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ALERT
We are currently experiencing technical difficulties with inbound and outbound calls. We apologize for any inconvenience this may cause.

While we work to resolve the issue, we encourage you to check back for updates. In the meantime, you can still access your accounts securely by logging into Digital Banking or stopping by any of our convenient 14 branches.

Thank you for your patience and understanding.

 

 

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    Interest Rate

    Interest Rate

    A percentage of a loan or deposit balance that is charged by a lender or financial institution for the use of its money.

    More Details

    An interest rate is the cost of borrowing money or the return on an investment, expressed as a percentage of the principal (the amount borrowed or invested).

    Example

    If you have a credit card, you may be charged interest on your unpaid balances. The interest rate on your credit card will be listed in your credit card agreement and may vary based on your credit score and the type of card you have.

    Related Terms

    Home Equity Line of Credit (HELOC)

    HELOC stands for home equity line of credit, which is a type of loan that allows a homeowner to borrow against the equity in their property.

    Learn More

    Digital Banking

    The use of electronic devices, such as computers and smartphones, to access and manage one's bank account and carry out financial transactions.

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    Grace Period

    A set amount of time after a payment is due during which a late fee will not be charged.

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