Current Interest Rates | Elements Federal Credit Union | Elements Financial

Rates

 As your financial wellness providers, Elements Financial wants to do everything in our power to set you up for financial success. Whether you’re shopping around for good auto loan rates, mortgage rates, or savings account rates, you’ll discover that we offer some of the best in the nation.

 If you’d like to save money on your loans and earn money on your savings, contact us about opening an account today.


You may review current rates using the following services:

Savings Rate Line: (317) 276-RATE
Mortgage Rate Line: (800) 561-9433
Loan Rate Line: (317) 276-2105, option 1

View current international currency exchange rates.
Currency rates are not applicable for wire transfers.

Download Disclosures for Checking & Savings Accounts.
Terms & Conditions, Funds Availability, Electronic Funds Transfers and Truth-In-Savings

Rates effective as of October 3, 2016, and may change after account opening without notice. You must maintain a minimum average daily balance of $100 to earn a dividend. Fees may reduce earnings.

Savings Account Rates

Premium Money Market Account Dividend Rate Annual Percentage Yield
$100 - $2,499 0.05% 0.05%
$2,500 - $9,999 0.10% 0.10%
$10,000 - $24,999 0.15% 0.15%
$25,000 - $49,999 0.21% 0.21%
$50,000 - $99,999 0.31% 0.31%
$100,000 - $249,999 0.40% 0.40%
$250,000 and Above 0.45% 0.45%

Helium Savings Dividend Rate Annual Percentage Yield
Balances $10,000 and Above* 0.55% 0.55%

Member Savings Dividend Rate Annual Percentage Yield
$100 - $24,999 0.10% 0.10%
$25,000 - $49,999 0.15% 0.15%
$50,000 and Above 0.20% 0.20%

The Grow Account Dividend Rate Annual Percentage Yield
All Balances** 0.25% 0.25%

Health Savings Account (HSA) Dividend Rate Annual Percentage Yield
$100 - $2,499 0.25% 0.25%
$2,500 - $9,999 0.50% 0.50%
$10,000 - $24,999 1.00% 1.00%
$25,000 and Above 1.00% 1.00%

*Average daily balance of $10,000 required to earn dividends with the Helium Savings account.

**You must maintain a minimum average daily balance of $100 to earn a dividend. If you maintain a minimum average daily balance of $500 for a quarter in The Grow Account, you will receive a bonus dividend on your average daily balance for that period of time. The bonus dividend will be the rate in effect for your account at the end of the quarter and will be paid at the end of the quarter. Quarters are defined as Jan–Mar; Apr–June; July–Sept; Oct–Dec.

Checking Account Rates

Checking Accounts Dividend Rate Annual Percentage Yield
High Interest Checking
$100 - $20,000* (Tier One)
1.98% 2.00%
High Interest Checking
portion of balance > $20,000* (Tier Two)
0.10% 0.10%
High Interest Checking
non-qualifying rate
0.05% 0.05%

*Must meet account transaction requirements per Business Cycle to receive dividend. See Truth in Savings Disclosures for details. Rates subject to change without notice. Fees may reduce earnings.

$100 minimum average daily balance required to earn dividends.

Certificate, IRA & ESA Rates

Certificate Term Dividend Rate Annual Percentage Yield
6-Month 0.26% 0.26%
1-Year 0.35% 0.36%
18-Month 0.40% 0.41%
2-Year 0.50% 0.51%
3-Year 0.75% 0.76%
4-Year 0.99% 1.01%
5-Year 1.96% 2.01%
7-Year 2.05% 2.10%
10-Year 2.20% 2.25%

Rate Climber Certificate Dividend Rate Annual Percentage Yield
34-Month 1.47% 1.50%
54-Month 1.95% 2.00%

Minimum certificate deposit of $1,000.00. Minimum required to open a child's certificate is $500.00. Child must be under 18 years of age. A penalty will be imposed for withdrawal before maturity. Rate Climber Certificate may not be used as collateral for a Hold Certificate Loan.

IRA/ESA Money Market Savings Dividend Rate Annual Percentage Yield
All Balances 0.21% 0.21%

Rates effective as of June 1, 2016 and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates.

Apply online for a Vehicle or Consumer loan now!

