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Rates

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Deposits

Checking

High Interest Checking

High Interest Checking Dividend Rate  APY 
Promo HINT Rate for 12 Months for New Accountholders on Balances up to $20,000 3.92% 4.00%
Balances up to $20,000 1.98% 2.00%
Balances > $20,000 0.10% 0.10%
Non-Qualifying Rate 0.05% 0.05%

Promo High Interest Checking (Promo HINT) is a High Interest Checking account with blended rate tiers, meaning the stated dividend rate will be paid on the portion of the balance for each tier. Tier 1 earns a promotional 4.00% fixed Annual Percentage Yield (APY) on balances up to $20,000.00 for the first 12 months from the account opening date. Tier 2 pays a blended APY ranging from 0.10% to 1.66% on balances from $20,000.01 to $50,000.00 and is variable and may change at any time without notice. To earn Tier 1 or Tier 2 dividends rates, 15 qualifying transactions must be performed during each statement cycle. Accounts not meeting the qualifying transaction threshold will earn 0.05% APY which is variable and may change at any time. Rates are accurate as of February 1, 2023. On the first day of the month following the account opening anniversary month, the Promo HINT APY will automatically convert to the then current non-promotional High Interest Checking account APY which is variable and may change at any time without notice. Current High Interest Checking account holders and those with High Interest Checking accounts closed less than 180 days are not eligible. An existing High Interest Checking account cannot be converted to the Promo HINT. Limit one Promo HINT per person. Other qualifications may apply. Promotional offer may be discontinued at any time. Only the following are qualifying transactions: Debit card purchases, checks, bill payments, ATM withdrawals and ACH withdrawals. No other transactions qualify. At least one account holder must be at least 18 years old. Fees may reduce earnings.

High Interest Checking Account pays dividends using blended rate tiers meaning the stated dividend rate will be paid on the portion of the balance for each tier. The Annual Percentage Yield (APY) for Tier 1 is 2.00% on balances up to $20,000.00 and the Tier 2 APY ranges from 0.10% to 0.86% on balances from $20,000.01 to $50,000.00. To earn Tier 1 or Tier 2 dividend rates, 15 qualifying transactions must be performed during each statement cycle. Accounts not meeting the qualifying transaction threshold will earn 0.05% APY. Rates accurate as of February 1, 2023. All rates are variable and may change without notice at any time. Only the following are qualifying transactions: Debit card purchases, checks, bill payments, ATM withdrawals and ACH withdrawals. No other transactions qualify. At least one account holder must be at least 18 years old. Fees may reduce earnings.

Savings

Member Savings Account

Member Savings Dividend Rate  APY 
$100 - $2,499 0.10% 0.10%
$2,500 - $49,999 0.15% 0.15%
$50,000 and Above 0.20% 0.20%

Member Savings Annual Percentage Yield (APY) effective as of February 1, 2023, and may change after account opening without notice. Average daily balance of $100 required to earn dividends. $5 required minimum balance to open the account. No monthly Maintenance Service Charge. Fees may reduce earnings. 

Helium Savings Account

Helium Savings Dividend Rate  APY 
$0.01 - $2,499 0.10% 0.10%
$2,500 - $9,999 0.99% 1.00%
$10,000 and Above 0.99% 1.00%

Helium Savings Annual Percentage Yield (APY) effective as of February 1, 2023, and may change after account opening without notice. $5 required minimum balance to open the account. No monthly Maintenance Service Charge. Fees may reduce earnings. 

Hideaway Savings Account

Hideaway Savings Dividend Rate  APY 
$100 and Above 0.20% 0.20%

Hideaway Savings Annual Percentage Yield (APY) effective as of February 1, 2023, and may change after account opening without notice. Average daily balance of $100 required to earn dividends. Fees may reduce earnings. No monthly Maintenance Service Charge. No minimum balance requirements apply. 

