current Rates
Loan, Mortgage, and Checking & Savings Rates
Loans
See rates for our full suite of loan products, from Auto Loans to Lifestyle Loans and Home Equity Lines of Credit.
Mortgages
Compare rates for our Mortgage Loans, including Fixed-Rate Mortgages, Jumbo Mortgages, ARMs, and FHAs.
Checking and Savings
Compare rates for our interest-earning Saving Solutions, including Certificates, Money Market, High Yield Savings Accounts, and Youth Accounts.
New and Used Auto Loans
Compare rates for our New and Used Auto Loans, with terms ranging from 36 months to 84 months.
New Vehicles
| TERM | MODEL YEARS | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 36 Months | 2022 and Newer | 5.99% | $608.35 |
| 37 – 60 Months | 2022 and Newer | 6.24% | $388.89 |
| 61 – 72 Months | 2022 and Newer | 6.75% | $338.58 |
| Up to 84 Months | 2022 and Newer | 7.25% | $304.30 |
Used Vehicles
| TERM | MODEL YEARS | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 36 Months | 2017 – 2021 | 6.49% | $612.89 |
| 37 – 60 Months | 2017 – 2021 | 6.75% | $393.67 |
| 61 – 72 Months | 2017 – 2021 | 7.25% | $343.39 |
| 37 – 60 Months | 2014 - 2016 | 7.75% | $403.14 |
| Up to 48 Months | 10 Years or Older | 9.75% | $504.85 |
Recreational Vehicle Loans
(Applies to Boats, Motorcycles, Snowmobiles, ATVs, Personal Watercraft, and Campers)
New Recreational Vehicles
| TERM | MODEL YEARS | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 84 Months | 2022 and Newer | 6.99% | $150.88 |
| 85 - 180 Months | 2022 and Newer | 7.74% | $94.07 |
Used Recreational Vehicles
| TERM | MODEL YEARS | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 84 Months | 2021 and Older | 7.99% | $155.81 |
| 85 - 180 Months | 2021 and Older | 8.75% | $99.94 |
Home Equity and Improvements
Compare rates for our Home Equity Loans, Home Equity Line of Credit, and Home Improvement Loans.
Home Equity Loans
| TERM | LOAN TO VALUE | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 60 months | 80% | 6.24% | $171.38 |
| 61 - 120 months | 80% | 6.75% | $176.98 |
| 5 Year Repayment | 80% | 7.24% | $182.46 |
| Up to 60 months | 90% | 6.99% | $179.65 |
| 61 - 120 months | 90% | 7.49% | $185.29 |
| 121 - 180 months | 90% | 7.99% | $191.01 |
Home Equity Line of Credit (HELOC)
| TERM | LOAN TO VALUE | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| 7 Year Draw, 15 Year Repayment | Up to 90% | 8.50% | $867.82 |
Home Improvement Loans
| TERM | LOAN AMOUNT | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 120 months | Up to $30,000 | 9.49% | $258.69 |
Private Student Loans and Refinancing
Compare rates for our Private Student Loans and Student Loan Refinancing. Refinancing is available for up to $100,000 of existing Student Loans. All Student Loans have no origination fees or prepayment penalties.
Private Student Loans
| TERM | LOAN AMOUNT | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| 5 Year Draw | Up to $75,000 | 10.50% | $674.67 |
Student Loan Refinancing
| TERM | LOAN TYPE | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| 5 Year Repayment | Fixed | 4.95% | $394.10 |
| 10 Year Repayment | Fixed | 5.95% | $420.58 |
| 15 Year Repayment | Fixed | 6.95% | $448.02 |
| 15 Year Repayment | Variable | 10.25% | $544.98 |
All other loans and credit options
Novation Visa® Platinum Credit Card with Purchase Rewards
| APR1 |
|---|
| 12.99-18.00% |
Line of Credit
| TERM | LOAN AMOUNT | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| Flexible | Up to $30,000 | 12.50% | $669.07 |
Lifestyle Loans
| TERM | LOAN AMOUNT | APR1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 60 months | Up to $30,000 | 11.49% | $521.68 |
Fixed-Rate Mortgage Rates
Compare rates for our Fixed-Rate Mortgages, with terms from 36 months to 84 months.
| TERM | RATE | APR2 | MONTHLY PAYMENT |
|---|---|---|---|
| 10 Years | 5.875% | 6.023% | $2,500.56 |
| 15 Years | 6.125% | 6.230% | $1,926.75 |
| 20 Years | 6.125% | 6.209% | $1,639.22 |
| 30 Years | 6.500% | 6.564% | $1,431.64 |
Adjustable Rate Mortgages (ARMs) and FHA Mortgages
Save on your mortgage with an Adjustable Rate Mortgage (ARM) or a Federal Housing Administration (FHA) Mortgage.
