With MFCU's Auto Saving Loan, you'll create an out-of-sight, out-of-mind savings plan that helps you set aside fund for the future.
+ Save at the same rate that you're paying on your loan
+ Contribute a monthly amount to you Auto Savings account; up to a maximum of
10% of your monthly loan payment.
+ Call 855.835.MFCU for 24/7 person-to-person loan decisions or
apply online at mfcu.net
When you open your auto loan, you can elect to contribute a monthly amount to your Auto Savings account, up to a maximum of 10% of your monthly loan payment. We make it easy for you to save!
|Loan Terms:||3.45% for 60 months, monthly payroll direct deposit|
|Auto Loan:||$20,000 loan amount, $363.42 monthly loan payment|
|Share Savings:||10% of monthly loan payment or $36.34|
|10% Deposit||Rate*||Share Savings|
Since the Auto Savings Account is out of sight, out of mind it will help to financially prepare for the future. After you've paid off your auto loan you can use the money for a down payment on your next vehicle, a vacation, or simply whatever you want!
*For this example the Annual Percentage Yield for 36 months is 3.13%, for 48 months 3.17% and for 60 months 3.66%.