VEHICLE LOANS
from 3.95%APR
Home Equity LOC
as low as 4.25%
No min. advance
Rate Highlights
Glossary: Savings Terms
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- APR
- Annual Percentage Rate.
- APY
- The Annual Percentage Yield standardizes varying interest rate agreements into an annualized percentage number.
- Compound
- Interest is deposited back into the account so that interest is earned on the principal and previously earned interest.
- Escheat
- Reversion of unclaimed property to state. This may include funds in an account where no activity has occurred for 3 years (dividends do not count as activity).
- NCUA Insurance
- Deposits at SESLOC are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration, a U.S. government agency.
- Share Draft
- A check (draft) written on your credit union share draft checking account.
- Term Certificate
- In exchange for keeping the money on deposit for a specific period of time, a saver earns a higher interest rate than in an account where funds may be withdrawn on demand. Longer terms provide higher rates.
