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Home Equity Line of Credit
| Available Credit Limits |
Maximum LTV 1 |
Annual Percentage Rate2 |
| $750,001 – $1,000,000 |
50% |
4.75% |
| $500,001 – $750,000 |
60% |
4.75% |
| $250,001 – $500,000 |
70% |
4.75% |
| $10,000 – $250,000 |
70% |
4.25% |
| $10,000 – $250,000 |
75% |
4.75% |
| $10,000 – $150,000 |
80% |
5.00% |
| $150,001 – $250,000 |
80% |
5.25% |
Loans available for California 1-4-unit primary residences only. Final combined loan to value may vary based on type of property. Rates as of 6/16/2016. Rates and terms are subject to change without
notice. Additional terms and conditions may apply. Lifetime Maximum APR is 18% and minimum of 2.99%.
1Maximum loan amount and loan to value (LTV) calculated as a percentage of appraisal minus the first mortgage. Approved loan amount may be less than maximum loan-to-value ratio shown depending on property type, credit history
or other factors. Call (408) 451-9111 or (800) 553-0880 for details.
2Current Annual Percentage Rate (APR) determined by the Wall Street Journal Prime rate plus a margin.
No fees are required to establish the line, but if you pay off and close your Equity Line of Credit within three (3) years, a $500 - $1,500 early closure fee will apply.
All loans require Tech CU membership, credit approval, and you must meet security requirements.
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Home Equity Loan
| Term |
Maximum LTV1 |
Amount |
Annual
Percentage Rate
|
Example Payment
per $10002 |
| 15 Years |
75% |
$25,000 - 500,000 |
5.25% |
$8.05 |
| 20 years |
75% |
$25,000 - 500,000 |
5.875% |
$7.10 |
| 15 Years |
80% |
$25,000 - 500,000 |
5.50% |
$8.18 |
| 20 years |
80% |
$25,000 - 500,000 |
6.125% |
$7.24 |
For advertisement only. Rates and terms subject to change without notice. Additional conditions and restrictions may apply.
1 Maximum loan amount and loan to value (LTV) calculated as a percentage of appraisal minus the first mortgage. Approved loan amount may be less than maximum loan-to-value ratio shown depending on property type, credit history or other factors.
2 Payment per $1,000 is based on the highest interest rate with the maximum term.
We absorb all costs associated with establishing your loan, which generally total funding between $140 and $2,000 depending on the loan amount. If your loan amount is over $200,000 and you pay off the balance and close
the account in the first year of funding your loan, you will pay a $750 Early Closure Fee.
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EFFECTIVE DATE: 4/1/2020
This information is part of our Truth in Savings Disclosure. Please refer to your Member Handbook for additional account information.
Savings
Membership Share Savings Accounts
- $25.00 minimum balance to open, maintain account and earn dividends.
Membership Share Savings Accounts
| Balance Tiers |
Dividend Rate |
APY |
| $25.00-$2,499.99 |
0.250% |
0.25% |
| $2,500.00 and above |
0.250% |
0.25% |
Money Market Plus Accounts
- TIERED EARNINGS
- $0.00 minimum balance to open account and $2,500.00 to earn dividends. $0.01 minimum balance to maintain account.
- For balances of $50,000 and up, receive a rate boost of 0.10% with a Tech CU Checking Account and direct deposit of a minimum net pay of $100. If you have a private banking relationship with us, we will automatically waive the direct deposit criteria
beginning January 2, 2018 (minimum balance requirement of $50,000 still applies).
Money Market Plus Accounts
| Balance Tiers |
Dividend Rate |
APY |
| $0.01-$2,499.99 |
0.00% |
0.00% |
| $2,500.00-$24,999.99 |
0.300% |
0.30% |
| $25,000.00-$49,999.99 |
0.349% |
0.35% |
| $50,000.00-$99,999.99 |
0.549% |
0.55% |
| $100,000.00-$149,999.99 |
0.598% |
0.60% |
| $150,000.00-$299,999.99 |
0.648% |
0.65% |
| $300,000.00-$499,999.99 |
0.698% |
0.70% |
| $500,000.00-$999,999.99 |
0.747% |
0.75% |
| $1,000,000.00 and above |
1.243% |
1.25% |
Health Savings Accounts
- $0.00 minimum balance to open account. $0.01 minimum balance to maintain account and earn dividends.
(Note: if the balance is $2,500.01 or higher, the first $2,500.00 in the account will earn the rate for balances up to $2,500.00 and the balance over $2,500.00 will earn the rate for balances over $2,500.00.)