Youth Savings Account

Youth Savings Dividend Rate  APY 
$100 and Above 0.25% 0.25%

The Grow Account Annual Percentage Yield (APY) effective as of February 1, 2023, and may change after account opening without notice. Average daily balance of $100 required to earn dividends. If you maintain a minimum average daily balance (ADB) of $500 for a quarter, you will receive a bonus dividend, paid at the end of the quarter. The bonus dividend will be equal to the cumulative dividends paid during that quarter. The ADB is calculated by adding the full amount of the principal in the account each day for the period and dividing the figure by the number of days in the period. Fees may reduce earnings. For opening the Grow Account, the age restriction is under 18 years old.

 

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Certificate

Certificates

Certificate Dividend Rate  APY 
6 Month Term 2.43% 2.50%
1 Year Term 2.53% 2.60%
13 Month Term Special* 3.87% 4.00%
18 Month Term Special* 4.01% 4.15%
2 Year Term 2.63% 2.70%
3 Year Term 2.72% 2.80%
4 Year Term 2.82% 2.90%
5 Year Term 2.91% 3.00%

Certificate Annual Percentage Yield (APY) effective as of February 1, 2023, and may change without notice. Fees may reduce earnings. Penalty for early withdrawal. *Limited Time Certificates Special — Limited-time offer may be withdrawn at any time. Unless redeemed, upon maturity, the 13-month certificate will automatically reinvest into a 12-month certificate at the then current APY; the 18-month certificate will automatically reinvest into an 18-month certificate at the then current APY.

Minimum certificate deposit of $1,000. Minimum required to open a child’s certificate is $500; child must be under 18 years of age. Minimum of $500 balance required to earn dividends. We may impose a penalty if you withdraw any of the principal before maturity. Elements reserves the right to limit the balance of a certificate at any time.

IRA

IRAs

IRAs Dividend Rate  APY 
6 Month Term 2.43% 2.50%
1 Year Term 2.53% 2.60%
13 Month Term Special* 3.87% 4.00%
18 Month Term Special* 4.01% 4.15%
2 Year Term 2.63% 2.70%
3 Year Term 2.72% 2.80%
4 Year Term 2.82% 2.90%
5 Year Term 2.91% 3.00%

IRA Annual Percentage Yield (APY) effective as of February 1, 2023, and may change without notice. Fees may reduce earnings. *Limited Time Certificates Special — Limited-time offer may be withdrawn at any time. Unless redeemed, upon maturity, the 13-month certificate will automatically reinvest into a 12-month certificate at the then current APY; the 18-month certificate will automatically reinvest into an 18-month certificate at the then current APY. Elements reserves the right to limit the balance of a certificate at any time.


IRA Savings

IRA Savings Dividend Rate  APY 
All Balances 0.21% 0.21%

IRA Annual Percentage Yield (APY) effective as of February 1, 2023,  and may change without notice. Fees may reduce earnings.

Health Savings Account (HSA)

Health Savings Account

Health Savings Account (HSA) Dividend Rate  APY 
$0 - $2,499 0.10% 0.10%
$2,500 - $9,999 0.30% 0.30%
$10,000 - $24,999 0.30% 0.30%
$25,000 and Above 0.49% 0.50%

Health Savings Account Annual Percentage Yield (APY) effective as of February 1, 2023, and may change after account opening without notice. Fees may reduce earnings.

Loans

Mortgage

Fixed-Rate Mortgages

Fixed-Rate Mortgage Purchase Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30-Year Fixed 5.875% 5.918% 0.000 $1,419.69 360
20-Year Fixed 5.625% 5.682% 0.000 $1,667.92 240
15-Year Fixed 5.250% 5.321% 0.000 $1,929.31 180
10-Year Fixed 5.375% 5.476% -0.125 $2,589.79 120
7-Year Fixed 5.375% 5.515% 0.000 $3,434.59 84
5-Year Fixed 5.375% 5.566% 0.000 $4,570.44 60

Fixed Rates effective as of February 3, 2023. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $240,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those listed.

