-
[Please note: This page is part of the Chicago CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]
Prime minus .76% HELOC at Spencer Savings Bank
Spencer Savings Bank has one of the lower variable HELOC rates we’ve seen recently: Their “SpencerFlex” line of credit for owner-occupied properties is Prime – .76%. The home must be a 1-to-4-family New Jersey home, and the HELOC has a minimum conversion balance of $25,000. Lines in excess of $150,000 have application fees starting at $175, and all lines have a conversion fee of $75 (or $125 in the first year). There are also substantial early termination fees.
Spencer Savings Bank has 18 locations, all in New Jersey.