Vehicle Loan Rates

Vehicle Loans Rate APR Payment
New and Used Auto (2013+)* 2.44% 2.689% $549.93
Marine & RV (2010+)** 4.49% 4.597% $260.27
Motorcycle & ATV (2010+)*** 5.99% 6.197% $485.62

A $125 processing fee applies to all Auto, Motorcycle, ATV, Marine, and RV Loan applications. Not all applicants will qualify for the lowest rate. Additional conditions may apply. Subject to approval.  /  *New and Used Autos 2013 or newer  —  APR calculation based on loan amount of $25,000, FICO score of 740 or greater, and term of 48 months, with a monthly payment of $549.93. Rate includes 0.25% deduction for automated payments. Please call for auto loan rate information between 2006–2012. **Marine and RVs 2010 or newer  —  APR calculation based on loan amount of $25,000, FICO score of 740 or greater, and term of 120 months, with a monthly payment of $260.27. Rate includes 0.25% deduction for automated payments. ***Motorcycle and ATVs 2010 or newer  —  APR calculation based on loan amount of $25,000, FICO score of 740 or greater, and term of 60 months, with a monthly payment of $485.62. Rate includes 0.25% deduction for automated payments.

Credit Card Introductory Rates

Credit Cards Introductory APR1
on Balance Transfers2
Introductory APR
on Purchases3
After Introductory Period
Elements Platinum
Visa Credit Card
0% for 6 months
No Balance Transfer fee
0% for 6 months Variable APR will be 9.24% for Purchases and Balance Transfers
Elements Cash Rewards
Visa Credit Card
0% for 6 months
No Balance Transfer fee
0% for 6 months Variable APR will be 13.24% for Purchases and Balance Transfers
Elements Signature Rewards
Visa Credit Card
0% for 6 months
No Balance Transfer fee
0% for 6 months Variable APR will be 11.24% for Purchases and Balance Transfers
Riley Children's Foundation
Visa Credit Card
0% for 6 months
1% Balance Transfer fee
0% for 6 months Variable APR will be 9.24% for Purchases and Balance Transfers
Elements Secured
Visa Credit Card
--- --- No Intro Period. Standard variable APR of 13.24% for Purchases and Balance Transfers.

Elements Visa Credit Card introductory rate good for six months. 1) Annual Percentage Rate. 2) Elements Financial loans are not eligible for payoff with introductory balance transfer offers. Subject to credit approval. Additional limitations, terms and conditions apply. 3) After promotional period your Standard variable APR for Purchases and Balance Transfers will be 13.24% for Platinum Rewards Visa; 9.24% for Platinum Visa; 11.24% for Signature Rewards Visa; and 9.24% for Riley Children's Foundation Visa. APR will vary with the market based on the Prime Rate as published in The Wall Street Journal.

Platinum and Cash Rewards Visa Credit Card Transaction Fees
Credit Card Balance Transfer: None
Credit Card ATM Cash Advance: Up to 3% for each ATM Cash Advance or a minimum of $5.00
Credit Card Over the Counter Cash Advance: Up to 3% for each Over the Counter Cash Advance or a minimum of $5.00
Credit Card Cash Equivalent: Up to 3% for each Cash Equivalent transaction or a minimum of $5.00
Credit Card Foreign Transaction: 1% of each Foreign Transaction in U.S. dollars.

Signature Rewards Visa Credit Card Transaction Fees
Credit Card Balance Transfer: None
Credit Card ATM Cash Advance: Up to 3% for each ATM Cash Advance or a minimum of $5.00
Credit Card Over the Counter Cash Advance: Up to 3% for each Over the Counter Cash Advance or a minimum of $5.00
Credit Card Cash Equivalent: Up to 3% for each Cash Equivalent transaction or a minimum of $5.00

Riley Children's Foundation Visa Credit Card Transaction Fees
Credit Card Balance Transfer: 1% or a minimum of $5.00
Credit Card ATM Cash Advance: Up to 3% for each ATM Cash Advance or a minimum of $5.00
Credit Card Over the Counter Cash Advance: Up to 3% for each Over the Counter Cash Advance or a minimum of $5.00
Credit Card Cash Equivalent: Up to 3% for each Cash Equivalent transaction or a minimum of $5.00
Credit Card Foreign Transaction: 1% of each Foreign Transaction in U.S. dollars.

