Rates

Rates

Whether you’re borrowing or saving for the future, the latest rates keep you in the loop so you can better plan.

Rates current as of today, 03/19/2019

Checking

Account Type

Current APY*

INTEREST CHECKING

0.05%

START REWARDING PACKAGE

0.20%

START BENEFITING PACKAGE

0.10%

* Annual Percentage Yield (APY) is accurate as of today and subject to change after the account is opened. Rates are subject to change at any time without notice. $50.00 minimum balance to open: Interest Checking, Start Benefiting and Start Rewarding Accounts. 


Interest Checking: Monthly service charge of $8 is waived with a minimum daily balance of $500 (or direct deposit)


Start Benefiting: Monthly service charge of $8 is waived with a minimum daily balance of $1,000 combined from checking, savings, money market and time deposit (or direct deposit). 

Start Rewarding: Monthly service charge of $20 is waived with a minimum daily balance of $10,000 combined balance from checking, savings, and money market.Tiered 

checking

Savings

Account Type

Current APY*

STATEMENT SAVINGS

0.25%

STUDENT SAVER

0.50% $1,000 and above
0.45% $750 to $999.99
0.40% $500 to $749.99
0.30% $250 to $499.99
0.30% $0 to $249.99

CAMPUS SAVINGS

0.50% $2,500 and above
0.45% $1,500 to $2,499.99
0.40% $1,000 to $1,499.99
0.35% $500 to $999.99
0.30% $0 to $499.99

CLUB STATEMENT SAVINGS

0.35%

PERSONAL MONEY MARKET

0.90% $1,000,000 and above
0.90% $500,000 to $999,999.99
0.80% $100,000 to $499,999.99
0.75% $25,000 to $99,999.99
0.70% $5,000 to $24,999.99
0.65% $0 to $4,999.99

*Annual Percentage Yield (APY) is accurate as of today and subject to change after the account is opened. Rates are subject to change at any time without notice.

Fees may reduce earnings on the account.

Required minimum balance to open accounts for:$25.00, Personal Money Market:$1,000.00, Student Saver:$5.00, Campus Savings:$1.00, and Club Statement Savings:$1.00. Statement Savings must maintain a minimum daily balance of $25 to earn interest rate.

Statement Savings: Monthly service charge of $5 is waived with a minimum daily balance of $50

Student Saver: Only children up to 17 years of age are eligible.

Personal Money Market: Monthly service charge of $10 is waived with a minimum daily balance of $1,000

Time Deposit

Account Type

Current APY*

3 - 5 MONTH**

1.51%

6 - 11 MONTH

1.77%

12 - 23 MONTH

2.02%

24 - 35 MONTH

2.27%

36 - 47 MONTH

2.79%

48 - 59 MONTH

3.04%

60 MONTH

3.30%

*Annual Percentage Yield (APY) is accurate as of today and assumes that interest and principal will remain on deposit until maturity. Rates are subject to change at any time without notice. Minimum deposit of $500 required.

Penalties for early withdrawal may apply, please refer to your Account Agreement for more information. Fees may reduce earnings on the account.

** 3-5 month Time Deposits are not available for any IRA.

Time deposits

mortgage

Unsecured Loans

TERM

ANNUAL PERCENTAGE RATE (APR)*

ESTIMATED MONTHLY PAYMENT^

TO 36 MONTHS (MINIMUM $2,500)

12.24%

$80.95

TO 36 MONTHS (LESS THAN $2,500)

10.74%

$33.09

TO 60 MONTHS (MINIMUM $3,500)

11.00%

$75.22

*All rates are subject to change without notice. All loans are subject to credit approval. Please inquire for more details on loan products.

^Monthly payment amounts are calculated using the least allowable amount financed per loan type using the applicable APR over the maximum allowable term of 36 or 60 months for the life of the loan. For loan amount under $2,500, the loan payment amount assumes a $1,000 amount financed over 36 months at the applicable APR.

