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Rates

Share Certificate Rates

Effective  November 7, 2018

*IRA Certificate Available 1 – 5 years

The terms Rate and Yield refer to Annual Percentage Rate and Annual Percentage Yield (APR/APY)
Rates are subject to change without notice

Early withdrawal penalties may apply. Disclosures with details available upon request and at certificate opening.

Member Share Rates

Effective November 1, 2018

Type Terms Rate Yield Minimum Deposit
Youth Shares ** *** Balances >$50 .10% .10%
Money Market* Balances Starting at $2499 0.40% 0.40% $2500
Money Market* Balances $25,000 - $49,999 0.60% 0.60% $2500
Money Market* Balances $50,000 - $99,999 1.00% 1.00% $2500
Money Market* Balances $100,000 - $249,999 1.49% 1.50% $2500
Money Market* Balances $250,000 - $499,999 1.59% 1.60% $2500
Money Market* Balances $500,000+ 1.69% 1.70% $2500
Holiday Club* Balances > $50 0.10% 0.10% $0
Vacation Club* Balances > $50 0.10% 0.10% $0
Share 01** *** Balances > $50 0.10% 0.10%
IRA Shares** *** Balances > $50 0.10% 0.10% $0
Share Draft/Checking** *** Balances > $2,5000.00 0.05% 0.05% $0
Business Draft Balances > $5000

*Monthly Dividends
**Quarterly dividends

The terms Rate and Yield refer to Annual Percentage Rate and Annual Percentage Yield (APR/APY)
***Rates are determined by the board of directors at the time dividends are paid. The rates represent the rate as of the last dividend period paid to members (historical).

Rates are subject to change without notice

Loan Rates

Term Rate
Signature Line of Credit (as low as) 10.75% * **
Signature Loan (as low as) 10.25% * **
Auto Loans As Low As 2.40%**

* APR = Annual Percentage Rate. Rate based on creditworthiness, amount financed and includes .25% discount for auto loan payment from LOMTO FCU checking account.

**Rates subject to change without notice. Contact the Credit Union office for details.

Savings

Type Minimum Deposit Minimum Balance To Earn Interest Rate APY*
Regular Savings $1 $50 .10% .10%
Youth Savings $1
Business Share $1 $50
Secondary Savings $0 $50 0.10% 0.10%

Traditional and Roth IRA

Term Minimum Deposit Rate APY*
3 Months** $1000 0.40% 0.40%
6 Months** $1000 1.00% 1.00%
12 Months** $1000 2.08% 2.10%
18 Months** $1000 2.27% 2.30%
24 Months** $1000 2.32% 2.35%
30 Months** $1000 2.96% 3.00%
36 Months** $1000 2.37% 2.40%
48 Months** $1000 2.47% 2.50%
60 Months** $1000 2.71% 2.75%
Money Market $2500 0.40% 0.40%

Jumbo Certificates

Term Minimum Balance Rate Yield
1 Month* $100,000 0.30% 0.30%
2 Month* $100,000 0.30% 0.30%
3 Month* $100,000 0.40% 0.40%
6 Month* $100,000 1.00% 1.00%
12 Month* $100,000 2.08% 2.10%

All rates and terms are subject to change without notice.
* APY: Annual Percentage Yield
** A penalty may be imposed for early withdrawals.

Coverdell Education Savings Accounts**

Term Minimum Balance Rate Yield*
3 Month Certificate $1000 0.40% 0.40%
6 Month Certificate $1000 1.00% 1.00%
12 Month Certificate $1000 2.08% 2.10%
18 Month Certificate $1000 2.27% 2.30%
24 Month Certificate $1000 2.37% 2.40%
30 Month Certificate $1000 2.96% 3.00%
36 Month Certificate $1000 2.37% 2.40%
48 Month Certificate $1000 2.57% 2.60%
60 Month Certificate $1000 2.71% 2.75%