Health Savings Accounts
| Balance Tiers |
Dividend Rate |
APY |
| $0.01-$2,500.00 |
0.499% |
0.50% |
| $2,500.01 and above |
0.598% |
0.60% |
Insured Investment Accounts
- TIERED EARNINGS
- $0.00 minimum balance to open account and $2,500.00 to earn dividends. $0.01 minimum balance to maintain account.
Insured Investment Accounts
| Balance Tiers |
Dividend Rate |
APY |
| $0.01-$2,499.99 |
0.00% |
0.00% |
| $2,500.00-$24,999.99 |
0.250% |
0.25% |
| $25,000.00-$49,999.99 |
0.300% |
0.30% |
| $50,000.00-$99,999.99 |
0.499% |
0.50% |
| $100,000.00-$149,999.99 |
0.499% |
0.50% |
| $150,000.00 and above |
0.549% |
0.55% |
Checking
Checking (Share Draft) Accounts
- $0.00 minimum balance to open account.
- $0.01 minimum balance to maintain account.
- $0.01 minimum balance to earn dividends on Interest Checking.
Checking (Share Draft) Accounts
| Account Types |
Dividend Rate |
APY |
| Basic Checking |
N/A |
N/A |
| Interest Checking |
0.150% |
0.15% |
Certificates
Flextime Certificates and IRA Certificates
- $1,000.00 minimum balance to open a Flextime or IRA Certificate.
Flextime Certificates and IRA Certificates
| Terms |
Dividend Rate |
APY |
| 3 to 5 months |
0.399% |
0.40% |
| 6 to 8 months |
0.699% |
0.70% |
| 9 to 11 months |
0.749% |
0.75% |
| 12 to 17 months |
1.244% |
1.25% |
| 18 to 23 months |
1.343% |
1.35% |
| 18 month Raise My Rate* |
1.343% |
1.35% |
| 24 to 35 months |
1.442% |
1.45% |
| 24 month Raise My Rate* |
1.442% |
1.45% |
| 36 to 47 months |
1.541% |
1.55% |
| 48 to 59 months |
1.640% |
1.65% |
| 60 months |
1.739% |
1.75% |
Jumbo Flextime Certificates and Jumbo IRA Certificates
- $95,000.00 minimum balance to open a Jumbo Flextime or Jumbo IRA Certificate.
Jumbo Flextime Certificates and Jumbo IRA Certificates
| Terms |
Dividend Rate |
APY |
| 14 to 29 days |
0.150% |
0.15% |
| 1 month |
0.200% |
0.20% |
| 2 months |
0.300% |
0.30% |
| 3 to 5 months |
0.399% |
0.40% |
| 6 to 8 months |
0.699% |
0.70% |
| 9 to 11 months |
0.749% |
0.75% |
| 12 to 17 months |
1.244% |
1.25% |
| 18 to 23 months |
1.343% |
1.35% |
| 18 month Raise My Rate* |
1.343% |
1.35% |
| 24 to 35 months |
1.442% |
1.45% |
| 24 month Raise My Rate* |
1.442% |
1.45% |
| 36 to 47 months |
1.541% |
1.55% |
| 48 to 59 months |
1.640% |
1.65% |
| 60 months |
1.739% |
1.75% |
Individual Retirement Accounts
- $25.00 minimum balance to open account. $0.01 minimum balance to maintain account and earn dividends.
Individual Retirement Accounts
| Dividend Rate |
APY |
| 0.250% |
0.25% |
*Product not available for IRA Certificates.
GENERAL INFORMATION: APY means annual percentage yield. Unless otherwise noted, (a) accounts have variable rates, meaning that the rate can change at any time at the discretion of the Tech CU Board of Directors after the account is opened; and (b)
rates are accurate as of the most recent dividend declaration date and subject to change. Certificate rates are accurate as of the effective date of this disclosure and are subject to change at any time. Call (408) 451-9111 or (800) 553-0880 for
current rates. Fees may reduce earnings on all account types that earn dividends. When a Certificate is opened, the rate is fixed for the term of the Certificate. Early withdrawal penalties apply to Certificates. Early IRA withdrawals may be subject
to tax penalty. Ask a Tech CU representative for information about federal insurance on accounts with balances in excess of $250,000.00.
Technology Credit Union accounts are federally insured to at least $250,000.00 by the National Credit Union Administration, a U.S. Government agency.