COVID-19 Response - Update as of June 2, 2020

JUNE 2, 2020 MEMBER ALERT: Our Express Branch and Lending Center at 1725 I Street NW will be closed until further notice due to limited access to our facilities. Please use Digital Banking to access your accounts 24 hours, 7 days a week, visit a CO-OP ATM near you, or contact us at 202-212-6400 for assistance. Updates will be posted as soon as possible.

Rates

Table data for Auto Loan Rates
 06-02-2020
Term Annual Percentage Rate (APR) New Vehicles1 Payment Example ($20,000 loan amount) Annual Percentage Rate (APR) Used Vehicles2 Payment Example ($20,000 loan amount) Alert Me
36 Month Auto, Fixed 1.990% 36 payments of $573.00 2.740% 36 payments of $579.00
48 Month Auto, Fixed 2.740% 48 payments of $440.00 3.240% 48 payments of $445.00
60 Month Auto, Fixed 2.990% 60 payments of $359.00 3.490% 60 payments of $364.00
72 Month Auto, Fixed 3.240% 72 payments of $306.00 3.990% 72 payments of $313.00
96 Month Auto, Fixed3 4.490% 96 payments of $621.003 N/A N/A
Take an additional 0.25% off the auto loan rate if your vehicle is considered environmentally friendly by the Environmental Protection Agency.
Visit http://epa.gov/greenvehicles for more information. Take an additional 0.50% off the auto loan rate when you purchase your vehicle through BFSFCU’s car buying service powered by TrueCar. TrueCar discount only available for the purchase of new and used vehicles, not refinance. Discount is only applicable for fixed rate loan terms up to 60 months. You may be eligible for a rate as low as 1.25% on your next auto loan. Visit our loyalty rewards page to learn more. Refinancing offers are limited to auto loans the member has with other lenders.
  • 1New Vehicles are vehicles for the current or immediately previous model year and an odometer reading of less than 5,000 miles.↵
  • 2Used Vehicles include any vehicle with an odometer reading of more than 5,000 miles or are older than the immediately previous model year.↵
  • 3New vehicles only. Minimum loan amount of $50,000 with a maximum loan-to-value (LTV) ratio of 80%.↵

Auto Loan Calculator

Table data for VISA® Credit Card Rates
 06-02-2020
ANNUAL PERCENTAGE RATE (APR) FOR PURCHASES BOLD Visa Platinum Secured Visa Platinum BEYOND Visa Signature Alert Me
Introductory APR for a period of six (6) billing cycles. cycles. 3.90% 3.90% 0.00%
After that, your APR will be: Your APR will vary with the market based on the Prime Rate. 7.24% 8.90% 12.90%
APR for Cash Advances BOLD Visa Platinum Visa Platinum Secured BEYOND Visa Signature Alert Me
Introductory APR for a period of six (6) billing cycles. 3.90% 3.90% 0.00%
After that, your APR will be: Your APR will vary with the market based on the Prime Rate. 7.24% 11.90% 15.90%
APR for Balance Transfers BOLD Visa Platinum Visa Platinum Secured BEYOND Visa Signature Alert Me
Introductory APR 3.90% 3.90% 1.90%
After that, your APR will be: Your APR will vary with the market based on the Prime Rate. 7.24% 11.90% 15.90%
Penalty APR BOLD Visa Platinum Visa Platinum Secured BEYOND Visa Signature Alert Me
This APR may be applied to the entire balance on your account if you are 60 days delinquent in making a payment. 16.25% 14.90% 17.90%
Interest Charges BOLD Visa Platinum Visa Platinum Secured BEYOND Visa Signature Alert Me
Minimum Interest Charge None None None
Set-up and Maintenance Fees BOLD Visa Platinum Visa Platinum Secured BEYOND Visa Signature Alert Me
Annual Fee None None None
Account Set-up Fee None None None
Participation Fee None None None
Account Maintenance Fee on Closed Accounts None None None
Additional Card Fee None None None
Transaction Fees BOLD Visa Platinum Visa Platinum Secured BEYOND Visa Signature Alert Me
Balance Transfer Fee None None None
Cash Advance Fee None None None
Foreign Transaction Fee None 1.00% of each transaction in U. S. dollars None
Penalty Fees1 BOLD Visa Platinum Visa Platinum Secured BEYOND Visa Signature Alert Me
Over-the-Credit-Limit Fee None None None
Returned Payment Fee Up to $25 Up to $25 Up to $25
  • 1How We Will Calculate Your Balance: We use a method called ”average daily balance (including new purchases).” Your due date is 25 days after the close of each billing cycle. We do not charge you interest on purchases if you pay your entire balance by the due date each month. To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at www.consumerfinance.gov/learnmore.↵