Fixed-Rate Mortgage Refinance Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30-Year Fixed 5.875% 5.918% 0.000 $1,419.69 360
20-Year Fixed 5.625% 5.682% 0.000 $1,667.92 240
15-Year Fixed 5.250% 5.321% 0.000 $1,929.31 180
10-Year Fixed 5.375% 5.476% -0.125 $2,589.79 120
7-Year Fixed 5.375% 5.515% 0.000 $3,434.59 84
5-Year Fixed 5.375% 5.566% 0.000 $4,570.44 60

Fixed Rates effective as of February 3, 2023. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $240,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those listed.

Adjustable Rate Mortgages

Adjustable Rate Mortgage Purchase Interest Rate  APR  Points  Initial Monthly Payment Maximum Monthly Payment
5/5 ARM 30 Year 5.625% 5.278% 0.000
Months 1-60
$1,381.58
Months 61-360
$2,032.00
7/6 ARM 30 Year 5.875% 6.642% 0.000
Months 1-84
$1,419.69
Months 85-360
$2,124.00
5/6 ARM 30 Year 5.500% 6.671% 0.000
Months 1-60
$1,362.69
Months 61-360
$2,076.00
3/6 ARM 30 Year 5.375% 6.898% 0.000
Months 1-36
$1,343.93
Months 37-360
$2,096.00

Adjustable Rates effective as of February 3, 2023. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $240,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about ARM products with terms other than those listed.

The 5/5 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every 5 years up to the 15th year at which the interest rate can increase or decrease annually based on the average yield of the 5-year treasury, plus our margin (2.25%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

The 7/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 7 years (84 payments). After the initial seven-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial seven-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 85-360 is based on the current index plus the margin (fully indexed rate).

The 3/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 3 years (36 payments). After the initial three-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial three-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 37-360 is based on the current index plus the margin (fully indexed rate).

The 5/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

Adjustable Rate Mortgage Refinance Interest Rate  APR  Points  Initial Monthly Payment Maximum Monthly Payment
5/5 ARM 30 Year 5.625% 5.278% 0.000
Months 1-60
$1,381.58
Months 61-360
$2,032.00
7/6 ARM 30 Year 5.875% 6.642% 0.000
Months 1-84
$1,419.69
Months 85-360
$2,124.00
5/6 ARM 30 Year 5.500% 6.671% 0.000
Months 1-60
$1,362.69
Months 61-360
$2,076.00
3/6 ARM 30 Year 5.375% 6.898% 0.000
Months 1-36
$1,343.93
Months 37-360
$2,096.00

Adjustable Rates effective as of February 3, 2023. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $240,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about ARM products with terms other than those listed.

The 5/5 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every 5 years up to the 15th year at which the interest rate can increase or decrease annually based on the average yield of the 5-year treasury, plus our margin (2.25%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

The 7/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 7 years (84 payments). After the initial seven-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial seven-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 85-360 is based on the current index plus the margin (fully indexed rate).

The 5/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

The 3/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 3 years (36 payments). After the initial three-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial three-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 37-360 is based on the current index plus the margin (fully indexed rate).

First-Time Homebuyer Mortgages

Fixed-Rate Options Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30-Year Fixed 6.250% 6.294% 0.000 $1,462.33 360
20-Year Fixed 6.000% 6.058% 0.000 $1,701.52 240
15-Year Fixed 5.625% 5.697% 0.000 $1,956.36 180

First Time Homebuyer Rates effective as of February 3, 2023. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 95% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on purchase price of $250,000, FICO® score of 740 or greater, 5% or more down payment, and loan amount of $237,500; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those listed.

Adjustable Rate Options Interest Rate  APR  Initial Monthly Payment Maximum Monthly Payment
5/5 ARM 30 5.875% 5.918%
Months 1-60
$1,404.90
Months 61-360
$2,173.00
7/6 ARM 30 6.125% 6.769%
Months 1-84
$1,443.08
Months 85-360
$2,149.00

Adjustable Rates effective as of February 3, 2023. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $250,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $237,500; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about ARM products with terms other than those listed.

