Rates

Relationship Checking¹

Interest Tier Levels APY2 Interest Rate
$10,000.00 - $49,999.99 .05% .05%
$50,000.00 - $99,999.99 .05% .05%
$100,000.00 and over .10% .10%

Deposit rates are effective as of July 30, 2021 and are subject to change.

DEPOSITS INSURED BY THE FDIC.

1 Fees may reduce earnings on these accounts. Variable rate accounts – rates may change after the account is opened.

2 Annual Percentage Yield

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Statement Savings¹

APY2 Interest Rate Min. Balance to earn interest
.05% .05% $100.00

Deposit rates are effective as of July 30, 2021 and are subject to change.

DEPOSITS INSURED BY THE FDIC.

¹ Fees may reduce earnings on these accounts. Variable rate accounts – rates may change after account is opened.

² APY – Annual Percentage Yield

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Premium Savings Account¹

INTEREST TIER LEVELS APY2 INTEREST RATE
$100 - $9,999.99 .05% 0.05%
$10,000 and over 0.15% 0.15%

Deposit rates are effective as of July 30, 2021 and are subject to change.

DEPOSITS INSURED BY THE FDIC.

¹ Available through Online account opening only.  New money only.  New money is defined as funds not currently on deposit with ESSA.  Transfers from existing ESSA accounts not allowed.  Fees may reduce earnings. Variable rate account – rate may change after account is open. Minimum balance $100.

² APY – Annual Percentage Yield

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Money Market

INTEREST TIER LEVELS APY2 INTEREST RATE
$2,500 to $9,999.991 .05% 0.05%
$10,000 to $24,999.991 .05% .05%
$25,000 to $49,999.991 .05% .05%
$50,000 to $99,999.991 .10% .10%
$100,000 to $249,999.99 1 .10% .10%
$250,000 to 499,999.991 .15% .15%
$500,000 to $999,999.9911 .15% .15%
$1,000,000.00 and over1 .15% .15%

Deposit rates are effective as of July 30, 2021 and are subject to change.

DEPOSITS INSURED BY THE FDIC.

¹ Fees may reduce earnings. Variable rate account – rate may change after account is open. Minimum balance $2,500.

² APY – Annual Percentage Yield

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Certificate of Deposit

CD Term APY1 Interest Rate Minimum Balance
30 - Day Term .05% .05% $10,000.00
90 - Day Term .05% .05% $1,000.00
182 - Day Term .05% .05% $1,000.00
12 - Month Term2 .10% .10% $1,000.00
12 - Month Step-Up CD2 .05% .05% $1,000.00
18 - Month Term 2 .10% .10% $1,000.00
24 - Month Term 2 .15% .15% $1,000.00
24 - Month Step-Up CD2 .10% .10% $1,000.00
30 - Month Term2 .20% .20% $1,000.00
36 - Month Term2 .20% .20% $1,000.00
36 - Month Step-Up CD2 .15 % .15% $1,000.00
48 - Month Term2 .30% .30% $1,000.00
60 - Month Term2 .30% .30% $1,000.00

Deposit rates are effective as of July 30, 2021 and are subject to change.

IRA Certificates of Deposit are available in terms of 12 to 60 months only and offer the same rates as ESSA’s regular CDs but have a $250.00 minimum deposit.

DEPOSITS INSURED BY THE FDIC.

All rates are subject to change and are stated as of the date listed above. If you would like current rate information, please call any ESSA office.

Substantial interest penalty may be required for early withdrawal on certificates of deposit.


¹ APY- Annual Percentage Yield.

² APY is based on Quarterly Compounding.

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Business Checking/Savings Accounts

Product Type APY2 Interest Rate Minimum Balance
Business Plus Checking1 .05% .05% $1,000.00
Statement Savings3 .05% .05% $100.00

Deposit rates are effective as of July 30, 2021 and are subject to change.

DEPOSITS INSURED BY THE FDIC.


¹ Interest paid on collected balance

² APY – Annual Percentage Yield

³ Fess may reduce earning on these accounts. Variable rate accounts- rates may change after account is opened.

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Business Money Market

INTEREST TIER LEVELS APY2 INTEREST RATE
$10,000 to $24,999.991 .05% .05%
$25,000 to $99,999.991 .05% .05%
$100,000 to $499,999.991 .15% .15%
$500,000 and over 1 .15% .15%

Deposit rates are effective as of July 30, 2021 and are subject to change.

DEPOSITS INSURED BY THE FDIC.


¹ Fees may reduce earnings. Variable rate account – rate may change after account is open. Minimum balance $10,000.

² APY – Annual Percentage Yield

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Auto Loan Rates

Year APR1 Term
New 2020 - 2021 Models 3.50% Up to 72 Months
Used 2016 - 2020 Models 4.00% Up to 60 Months

Auto Loan rate are effective as of July 30, 2021 and are subject to change.

The rate shown is indicative of the rate for a qualified borrower buying a new car, a 720+ credit score, 80% or less LTV, and electing to have payments automatically deducted from their ESSA checking account. Rates will differ among borrowers based upon various factors, including the borrower’s credit score, the age of the car, and the amount of the down payment.

¹ Annual Percentage Rate

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Unsecured Personal Loans

Min/Max Line APR1 Term
$2,500 - $50,000 8.10% 12-36 Months

Personal Loan rates are effective as of July 30, 2021 and are subject to change.

The rates shown are indicative of rates for a qualified borrower with a 720+ credit score who is electing to have payments automatically deducted from their ESSA checking account and is not providing collateral. Rates and terms will differ among borrowers based upon their credit score and other factors.

¹ Annual Percentage Rate

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Unsecured Personal Lines of Credit

Min/Max Line APR2 Term
$2,500-$40,000 Prime + 3%1 Required Payments Based on 60 Month Term

Personal Line of Credit rates are effective as of July 30, 2021 and are subject to change.

The rate shown is indicative of a qualified borrower with a 740 credit score. Rates and terms will differ among borrowers based upon their credit score and other factors.

¹ The rates stated above are variable rates and adjust monthly based on the Prime Rate published in The Wall Street Journal. Unsecured Lines of Credit will have a maximum rate of 18.00% APR. After the first year, an annual maintenance fee of $15.00 is billed in the anniversary month.

² Annual Percentage Rate

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