Deposit and Loan Rates

Loan Rates

As a not-for-profit financial cooperative, Discovery can offer higher savings rates and lower loan rates.

New & Used Vehicle Loans

Terms
APR*
as low as

1.99% up to 36 month term1+

2.74% up to 60 month term1+

Home Equity Line of Credit

Terms
APR*
as low as
0.99% first six months **
3.50% thereafter

Home Equity Loans

Terms
APR*
as low as
5 year term – 3.14%1,7+
10 year term – 3.99%1,7+
15 year term – 4.25%1,7+
20 year term – 4.49%1,7+

LIFESTYLE Loans

(for cosmetic, dental, vision, orthodontics, audiology, veterinarian, fertility, adoptions, and other health-related products and procedures)

Terms
APR*
as low as
3.65%1, 3, 4

ADVENTURE Loans

(for new or used snowmobiles and ATVs)

Terms
APR*
as low as
6.50%3, 5

Boat Loans

Terms
APR*
as low as
5 year term – 5.25%3, 5

Share Secured Loans

(up to 60 months)

Terms
APR*
as low as
2.99%1

Personal Loans

Terms
APR*
as low as
Personal Loan Special  – 2.99%
Vacation/Holiday Loan  Special  – 6.99%
Personal Loan – 5 year term – 7.49%

VISA Classic Credit Card

Terms
APR*
non variable
12.99%

VISA Platinum Credit Card

Terms
APR*
 non variable
8.99%

* – APR (Annual Percentage Rate) is as of 04/01/2020 and subject to change. Actual Interest Rate will be determined based on member’s overall credit history and score. Not all members will qualify for lowest rate disclosed.
1 – Rate disclosed based on maximum Discovery Rewards discount (.25% for direct deposit; .25% for automatic payment from DFCU account).
2 – Rate based on 60 month term.
3 – Actual interest rate determined by term of loan and member’s overall credit history and score
4 – Rate based on 12 month term.
5 – Rate based on 120 month term.
6 – Rate based on new vehicle. Different rates may apply for used auto loans.
7 – Rate based on a minimum of $10,000 in new money financed and 85% loan-to-value ratio.

+/++ *APR = Annual Percentage Rate. Your rate may be higher than the lowest advertised APR. APRs are based on your loan-to-value, credit worthiness, term of loan, amount of loan, direct deposit to a Discovery FCU account and electronic payments from your Discovery FCU account. APRs are subject to change anytime without notice. Other terms and conditions apply based on the type of loan you establish.

**Home Equity Line of Credit (HELOC) – Applies to minimum line of $10,000, is subject to change without notice, and applies to a loan-to-value ratio of 80% for a primary residence located in Pennsylvania. Rates vary depending upon amount financed, credit score, lien position and collateral. Introductory rate of 0.99% APR will be in effect for six (6) billing cycles from credit line open date. After the discount rate expires, the line is subject to a Variable Rate which is based on the highest Prime Rate as published in the Money Rates Section of the Wall Street Journal in effect on the expiration of any Introductory Rate Period, and subsequently, on the last day of each month (“Index”) plus 0% (“Margin”) The index plus the Margin equals the Interest Rate. As of 04/01/2020 the Prime Rate was 3.25% APR. Property insurance is required. PA residences only. Your rate will never be lower than 3.50% APR.  All lines of credit are subject to approval and collateral evaluation. Fees and charges may apply. Additional restrictions, limitations and exclusions may apply. Please call Discovery FCU at 610-372-8010 for further details.  

New/Used Auto Loans: Refinancing of existing Discovery FCU debt is not eligible for the advertised APRs. A sample auto loan payment based on $10,000 at 1.99% APR and 36 month term is $286.40.

Home Equity Loan: A sample Fixed Home Equity Loan payment based on $10,000 at 3.14%, 85% LTV and 5 year term is $180.33.

Savings Rates

Personal Checking

Checking Account Product Average Daily Balance Dividend Rate* APY**
Basic Checking $.01 and above 0.00% 0.00%
Interest Checking $1,000.00 and above 0.15% 0.15%
Checking Account Product Average Daily Balance Dividend Rate* APY**
Business Checking $1,000.00 and above 0.15% 0.15%

Money Market

Average Daily Balance APY* APR*
$2,500.01 – $25,000.00 0.20% 0.20%
$25,000.01 – $50,000.00 0.30% 0.30%
$50,000.01 – $75,000.00 0.30% 0.30%
$75,000.01 & above 0.40% 0.40%

Certificates

Term APY* APR**
6 month*** 0.60% 0.60%
9 month *** 0.65% 0.65%
12 month*** 0.70% 0.69%
18 month*** 0.75% 0.74%
24 month*** 0.80% 0.79%
36 month*** 0.90% 0.90%
48 month*** 1.00% 1.00%
60 month*** 1.25% 1.25%

Traditional IRA

Average Daily Balance APY** APR*
$0.01 – $2,500.00 0.05% 0.05%
$2,500.01 – $25,000.00 0.20% 0.20%
$25,000.01 – $50,000.00 0.30% 0.30%
$50,000.01 – $75,000.00 0.30% 0.30%
$75,000.01 & above 0.40% 0.40%

Roth IRA

Average Daily Balance APY** APR*
$0.01 – $2,500.00 0.05% 0.05%
$2,500.01 – $25,000.00 0.20% 0.20%
$25,000.01 – $50,000.00 0.30% 0.30%
$50,000.01 – $75,000.00 0.30% 0.30%
$75,000.01 & above 0.40% 0.40%

Educational IRA

Average Daily Balance APY** APR*
$0.01 – $2,500.00 0.05% 0.05%
$2,500.01 – $25,000.00 0.20% 0.20%
$25,000.01 – $50,000.00 0.30% 0.30%
$50,000.01 – $75,000.00 0.30% 0.30%
$75,000.01 & above 0.40% 0.40%

Savings

Average Daily Balance APY** APR*
Basic Savings $.01 and over 0.05% 0.05%
Vacation Club $.01 and over 0.05% 0.05%
Holiday Club $.01 and over 0.05% 0.05%
Custom Savings $.01 and over 0.05% 0.05%
Youth Savings $.01 and over 0.05% 0.05%

* Dividend Rate is as of 04/01/2020 and subject to change.
** Annual Percentage Yield – assumes dividends remain on deposit and subject to change.
*** Fixed rate for term of Certificate. Minimum balance requirement of $500.

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