Allows you to borrow, using your own savings as the collateral. Instead of using all your savings to make a purchase, thus losing out on all future dividends and your emergency safety net, you’re borrowing against that sum while your money stays in your account and continues to earn dividends!
What are some ways you can use a secured loan?
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Home or auto repairs
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Education costs
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New appliances
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Tax payments
If you are ready, now is the time to talk to a loan consultant, call 727.431.7690 or apply online to open your share and cd secured loan.
A typical Savings Secured loan of $5,000, with a term of 60 months and an APR of 1.92% (rate based on a margin of 1.89%+current dividend rate) would require monthly payments of $87.14. Interest rate may vary resulting in an increase or decrease in the number of monthly payments required. A typical Certificate of Deposit Secured loan of $5,000, with a term of 36 months and an APR of 2.49% (rate based on a margin of 1.89%+ dividend rate) would require monthly payments of $144.30. Savings secured loan rates will change based on the fluctuation of the savings account’s rate. Certificate Loan rate is fixed for the term of the certificate.