If you’d like to pay off your debts or you need money right away, you may want to consider a Savings Secured Loan. This loan uses your American Savings Bank Statement Savings account or CD1 as collateral for loan repayment. The interest rate for a Savings Secured Loan is generally lower than that of a credit card.

	Highlights Below > Benefits You’ll Receive > Fast Facts

Benefits You’ll Receive

• Fast processing — funds may be available the next business day
• Low, fixed interest rate
• Collateral deposits held by the bank earn interest
• Borrow up to 90% of available balance
• Free 24-hour AccountAbilitySM bank-by-phone service

	Fast Facts
	Interest • Statement Savings account as collateral — 2.5% points over current savings account rate • CD1 as collateral — 3.0% points over the CD's rate
	Minimum Loan Amount $1,000
	Fees $50 document preparation fee2

1. Early withdrawal penalties do not apply if you use a CD as collateral for your Savings Secured Loan.

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