Lower rates may be available for customers who pay with their Beneficial checking accounts.  Contact us at 888.742.5272 or stop by a branch to have a Beneficial Conversation with us today!

Home Equity Loans

Fixed Rate Home Equity Loans: First and Second Lien Position

TERM

ANNUAL PERCENTAGE RATE (APR)*

HOME EQUITY 5 YEAR FIXED RATE

5.15%

HOME EQUITY 10 YEAR FIXED RATE

5.30%

HOME EQUITY 15 YEAR FIXED RATE

5.34%

* All rates are subject to change without notice. All loans are subject to credit approval. Please inquire for more details on loan products.

No closing costs on new home equity loans of $50,000 or more. On refinancing existing Beneficial home equity loans, a minimum loan amount of $50,000 must be borrowed with at least $25,000 cash out to waive closing costs. Closing costs range between $270 and $450.

Minimum Loan Amount: $25,000 Maximum Loan Amount: $500,000

Lower rates may be available for customers who pay with their Beneficial accounts.  Contact us at 888.742.5272 or stop by a branch to have a Beneficial Conversation with us today!

Home Equity

Revolving Credit Line

TERM

ANNUAL PERCENTAGE RATE (APR)*

ReadyNOW - UNSECURED †

N/A

HOME EQUITY CREDIT LINE PLUS $25,000-$99,999 ∀

Prime°+1.00%

HOME EQUITY CREDIT LINE PLUS $100,000 AND OVER ∀

Prime°

°Prime refers to the Wall Street Journal Prime Rate. Prime Rate is currently 5.50%.

*All rates are subject to change without notice. All loans are subject to credit approval. Please inquire for details on loan products.

Revolving credit lines have a variable Annual Percentage Rate.

†ReadyNOW Unsecured
The Annual Percentage Rate is variable for ReadyNOW Unsecured. Annual fee of $15. ReadyNOW Unsecured rate Prime° + 5% as of today.

Minimum Loan Amount: $500 Maximum Loan Amount: $10,000

∀Home Equity Credit Line Plus
Available on 1-4 family primary or secondary residences, excluding mobile homes, co-ops, and homes for sale, under construction or on leased land.

Property insurance is, and flood insurance may be, required. Other terms and conditions may apply. The Annual Percentage Rate is variable for Home Equity Credit Line Plus. 18% APR maximum. Interest-only payments during draw period of first ten years. If you pay interest only, you still owe the amounts drawn and your monthly payment will increase when the interest-only period ends. No additional draws may be taken after the draw period. After the draw period, the loan requires monthly payments of principal and interest amortized over 20 years at the rate in effect at the end of the draw period.

Variable rate is determined using the Wall Street Journal Prime Rate plus the disclosed margin.

Maximum loan to value is 80%. No closing costs on new home equity credit lines of $50,000 or more. On refinancing existing Beneficial home equity credit lines, a minimum loan amount of $50,000 must be borrowed with at least $25,000 cash out to waive closing costs. Closing costs range between $270 and $450.

Minimum Loan Amount: $25,000 Maximum Loan Amount: $500,000.

Finance charges begin to accrue immediately when we make an advance to you. To figure the finance charge for each day in a Billing Cycle, we multiply the daily periodic rate by the Daily Balance of your Loan Account Balance on that day. We then add up those daily finance charges to figure the total finance charge for that Billing Cycle. To figure the Daily Balance, we first take your Loan Account Balance at the beginning of each day, and add any new advances, and subtract any payments or credits that apply to debt repayment, and any unpaid finance charges, fees and charges. This gives us the Daily Balance.

Contact us at 888.742.5272 or stop by a branch to have a Beneficial Conversation with us today!

Rates current as of today, 03/19/2019




Beneficial Bank Footer Logo




1818 Beneficial Bank Place
1818 Market Street
Philadelphia, PA 19103

888.742.5272
info@thebeneficial.com
The use of non-secure email is intended for general questions, inquiries and comments only. Confidential Customer information cannot be accepted electronically.


Routing No: 236075689
SWIFT Code: BENFUS33

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