Posted Interest Rates
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 always 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.
|Planned Advance Account term||Planned Advance Account Interest Rate||Lump Sum Account Interest Term||Lump Sum Account Term||Closing and Administration Costs1||Annual Percentage Rate(APR)2|