Yes, your CD continues to earn interest while it’s used as collateral for the loan. This means you benefit from both the loan funds and the interest accumulation on your CD.
Yes, your CD continues to earn interest while it’s used as collateral for the loan. This means you benefit from both the loan funds and the interest accumulation on your CD.
The monthly payment at 8.490% APR for a term of 12 months would require payments of approximately $87.22/month, per $1,000 borrowed. APR=Annual Percentage Rate, subject to change. Rate is based on individual creditworthiness and term of the loan. The use of this calculator does not imply nor guarantee loan terms nor approval of financing.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. People Driven Credit Union does not guarantee their applicability or accuracy in regards to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Group pricing on auto, home, life & health insurance.
Love my Credit Union – Discount pricing for, Turbo Tax & SimpliSafe Home Security.
The link you clicked will take you to one of our trusted partner websites. You are leaving the People Driven CU website. The website you have selected is an external one located on another server. People Driven CU has no responsibility for any external website. It neither endorses the information, content, presentation or accuracy nor makes any warranty, express or implied regarding any external site. Thank you for visiting People Driven CU’s website.