Secured Visa Credit Card Transaction Fees
Credit Card Balance Transfer: 3% or a minimum of $5.00
Credit Card ATM Cash Advance: Up to 3% for each ATM Cash Advance or a minimum of $5.00
Credit Card Over the Counter Cash Advance: Up to 3% for each Over the Counter Cash Advance or a minimum of $5.00
Credit Card Cash Equivalent: Up to 3% for each Cash Equivalent transaction or a minimum of $5.00
Credit Card Foreign Transaction: 1% of each Foreign Transaction in U.S. dollars.

Other Loan Rates

Other Loans Variable APR Fixed APR
EZ Line of Credit 11.49% -
Credit Builder Loan - 8.49%
Signature Loan - 8.49%
K-12 Tuition Assistance Loan - 7.99%
Hold Certificate Loan see below see below
Stock Secured LOC/Loan Prime Rate -

EZ Line of Credit Annual Percentage Rate (APR) is a variable interest rate set at the discretion of the credit union and can change after the loan is made. The APR will never be greater than 18% or the maximum rate allowed by law, whichever is less.

Hold Certificate Loan Annual Percentage Rate is a fixed rate priced 2% (200 basis points) higher than the current Annual Simple Dividend you are earning on the Share Certificate you offer to use as collateral for this loan. Loans booked prior to May 1, 2006 are a variable rate that may change monthly, as shown on your statement.

Stock Secured LOC/Loan collateral value will be determined by LPL Financial derived from the previous day's closing price of the security. Elements will lend up to 70% of the value of any security held in an LPL Collateralized Loan Account, except for the purpose of purchase or carrying securities, which the maximum loan to value will be 50% as in accordance to Regulation U. While this exception is important, it's rarely the reason that a member would request a stock loan. Currently our stock loan minimum is $5,000. The interest rate shall be a variable rate equal to the Prime Rate as published in The Wall Street Journal on the last day of the previous month plus or minus a "margin" rounded to the nearest 0.25%.

Rates effective as of December 07, 2016. 

Mortgage Rates

Payments shown do not include taxes and insurance premiums. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates.

Apply online at our Mortgage Center now!

Fixed Rate Mortgages Rate Points APR Payment
30 Year Fixed 4.250% 0.000 4.336% $737.91
20 Year Fixed 3.875% 0.000 3.992% $899.12
15 Year Fixed 3.375% 0.000 3.524% $1,063.14
10 Year Fixed 3.250% 0.000 3.465% $1,465.79
7 Year Fixed 3.125% 0.000 3.426% $1,990.46
5 Year Fixed 3.000% 0.000 3.414% $2,695.30

Adjustable Rate Mortgages Rate Points APR Payment
3/1 ARM 3.500% 0.000 3.582% $673.57
5/1 ARM 3.625% 0.000 3.708% $684.08
7/1 ARM 3.875% 0.000 3.959% $705.36
5/5 ARM 30 Year 4.000% 0.000 4.085% $716.12
5/5 ARM 15 Year 3.250% 0.000 3.398% $1,054.00

First Time Homebuyer Program Rate Points APR Payment
30 Year Fixed 4.500% 0.000 4.587% $760.03
20 Year Fixed 4.125% 0.000 4.243% $918.88
15 Year Fixed 3.625% 0.000 3.775% $1,081.56
7/1 ARM 4.375% 0.000 4.462% $748.93
5/5 ARM 4.250% 0.000 4.336% $737.91

Jumbo Program Rate Points APR Payment
Jumbo 15 Year Fixed Call for rates - - -
Jumbo 30 Year Fixed Call for rates - - -

Government Program Rate Points APR Payment
30 Year FHA Fixed 4.000% 0.000 4.085% $716.12
15 Year FHA Fixed 3.875% 0.000 4.026% $1,100.16
30 Year VA Fixed 4.000% 0.000 4.085% $716.12

Loan Quote Assumption: Rates and payments quoted above are based on loans secured by property in the state of Indiana. Rates and payments, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. Not all applicants qualify for our lowest rates.