The 5/5 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every 5 years up to the 15th year at which the interest rate can increase or decrease annually based on the average yield of the 5-year treasury, plus our margin (2.25%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

The 7/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 7 years (84 payments). After the initial seven-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial seven-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 85-360 is based on the current index plus the margin (fully indexed rate).

Refinance Mortgages

Fixed-Rate Options Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30-Year Fixed 5.875% 5.918% 0.000 $1,419.69 360
20-Year Fixed 5.625% 5.682% 0.000 $1,667.92 240
15-Year Fixed 5.250% 5.321% 0.000 $1,929.31 180
10-Year Fixed 5.375% 5.476% -0.125 $2,589.79 120
7-Year Fixed 5.375% 5.515% 0.000 $3,434.59 84
5-Year Fixed 5.375% 5.566% 0.000 $4,570.44 60

Fixed Rates effective as of February 3, 2023. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $240,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those listed.

Adjustable Rate Options Interest Rate  APR  Points  Initial Monthly Payment Maximum Monthly Payment
5/5 ARM 30 Year 5.625% 5.278% 0.000
Months 1-60
$1,381.58
Months 61-360
$2,032.00
7/6 ARM 30 Year 5.875% 6.642% 0.000
Months 1-84
$1,419.69
Months 85-360
$2,124.00
5/6 ARM 30 Year 5.500% 6.671% 0.000
Months 1-60
$1,362.69
Months 61-360
$2,076.00
3/6 ARM 30 Year 5.375% 6.898% 0.000
Months 1-36
$1,343.93
Months 37-360
$2,096.00

Adjustable Rates effective as of February 3, 2023. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $240,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about ARM products with terms other than those listed.

The 5/5 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every 5 years up to the 15th year at which the interest rate can increase or decrease annually based on the average yield of the 5-year treasury, plus our margin (2.25%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

The 7/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 7 years (84 payments). After the initial seven-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial seven-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 85-360 is based on the current index plus the margin (fully indexed rate).

The 5/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

The 3/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 3 years (36 payments). After the initial three-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial three-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 37-360 is based on the current index plus the margin (fully indexed rate).

Jumbo Loans

Call 1-800-561-9433 for Land Loan Rates

Single-Close Construction Loans

Call 1-800-561-9433 for Single-Close Construction Loan Rates

Land Loans

Call 1-800-561-9433 for Land Loan Rates

FHA Loans

Call 1-800-561-9433 for FHA Loan Rates

VA Loans

Call 1-800-561-9433 for VA Loan Rates

USDA Loans

Call 1-800-561-9433 for USDA Loan Rates

 

Compare Mortgages

Home Equity

Home Equity Loans

Home Equity Loan Interest Rate  APR  Points  Monthly Payment
10 Year Fixed 8.590% 9.090% 0.000 $631.00
15 Year Fixed 8.840% 9.210% 0.000 $509.00

Payments shown do not include taxes and insurance premiums. Rates are based on an evaluation of credit history, combined loan-to-value ratio, loan term, and occupancy, so your rate may differ. Not all applicants will qualify for the displayed lowest rates. Annual Percentage Rates (APR), effective February 1, 2023, and example monthly payments are calculated using loan amounts of $50,000, a credit score of 730 or greater and combined loan-to-value of 80% for a single-family residence and estimated closing costs of $631.00 for the 10-year and $509.00 for the 15-year. A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms, and conditions are subject to change without notice.

Home Equity Lines of Credit

Home Equity Line of Credit 6-Month Intro Interest Rate 6-Month Intro APR Interest Rate  APR  Points 
Home Equity Line of Credit 3.99% 3.99% 7.75% 7.75% 0.000

