking account, add 0.25%. If you are interested in finding your actual rate, please submit a loan application.

Home Equity Loans**

**Home Equity Line of Credit*‡**

Loan Amount	Loan-to-value	Annual Percentage Rate
$10,000 – $100,000	≤80%	3.25%*
$100,001-$200,000	≤70%	3.25%*

*This is a variable rate revolving line of credit with a 10-year draw and a maximum 15-year payback. The rate adjusts according to the prime rate as set forth in the Wall Street Journal. Fees apply where full appraisals are required.