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Current Income Advantage Interest Rates

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HomeEquity Bank Prime Rate: 3.95%

IMPORTANT: As per the terms of your mortgage agreement, for Contracts 31 and 32, the Lump Sum Account must have a 5 year fixed interest rate term. The Planned Advance Account must have a variable interest rate term. The applicable interest rates can be found in the table below.

The following is a summary of the current Income Advantage interest rates and terms offered by HomeEquity Bank.


These fees and interest rates may vary based on individual circumstances, including any additional rate premiums added on your file.

1 These fees may vary based on individual circumstances.

APR is for 5 years based on $2,000 per month in planned advances and a $30,000 initial advance. It is not for the full period of the mortgage and includes the applicable closing costs.

3 Variable refers to the HomeEquity Bank Prime Rate plus a fixed spread of 1.99%. The fixed spread is guaranteed for 5 years.