Loans to $510,400
Rate
APR
Points
 Alert Me
10/1 ARM 30 Year 3.000% 2.991% 0.000% Get notified when this rate changes
7/1 ARM 30 Year 2.875% 2.915% 0.000% Get notified when this rate changes
5/5 ARM 30 Year 2.625% 2.829% 0.000% Get notified when this rate changes
5/1 ARM 30 Year 2.625% 2.829% 0.000% Get notified when this rate changes
3/3 ARM 30 Year 2.500% 2.637% 0.000% Get notified when this rate changes
Ten and Done (3 Yr ARM) 2.625% 3.027% 0.000% Get notified when this rate changes
Conforming 30 Yr Fixed 3.375% 3.416% 0.000% Get notified when this rate changes
Conforming 15 Yr Fixed 2.875% 2.948% 0.000% Get notified when this rate changes
High-Balance Loans*
Rate
APR
Points
 Alert Me
High-Balance 30 Yr Fixed 3.750% 3.774% 0.000% Get notified when this rate changes
High-Balance 15 Yr Fixed 3.125% 3.168% 0.000% Get notified when this rate changes
Jumbo Loans above $510,400
Rate
APR
Points
 Alert Me
10/1 ARM 30 Year 3.000% 2.969% 0.000% Get notified when this rate changes
7/1 ARM 30 Year 2.875% 2.893% 0.000% Get notified when this rate changes
5/5 ARM 30 Year 2.625% 2.808% 0.000% Get notified when this rate changes
5/1 ARM 30 Year 2.625% 2.808% 0.000% Get notified when this rate changes
3/3 ARM 30 Year 2.500% 2.616% 0.000% Get notified when this rate changes
Ten and Done (3 Yr ARM) 2.625% 2.970% 0.000% Get notified when this rate changes
BF Jumbo 15 Year Fixed 3.125% 3.159% 0.000% Get notified when this rate changes

* High-Balance mortgage loans are loans with original principal balances that exceed the general loan limits, but meet the high-cost area loan limits. High-cost loan limits are the limits that will apply in high-cost areas as defined by the Federal Housing Finance Agency (FHFA). Rates are subject to change at any time. To view all of our mortgage products and rates, or to find a mortgage to meet your specific needs, please get a custom rate quote on the button below.

Mortgage Payment Calculator
Get a Custom Rate Quote

Table data for Home Equity Lines of Credit
 06-02-2020
Account Type Term (Years) Annual Percentage Rate (APR) Payment Example ($10,000 loan amount) Alert Me
Home Equity Line of Credit (Variable Rate)1 15 2.990% for the first 6 months. After 6 months, the APR will be 3.250%, subject to increase 6 payments of $69.01 and 174 payments of $80.39
5/1 Home Equity Line of Credit (Variable Rate)1 15 3.990% for the first 60 months. After 60 months, the APR will be 3.250%, subject to increase. 60 payments of $73.92 and 120 payments of $75.70
At this time, BFSFCU lends on properties in DC, DE, MD, VA and WV only. Lien recordation is required.
  • 1Home Equity Line of Credit and 5/1 Home Equity Line of Credit refers to an owner-occupied residence and 80% of Fair Market Value minus other loans. The maximum CLTV on home equity lines of credit is 90%. For loans with a CLTV greater than 80%, higher rates will apply. The Annual Percentage Rate (APR) for variable rate loan products may increase in accordance with the Wall Street Journal Prime Rate (“Index”, currently 3.250%) plus a Margin after the introductory rate has expired. The maximum APR at any time is 18%. Other terms and conditions apply, please call 202-212-6400 for details. Appraisal, recordation taxes and other closing costs apply and will be at the member's expense. These closing costs typically range from $200 - $1925 based on the property location, the loan amount requested, the fair market value and the combined loan-to-value (CLTV) ratio. Property insurance is required. HELOC products are not available for investment properties. Please consult with a tax adviser on the deductibility of interest.↵
Table data for Home Equity Loans
 06-02-2020
Account Type Term (Years) Rate Annual Percentage Rate Payment Example ($25,000 loan amount) Alert Me
Homeowner's Loan (Fixed Rate)1 6 4.990% 4.990% 72 payments of $403
  • 1Homeowner's Loan (Fixed Rate) refers to owner-occupied properties only. Maximum loan amount is $50,000. Higher rates and lower maximum loan amounts apply when CLTV greater than 80%. Other terms and conditions apply, please call 202-212-6400 for details. Appraisal, recordation taxes and other closing costs apply and will be the member's expense. These closing costs typically range from $200 - $1925 based on the property location, the loan amount requested, the fair market value and the combined loan-to-value (CLTV) ratio. Property insurance is required. Please consult with a tax adviser on the deductibility of interest.↵

