Rates & Fees
Dividend Rates
Rates & Fees
At LES People’s FCU, we offer financial products designed to support our members’ goals. Review our current published savings rates, loan APRs, and account fees below.
Rates are subject to change. Please contact us for the most up-to-date rate information and product terms.
Mortgage Rates
Looking for a home loan? Contact LES People’s FCU for our current mortgage rate sheet and information about available loan options.
Mortgage rates and terms depend on the loan product and borrower qualifications. Contact us for current rates and eligibility requirements.
lespfcu@lespfcu.org | (212) 529-8197
↑ Back to Rates NavigationAuto Loan Rates
Explore financing for new and used vehicles with competitive rates and flexible terms.
| Loan Type | APR | Maximum Term | Financing |
|---|---|---|---|
| New Auto Loan | As low as 6.25% APR* | Up to 84 months | Up to 100% |
| Used Auto Loan | As low as 6.75% APR* | Up to 72 months | Up to 100% |
*APR = Annual Percentage Rate. Rates are based on creditworthiness and loan term. Rates are subject to change at any time and are not guaranteed. Approval is subject to credit qualifications.
↑ Back to Rates NavigationCredit Card Rates
| Credit Card Product | APR |
|---|---|
| Mastercard Credit Card | As low as 12.50% APR* |
| Secured Credit Card | As low as 12.50% APR* |
*APR = Annual Percentage Rate. Rates are subject to approval based on credit score and may change. The rate offered depends on the member’s credit qualifications.
↑ Back to Rates NavigationPersonal Loans & Lines of Credit
| Loan Product | APR | Term / Details |
|---|---|---|
| Personal Loan | As low as 10.49% APR* | Up to 60 months |
| Overdraft Protection Line of Credit (OP-LOC) | As low as 11.24% APR* | Program depends on credit history and credit score |
| Personal Line of Credit (P-LOC) — Unsecured | As low as 8.24% APR* | Daily periodic rate is calculated by dividing APR by 365 |
| Personal Line of Credit (P-LOC) — Secured | Contact us for current rate | Requires a pledge equal to 100% of the credit limit in a regular share account |
| Secured and SUSU Loans | 4.00% APR* | Up to 60 months |
*APR = Annual Percentage Rate. Rates are based on creditworthiness and loan term, are subject to change, and are not guaranteed. Approval is subject to credit qualifications.
↑ Back to Rates NavigationSavings & Deposit Rates
Compare dividend rates, minimum balances, and account details for our savings and deposit products.
| Account Type | Dividend Rate / APY | Initial Deposit | Minimum Balance | Monthly Fee |
|---|---|---|---|---|
| Share Savings | 0% — does not earn dividends | $25.00 | $75.00 | No monthly fee if minimum balance is maintained; otherwise $3.00 |
| Share Draft (Checking) | 0% — does not earn dividends | $25.00 | None | No monthly fee |
| Money Market | 0.50% APY | $25.00 | $1,000.00 | No monthly fee if minimum balance is maintained; otherwise $10.00 |
| Share Certificates — 6 months | 2.75% - 3.00% APY | $500.00 | Entire deposit | Under $100,000: 2.75% - Over $100,000: 3.00%. Payment: At maturity. Early withdrawal penalty: 90 days.No monthly fee |
| Share Certificates — 12 months | 3.00% - 3.25% APY | $500.00 | Entire deposit | Under $100,000: 3.00% - Over $100,000: 3.25%. Payment: At maturity. Early withdrawal penalty: 120 days.No monthly fee |
| Share Certificates — 24 months | 3.25% - 3.50% APY | $500.00 | Entire deposit | Under $100,000: 3.25% - Over $100,000: 3.50%. Payment: At maturity. Early withdrawal penalty: 150 days. No monthly fee |
| Share Certificates — 36 months | 3.50% - 3.75% APY | $500.00 | Entire deposit | Under $100,000: 3.50% - Over $100,000: 3.75%. Payment: At maturity. Early withdrawal penalty: 180 days. No monthly fee |
| Holiday Account | 1.00% APY | $15.00 | $15.00 | No monthly fee |
Important Savings Account Details
- Share Savings and Checking: Members may deposit, withdraw, or close the account at any time.
