Rates

Mortgages†

Whether you are looking to purchase, refinance, build a home or just looking to know how much you can qualify for, PeoplesChoice Credit Union offers a complete package of mortgage products to assist in servicing your needs. Choose from a fixed rate or adjustable rate mortgage for financing your primary owner occupied residence, second home (non-owner occupied) and/or investment property.

Please call or stop by for current rates†.

†Rates and Terms are subject to credit approval.

Secured Loans ‡†

TERMAPR*Maximum APR*
24 monthsAs low as 2.79% APRUp to 18.00% APR
36 monthsAs low as 3.19% APRUp to 18.00% APR
48 monthsAs low as 3.49% APRUp to 18.00% APR
60 monthsAs low as 3.99% APRUp to 18.00% APR
75 monthsAs low as 4.49% APRUp to 18.00% APR
‡Includes vehicle loans – (new or used). Up to 120% of NADA retail value or MSRP, based on year of vehicle, loan term and credit score. Boats, motorcycles, snowmobiles, etc inquire about our low rates. We do reserve the right to ask for a down payment. Additional terms and conditions will apply. †Rates and Terms are subject to credit approval.

Unsecured Loans†

TERMAPR*Maximum APR*
Up to 60 monthsAs low as 5.99% APRUp to 18.00% APR

†Rates and Terms are subject to credit approval.

Large Recreational Vehicles and Boats†

TERMAPR*Maximum APR*
Up to 60 monthsAs low as 5.09% APRUp to 18.00% APR

†Rates and Terms are subject to credit approval. We do reserve the right to ask for a down payment.
*The Annual Percentage Rate (APR) for all loans will be within the range disclosed and is based on individual credit score. Ask your Loan officer for the rate that you qualify for. All rates are subject to change without notice.

Share Secured Loans and Term Share Certificate Loans†

TERMAPR**
Up to 60 months for Share Secured or Term Share Certificates 2.05% above the Share Dividend Rate

†Rates and Terms are subject to credit approval.
**The Annual Percentage Rate (APR) for Share secured or Term Share Certificate secured advances will be the Dividend Rate being paid on the regular Share or Term Share Certificate being offered as security (“Index”) on the date of the advance plus 2%.

Savings and Checking Rates (Effective 11/16/20)

Savings and Checking*Minimum Balance
to Earn APY**
Dividend
Rate
APY**
Share (Savings)$25.05%.05%
Share (Savings)less than $250%0%
Money Market Checking$5,000.00.05%.05%
Money Market Checking$25,000.00.15%.15%
Money Market ***less than $2,000.10%.10%
Money Market ***$2,000.15%.15%
Money Market ***$10,000.20%.20%
Money Market ***$50,000.25%.25%
Money Market ***$200,000.30%.30%
Share Draft (Checking)$0.000%0%
Club Accounts$25.05%.05%
IRA & HSA Share$25.05%.05%
Escrow Accounts$0.001.3%1.3%

*Dividend Rates are subject to change without notice.
**Annual Percentage Yield
***Maximum of 6 withdrawals per month.
Fees could reduce APY earnings on an account.

Share Certificate Rates* (Effective 11/16/20)

$500 Minimum Balance required to earn APY**
TermDividend RateAPY**
3 Months.30%.30%
6 Months.35%

.35%

12 Months.40%

.40%

18 Months.45%

.40%

24 Months.50%

.50%

36 Months.60%

.60%
48 Months.65%

.65%

60 Months.75%

.75%

$10,000 Minimum Balance required to earn APY**
TermDividend RateAPY**
3 Months.35%

.35%

6 Months.40%

.40%

12 Months.45%

.45%

18 Months.50%

.50%

24 Months.55%

.55%

36 Months.65%

.65%

48 Months.70%

.70%

60 Months.80%

.80%

$75,000 Minimum Balance required to earn APY**
TermDividend RateAPY**
3 Months.40%

.40%

6 Months.45%

.45%

12 Months.55%

.55%

18 Months.60%

.60%

24 Months.70%

.70%

36 Months.75%

.75%

48 Months.80%

.80%

60 Months.90%

.90%

*There is a penalty for early withdrawal. Rates are subject to change without notice.
**Annual Percentage Yield
Fees could reduce APY earnings on an account.

TERM SHARE CERTIFICATES

Rate Information – The Dividend Rate and Annual Percentage Yield on your accounts, as of the last dividend declaration date, are set forth above. The annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for the term of the account. The Annual Percentage Yield is based on the assumption that dividends will remain on deposit until maturity. A withdrawal will reduce earnings.

Compounding frequency – Unless otherwise paid, dividends will be compounded every month.

Crediting frequency – Dividends will be credited to your account every month. Alternatively, you may choose to have dividends paid to you or to another account every month rather than credited to this account.

Dividend period – For this account type, the dividend period is monthly.

Balance Information – The minimum balance required to open each account is set forth above. Dividends and minimum balances are calculated using the Average Daily Balance method. The Average Daily Balance is determined by using the full amount of principal in the account for each day of the period and dividing that figure by the number of days in that period.

Average daily balance computation method – Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the month.

Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

After the account is opened, you may not make additions into the account until the maturity date stated on the account. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.

PeoplesChoice Checking with SpendShield has it all.

A FREE checking account with no monthly fees, the lowest overdraft fees in Maine, and a safety net when you need it most. With PeoplesChoice Checking, you’re guaranteed the flexibility and freedom you need to keep your cash in check. Features like free mobile banking, direct deposit, and more get you what you want, when you need it.