Rev-Up Savings with an Auto Savings Loan
With our Auto Savings Loan, you'll create an out-of-sight, out-of-mind savings plan that help you set aside For as long as you borrow on your auto, you'll also build a savings account - it's automatic and easy!
- Save at the same rate that you're paying on your loan- Find out what you could build your Auto Savings account to
- Call 888.835.5151 for 24/7 person-to-person loan decisions or apply online
- Competitive loan rates
- No application fee!
Here's how it works
When you open your auto loan, you can elect to contribute a monthly amount to your Auto Savings account, up to a maximum of 10% of your monthly loan payment. We make it easy for you to save!
| Loan Terms: | 3.45% for 60 months, monthly payroll direct deposit |
| Auto Loan: | $20,000 loan amount, $363.42 monthly loan payment |
| Share Savings: | 10% of monthly loan payment or $36.34 |
| Total Payment: | $399.76 |
Example of Savings
| 10% Deposit | Rate* | Share Savings | |
| 36 months | $2,091.60 | 2.99% | $2,191.17 |
| 48 months | $2,121.60 | 2.99% | $2,256.65 |
| 60 months | $2,178.00 | 3.45% | $2,380.85 |
Your Auto Savings Account could total = $2,380.85 or calculate what your Auto Savings account could total
Since the Auto Savings Account is out of sight, out of mind it will help to financially prepare for the future. After you've paid off your auto loan you can use the money for a down payment on your next vehicle, a vacation, or simply whatever you want!
Already have an auto loan with us? Call 888.835.5151 to switch to an Auto Savings Loan today!
*For this example the Annual Percentage Yield for 36 months is 3.13%, for 48 months 3.17% and for 60 months 3.66%.