- Money Market: Limited to six withdrawals per month. A $15.00 penalty applies after the limit.
- Share Certificates: Fixed terms of 6, 12, 24, or 36 months.
- Holiday Account: Fixed 12-month account cycle running from November through October.
APY = Annual Percentage Yield. All dividends are determined by the Board of Directors. Rates have been updated on the published rate page but remain subject to change. Contact the credit union for the latest information.
↑ Back to Rates NavigationBusiness Rates
| Business Loan Product | Rate / Terms |
|---|---|
| SBA Express Small Business Loan | Fixed for the life of the loan; rates follow SBA loan interest rate guidelines. |
| Small Business Loan (Non-SBA) | Fixed for the life of the loan; rates range from 11.99% to 16.99%, depending on borrower qualifications. |
| Business Line of Credit (SBA and Non-SBA) | Rates adjust quarterly. Initial rates range from Prime + 4% to Prime + 12%, depending on borrower qualifications. |
| Business Overdraft Protection Line of Credit | Rates range from Prime + 4.49% to Prime + 9.50%, depending on the applicant’s credit score. |
| Start-Up Business Loan | Fixed for the life of the loan; rates range from 11.99% to 16.99%. |
| Fully Secured Business Loan | 4.99% interest rate when secured by a cash collateral deposit equal to 100% of the loan amount. |
| Half-Secured Business Loan | 7.99% interest rate when secured by a cash collateral deposit equal to 50% of the loan amount. |
| Secured Business Loan — Other | Fixed for the life of the loan. Contact a Business Representative for applicable terms. |
Business loan rates and qualifications vary by product. The published page states that the annual interest rate on these loans will not exceed 18%.
Business Loan Questions?
Contact a Business Representative for current rates, terms, and eligibility requirements.
Phone: (212) 529-8197 ext. 0152
Email: lending@lespfcu.org
Account Fees
Share Account (Savings)
| Service | Fee / Requirement |
|---|---|
| Minimum Balance to Open an Account | $25.00 |
| Account Servicing Fee (charged annually on July 31) | $5.00 |
| Minimum Balance to Avoid Maintenance Fee | $75.00 |
| Monthly Maintenance Fee when combined minimum balance in accounts is less than $75.00 | $3.00 |
| Account Closing Fee (if account is open for less than 12 months) | $15.00 |
| Youth Savings Account Minimum Deposit | $1.00 |
The published fee schedule states that the $3.00 monthly maintenance fee does not apply to members younger than 18 or older than 65.
Business and Non-Profit Accounts
| Service | Fee / Limit |
|---|---|
| Minimum Balance to Open a Share Savings Account | $25.00 |
| Account Servicing Fee (charged annually on July 31) | $5.00 |
| Share Draft Business and Non-Profit Minimum Initial Deposit | $50.00 |
| Monthly Maintenance Fee when combined minimum balance in accounts is less than $75.00 | $3.00 |
| Debit Card Cash Withdrawal Limit | $1,000.00 per day |
| Debit POS Transaction (signature-based) Limit | $5,000.00 per day |
| Youth Savings Account Minimum Deposit | $1.00 |
The published fee schedule states that the $3.00 monthly maintenance fee does not apply to members younger than 18 or older than 65. Please contact the credit union to confirm which fees and limits apply to each account type.
↑ Back to Rates NavigationQuestions About Our Rates & Fees?
Our team is here to help you understand your options and find the information you need.
Phone: (212) 529-8197
Email: lespfcu@lespfcu.org
Loan APRs and savings APYs are different measures. APR refers to the annual percentage rate charged on credit, while APY reflects the annual percentage yield earned on deposits. Rates, fees, and terms are subject to change. Loan approval and offered rates depend on applicable qualifications. Please contact LES People’s FCU for the current rate sheet and complete product disclosures.