Table data for Personal Loans
 06-02-2020
Account Description Approximate Term Annual Percentage Rate (APR) Payment Example ($3,000 loan amount) Alert Me
Personal, Fixed 36 Months 7.990% 36 payments of $94
Personal, Fixed 48 Months 8.490% 48 payments of $74
Personal, Fixed 60 Months 8.990% 60 payments of $62
Personal, Fixed 72 Months 9.490% 72 payments of $55
Education, Fixed 36 Months 6.490% 36 payments of $92
Education, Fixed 48 Months 6.740% 48 payments of $71
Education, Fixed 60 Months 6.990% 60 payments of $60
Education, Fixed 72 Months 7.240% 72 payments of $51
Pension Loan, Fixed1 72 Months 5.450% 72 payments of $49
Pension Loan, Fixed1 120 Months 6.200% 120 payments of $34
Loan programs and interest rates on this page are subject to change and/or cancellation without notice. This is not a guaranteed offer of credit; underwriting guidelines apply.
  • 1New money only. Maximum loan amount is $75,000 per year with a total aggregate amount of $150,000. All loan approvals are subject to normal underwriting procedures. Applicant must provide a copy of their pension statement from their Human Resources department regarding eligible contribution amounts with application. Loan proceeds will be funded directly to the pension account. Other terms and conditions may apply.↵

Table data for Checking Account Rates
 06-02-2020
Account Type Annual Percentage Yield (APY) Dividend Rate Minimum Balance Required to Earn Dividends Minimum Balance Required to Open Alert Me
Checking 0.200% 0.200% none none
Money Management Checking 0.000% 0.000% N/A none1
0.250% 0.250% $2,500.00 N/A
0.300% 0.300% $10,000.00 N/A
0.350% 0.349% $25,000.00 N/A
0.400% 0.399% $50,000.00 N/A
Checking Account offering rates are variable and subject to change daily. Dividends are paid monthly on Checking Accounts. Dividends are calculated using the balance in the account at the end of each day. For specific information about account rates and terms, call us at 202.212.6400 to speak to one of our Member Service Representatives. Refer to Bank-Fund Staff Federal Credit Union's Truth in Savings Disclosure, for additional information.
  • 1Please refer to your BFSFCU Account Agreements and Disclosures for additional terms and conditions. A fee may be imposed for not maintaining a minimum balance of $2,500.↵

Table data for Savings Account Rates
 06-02-2020
Account Type Annual Percentage Yield (APY) Dividend Rate Minimum Balance Required to Earn Dividends Minimum Balance Required to Open Alert Me
Savings 0.450% 0.449% none none
Money Management Savings 0.000% 0.000% N/A none
0.500% 0.499% $2,500.00 N/A
0.550% 0.549% $10,000.00 N/A
0.600% 0.598% $25,000.00 N/A
0.650% 0.648% $50,000.00 N/A
eSavings1 0.600% 0.599% $10,000.002 $10,000.00
Savings Account offering rates are variable and subject to change daily. Dividends are paid quarterly on Savings Accounts. Dividends are calculated using the balance in the account at the end of each day. For specific information about account rates and terms, call us at (202) 212-6400 to speak to one of our Member Service Representatives. Refer to Bank-Fund Staff Federal Credit Union's Truth in Savings Disclosure, for additional information.
  • 1The eSavings account can only be opened online and is only accessible from our Online Banking system. The first withdrawal or transfer is free of fee. Second and all subsequent withdrawals or transfers processed during the calendar month are $5.00 each. Regulation D limits certain types of withdrawal and transfer transactions you can make out of your savings accounts to a maximum combined total of six (6) per month. A Regulation D Excess Debit Fee may apply for each transaction that exceeds the limit.↵
  • 2You must maintain a minimum daily balance of $10,000 to avoid incurring a low-balance fee at month-end.↵

