Save up to $498 with a Lake Area Bank home equity line of credit1
Lake Area Bank's rate for a
$50,000 home equity line of credit beats the Hugo, MN average
by up to
7%
and is eligible for a Datatrac Great Rate Award and saving you as much as $498 over 3 years.
Select Type
Lake Area Bank - Home Equity - LOC 80%
7.50% APR2
Hugo, MN Market Average - Home Equity - LOC 80%
8.10% APR2
About Datatrac
Datatrac is an independent, unbiased research firm that has monitored deposit and loan rates, fees and product features for over 25 years on more than 317,956 financial institutions locations in America. Datatrac Great Rate Awards certify that deposit and loan rates outperform the market average for comparable products. www.datatrac.net
- $498 is the difference between the amount paid in interest between Lake Area Bank's rate at 7.50% APR compared to 8.10% APR for the Hugo, MN market average on a $50,000 home equity line of credit over 3 years.
- APR=Annual Percentage Rate. Datatrac’s comprehensive, unbiased research and analysis is updated each
business day and is conducted independent of any financial institution. There is no guarantee that you will receive the rates or terms displayed herein. Actual rates and terms are in the full discretion of the financial institution and are subject to your credit rating and other factors. Please contact Lake Area Bank directly with any questions regarding their current rates and terms.
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