Rates are based on an evaluation of credit history, combined loan-to-value ratio, loan term, and occupancy, so your rate may differ. Not all applicants will qualify for the displayed lowest rates. The term is 25 years, consisting of a 10-year draw period with interest-only payments followed by a 15-year repayment period with principal plus interest, which may increase your monthly payments. The Introductory Annual Percentage Rate (APR) of 3.99% is for new Home Equity Lines of Credit only and is for the first six months. To receive the Introductory rate, a draw of at least $10,000 must be made within 30 days of account opening. After the introductory rate expires, balances will be charged at the variable APR based upon the Prime rate as published in The Wall Street Journal plus a margin. The APR will never be lower than 3.75% or higher than 18%. The stated rate, correct as of February 2, 2023, applies to borrowers with credit scores of 730 or greater, CLTV 80% or less, and owner-occupied single-family residences. Elements Financial will pay flood determination fee, title search, and simple valuation. You may be required to pay other costs such as recording fees, taxes, and when required, appraisal fees. These costs vary by state and property type. Elements Financial reserves the right to modify or end this offer at any time. Additional terms and conditions may apply. Subject to credit approval. Elements Financial Membership Required.

Home Improvement Loans

Home Improvement Loan Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
Unsecured 8.34% 8.58% $517.99 60
Secured 10 Year Fixed 9.09% 9.80% 0.000 $322.66 120
Secured 15 Year Fixed 9.84% 10.39% 0.000 $270.52 180

Unsecured Fixed Rate Home Improvement Loan: Annual Percentage Rate (APR) effective as of February 1, 2023, and subject to change without notice. Each individual's APR is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates. A $140 processing fee applies to all Fixed-Rate Unsecured Home Improvement Loan applications. APR calculation and example monthly payments based on loan amount of $25,000, FICO® score of 730 or greater, and term of 60 months. Rate includes 0.25% reduction for automated payments. Additional conditions may apply. Subject to credit approval. Maximum Loan Amount of $25,000.

Secured Home Improvement Closed-End Loan: Annual Percentage Rate (APR) effective as of February 1, 2023, and subject to change without notice. Combined Loan to Value 101% to 133%. Maximum Loan Amount of $250,000. APRs above are calculated using loan amounts of $50,000, credit score of 710 or greater and loan to value of greater than 100% for a single-family residence. Closing Costs: A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. The actual closing costs generally range between $500 to $1,200, depending on the location of the property, the amount of the loan and other factors. Example Monthly Payments: Are figured on loan amounts of $50,000 and do not include hazard insurance, property taxes, or flood insurance. Your actual payment may be higher. Each individual's APR is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates. Tax Deductibility: Elements Financial does not offer tax advice. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms, and conditions are subject to change without notice.


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Auto Loan

Auto Loans

Auto Loan Interest Rate  APR  Monthly Payment Loan Term (Months)
New & Used 2022+ 5.04% 5.04% $694.55 48
Used 2020-2021 5.19% 5.19% $694.55 48
Used 2018-2019 5.69% 5.69% $703.45 48
Used 2016-2017 6.44% 6.44% $713.80 48

Rates effective February 1, 2023, subject to change without notice. Each individual’s Annual Percentage Rate (APR) is determined by Elements’ underwriting criteria. Rate may vary depending on credit history, vehicle model year, and loan term. Not all applicants will qualify for the displayed lowest rate. Promotional rate includes 1.00% reduction for automated payments from an Elements checking account set up at closing. First payment due 90 days from loan funding. APR calculation and estimated monthly payment of $694.55 based on loan amount of $30,000, FICO® score of 730 or greater, term of 48 months, and the loan being a purchase or non-Elements Financial auto loan refinance. Payment shown does not include taxes or insurance premiums. Additional conditions may apply. Subject to credit approval. Offer available for auto loans closed February 1-28, 2023. Third-party refinance vendors transactions are not eligible for current promo rate. FICO score less than 640 not eligible for promotional rate or 90 days to first payment. Elements may end offer at any time. Rates subject to change.

Elements Financial refinances subject to $200 refinance fee.

