Rates

Cornerstone Community Financial gives our members some of the most competitive rates in Metro Detroit, Toledo, Ohio and the surrounding areas, on both loans and investments. Check out our list of products and rates below.

If you have any questions, feel free to reach out to a member service representative.
 
APR = Annual Percentage Rate. APY = Annual Percentage Yield. Fees may reduce earnings. Rates effective September 30th, 2020. Dividend and loan rates subject to change at any time. 
 

Loans

Auto Loans - New & Used

Term APR
Rates^ as low as
Notes
Up to 39 Months
2.19%
Minimum Loan Amount $4,000
40 - 64 Months
2.49%
Minimum Loan Amount $7,500
65 - 75 Months
2.95% Minimum Loan Amount $10,000
76 - 84 Months
3.29% Minimum Loan Amount $15,000
65 - 75 Months*
2.70%
 Minimum Loan Amount $15,000
^ Rates are "as low as" and are based on credit score and model year of vehicle, with discounts applied for payment protection package and direct deposit to a CCF account. Other account requirements and conditions may apply. Rates are subject to change at any time. 
*Promotional rate valid for a limited time and dependent upon loan amount and model year of vehicle. Inquire for more detail.
Rates for terms greater than 75 months will be provided by request, and will be based upon the credit quality of applicant and deal being presented.
 

Home Equity Loans

Loan Type APR - Rates^ as low as
Home Equity VISA Line of Credit*
3.25%
Fixed Rate Home Equity - 5 Year Fixed**
3.74%
Fixed Rate Home Equity - 10 Year Fixed**
4.24%
Fixed Rate Home Equity - 15 Year Fixed**
4.54%

^ Rates are "as low as" and are based on credit score, property value, lien position and other account requirements. Rates are subject to change at any time. Please consult with a CCF Home Equity Representative.

*Direct deposit & new checking account required.

**Direct deposit & new checking account required. First lien position only. 

This Rate Schedule sets forth certain conditions and rates applicable to your accounts at the Credit Union at this time. The Credit Union may offer other rates or amend the rates contained in this schedule at any time.

Please call 800-777-6728 for any further rate questions.

Cornerstone Community Financial is an equal housing lender.

 

Leisure Vehicles 

Term APR - Rates^ as low as Notes
24 - 39 Months
4.29%
Minimum Loan Amount $4,000
40 - 64 Months
4.79% Minimum Loan Amount $7,500
65 - 75 Months
5.49% Minimum Loan Amount $10,000
76 - 84 Months
5.99%
Minimum Loan Amount $15,000
86 - 120 Months 4.04%
Minimum Loan Amount $40,000
121 - 180 Months 4.49%
Minimum Loan Amount $75,000

Terms of 84 months or greater are subject to current and last year models only, with minimum loan amounts of $25,000. Rates for terms greater than 84 months will be provided by request, and will be based upon the credit quality of applicant and deal being presented.

^ Rates are "as low as" and are based on credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time.

 

Additional Loan Products

Loan Type Term APR - Rates^ as low as Minimum Loan Amount
Personal/Unsecured
12-35 months
6.99% N/A
Personal/Unsecured
36-60 months
8.99%
N/A

^ Rates are "as low as" and are based on credit score. Rates are subject to change at any time. Other account requirements and conditions may apply.

 

Visa Card Programs

Product APR - Rates^ as low as Monthly Periodic Rate Annual Fee
VISA Platinum 10.00%
0.83%
None
VISA Platinum 14.88%
1.24%
None
VISA Secured 14.88%
1.24%
None

^ Rates are "as low as" and are based on credit score.

All cards:

  • Grace period: 20 days from statement close on new purchases only.
  • Late fee: $25.00
  • Balance computation method: Average daily balance including new purchases 
 

Accounts

Rewards Checking

Balance Dividend Rate APY*
$0 - $15,000 2.00% 2.02%
$15,000+ 0.05% 0.05%
All balances if qualifications not met 0.02% 0.02% 
To earn rewards, just do the following during the monthly statement cycle:
  • Have at least 12 debit card transactions post and settle (PIN transactions not included; you must select credit and sign for your transaction)
  • Enroll in and receive eStatements
  • Log in to home banking or mobile once per cycle
  • If you don't meet the qualifications on any given cycle, no problem. The account is still free and earns the base dividend rate. You can get back to earning rewards the very next month that you meet qualifications.
*APY=Annual Percentage Yield. Rates may change after account is opened. Minimum to open is $100. If qualifications are met each monthly statement cycle: (1) Balances up to $15,000 receive APY of 2.02%; and (2) balances over $15,000 earn 0.05% interest rate on portion of balance over $15,000. If qualifications are not met, all balances earn 0.02% APY. Qualifying transactions must post to and settle account during monthly statement cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. Statement cycles begin on the first day of the month and end on the last day of the month. Monthly direct deposit required to have this account. Limit one account per SSN.
 

