Certificate (Savings and IRA)
Certificates & IRAs
These certificate, money market and IRA investment account rates are effective as of 01/10/2025.
| Term | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| 6 Month | 1.48% | 1.50% |
| *7 Month | 3.44% | 3.50% |
| 9 Month | 0.99% | 1.00% |
| 12 Month | 1.73% | 1.75% |
| *13 Month | 3.92% | 4.00% |
| 18 Month | 1.98% | 2.00% |
| 24 Month | 2.10% | 2.13% |
| 36 Month | 2.22% | 2.25% |
| 48 Month | 2.46% | 2.50% |
| 60 Month | 2.71% | 2.75% |
IRA Savings Account
Effective as of 01/10/2025.
| Product | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| Savings | 0.14% | 0.15% |
Disclosures
IRA/Savings Certificate
There is a $500 minimum requirement to open and a minimum balance requirement of $500 to earn the advertised annual percentage yield. A penalty will be imposed for early withdrawal. Effective fees may reduce dividend earned. See fee schedule.
IRA Savings Account
There is a $5 minimum balance requirement to open the account and that minimum balance must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See fee schedule.
APY = Annual Percentage Yield
Rate Information
The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
*APY = Annual Percentage Yield as of October 18, 2024. Special rate promotion subject to end without notice. $500 minimum requirement to open and minimum of $500 to earn the advertised APY. 7 Month IRA/Savings Certificate Specials will automatically renew to a 6-month term at maturity at the prevailing rate. 13 Month IRA/Savings Certificate Specials will automatically renew to a 12-month term at maturity at the prevailing rate. A penalty will be imposed for early withdrawal and the effective fees may reduce dividends earned. Credit Union membership required by opening a $5 share savings account. Other terms and conditions may apply.
Mortgage
Get a quote for our fixed rate, adjustable rate and jumbo mortgages.
Home Equity
Rates are effective as of 01/10/2025.
Fixed Rate Home Equity Loans (80% CLTV)
| Product/Terms | APR* | Payment Per $1,000 Borrowed |
|---|---|---|
| 5 year fixed rate | 6.625% | $19.62 (60 mo.) |
| 10 year fixed rate | 6.750% | $11.48 (120 mo.) |
| 15 year fixed rate | 7.000% | $ 8.99 (180 mo.) |
| 20 year fixed rate | 7.250% | $7.90 (240 mo.) |
Fixed-Rate Home Equity Loan
- *Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
- Borrow up to 80% of the equity in your home. Minimum loan amount $10,000, maximum loan amount $500,000.
- Available on 1–4 family owner occupied properties
- Property and casualty insurance required. Flood insurance required if property in flood zone
- Before applying, please review your eligibility for membership (must live, work or attend school in Hampden, Hampshire, Franklin or Berkshire counties in Massachusetts, and Hartford or Tolland counties in Connecticut, or have a family member with an active membership.) Membership requires a $5 deposit into a Share Savings Account and does not guarantee that you will qualify for a loan.
Fixed Rate Home Equity Loans (100% CLTV)
| Product/Terms | APR* | Payment Per $1,000 Borrowed |
|---|---|---|
| 5 year fixed rate | 7.625% | $20.10 (60 mo.) |
| 10 year fixed rate | 7.750% | $12.00 (120 mo.) |
| 15 year fixed rate | 8.000% | $9.56 (180 mo.) |
| 20 year fixed rate | 8.250% | $8.52 (240 mo.) |
Fixed-Rate Home Equity Loan
- *Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
- Borrow between 80.01% – 100% of the equity in your home. Minimum loan amount $10,000, maximum loan amount $250,000.
- Available on 1–2 family owner-occupied properties.
- Property and casualty insurance required. Flood insurance required if property in flood zone
- Before applying, please review your eligibility for membership (must live, work or attend school in Hampden, Hampshire, Franklin or Berkshire counties in Massachusetts, and Hartford or Tolland counties in Connecticut, or have a family member with an active membership.) Membership requires a $5 deposit into a Share Savings Account and does not guarantee that you will qualify for a loan.
Home Equity Line of Credit (80% CLTV)
| Product/Terms | APR* | Amortization Type / Term |
|---|---|---|
| Special Introductory Rate | 6.50% | Fixed** / 12-month |
*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
**Special Introductory Rate fixed for the first 12 months, then becomes a variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month MINUS 0.50%, not to go below 3% (floor rate). The current Prime Rate is 7.50%.
Home Equity Line of Credit (variable rate)
- Borrow up to 80% of the equity in your home. Minimum loan amount $10,000, maximum loan amount $500,000.
- Available on 1–4 family owner occupied properties
- Property and casualty insurance required. Flood insurance required if property in flood zone
- 10 Year Draw Period, 10 Year Repayment Period.
- Before applying, please review your eligibility for membership (must live, work or attend school in Hampden, Hampshire, Franklin or Berkshire counties in Massachusetts, and Hartford or Tolland counties in Connecticut, or have a family member with an active membership.) Membership requires a $5 deposit into a Share Savings Account and does not guarantee that you will qualify for a loan.
Home Equity Line of Credit (100% CLTV)
| Product/Terms | APR* | Amortization Type / Term |
|---|---|---|
| Special Introductory Rate | 7.50% | Fixed** / 12-month |
*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
**Special Introductory Rate fixed for the first 12 months, then becomes a variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month PLUS 0.50%, not to go below 4% (floor rate). The current Prime Rate is 7.50%.
Home Equity Line of Credit (variable rate)
- Borrow between to 80.01% – 100% of the equity in your home. Minimum loan amount $10,000, maximum loan amount $250,000.
- Available on 1–2 family owner-occupied properties.
- Property and casualty insurance required. Flood insurance required if property in flood zone.
- 10 Year Draw Period, 10 Year Repayment Period.
- Before applying, please review your eligibility for membership (must live, work or attend school in Hampden, Hampshire, Franklin or Berkshire counties in Massachusetts, and Hartford or Tolland counties in Connecticut, or have a family member with an active membership.) Membership requires a $5 deposit into a Share Savings Account and does not guarantee that you will qualify for a loan.
For additional information, please call 413-739-6961 or email mortgage@freedom.coop