It is with our Auto Savings Loan. Everyone wants to save more money. Yet very few of us find that an easy thing to do. It's time to link what you want to have with what you should have. For as long as you borrow on your auto, you'll also build a savings account-it's automatic and easy!
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: | 4.74% for 60 months, monthly payroll direct deposit |
| Auto Loan: | $15,000 loan amount, $281.34 monthly loan payment |
| Share Savings: | 10% of monthly loan payment or $28.13 |
| Total Payment: | $309.47 |
| 10% Deposit | Rate* | Share Savings | |
| 36 months | $1,012.82 | 4.74% | $1,086.20 |
| 48 months | $1,350.43 | 4.74% | 1,483.86 |
| 60 months | $1,688.02 | 4.74% | $1,900.77 |
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 is 4.84%.
