Current Rates
Current Investment and Loan Rates
Investments
Effective November 1, 2008*
|
APR** |
APY** |
| MissionPlus |
| - Tier 1: $100 - $9,999 |
2.0% |
2.02% |
| - Tier 2: $10,000 - $24,999 |
2.5% |
2.53% |
| - Tier 3: $25,000 - $99,999 |
3.0% |
3.03% |
| - Tier 4: $100,000+ |
3.5% |
3.56% |
|
| MissionFuture4Kidz |
2.8% |
2.83% |
| MissionFirst |
1.5% |
1.51% |
| - IRA/CESA -- Adjustable Rate |
2.0% |
2.02% |
| - Health Savings Account -- Adjustable Rate |
| - Tier 1: $100 - $4,999 |
2.0% |
2.02% |
| - Tier 2: $5,000 - $9,999 |
2.5% |
2.53% |
| - Tier 3: $10,000 - $24,999 |
3.0% |
3.03% |
| - Tier 4: $25,000+ |
3.5% |
3.56% |
| MissionTermSelect -- Adjustable Rate |
| - 1-year term |
1.5% |
1.51% |
| - 3-year term |
1.9% |
1.91% |
| - 5-year term |
2.8% |
2.83% |
| - 7-year term |
3.7% |
3.75% |
|
|
|
| MissionTermSelect -- Fixed Rate |
| - 1-year term |
3.50% |
3.55% |
| - 2-year term |
4.25% |
4.32% |
| - 4-year term |
4.75% |
4.84% |
| - 6-year term |
5.25% |
5.35% |
|
|
|
| MissionTermSelectGrand -- Fixed Rate |
| - 1-year term |
3.75% |
3.80% |
| - 2-year term |
4.50% |
4.58% |
| - 3-year term |
4.75% |
4.84% |
*Interest rates are subject to change without notice.
**APR = Annual Percentage Rate. APY = Annual Percentage Yield.
A MissionTermSelect or MissionTermSelectGrand investment may be held in a Traditional or Roth Individual Retirement Account or in a Coverdell Education Savings Account with UMB Bank, n.a., as custodian.
NEW: MissionTermSelect, MissionTermSelectGrand and MissionFirst investments that are held as Individual Retirement Accounts earn a .20% (APR) higher rate than the standard term investments. This rate is in effect through April 15, 2009.
Loans
Effective November 1, 2008*
Loans for Established Congregations |
APR** |
| Long Term Loans -- Adjustable Rate |
6.25% |
| Long Term Loans -- Fixed Rate |
6.625% |
| Construction Loans |
7.375% |
| Loans for Smaller Projects -- Adjustable Rate |
7.375% |
| Loans for Smaller Projects -- Fixed Rate |
7.625% |
| Loans for Second Sites |
5.25% |
Loans for New Congregations
Initial Vacant-Site Loan: 0% interest for 2 years, followed by 2% interest for 5 years
Initial Building Program Loan: 3% for 7 years, with an amortization schedule of no more than
15 years
*Interest rates and terms are subject to change without notice.
**APR = Annual Percentage Rate.
The Mission Investment Fund does not charge points, origination fees or pre-payment penalties 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" following the introduction in the Offering Circular. MIF investments are not bank accounts. As securities issued by a non-profit institution, the investments are not insured by the FDIC, SIPC or any other federal or state regulatory agency. The securities are sold only by means of the Offering Circular. This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein.