Daily Rate Comparison: Detailed Product Disclosures

Deposit Products

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region. Averages do not include promotional products that have limited time introductory bonus rates or restrictive account opening requirements. Interest checking is an unlimited check writing account. CDs are the standard product offering and do not include relationship accounts that require a customer to have multiple accounts. NSF fee = non-sufficient funds fee.

Consumer Lending Products 

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region. Introductory rates and available discounts are not included. Unsecured personal loan: average rates are based on fixed rate loans. New auto: average rates are based on direct fixed rate loans for new vehicle purchase. Used auto: average rates are based on direct fixed rate loans for two year old used vehicle purchase. Home equity - line of credit: average rates are based a variable, revolving, home equity lines of credit, 2nd lien, owner-occupied residence and no closing cost option. Home equity - loan: average rates are based on fixed rate home equity loans, 2nd lien, owner-occupied residence and no closing cost option.

Mortgage Products

Averages displayed are straight averages of all institutions within the Informa Research Services  database for the selected region. Mortgage products - Fixed and adjustable (ARM) Conforming: average APRs are based on a $200,000 loan amount, purchase transaction of an owner-occupied, single-family residence. Total points = one point option or the closest to the one point option. Mortgage products - Fixed and adjustable (ARM) Non-conforming/Jumbo: average APRs are based on a $750,000 loan amount, purchase transaction of an owner-occupied, single-family residence. Total points = one point option or the closest to the one point option.

Credit Card Products

Averages displayed are straight averages of all institutions within the Informa Research Services  database for the selected region. Credit card – Classic, Gold and Platinum cards: averages are based on the standard purchase APR for purchases made on non-reward cards. Reward cards: averages are based on the standard purchase APR for purchases made on institution branded reward cards (excludes co-branded cards).

INDIRECT AUTO LENDING PRODUCTS

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region.  The rates are for 60-month new auto loans. Borrowers are considered to have A credit if their score is 680 and 719; B if their scores all between 650 and 679; C if their scores fall between 625 and 649.
 

For more information

For information on the Daily Rate Comparison or Informa Research Services' products and research, please contact email info@informars.com or call 800-848-0218.  Visit Informa Research Services at www.informars.com.