Reward Accounts
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| Product | Reward [1] |
|---|---|
|
Kasasa Cash® |
|
| Kasasa Cash Back® |
|
| Kasasa Saver® |
|
| Student Checking |
|
Personal Checking
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| Product | Balance | Interest Rate Paid | APY* |
|---|---|---|---|
| Gold Money Market | |||
| $0 - $999.99 | 0.00% | 0.00% | |
| $1,000 - $2,499.99 | 0.05% |
0.05% |
|
| $2,500 - $24,999.99 | 0.08% |
0.08% |
|
| $25,000 - $99,999.99 | 0.08% | 0.08% | |
| $100,000 - $249,999.99 | 0.15% | 0.15% | |
| $250,000 & Above | 0.15% | 0.15% | |
| Hope Select Plus | |||
| $0 - $999.99 | 0.00% |
0.00% |
|
| $1,000 - $9.999.99 | 0.01% |
0.01% |
|
| $10,000 & Above | 0.03% |
0.03% |
Personal Savings
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| Product | Interest Rate Paid | APY* | |
|---|---|---|---|
| Statement Savings | 0.04% | 0.04% | |
| KIDS Savings | 0.20% | 0.20% | |
| Holiday Club | 0.25% | 0.25% | |
| Hopes & Dreams Club | 0.25% | 0.25% |
RATES EFFECTIVE AS OF MARCH 1, 2023.
*APY=Annual Percentage Yield. Fees may reduce earnings. Rates are subject to change without notice. To obtain current information, please call 908-459-4121.
[1] Rewards are earned only if requirements and qualifications are met each monthly qualification cycle. "Monthly Qualification Cycle" is the period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Qualifying transactions must post and settle during qualification cycle. Transactions may take one or more banking days from the date of transaction to post and settle. ATM transactions do not qualify as debit card transactions. Kasasa Cash® balances over $10,000 earn an interest rate of 0.25% on the portion of the balance over $10,000, resulting in 1.00% - 0.32% APY depending on the balance. Interest earned may be less than the advertised APY. If qualifications are not met, all balances will earn 0.02% APY. Kasasa Cash Back® earns 3.00% Cash Back on debit card purchases up to $200 during each monthly qualification cycle (up to $6 Cash Back per qualifying cycle, $72 cash back per year). Kasasa Saver® balances over $10,000 earn an interest rate of 0.25% on the portion of the balance over $10,000, resulting in 0.50% - 0.27% APY depending on the balance. Interest earned may be less than the advertised APY. If qualifications are not met, all balances will earn 0.02% APY. Student Checking is recommended for ages 17-24. Domestic ATM fees incurred on Kasasa Cash® and Kasasa Cash Back® during qualification cycle up to $25 (up to $5 per single transaction) will be reimbursed and credited to the account on the last day of the monthly statement cycle. Domestic ATM fees incurred on Student Checking during qualification cycle up to $12.50 (up to $5 per single transaction) will be reimbursed and credited to the account on the last day of the monthly statement cycle. To qualify for Kasasa Cash® and Kasasa Cash Back® rewards each monthly qualification cycle, you must have at least 12 debit card purchases, enroll in and log in to Online Banking, and have at least 1 direct deposit or ACH payment or credit. To qualify for Student Checking rewards each monthly qualification cycle, you must enroll in and log in to Online Banking. eStatements are a requirement on all reward accounts. If requirements and qualifications are not met, we reserve the right to convert your account with proper notice. Fees may reduce earnings. Limit one account per Social Security Number. Personal accounts only. Minimum deposit at account opening may apply. Member FDIC. Contact a First Hope Bank associate for more information.
Promotional Certificates of Deposit (CDs)
| Product | Interest Rate Paid | APY* |
|---|---|---|
| 13 Month CD Special [1] |
2.97% |
3.00% |
| 23 Month CD Special [1] |
0.30% |
0.30% |
Certificates of Deposit (CDs)
| Product | Interest Rate Paid | APY* |
|---|---|---|
| 3 Month |
0.05% |
0.05% |
| 6 Month |
0.15% |
0.15% |
| 12 Month |
0.15% |
0.15% |
| 18 Month |
0.25% |
0.25% |
| 24 Month |
0.20% |
0.20% |
| 30 Month |
0.40% |
0.40% |
| 36 Month |
1.00% |
1.00% |
| 36 Month Risk-Free [2] |
0.95% | 0.95% |
| 48 Month | 0.60% | 0.60% |
| 48 Month Risk-Free [2] | 0.55% | 0.55% |
| 60 Month | 0.60% | 0.60% |
| 60 Month Risk-Free [2] | 0.55% | 0.55% |
Individual Retirement Accounts
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| Product | Interest Rate Paid | APY* |
|---|---|---|
| IRA Savings | 0.10% | 0.10% |
RATES EFFECTIVE AS OF MARCH 3, 2023.
