Today’s Rates – Summit Credit Union

Deposits

Savings, checking and certificate rates

What your money earns at Summit, effective July 2026.

Account APY Minimum to earn

Free Checking 0.05% APY No minimum balance, no monthly service fee

High-Yield Savings 4.15% APY $100 to earn the posted yield; $5 opens the account

Money Market (tier 1) 3.60% APY $2,500–$24,999 daily balance

Money Market (tier 2) 3.85% APY $25,000–$99,999 daily balance

Money Market (tier 3) 4.05% APY $100,000 and above

6-month certificate 4.00% APY $500 minimum opening deposit

12-month certificate 4.35% APY $500 minimum; our highest published term

24-month certificate 4.20% APY $500 minimum; one penalty-free rate bump

60-month certificate 4.00% APY $500 minimum; dividends compound monthly

Membership share 0.05% APY The $5 deposit that makes you an owner

Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.

High-Yield Savings → Share Certificates → Compare all accounts →

Home lending

Mortgage and home equity rates

Sample APRs on a $400,000 purchase with 20% down and a 760 credit score.

Program APR Detail

30-year fixed 6.375% APR 6.250% note rate with 0.500 discount points

15-year fixed 5.750% APR Roughly $118,000 less interest than the 30-year

5/1 ARM 6.216% APR Fixed five years, then adjusts annually, 2/2/5 caps

HELOC 6.625% variable 10-year draw, no origination fee, up to 85% CLTV

Rate-and-term refinance 6.375% APR 30-year fixed; appraisal waiver available on many files

Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.

Full mortgage rate table → Purchase a home → HELOC →

Vehicles and personal credit

Auto and personal loan rates

Starting APRs for members with strong credit and automatic payment from a Summit account.

Loan Rate from Terms available

New auto 5.24% APR 2025–2027 models, up to 84 months, 100% financing

Used auto 5.74% APR 2019 models and newer, up to 72 months

Auto refinance 5.49% APR Payoff handled by Summit, no fee to move your loan

Motorcycle and powersport 6.99% APR Up to 60 months on units under 10 model years old

Personal loan 8.99% APR $1,000 to $30,000 unsecured, 12 to 60 months

Share-secured loan 3.15% APR Pledged savings, fixed 3 points over the account yield

Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.

Full auto rate table → Personal loans → Run the numbers →

No shareholders means the margin goes back to you

Summit has been member-owned since 1948. Earnings that a bank would pay out to investors show up here as higher yields on savings and lower rates on loans. That is the entire reason our 4.15% savings yield and 5.24% auto rate sit where they do.

How to read this page

Deposit accounts are quoted as APY, the annual percentage yield, which already includes the effect of compounding. Loans are quoted as APR, the annual percentage rate, which folds origination and prepaid finance charges into the cost of borrowing. That is why a mortgage note rate of 6.250% appears on our mortgage page as a 6.375% APR.

Loan rates shown are the lowest available tier. Your actual offer depends on credit history, loan term, collateral age and whether you set up automatic payment. A soft-pull quote through Check Your Rate shows your real number in about two minutes and does not affect your credit score.

Rate mechanics

What moves these numbers

Four things that decide the rate you are quoted.

The rate board updates weekly Deposit and consumer loan rates are reviewed every Tuesday by our asset-liability committee. Certificate specials can change mid-week when market yields move sharply.

Mortgage pricing moves daily Home loan rates track the mortgage-backed securities market and are repriced each business morning. A signed lock holds your rate for 45 days at no cost.

Automatic payment discount Setting up automatic payment from a Summit checking account takes 0.25% off the auto and personal loan rates shown. The discount is applied at closing, not after.

Term and collateral Shorter terms and newer vehicles price lower. A 36-month new auto loan runs well under the 84-month rate, and a 2019 model year prices above a 2026.

Balance tiers on deposits Money Market yields step up at $25,000 and $100,000. Savings pays 4.15% on every dollar with no tiering, which is often the better answer under $25,000.

Credit tier Published loan rates assume a 730 or higher score. We lend across the credit spectrum, and our loan officers will show you the exact tier your application lands in.

Common questions

Questions about our rates

How often is this page updated?

Deposit and consumer loan rates on this page were published in July 2026 and are refreshed whenever the rate board changes. Mortgage rates change more often, so the daily figures live on the mortgage rate page rather than here.

Do I have to be a member to get these rates?

Yes. Every rate on this page is a member rate. Membership is a $5 share deposit and takes about eight minutes to open online, and you can apply for a loan in the same session.

Can I lock a certificate rate before funding it?

A certificate rate is set the moment the account is funded, not when you apply. If you open online and transfer from an outside institution, the rate applies on the day the money settles at Summit.

Why is the personal loan rate so much higher than the auto rate?

A personal loan is unsecured, so there is no collateral for us to recover if the loan is not repaid. That risk is priced in. If you have savings you can pledge, a share-secured loan at 3.15% APR is a far cheaper way to borrow.

Does checking my rate hurt my credit?

No. Check Your Rate uses a soft credit inquiry that is invisible to other lenders and does not affect your score. A hard pull happens only when you accept an offer and move to a formal application.