Home Equity Rates

Home Equity Options and Rates

Effective 06/08/26
Rates are subject to change without notice.

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Legal Information & Disclosures

Home Equity Line of Credit¹ Annual Percentage Rate (APR) will be variable (Prime-1.25%) for the first 12 months, and will be based on the highest prime rate published in the Wall Street Journal as published on the first day of each monthly statement cycle, and shall be adjusted on the first business day of each monthly statement cycle. After 12 months, the APR will be variable (Prime -.50%). Effective June 8, 2026: Annual Fee: An annual fee of $50.00 during the draw period applies and will be assessed on the anniversary of your line of credit account. Early Termination Fee: If you close your account within the first 24 months, you will be assessed a $500.00 early termination fee. The maximum APR is 18%. Maximum loan to value is 80%. You will be charged a fee for PeoplesBank to obtain a valuation on the property securing the Home Equity Line of Credit for any request greater than $150,000. You may be required to pay for any inspections related to the property secured by the Home Equity Line of Credit deemed necessary by PeoplesBank. You are required to purchase and maintain adequate property insurance naming PeoplesBank as mortgagee. Collateral property must be a primary or second home and not deemed utilized for investment purposes. An additional 0.25% discount applied if you enroll in autopay from a PeoplesBank account. Minimum line amount is $10,000. As of 12/11/2025, the prime rate is 6.75%. Terms and conditions apply.

Home Equity Line of Credit² Annual Percentage Rate (APR) will be variable (Prime-1.25%) for the first 12 months, and will be based on the highest prime rate published in the Wall Street Journal as published on the first day of each monthly statement cycle, and shall be adjusted on the first business day of each monthly statement cycle. After 12 months, the APR will be variable (Prime +.50%). Effective June 8, 2026: Annual Fee: An annual fee of $50.00 during the draw period applies and will be assessed on the anniversary of your line of credit account. Early Termination Fee: If you close your account within the first 24 months, you will be assessed a $500.00 early termination fee The maximum APR is 18%. Maximum loan to value is 90%. You will be charged a fee for PeoplesBank to obtain a valuation on the property securing the Home Equity Line of Credit for any request greater than $150,000. You may be required to pay for any inspections related to the property secured by the Home Equity Line of Credit deemed necessary by PeoplesBank. You are required to purchase and maintain adequate property insurance naming PeoplesBank as mortgagee. Collateral property must be a primary or second home and not deemed utilized for investment purposes. An additional 0.25% discount applied if you enroll in autopay from a PeoplesBank account. Minimum line amount is $10,000. As of 12/11/2025, the prime rate is 6.75%. Terms and conditions apply.

Fixed Rate, Fixed Term Loans³ are an option of our Home Equity Line program. The Annual Percentage Rate (APR) will be based on a Fixed Rate Index and Margin. The Fixed Rate Index will be based on the highest Prime Rate ("Prime") published in the Wall Street Journal. The Fixed Rate Margin on a five (5) year Fixed Rate/Fixed Term Loan will be 1.00%; on a ten (10) year Fixed Rate/Fixed Term Loan will be 1.50% and on a fifteen (15) year Fixed Rate/Fixed Term Loan will be 2.00%. Minimum APR is 4.00%. The Maximum APR is 18%. Minimum conversion amount is $5,000. As of 12/11/2025, the prime rate is 6.75%.

Home Equity Loan⁴ Annual Percentage Rate (APR) will vary based on the term of repayment selected. The interest rate is fixed for the life of the loan. Loan terms can range from 5 years to 20 years. Rates may vary by state and are based on the state in which the collateral property is located. Collateral property must be a primary or second home and not deemed utilized for investment purposes. Rates subject to change. Maximum loan to value is 90%. You will be charged a fee for PeoplesBank to obtain a valuation on the property securing the Home Equity Loan for any request greater than $150,000. You may be required to pay for any inspections related to the property secured by the Home Equity Loan as deemed necessary by PeoplesBank. You are required to purchase and maintain adequate property insurance naming PeoplesBank as mortgagee. Terms and conditions apply. 

Energy Efficiency Home Equity Loan⁵ offers 0.25 % discount applied off the standard Home Equity Loan rates when at least 50% of the funds is used for the purpose of improvements designed to minimize the home’s environmental impact. You will be required to show documentation of the project highlighting the energy efficiency improvement. Terms and conditions apply.