*APY=Annual Percentage Yield. Fees may reduce earnings. Rates are subject to change without notice. To obtain current information, please call 908-459-4121.
[1] $2,500 minimum deposit required to open and earn APY. Early withdrawal penalties may be imposed.
[2] $2,500 minimum deposit required to open and earn APY. New money only. You may withdraw up to 50% of your total deposit once during the lifetime of the CD, penalty free, except within 6 days after the date deposit. Penalties for each additional withdrawal will be incurred.
Home Loans
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| Product | Annual Percentage Rate (APR)* |
Payments/$1000
Borrowed
|
Product Requirements |
|---|---|---|---|
Home Equity FixedMonthly[1] |
|||
| 5 Years |
5.74%
|
$19.21 |
Max 80% LTV [2]
|
| 10 Years |
5.74%
|
$10.97 |
Max 80% LTV [2]
|
| 15 Years |
5.99%
|
$8.43 |
Max 80% LTV [2]
|
| 20 Years |
6.24%
|
$7.30 |
Max 75% LTV [3]
|
New Money Only. (1) 6 months of assets to be provided for first liens, all terms, and 9 months of assets to be provided for second liens, all terms. (2) Max loan to value (LTV) on 5-15 year terms is 80% of appraised value less first mortgage balance if applicable. (3) Loan to Value on 20 year terms is 75% of appraised value less first mortgage balance. Payments do not include taxes and insurance premiums. Annual Percentage Rates/Rates subject to change without notice. Terms and Conditions are subject to change without notice. Property insurance required. Flood Insurance may be required. Loans on 1 to 4 family owner occupied residence. Max loan amount is $500,000 for first liens and $350,000 for second liens. Your actual rate, payment, and costs could be higher. Loans $500,000 and above require Title Insurance for the amount of the loan at the customer’s expense. Regulation requires a full appraisal on loan amounts over $400,000 which will be at the customer’s expense. There is a $60 non-refundable application fee due upon your acceptance of the Loan Estimate. There is a recording fee which varies from state to state and county to county. Inquire to find out the amount of applicable recording fees for NJ and PA properties. Higher fees may apply for PA Residents.
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| Product | Annual Percentage Rate (APR)* |
Payments/$1000
Borrowed
|
Product Requirements |
|---|---|---|---|
Home Equity FixedBiweekly[1] |
|||
| 5 Years |
5.64%
|
$9.58 |
Max 80% LTV [2]
|
| 10 Years |
5.64%
|
$5.46 |
Max 80% LTV [2]
|
| 15 Years |
5.89%
|
$4.19 |
Max 80% LTV [2]
|
| 20 Years |
6.14%
|
$3.62 |
Max 75% LTV [3]
|
New Money Only. APR includes 0.10% rate discount for payments automatically debited from a First Hope Bank checking or savings account which the consumer may elect. (1) 6 months of assets to be provided for first liens, all terms, and 9 months of assets to be provided for second liens, all terms. (2) Max loan to value (LTV) on 5-15 year terms is 80% of appraised value less first mortgage balance if applicable. (3) Max loan to value on 20 year terms is 75% of appraised value less first mortgage balance. Payments do not include taxes and insurance premiums. Annual Percentage Rates/Rates subject to change without notice. Terms and Conditions are subject to change without notice. Property insurance required. Flood Insurance may be required. Loans on 1 to 4 family owner occupied residence. Max loan amount is $500,000 for first liens and $350,000 for second liens. Your actual rate, payment, and costs could be higher. Regulation requires a full appraisal on loan amounts over $400,000 which will be at the customer’s expense. Loans $500,000 and above require Title Insurance for the amount of the loan at the customer’s expense. There is a $60 non-refundable application fee due upon your acceptance of the Loan Estimate. There is a recording fee which varies from state to state and county to county. Inquire to find out the amount of applicable recording fees for NJ and PA properties. Higher fees may apply for PA Residents.