Adjustable Rate Mortgages (ARMs)
| MORTGAGE | TERM | RATE | APR2 | MONTHLY PAYMENT |
|---|---|---|---|---|
| 5/1 ARM | ||||
| 30 Years | 5.55% | 5.611% | $1,293.24 |
Federal Housing Administration (FHA) Mortgage
| TERM | RATE | APR2 | MONTHLY PAYMENT |
|---|---|---|---|
| 15 Years | 6.000% | 6.105% | $1,911.47 |
| 30 Years | 6.500% | 6.564% | $1,431.64 |
Checking Account Rates
Compare rates for our Incentive and Youth Checking Accounts.
| ACCOUNT | BALANCE | DIVIDEND | APY3 |
|---|---|---|---|
| Youth Checking | |||
| Up to $5,000 | 0.00% | 1.50% | |
| Incentive Checking | |||
| Up to $25,000 | 1.49% | 1.50% |
Savings Account Rates
Compare rates for Primary Savings, Youth Savings, High-Yield Savings Accounts, Money Market, and Certificates.
Savings Accounts
| ACCOUNT | BALANCE | DIVIDEND | APY3 |
|---|---|---|---|
| Youth Savings | |||
| Up to $10,000 | 0.00% | 3.30% | |
| Primary Savings | |||
| $5 Minimum Deposit | 0.10% | 0.10% |
High-Yield Savings Accounts
| BALANCE | DIVIDEND | APY3 |
|---|---|---|
| $10,000+ | 3.20% | 3.25% |
| $5 - $9,999.99 | 0.00% | 0.00% |
Money Market
| BALANCE | DIVIDEND | APY3 |
|---|---|---|
| $100,000+ | 1.24% | 1.25% |
| $50,000 - $99,999.99 | 1.09% | 1.10% |
| $1,000 - $49,999.99 | 0.90% | 0.90% |
Certificates
| TERM | BALANCE | DIVIDEND | APY3 |
|---|---|---|---|
| 6 Months | |||
| $5 Minimum Deposit | 5.00% | 5.00% | |
| 10 Months | |||
| $5 Minimum Deposit | 4.00% | 4.00% |
Loan rates effective March 4, 2024, excluding Student Loans, and subject to change without notice.
Student Loan Rates effective October 1, 2023.
1APR = Annual Percentage Rate. All rates listed are “as low as” and based upon credit history. Visa Platinum with Rewards Credit Card and Home Equity Line of Credit are a variable rate product but will not exceed 18% APR.
Mortgage Rate Details
2APR = Annual Percentage Rate. Equal Housing Lender. NMLS#774681.
Loan rates effective May 2, 2024. Rates for mortgages change daily and are subject to change without notice. This is not a credit decision or a commitment to lend. Not all loan programs are available in all states for all loan amounts. The rates shown above are for the purchase of a single-family home to be used as a primary residence with a loan amount of $225,000 located in Minnesota and loan-to-value of 80%. The rate is based on a 45-day rate lock with a 740 credit score and escrow account. Your interest rate may depend on various factors including: loan product, loan size, credit profile, property value, geographic location, occupancy and other factors. All loans subject to approval and must qualify for membership. Maximum finance amount for 2024 is $766,550.00.
Checking and Savings Rate Details
Rates effective February 5, 2024.
3APY = Annual Percentage Yield. Rates are subject to change. Fees may reduce earnings.
Minimum deposit amount of $500 for Certificate of Deposits. After the Certificate is open, you may not make additions into this account until the maturity date stated on the account. Penalty for early withdrawal of Certificate of Deposits. Novation deposits are federally insured up to $250,000 by the NCUA.
For Incentive Checking: To receive dividends you must meet the following requirements per month: (1) one payroll direct deposit, (2) must be enrolled in eStatements with a valid email address and (3) 12 Novation debit OR credit card purchase transactions that must average at least $5, excluding cash advances, ATM transactions, returned purchases, disputed or unauthorized/fraudulent transactions, or fees caused by check card use. Debit and credit card transactions CANNOT be combined to meet the 12 transactions minimum. Accounts that meet the requirements will receive dividends on balances up to $25,000. Resulting APY if requirements are not met or for balances in excess of $25,000 is 0%. Incentive Checking rates and program subject to change.