CORE Rewards Checking

Balance Dividend Rate APY*
$0 - $15,000 2.00% 2.02%
$15,000+ 0.05% 0.05%
All balances if qualifications not met 0.02% 0.02%
 
To earn rewards, just do the following during the monthly statement cycle:
  • Have at least 12 debit card transactions post and settle (PIN transactions not included; you must select credit and sign for your transaction)
  • Enroll in and receive eStatements
  • Log in to home banking or mobile once per cycle
If you don't meet the qualifications on any given cycle, no problem. The account is still free and earns the base dividend rate. You can get back to earning rewards the very next month that you meet qualifications.
 
*APY=Annual Percentage Yield. Rates may change after account is opened. Minimum to open is $100. If qualifications are met each monthly statement cycle: (1) Balances up to $15,000 receive APY of 2.02%; and (2) balances over $15,000 earn 0.05% interest rate on portion of balance over $15,000. If qualifications are not met, all balances earn 0.02% APY. Qualifying transactions must post to and settle account during monthly statement cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. Statement cycles begin on the first day of the month and end on the last day of the month. Limit one account per SSN.
 

Deluxe Business Checking

Minimum Balance Dividend Rate APY
$5,000 0.10% 0.10%
Minimum balance of $5000 required to earn dividends. Dividends paid monthly.
 

Business Analysis Checking

Minimum Balance Dividend Rate APY
$2,500 - $7,499 0.10% 0.10%
$7,500 - $12,499 0.15% 0.15%
$12,500+ 0.20% 0.20%
Minimum balance of $2,500 required to earn dividends. Dividends paid monthly.
 

Savings Accounts

Account Minimum Required
Opening Deposit
Dividend Rate APY
Regular Savings $10 0.10% 0.10%
Rainy Day Savings None 0.10% 0.10%
Round-Up Rewards Savings None 0.10% 0.10%
Holiday Share Savings None 0.10% 0.10%
Minimum balance of $50 required to earn dividends. Dividends paid quarterly.
 

Money Market

Minimum Balance  Dividend Rate APY
$0 - $7,499 0.10% 0.10%
$7,500 - $12,499 0.10% 0.10%
$12,500 - $24,999 0.15% 0.15%
$25,000 - $39,999 0.20% 0.20%
$40,000 - $99,999 0.25% 0.25%
$100,000 - $249,999 0.30% 0.30%
$250,000 - $499,000 0.40% 0.40%
$500,000+ 0.45% 0.45%
Minimum balance of $50 required to earn dividends. Dividends paid monthly.
 

Step-Up Certificate

Term Minimum Balance Dividend Rate APY
First 6 months $1,000 0.35% 0.35%
Second 6 months $1,000 0.55% 0.55%
Third 6 months $1,000 0.65% 0.65%
Fourth 6 month $1,000 0.75% 0.75%
24-month certificate with rate bumps every 6 months. Dividends paid at maturity. Penalty may apply for early withdrawal.
 

Share Certificates

Term Minimum Balance Dividend Rate APY
6 months $1,000 0.30% 0.30%
12 months $1,000 0.50% 0.50%
18 months $1,000 0.60% 0.60%
24 months $1,000 0.65% 0.65%
36 months $1,000 0.90% 0.90%
48 months $1,000 1.05%
1.05%
60 months $1,000 1.20%
1.20%
Dividends paid quarterly. 6 Month Certificate dividends paid at maturity. Penalties may apply for early withdrawal.

Individual Retirement Account (IRA)

Term Minimum Balance
Dividend
Rate
APY
12 months $500 0.50% 0.50%
18 months $500 0.60%
0.60%
24 months $500 0.65% 0.65%
36 months $500 0.90% 0.90%
48 months $500 1.05% 1.05%
60 months $500 1.20% 1.20%
IRA Share* $10 0.20% 0.20%

*Minimum balance of $50 required to earn dividends. Applies to Traditional, Roth and Education IRAs. Dividends paid quarterly. Penalties may apply for early withdrawal. 

 

Jumbo Certificates

Term Minimum Balance
Dividend
Rate
APY
12 months $50,000 0.55% 0.55%
18 months $50,000 0.65% 0.65%
24 months $50,000 0.70% 0.70%
36 months $50,000 0.95% 0.95%
48 months $50,000 1.10% 1.10%
60 months $50,000 1.25% 1.26%
Penalties may apply for early withdrawal. Dividends paid quarterly.
 

Jumbo IRA Certificates

Term Minimum Balance
Dividend
Rate
APY
12 months $50,000 0.55% 0.55%
18 months $50,000 0.65% 0.65%
24 months $50,000 0.70% 0.70%
36 months $50,000 0.95% 0.95%
48 months $50,000 1.10% 1.10%
60 months $50,000 1.25% 1.26%
Penalties may apply for early withdrawal. Dividends paid quarterly.


Youth Certificates

Term Minimum Balance Dividend 
Rate
APY
6 months $250 0.30% 0.30%
12 months $250 0.50% 0.50%
18 months $250 0.60% 0.60%
Penalties may apply for early withdrawal. Dividends paid quarterly. 6 Month Certificate dividends paid at maturity.