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Parkway Federal Credit Union

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You are here: Home / Rates

Rates

Rates are as of April 8, 2021

A penalty of 90 days interest will be imposed for early withdrawal on certificates of deposit.

$1,000 minimum opening deposit for all certificates of deposit

Assumes Compounding

APY=Annual Percentage Yield

Note: Rates Subject to Change Without Prior Notice!

**Apr = Annual Percentage Rate.  Rates may vary depending on the credit history.  To receive the special rate a checking account at Parkway Federal Credit Union is required. You must also sign up for payment deduction from a Parkway Federal Credit Union account.  Auto loan rate is based on certain restrictions, contact the credit union for complete details.

Home Loans

LoanInterest RateLength
Home Equity LOCContact the loan department for rate information10 years
Home Equity LoanContact the loan department for rate information10 years
MortgagesContact the loan department for rate information15 years
30 years
(Rates subject to change)

Savings, Checking and Certificates

ItemDividend RateAPY
Savings
Savings $50,000 +
0.01%
0.02%
0.01%
0.02%
Christmas Club0.05%0.05%
IRA0.05%0.05%
Checking0.00%0.00%
Certificates
1 Year
2 Year

0.05%
0.10%

0.05%
0.10%

Automobile Loans

VehicleStandard APR as low as:** Length
New '20-'21
as low as 2.79% restrictions apply**Up to: 60 months
New '20-'21as low as 3.39% restrictions apply**Up to: 72 months
Used '18 - '19 as low as 3.39% restrictions apply**Up to: 60 months
Used '15-'17as low as 3.49%
*restrictions apply
Up to: 48 months
Used '14 and olderas low as 5.00%
*restrictions apply
Up to: 36 months

Motorcycle Loans

VehicleStandard APR as low as:**Length
New Motorcycleas low as 4.80% restrictions apply**
***Based on loan officers discretion
Up to: 60 months
Used Motorcycleas low as 5.50% restrictions apply**
***Based on loan officer discretion
Up to: 60 months

Recreation Vehicle Loans

VehicleStandard APR as low as:**Length
Newas low as 4.40% restrictions apply**
***Based on Loan Officer discretion
Up to: 72 months
Used (excludes mobile homes)as low as 4.79% restrictions apply**
***Based on Loan Officer discretion
Up to: 72 months
(Travel Trailers, Motor Homes, Pop-Up Trailers, Snowmobiles, SeaDoo, Off-Road Vehicles)

Boat Loans

BoatStandard APR as low as:**Length
New
4.80%
***Based on Loan Officer discretion
Up to: 72 months
Used 5.30%
***Based on Loan Officer discretion
Up to: 72 months
Used and older
*See older
5.50%
***Based on Loan Officer discretion
Up to: 60 months

Secured Loan - Unsecured Loan - Loan Specials

LoanStandard APR as low as:**Length
Adequately Secured Closed End Loan12.50%Up to: 60 months
Unsecured Closed End Loan16% 36 months
LOAN SPECIAL - $3,000 maximum7.50%24 months
LOAN SPECIAL - $2,000 maximum7.25%18 months
LOAN SPECIAL - $1,000 maximum7.00%12 months

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News

Click the Announcement Link in the green box for Important News and Information affecting our membership.

Announcements

Join us at Parkway Federal Credit Union's

       Annual Meeting

Date: Wednesday, March 16, 2022

Time: 5:30pm Doors open and meeting begins

 

Notice of Fee Changes

Effective April 1, 2020 

Thank you for choosing Parkway Federal Credit Union for all your financial needs. We appreciate your business and look forward to serving you!  Occasionally some of our fees change due to increases in the cost of doing business. Therefore, we are changing our fee structure to better reflect the value we provide to our members.  Updated Fee Schedules are available at our office and can be requested at anytime.

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General Info

23400 Plymouth Road, Redford  MI 48239

Phone: (313) 532-6451
Fax: (313) 532-8903
Fax Loan: (313) 532-7080

NMLS #802356
Routing #272078925


Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U. S. Government Agency.

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