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 | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 36 Months | 2023 and Newer | 4.99% | $599.33 |
| 37 – 60 Months | 2023 and Newer | 5.49% | $381.93 |
| 61 – 72 Months | 2023 and Newer | 5.99% | $331.36 |
| Up to 84 Months | 2023 and Newer | 6.49% | $296.89 |
Used Vehicles
| TERM | MODEL YEARS | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 36 Months | 2018 – 2022 | 5.99% | $608.35 |
| 37 – 60 Months | 2018 – 2022 | 6.24% | $388.89 |
| 61 – 72 Months | 2018 – 2022 | 6.75% | $338.58 |
| 37 – 60 Months | 2015 - 2017 | 6.99% | $395.93 |
| Up to 48 Months | 10 Years or Older | 8.99% | $497.61 |
Monthly payment examples based on a $20,000 loan and maximum loan term.
Recreational Vehicle Loans
Compare rates for our New and Used Recreational Vehicle Loans, with terms ranging from 84 months to 180 months.
(Applies to Boats, Motorcycles, Snowmobiles, ATVs, Personal Watercraft, and Campers)
New Recreational Vehicles
| TERM | MODEL YEARS | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 84 Months | 2023 and Newer | 6.75% | $149.71 |
| 85 - 180 Months | 2023 and Newer | 7.49% | $92.64 |
Used Recreational Vehicles
| TERM | MODEL YEARS | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 84 Months | 2022 and Older | 7.75% | $154.62 |
| 85 - 180 Months | 2022 and Older | 8.49% | $98.42 |
Monthly payment examples based on a $10,000 loan and maximum loan term.
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 | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 60 months | 80% | 5.99% | $386.56 |
| 61 - 120 months | 80% | 6.49% | $226.99 |
| 121 - 180 months | 80% | 6.99% | $179.65 |
| Up to 60 months | 90% | 6.74% | $393.58 |
| 61 - 120 months | 90% | 7.24% | $234.70 |
| 121 - 180 months | 90% | 7.75% | $188.26 |
Monthly payment examples based on a $20,000 loan and maximum loan term.
Home Equity Line of Credit (HELOC)
| TERM | LOAN TO VALUE | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| 7 Year Draw, 15 Year Repayment | Up to 90% | 7.50% | $805.59 |
Monthly payment examples based on a $100,000 loan and maximum loan term.
Home Improvement Loans
| TERM | LOAN AMOUNT | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 120 months | Up to $30,000 | 9.49% | $258.69 |
Monthly payment examples based on a $20,000 loan and maximum loan term.
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 | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| 5 Year Draw | Up to $75,000 | 9.75% | $653.85 |
Monthly payment example based on a $50,000 loan and 10-year repayment term.
Student Loan Refinancing
| TERM | LOAN TYPE | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| 5 Year Repayment | Fixed | 4.95% | $942.42 |
| 10 Year Repayment | Fixed | 5.95% | $553.85 |
| 15 Year Repayment | Fixed | 6.95% | $448.02 |
| 15 Year Repayment | Variable | 10.25% | $544.98 |
Monthly payment example based on a $50,000 loan and maximum repayment term.
All other loans and credit options
Compare rates for our Visa® Credit Card, Line of Credit, Lifestyle Loans, and Savings Secured Loans.
Novation Financial Visa® Platinum Credit Card with Purchase Rewards
| APR (as low as)1 |
|---|
| 11.99 - 18.00% |
Line of Credit
| TERM | LOAN AMOUNT | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| Flexible | Up to $30,000 | 12.50% | $669.07 |
Monthly payment example based on a $20,000 loan and maximum loan term.
Lifestyle Loans
| TERM | LOAN AMOUNT | APR (as low as)1 | MONTHLY PAYMENT |
|---|---|---|---|
| Up to 60 months | Up to $30,000 | 11.49% | $521.68 |
Monthly payment example based on a $20,000 loan and maximum loan term.
Fixed-Rate Mortgage Rates
Compare rates for our Fixed-Rate Mortgages, with terms from 10 years to 30 years.
Please contact us to inquire about current mortgage rates.
Adjustable Rate Mortgages (ARMs) and FHA Mortgages
Save on your mortgage with an Adjustable Rate Mortgage (ARM) or a Federal Housing Administration (FHA) Mortgage.
Checking Account Rates
Compare rates for our Incentive and Youth Checking Accounts.
| ACCOUNT | BALANCE | DIVIDEND | APY3 |
|---|---|---|---|
| Youth Checking | Up to $5,000 | 1.49% | 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 | 2.96% | 3.00% |
| Primary Savings | $5 Minimum Deposit | 0.10% | 0.10% |
High-Yield Savings Accounts
| BALANCE | DIVIDEND | APY3 |
|---|---|---|
| $10,000+ | 2.96% | 3.00% |
| $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 | 4.25% | 4.25% |
| 10 Months | $5 Minimum Deposit | 3.75% | 3.75% |
6 Month Certificate must be new deposits only; not applicable on money transferred from a Novation account.
Loan Rate Details
Loan rates effective December 19, 2024, excluding Student Loans, and subject to change without notice.
Student Loan Rates effective January 2, 2025.
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 September 5, 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 $806,550.00.
Checking and Savings Rate Details
Rates effective January 2, 2025.
3APY = Annual Percentage Yield. Rates are subject to change. Fees may reduce earnings. Youth Savings dividends are paid quarterly. High Yield Savings dividends are paid monthly.
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.