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
as low as APR*
0 to 36 months
37 to 48 months
49 to 60 months
61 to 72 months

1.99%
2.49%
2.74%
2.99%

Home Equity Line of Credit

Terms
as low as APR*
6 Month Introductory Rate
Regular, Variable
0.99%*
3.50%

Home Equity Loans

Terms
as low as APR*
0 to 60 months
61 to 84 months
85 to 120 months
121 to 180 months
181 to 240 months
3.14%
3.79%
3.99%
4.25%
4.49%

LIFESTYLE Loans

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

Terms
as low as APR*
0 to 12 months
13 to 24 months
25 to 36 months
37 to 60 months
3.65%
4.65%
8.65%
9.65%

RV, Boat, Travel Trailer, Motorhome, ATV & Other Recreational Vehicle Loans

Terms
as low as APR*
0 to 84 months
85 to 120 months – Minimum Amount Financed is $15,000
121 to 180 months – Minimum Amount Financed is $25,000

2.99%
4.49%
5.49%

Share Secured Loans

Terms
as low as APR*
0 to 60 months
2.99%

Personal Loans

Terms
as low as APR*
0 to 60 months
6.99%

VISA Classic Credit Card

Terms
APR*
non variable
12.99%

VISA Platinum Credit Card

Terms
APR*
 non variable
8.99%

*APR = Annual Percentage Rate. Your rate may be higher than the lowest advertised APR. APRs are based on your loan-to-value, creditworthiness, 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. Rates listed above are as of 07/01/2020 and subject to change at any time without notice.

**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 the amount financed, credit score, lien position, and collateral. The 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 07/01/2020 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 0.10% 0.10%
Checking Account Product Average Daily Balance Dividend Rate* APY**
Business Checking $1,000.00 and above 0.10% 0.10%

Money Market

Average Daily Balance APY* APR*
$2,500.01 – $25,000.00 0.10% 0.10%
$25,000.01 – $50,000.00 0.15% 0.15%
$50,000.01 – $75,000.00 0.15% 0.15%
$75,000.01 & above 0.20% 0.20%

Certificates

Term APY* APR**
6 month*** 0.45% 0.45%
9 month *** 0.50% 0.50%
12 month*** 0.55% 0.55%
18 month*** 0.60% 0.60%
24 month*** 0.65% 0.65%
36 month*** 0.75% 0.74%
48 month*** 0.85% 0.84%
60 month*** 1.00% 1.00%

Traditional IRA

Average Daily Balance APY** APR*
$0.01 – $2,500.00 0.05% 0.05%
$2,500.01 – $25,000.00 0.10% 0.10%
$25,000.01 – $50,000.00 0.15% 0.15%
$50,000.01 – $75,000.00 0.15% 0.15%
$75,000.01 & above 0.20% 0.20%

Roth IRA

Average Daily Balance APY** APR*
$0.01 – $2,500.00 0.05% 0.05%
$2,500.01 – $25,000.00 0.10% 0.10%
$25,000.01 – $50,000.00 0.15% 0.15%
$50,000.01 – $75,000.00 0.15% 0.15%
$75,000.01 & above 0.20% 0.20%

Educational IRA

Average Daily Balance APY** APR*
$0.01 – $2,500.00 0.05% 0.05%
$2,500.01 – $25,000.00 0.10% 0.10%
$25,000.01 – $50,000.00 0.15% 0.15%
$50,000.01 – $75,000.00 0.15% 0.15%
$75,000.01 & above 0.20% 0.20%

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 07/01/2020 and subject to change.
** Annual Percentage Yield – assumes dividends remain on deposit and subject to change.
*** Fixed rate for the term of Certificate. Minimum balance requirement of $500.

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