Our Rates

We’re dedicated to giving our members the best interest rates possible – for both savings and loans. Did you know that since credit unions are member-owned, we’re able to offer better rates, on average, compared to banks?

 

Take a look at our rates below and you’ll soon discover why Wayne Westland Federal Credit Union is the right place to finance your home and invest or save your hard-earned money.

Loan Rates

ALL RATES EFFECTIVE 02/12/2024   

Current Loan Rates

Loan Rates As Low As

Type Interest Rate
New/Refinanced Auto Loans 2023-2024 as low as 4.50% APR
Used Auto Loans 2019-2022 as low as ​6.00% APR
Used Auto Loans 2018 and older as low as ​6.75% APR
Visa Rewards Preferred 13.00% VAR
Visa Rewards Plus 14.25% VAR
Visa Rewards 16.25% VAR
Visa One 16.95% APR
Share Pledged 3.00% APR
Signature Loan as low as 10.75% APR
Revolving Loan 11.90% APR
Overdraft Loan ​13.90% APR

For Rates on Home Equity Loans
call us at 734-721-5700 EXT 3011
For mortgage rates, please visit:
Mortgage Center

Rates based on qualified credit
Rates based on your credit score
Rates are subject to change
APR = Annual Percentage Rate         VPR = Variable Percentage Rate

Recreational and Motorsport Loan Rates

Boats, Travel trailers, 5th Wheels, Motorhomes, Motorcycles, Snowmobiles, ATVs, Jet Skis
New 
 All Rates are listed as APR (Annual Percentage Rate)

Year Terms A+ A
As low as
B C D Loan Amount
2023-2024   690+ 660-689 640-659  600-639  
  Based on final finance amount 7.25% 8.75%  9.50% 13.25% <$5,000.00
  Up to 60 mos 7.25% 8.75%  9.50% 13.25% $5,000-$10,000
  Up to 72 mos 7.75% 9.25%  10.00% 14.25% $10,000-$20,000
  Up to 84 mos 8.75% 9.75%  10.75% 14.50% $20,000-$30,000
    Up to 144 mos 9.25% 10.00%  11.50% 15.00% $30,000-$40,000
    Up to 180 mos 9.50% 10.25%  11.75% 15.50%  $40,000 plus

    Contact us for rates on older models.

Dividend Rates

Share ID Description Rate APYE
00 Savings 0.05% 0.05%
30 Money Market 2500+ 0.70% 0.70%
33 Premier Investment 25,000+ 0.80% 0.80%
35 Capital Cash 50,000+ 0.95% 0.95%
56 Vacation Club 0.05% 0.05%
59 Christmas Club 0.08% 0.08%
7 Youth Account 0.50% 0.50%
10 Checking 0.00% 0.00%

Certificates

Share ID Description Rate APYE
70 3 Months 1.00% 1.00%
71 6 Months 1.05% 1.05%
72 9 Months 1.10% 1.11%
73 12 Months 3.00% 3.03%
78/79 15 Months 1.30% 1.31%
74 24 Months 4.00% 4.06%
75 36 Months 1.50% 1.51%
76 48 Months 1.60% 1.61%
77 60 Months 1.65% 1.66%

APYE = Annual Percentage Yield Earned

IRA Rates

Roth ID Traditional ID Description Rate APYE
82 92 6 Months 1.05% 1.05%
83 93 12 Months 1.20% 1.21%
88 98 15 Months 1.30% 1.31%
84 94 24 Months 1.40% 1.41%
85 95 36 Months 1.50% 1.51%
86 96 48 Months 1.60% 1.61%
87 97 60 Months 1.65% 1.66%
80 90/91 IRA Variable - 18 Months 1.15% 1.15%

 APYE = Annual Percentage Yield Earned




**NCUA - Consumer Share Insurance Information**

 

 

 

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