At-A-Glance Solution Overview


  • Intro 2.49% APR*, adjusts to 5.50% APR* after 12 months
  • Transfer money from your line in increments of $500 or more
  • Possible tax benefits**
  • No application or processing fees 
  • Pay interest only on the portion of the credit line in use


  • Competitive, fixed rates with multiple terms available 
  • Earn better rates with automatic monthly payments
  • Eligible for possible tax breaks**

Home Equity Fixed Loan

3.875% APR*
5 Year Term

Learn More: Compare the repayment terms of a home equity loan and line of credit.

Whether you need money in your pocket or are looking to consolidate bills, we have a home equity solution for you. Apply online or at any of our conveniently located CT and RI bank branches.

*The Annual Percentage Rate (APR) is as of 12/20/18 and available for owner occupied 1-2 family residences with 20% equity and not currently listed for sale. Property insurance required. Min. Loan $10,000/Max Loan $250,000. Rates subject to change. The APR is variable based on the Prime Rate as published in the Wall Street Journal Eastern Edition as of 12/20/18. The initial APR is 2.49% and is not available for existing Savings Institute Bank & Trust Home Equity Line of Credit customers. This rate is in effect for 12 months. The non-discounted rate would be 5.50% APR, variable. Max APR is 18%. Prepayment penalty is the lesser of 2% of the credit line or $500.00 if paid off within the first 36 billing cycles. $50.00 annual fee is waived first year. Ask us how this fee can be avoided every year. 
**Consult your tax advisor.