Boat/RV Loan

Boat Loans

Boat Loan Interest Rate  APR  Monthly Payment Loan Term (Months)
New & Used 2016+ 7.34% 7.72% $357.85 120

Rates effective as of February 1, 2023, and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates. A $140 processing fee applies to all booked Boat Loan applications. Boats 2015 or newer — APR calculation and example monthly payments based on loan amount of $30,000, FICO® score of 730 or greater, and term of 120 months. Rate includes 0.25% reduction for automated payments from an Elements checking account. Additional conditions may apply. Subject to credit approval. Payments shown do not include taxes and insurance premiums.

RV Loans

RV Loan Interest Rate  APR  Monthly Payment Loan Term (Months)
New & Used 2016+ 7.34% 7.72% $357.85 120

Rates effective as of February 1, 2023, and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates. A $140 processing fee applies to all booked RV Loan applications. RVs 2015 or newer — APR calculation and example monthly payments based on loan amount of $30,000, FICO® score of 730 or greater, and term of 120 months. Rate includes 0.25% reduction for automated payments from an Elements checking account. Additional conditions may apply. Subject to credit approval. Payments shown do not include taxes and insurance premiums.

Motorcycle/ATV Loan

Motorcycle and ATV Loans

Motorcycle & ATV Loan Interest Rate  APR  Monthly Payment Loan Term (Months)
New & Used 2016+ 7.84% 8.58% $613.77 60

Rates effective as of February 1, 2023and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates. A $140 processing fee applies to all booked Motorcycle and ATV loan applications. Motorcycle and ATVs 2015 or newer — APR calculation and example monthly payments based on loan amount of $30,000, FICO® score of 730 or greater, and term of 60 months. Rate includes 0.25% reduction for automated payments from an Elements checking account. Additional conditions may apply. Subject to credit approval. Payments shown do not include taxes and insurance premiums. 

Personal Loan

EZ Line of Credit

EZ Line of Credit Interest Rate  APR 
EZ Line of Credit 11.74% 11.74%

Rates effective as of February 1, 2023, and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates. Subject to credit approval.

Credit Builder Loans

Credit Builder Loan Interest Rate  APR 
Credit Builder Loan 5.00% 5.00%

Rates effective as of February 1, 2023, and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates. Subject to credit approval.

Unsecured Signature Loans

Unsecured Signature Loan Interest Rate  APR  Monthly Payment Loan Term (Months)
Unsecured Signature Loan 8.84% 9.84% $755.05 48

Rates effective as of February 1, 2023, and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates. Subject to credit approval.

Certificate Loans


You can borrow up to the full amount of your Elements certificate at 2% above your current savings rate.


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Credit Cards

Credit Card

Signature Rewards Visa Cards

Signature Rewards Visa Purchases & Balance Transfers
Introductory APR for 6 Months  0%
Variable APR after 6-Month Intro Period  15.49%
Balance Transfer Fee  0%

Signature Rewards Visa Introductory APR (Annual Percentage Rate) good for six months. Elements Financial loans are not eligible for payoff with introductory balance transfer offers. Subject to credit approval. Additional limitations, terms, and conditions apply. After introductory period your Standard variable APR for Purchases and Balance Transfers will be 15.49% for Signature Rewards Visa. Rate effective February 2, 2023, and will vary with the market based on the Prime Rate as published in The Wall Street Journal. Elements reserves the right to amend or discontinue offers at any time. Terms & Conditions.

Platinum Visa Cards

Platinum Visa Purchases & Balance Transfers
Introductory APR for 6 Months  0%
Variable APR after 6-Month Intro Period  13.49%
Balance Transfer Fee  0%

Platinum Visa Introductory APR (Annual Percentage Rate) good for six months. Elements Financial loans are not eligible for payoff with introductory balance transfer offers. Subject to credit approval. Additional limitations, terms, and conditions apply. After introductory period your Standard variable APR for Purchases and Balance Transfers will be 13.49% for Platinum Visa. Rate effective February 2, 2023, and will vary with the market based on the Prime Rate as published in The Wall Street Journal. Elements reserves the right to amend or discontinue offers at any time. Terms & Conditions.