Savings Calculator

Table data for Share Certificate Rates
 06-02-2020
Share Certificates Annual Percentage Yield (APY) Dividend Rate Minimum to Open Alert Me
91-Day 0.300% 0.300% $1,000.00
6-Month 0.350% 0.350% $1,000.00
9-Month 0.400% 0.399% $1,000.00
12-Month 0.450% 0.449% $1,000.00
18-Month 0.500% 0.499% $1,000.00
24-Month 0.550% 0.549% $1,000.00
30-Month 0.600% 0.599% $1,000.00
36-Month 0.650% 0.648% $1,000.00
48-Month 0.700% 0.698% $1,000.00
60-Month 0.750% 0.748% $1,000.00
72-Month 0.800% 0.798% $1,000.00
Specialty Share Certificates Annual Percentage Yield (APY) Dividend Rate Minimum to Open Alert Me
12-Month Young Savers 0.450% 0.449% $100.00
15-Month RateKeeper 0.450% 0.449% $1,000.00
24-Month WealthBuilder 0.550% 0.549% $1,000.00
36-Month Step-Up* 0.450% 0.449% $1,000.00
60-Month Step-Up* 0.550% 0.549% $1,000.00
5-Year High Yield 1.000% 0.996% $1,000.00
6-Year High Yield 1.050% 1.046% $1,000.00
7-Year High Yield 1.100% 1.095% $1,000.00
10-Year High Yield 1.150% 1.145% $1,000.00
Jumbo Share Certificates Annual Percentage Yield (APY) Dividend Rate Minimum to Open Alert Me
4-Week 0.250% 0.250% $100,000.00
91-Day 0.350% 0.350% $100,000.00
6-Month 0.400% 0.400% $100,000.00
12-Month 0.500% 0.499% $100,000.00
18-Month 0.550% 0.549% $100,000.00
Share Certificate Account and Jumbo Share Certificate Account offering rates are subject to change daily and are fixed for the term of the account. Dividends are calculated on the balance of the account each day. Dividends on the weekly, 91 day and 6 month terms are paid at maturity. For all other terms, dividends are paid and compounded quarterly and at maturity.

*Effective as of January 1, 2019, this product is no longer available for new accounts.

A penalty will be imposed for early withdrawal from Share Certificate Accounts, Specialty Share Certificate Accounts, or Jumbo Share Certificate Accounts.

For specific information about account rates and terms, call us at 202.212.6400 to speak to one of our Member Service Representatives.

Refer to Bank-Fund Staff Federal Credit Union's Truth in Savings Disclosure, for additional information.

Table data for IRA Rates
 06-02-2020
IRAs Annual Percentage Yield (APY) Dividend Rate Minimum to Open Alert Me
12-Month Fixed Traditional and Roth IRAs 0.450% 0.449% $1,000.00
24-Month Fixed Traditional and Roth WealthBuilder IRAs 0.550% 0.549% $1,000.00
24-Month Fixed Traditional and Roth IRAs 0.550% 0.549% $1,000.00
36-Month Fixed Traditional and Roth IRAs 0.650% 0.648% $1,000.00
48-Month Fixed Traditional and Roth IRAs 0.700% 0.698% $1,000.00
60-Month Fixed Traditional and Roth IRAs 0.750% 0.748% $1,000.00
Traditional IRA Savings Account 0.600% 0.599% $0.00
Roth IRA Savings Account 0.450% 0.449% $0.00
Specialty IRAs Annual Percentage Yield (APY) Dividend Rate Minimum to Open Alert Me
5-Year High Yield Traditional and Roth IRAs 1.000% 0.996% $1,000.00
6-Year High Yield Traditional and Roth IRAs 1.050% 1.046% $1,000.00
7-Year High Yield Traditional and Roth IRAs 1.100% 1.095% $1,000.00
10-Year High Yield Traditional and Roth IRAs 1.150% 1.145% $1,000.00
Jumbo IRAs Annual Percentage Yield (APY) Dividend Rate Minimum to Open Alert Me
12-Month Fixed Traditional and Roth IRAs 0.500% 0.499% $100,000.00
24-Month Fixed Traditional and Roth IRAs 0.600% 0.599% $100,000.00
36-Month Fixed Traditional and Roth IRAs 0.700% 0.698% $100,000.00
48-Month Fixed Traditional and Roth IRAs 0.750% 0.748% $100,000.00
60-Month Fixed Traditional and Roth IRAs 0.800% 0.798% $100,000.00
IRA Fixed account offering rates are subject to change daily and are fixed for the term of the account.

Housing counseling agencies approved by the U.S. Department of Housing and Urban Development (HUD) can offer independent advice about whether a particular set of loan terms is a good fit based on your objectives and circumstances, often at little or no cost. If you are interested in contacting a HUD-approved housing counseling agency in your area, you can visit the Consumer Financial Protection Bureau’s (CFPB) website, www.consumerfinance.gov/find-a-housing-counselor, and enter your zip code. You can also access HUD’s housing counseling agency website via www.consumerfinance.gov/mortgagehelp or by accessing HUD’s counseling agency web service directly via http://data.hud.gov/index.html. For additional assistance with locating a housing counseling agency, call the CFPB at 1-855-411-CFPB (2372).