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| Product | Annual Percentage Rate (APR)* |
Product Requirements |
|---|---|---|
Home Equity Line of Credit[1] |
|
|
|
10 year interest only draw |
4.99% 12 Month 7.75% Non-Introductory |
Max 70% LTV[3]
|
New Money Only. Minimum loan amount is $10,000. (1) 6 months of assets to be provided for first liens, all terms, and 9 months of assets to be provided for second liens, all terms. (2) Introductory 4.99% Annual Percentage Rate (APR) is fixed for 12 months and variable thereafter. (3) Max loan to value (LTV) is 70% of appraised value less first mortgage balance, if applicable. Variable APR is equal to Wall Street Journal Prime (currently 8.00%) less a margin of 25 basis points, with a minimum APR of 3.99% and a maximum APR of 16.00%. Annual Percentage Rates/Rates subject to change without notice. Terms and Conditions are subject to change without notice. Property insurance required. Flood Insurance may be required. Loans on 1 to 4 family owner occupied residence. Max loan amount is $500,000 for first liens and $350,000 for second liens. Your actual rate, payment, and costs could be higher. Loans $500,000 and above require Title Insurance for the amount of the loan at the customer’s expense. Regulation requires a full appraisal on loan amounts over $400,000 which will be at the customer’s expense. There is a $60 non-refundable due at the time of application. There is a recording fee which varies from state to state and county to county. Inquire to find out the amount of applicable recording fees for NJ and PA properties. Higher fees may apply for PA Residents. You may re-borrow the money at any time during the 10-year “draw period”, during which time monthly payments are Interest Only. After the 10-year “draw period”, the loan converts to a 20 year payment. The total length of the plan is 30 years. The minimum advance is $250.00. If the loan is paid off and closed prior to 30 months of the term, It will be subject to a 1% early termination fee of the original approved amount unless refinanced into a First Hope Bank home equity fixed loan or mortgage.
Personal Loans
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| Product | Annual Percentage Rate (APR)* |
Min./Max.
Loan Amount
|
Payments/$1,000 Borrowed |
|---|---|---|---|
Auto Loans (2023) [1] |
|||
| 48 Months | 6.49% | n/a | $23.71 |
| 60 Months | 6.74% | n/a | $19.68 |
| 72 Months | 6.99% | n/a | $17.04 |
Auto Loans (2017 - 2022) [1] |
|||
| 48 Months | 7.74% | n/a | $24.29 |
Hope Prime Advantage [2] |
|||
| Revolving | 12.00% |
$250/$2,500 |
$42.00 |
CD Secured [3] |
|||
| Maturity of CD | 3.00% over CD Rate | n/a | |
Savings Secured |
|||
| 12-24 Months | Wall Street Journal Prime | n/a | |
| 36 Months | First Hope Bank Prime | n/a | |
Life Happens Loan[4] |
|||
Credit score 700-719 & 24 Months |
11.99% | $2,500/$20,000 | $49.33 |
|
11.99% | $2,500/$20,000 | $18.11 |
Credit score 720-779 & 24 Months |
9.99% | $2,500/$20,000 | $48.45 |
|
9.99% | $2,500/$20,000 | $17.10 |
Credit score >780 & 24 Months |
7.99% | $2,500/$20,000 | $47.58 |
|
7.99% | $2,500/$20,000 | $16.13 |
[1] 0.50% increase if payment is not automatically drafted from First Hope Bank account. Max loan amount on new autos is 90% of purchase price/sticker price. Max loan amount on used autos is 80% of retail value.
[2] Credit scores of 680-720 eligible for $2,500 max, subject to additional underwriting. Credit scores of 721+ eligible for $5,000 max, subject to additional underwriting criteria. There is a $35 annual fee for this account.
[3] Upon maturity to be re-written at current market rate.
[4]All loans subject to approval. Terms and Conditions subject to change. Must be an established First Hope Bank customer for a minimum of one year. Payments must be auto-debited from a First Hope bank account or via ACH. Maximum household borrowing limit is limited to the maximum loan amount. Terms between 24 and 84 months available.
RATES EFFECTIVE AS OF MARCH 23, 2023. Rates subject to change without notice. For current information, please call 908-459-4121.
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