The rate benefit is the difference between your personal account rate and the average bank account rate for your assigned market area.
The definition varies by account type as follows:
- For open loans, we used your current account balance (Rate Benefit × Account Balance) + Fees
- For term loans, we used your original balance (12-month cumulative interest savings based on rate benefit, original balance and term of loan)
- For Deposits, we used your current balance (Rate Benefit × Account Balance) + Fees
The fee benefit represents the difference between the average bank account maintenance fee for your assigned market area and Fibre Federal and TLC’s account maintenance fee for a comparable account.
Our Research Partner
We partnered with Informa Research Services, Inc., Calabasas, CA, www.informars.com (https://financialintelligence.informa.com/), to conduct this research. Although the information Informa provided us has been obtained from banks themselves, neither Fibre Federal and TLC nor Informa can guarantee absolute accuracy as rates can change without notice.