News & Updates

Installment Service Purchase Interest Rate for Accounts Activated July 1, 2008 through June 30, 2009

A fixed rate of interest applies to the unpaid balance of an installment service purchase for the duration of the installment. The interest rate for new participants in this program is adjusted every July 1 to the prime rate plus 2 percent.

 

The interest rate for new installment accounts activated July 1, 2008, through June 30, 2009, will be 7 percent. The interest rate is fixed for the term and does not change for members who are already purchasing service through the Installment Service Purchase program.

 

The interest rate for new installment accounts activated July 1, 2007, through June 30, 2008, is 10.25 percent.