Rates are based on a purchase transaction for a single family primary residence with a loan amount of $150,000, FICO score of 740 or greater and 30% down. Mortgage rates are subject to change without notice at any time until you have locked a loan. Actual rate and payment will vary based on your specific situation. Some products may not be available in your state. Some restrictions may apply.

Notice Regarding Adjustable Rate Mortgages: Interest is fixed for a set period of time, and adjusts periodically thereafter. At the end of the fixed rate period, the interest and monthly payments may increase but the APR will not exceed 18%.

Rates effective as of December 07, 2016. 

Home Equity Rates

Payments shown do not include taxes and insurance premiums. Rates are based on an evaluation of credit history, combined loan-to-value ratio, loan term, and occupancy, so your rate may differ. Not all applicants will qualify for the displayed lowest rates.

Apply online now!


Introductory rates as low as 0.99% APR on New Home Equity Lines of Credit for 90 days then as low as 3.75% variable APR.1

Home Equity Lines of Credit Rate Points Variable APR
Home Equity Line of Credit 3.750% 0.000 3.750%

 1) Home Equity Line of Credit: The Introductory Annual Percentage Rate (APR) of 0.99% is for new home equity line of credits only and is for the first 90 days. To receive the Introductory rate, a draw of at least $5,000 must be made within 30 days of account opening. After the introductory rate expires, balances will be charged at the variable APR based upon the Prime rate as published in The Wall Street Journal plus a margin. The APR will never be lower than 3.75% or higher than 18%. Rates vary depending upon credit history, combined loan-to-value (CLTV), and occupancy.  The stated rate applies to lines secured by credit score of 710 or greater, CLTV 80% or less, and owner-occupied single-family residences (includes townhomes, row homes, condominiums, and co-ops). Elements Financial will pay most closing costs on new applications including settlement fees, flood determination fee, title search, title insurance, and notary fees. You may be required to pay other closing costs such as government fees and recording charges, taxes, and when required, appraisal fees. These costs vary by state and property type and may range from $0 to $750. Elements Financial reserves the right to modify or end this offer at any time. Subject to credit approval.

Home Equity Closed End Loans Rate Points APR Payment
Home Equity Loan 10 Year Fixed  4.740%  0.000  4.903%  $524.00 
Home Equity Loan 15 Year Fixed  4.990%  0.000  5.104%  $395.14 

Home Equity Closed-End Loans: Annual Percentage Rates (APR) are calculated using loan amounts of $50,000, credit score of 710 or greater and combined loan-to-value of 80% for a single family residence and estimated closing costs of $538 for the 10-year and $641 for the 15-year. Closing costs: A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. The actual closing costs generally range between $500 to $1,200, depending on the location of the property, the amount of the loan and other factors. Payments: stated payments do not include hazard insurance, property taxes, or flood insurance. Your actual payment may be higher.

Tax Deductibility: Elements Financial does not offer tax advice. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms and conditions are subject to change without notice.

Rates effective as of December 07, 2016. 

Home Improvement Rates

Payments shown do not include taxes and insurance premiums. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates.

Unsecured Loans Rate APR
Fixed Rate Home Improvement Loan 6.000% 6.039%

Maximum Loan Amount of $25,000. Fees: $125 processing fee applies to all Fixed Rate Unsecured Home Improvement Loan applications.

  

Secured Loans Rate Points APR Payment
Home Improvement Loan 10 Year Fixed 6.990% 0.000 7.160% $580.28
Home Improvement Loan 15 Year Fixed 7.740% 0.000 7.864% $470.35

Home Improvement Closed-End Loans: Annual Percentage Rate (APR). Combined Loan to Value 101% to 133%. Maximum Loan Amount of $250,000. APRs above are calculated using loan amounts of $50,000, credit score of 710 or greater and loan to value of greater than 100% for a single family residence. Closing costs: A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. The actual closing costs generally range between $500 to $1,200, depending on the location of the property, the amount of the loan and other factors. Payments: stated payments do not include hazard insurance, property taxes, or flood insurance. Your actual payment may be higher.

Tax Deductibility: Elements Financial does not offer tax advice. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms and conditions are subject to change without notice.