Rates

At Lexington MA Federal Credit Union, we strive to offer competitive rates on loans and savings products. If you’re unsure how much you can afford to borrow, our Loan Calculator can help you plan.

Rates are effective as of January 2, 2024. All rates are subject to change without notice.

Checking, Savings and Certificates

Account Type	Minimum Opening Balance	Minimum Dividend Balance	Dividend Rate/ APY*
Share Draft Checking	–	n/a	n/a
Regular Share Savings	$25	$100	0.08%
12-month Certificate Account	$1000	$1000	0.19%

^{* APY is Annual Percentage Yield. All share account dividends are earned on the average daily balance (unless otherwise noted) and are posted and compounded monthly. All share account rates are Variable Rates (unless otherwise noted). **Dividends on Certificates is paid on the actual balance at maturity. A penalty will be imposed for early withdrawal of funds from Certificate’s. See our Truth-In-Savings disclosure concerning dividend calculation methods and restrictions. Rates are subject to change. Not responsible for typographical errors or omissions.}

Loan Rates

Loan Type	Type & Terms	Annual Percentage Rate
Share Secured Loan	Maximum loan amount based on Savings balance.	2.4%
Personal Loan	Borrow a maximum of $10,000 for up to 48 months.	as low as 11.5%
New/Recent Vehicle Loan * (for model years 2023-2024)	Borrow up to 100% of the value of the vehicle; maximum term of 72 months.	as low as 5.4% for 24 to 72 months
Used Vehicle Loan * (for model years 2020-2022)	Borrow up to 90% of the value of the vehicle; maximum term of 72 months.	as low as 6.4% for 24 to 72 months
Used Vehicle Loan * (for model years 2017-2019)	Borrow up to 90% of the value of the vehicle; maximum term of 72 months.	as low as 7.4% for 24 to 72 months
Used Vehicle Loan * (for model years 2016 and older)	Borrow up to 90% of the value of the vehicle; maximum term of 48 months.	as low as 8.4% for 24 to 48 months

^{Optional Credit Life and Credit Disability Insurance are available at additional cost; credit insurances are not required for borrowing. Rates are subject to change. Not responsible for typographical errors or omissions.}
^{* Motorcycles, recreational vehicles, trailers, boats and equipment with issued titles shall be considered as above with vehicles with an additional 0.5% interest added to current rate.}

Unsecured Loans

Personal Loans up to $10,000.00

Fico Score Amount Available	Term	Rate
650 and above Up to $10,000.00	12/48 months	11.5%
500 to 650 Up to $5,000.00	12/48 months	12.5%
Below 499 Up to $2,500.00	12/36 months	13.9%

Visa Credit Card – Interest Rates and Interest Charges
Annual Percentage Rate	11.9% Fixed
How to Avoid Paying Interest on Purchases	25-day grace period before interest begins accumulating on your Visa purchases
For Credit Card Tips from the Federal Reserve Board	To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard/

Visa Credit Card – Fees
Annual Fee	None