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Borrow Money While Building Funds

Secured Loans allow you to build interest on your savings or CD with interest rates lower than other types of loans. 

Loan Details: 

  • The interest rate for the loan is 2.75% over the pledged account rate
  • Finance limits: Minimum $500 – Maximum $200,000
  • Billed quarterly for interest
  • Access to Online and Mobile Banking Services
  • Subject to prepayment penalty – specific rules apply
  • The principal balance is due at the end of the 360-month term. You can make payments to reduce or pay off your outstanding principal balance at any time, without penalty, during the term.
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Secured Loan Highlights

Securely grow your funds: You can continue to earn interest on your savings or CD while you borrow against it.

Low interest rates: Secured Loans typically offer lower interest rates than other types of loans.

Current Secured Collateral Loan Rates

Annual Percentage Yield Effective Date: 12/13/2023

Loan Term
Interest Rate
APR
360 Months
Pledged account rate +2.750%
Pledged account rate +2.750%

Amortizing Loan

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16 Convenient Locations Throughout Connecticut: