Current Rates
Current Investment and Loan Rates
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Use our calculator to see how much more you will earn with a Mission Investment Fund TERM INVESTMENT when compared with 7,000 other financial institutions. |
Whether you're looking for a loan or an investment, it all starts with an attractive rate. You'll be pleased to know that ours are exceptional.
Investments
Effective May 1, 2012*
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Rate |
APY** |
 TERM INVESTMENTS |
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| Fixed Rate: |
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| - 1-year term |
1.10% |
1.10% |
| - 2-year term |
1.19% |
1.20% |
| - 4-year term |
1.99% |
2.00% |
| - 6-year term |
2.97% |
3.00% |
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| Adjustable Rate: |
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| - 1-year term |
.20% |
.20% |
| - 3-year term |
.40% |
.40% |
| - 5-year term |
.80% |
.80% |
| - 7-year term |
1.29% |
1.30% |
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| GRAND Fixed Rate: |
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| - 1-year term |
1.19% |
1.20% |
| - 2-year term |
1.29% |
1.30% |
| - 3-year term |
1.99% |
2.00% |
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 DEMAND INVESTMENTS |
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| With Check Writing: |
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| - $100 - $9,999 minimum balance |
.60% |
.60% |
| - $10,000 - $24,000 minimum balance |
.70% |
.70% |
| - $25,000 - $99,999 minimum balance |
1.00% |
1.00% |
| - $100,000+ minimum balance |
1.09% |
1.10% |
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| Youth Ministry: |
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| For congregations to to save for 2012 Youth Gathering expenses and other youth events; same tiers and rates as DEMAND INVESTMENTS With Check Writing (above) |
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| No Check Writing: |
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| Adjustable rate; minimum investment $5 |
.75% |
.75% |
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 MIF4KIDZ |
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| An investment that benefits children under age 16 |
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 RETIREMENT SAVINGS ACCOUNT |
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| All TERM and DEMAND INVESTMENTS No Check Writing accounts may be held as Traditional or Roth Individual (IRAs), with UMB Bank, n.a.,as custodian. |
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 EDUCATION ACCOUNT |
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| All TERM and DEMAND INVESTMENTS No Check Writing accounts may be held as Coverdell Education Savings Accounts, with UMB Bank, n.a.,as custodian. |
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 HEALTH SAVINGS ACCOUNT |
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| - $100 minimum balance |
.60% |
.60% |
| - $ 5,000 minimum balance |
.70% |
.70% |
| - $ 10,000 minimum balance |
1.00% |
1.00% |
| - $ 25,000 minimum balance |
1.09% |
1.10% |
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| *Interest rates are subject to change without notice.
**APY = Annual Percentage Yield.
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CALL TODAY FOR OUR COMPETITIVE LOCAL MARKET RATES
For more information about MIF loans: Tel: 877.886.3522 (toll free)
Effective May 1, 2012*
 Loans to Established Congregations
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| Adjustable-Rate Mortgages (ARM) |
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| - 1-year term** |
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| - 3-year term |
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| - 5-year term |
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| - 7-year term |
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| Long Term Loans |
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| 10-year Fixed Rate |
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| Loans for Smaller Projects |
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| Adjustable Rate - Interest Rate reviewed after 5 years |
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| Fixed Rate - Maximum amortization of 10 years |
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 Loans For Second Sites
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A reduced-rate for congregations buying or constructing a building for a satellite congregation. Maximum amortization of 25 years; Interest Rate reviewed after 5 years. |
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 Loans and Property Purchases for New-Start Congregations
The Mission Investment Fund makes loans available to new-start congregations at reduced rates to purchase land, or to construct or purchase their first church building. The interest rate is a reduction of 2.5% from the five-year adjustable-rate MIF Long Term loan rate that is in effect at the time. The rate will not be lower than 3.0%. The rate does not adjust during the term. Maximum term is up to10 years with an amortization schedule of 15 years.
MIF will continue to purchase and hold property for mission congregations for up to three years before a new building program. Annual payments of three percent of the value of the property will be applied 100% to reduce the loan necessary to purchase the land and construct a new church building or purchase an existing facility. Property will be transferred to a loan at the new-start rate after the three years it is held by MIF. If a site purchase is delayed, the period of delay will be considered part of the maximum 10-year term noted above. Any such loan (site and building) is considered part of the maximum 10-year term noted above.
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 Loans to ELCA-Related Ministries
These loans finance capital projects such as new buildings, additions, renovations, accessibility projects, "green" initiatives and land purchases for ELCA-related ministries such as seminaries, outdoor ministries, social ministry organizations and colleges and universities. Interest rates will be based on criteria that include, but are not limited to, a ministry's overall financial performance, collateral values as well as historic and future operating performance trends. |
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*Interest rates and terms are subject to change without notice.
** Not available for construction loans. |
The Mission Investment Fund does not charge points or origination fees for loans. Contact a loan administrator at 877.886.3522 for complete loan terms and conditions.
Mission Investment Fund investments are subject to certain risks. See "Risk Factors" in MIF's Offering Circular. MIF investments are not bank accounts. As securities issued by a nonprofit institution, the investments are not insured by FDIC, SIPC or any other federal or state regulatory agency. The securities are sold only by means of the Offering Circular. This is not an offer to sell or a solicitation of an offer to buy the securities described here.