Cash Rewards Visa Cards

Cash Rewards Visa Purchases & Balance Transfers
Introductory APR for 6 Months  0%
Variable APR after 6-Month Intro Period  17.49%
Balance Transfer Fee  0%

Cash Rewards Visa Introductory APR (Annual Percentage Rate) good for six months. Elements Financial loans are not eligible for payoff with introductory balance transfer offers. Subject to credit approval. Additional limitations, terms, and conditions apply. After introductory period your Standard variable APR for Purchases and Balance Transfers will be 17.49% for Cash Rewards Visa. Rate effective February 2, 2023, and will vary with the market based on the Prime Rate as published in The Wall Street Journal. Elements reserves the right to amend or discontinue offers at any time. Terms & Conditions.

Butler University Rewards Visa Cards

Butler University Rewards Visa Purchases & Balance Transfers
Introductory APR for 6 Months  0%
Variable APR after 6-Month Intro Period  17.49%
Balance Transfer Fee  0%

Butler University Rewards Visa Introductory APR (Annual Percentage Rate) good for six months. Elements Financial loans are not eligible for payoff with introductory balance transfer offers. Subject to credit approval. Additional limitations, terms, and conditions apply. After introductory period your Standard variable APR for Purchases and Balance Transfers will be 17.49% for Butler University Rewards Visa. Rate effective February 2, 2023, and will vary with the market based on the Prime Rate as published in The Wall Street Journal. Elements reserves the right to amend or discontinue offers at any time. Terms & Conditions.

Indianapolis Indians Signature Rewards Visa Cards

Indianapolis Indians Signature Rewards Visa Purchases & Balance Transfers
Introductory APR for 6 Months  0%
Variable APR after 6-Month Intro Period  15.49%
Balance Transfer Fee  0%

Indianapolis Indians Signature Rewards Visa Introductory APR (Annual Percentage Rate) good for six months. Elements Financial loans are not eligible for payoff with introductory balance transfer offers. Subject to credit approval. Additional limitations, terms, and conditions apply. After introductory period your Standard variable APR for Purchases and Balance Transfers will be 15.49% for Signature Rewards Visa. Rate effective February 2, 2023, and will vary with the market based on the Prime Rate as published in The Wall Street Journal. Elements reserves the right to amend or discontinue offers at any time. Terms & Conditions.

Riley Children's Foundation Visa Cards

Riley Children's Foundation Visa Purchases & Balance Transfers
Introductory APR for 6 Months  0%
Variable APR after 6-Month Intro Period  13.49%
Balance Transfer Fee  1%

Riley Children's Foundation Visa Introductory APR (Annual Percentage Rate) good for six months. Elements Financial loans are not eligible for payoff with introductory balance transfer offers. Subject to credit approval. Additional limitations, terms, and conditions apply. After introductory period your Standard variable APR for Purchases and Balance Transfers will be 13.49% for Riley Children's Foundation Visa. Rate effective February 2, 2023, and will vary with the market based on the Prime Rate as published in The Wall Street Journal. Elements reserves the right to amend or discontinue offers at any time. Terms & Conditions.

Secured Visa Cards

Secured Visa Purchases Balance Transfers
Variable APR  17.49% 17.49%
Balance Transfer Fee  3%

APR stands for Annual Percentage Rate. Subject to credit approval. Additional limitations, terms, and conditions apply. Rate effective February 2, 2023, and will vary with the market based on the Prime Rate as published in The Wall Street Journal. Terms & Conditions.

 

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Business Products

Business Savings

Business Premium Money Market Account

Business Premium Money Market Savings Dividend Rate  APY 
$0.01 - $2,499.99 0.74% 0.75%
$2,500.00 - $9,999.99 0.74% 0.75%
$10,000.00 - $24,999.99 0.74% 0.75%
$25,000.00 - $49,999.99 1.49% 1.50%
$50,000.00 - $99,999.99 2.22% 2.25%
$100,000.00 - $249,999.99 2.96% 3.00%
$250,000.00 and Above 3.44% 3.50%

Rates effective as of February 3, 2023, and may change after account opening without notice. Fees may reduce earnings.

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