*The Annual Percentage Rate (APR) may vary monthly and will be based on the Prime Rate as listed in the Wall Street Journal (Prime) plus a margin.The APR will not be less than 3.00% APR or more than 18% APR. As of 3/20/17 the Prime Rate is 4.00%. The APR will also depend on the amount of the Home Equity Line of Credit (HELOC) that we approve. For HELOCs of $25,000 - $499,999 the APR will be Prime -.26%, currently 3.74%APR. For HELOCs of $500,000 to $1,499,999, the APR will be Prime + .24% APR, currently 4.24% APR. All APRs reflect a .26% auto-pay discount from a BankRI checking account. In some instances, the APR calculation used could result in a fully indexed APR below the minimum APR of 3.74%. If this occurs, your APR will not be less than 3.00%. Property hazard insurance required. $40 Annual Fee is waived for first year. Early termination fee of $250 or 2% of the HELOC's credit limit, whichever is less, applies if HELOC terminates within 12 months of closing. Available on 1-4 family owner occupied/second homes. Other terms and conditions and restrictions may apply. Offer subject to change without notice. Typical fees to open the HELOC when the property is held in a trust are approximately $175. Consult a tax advisor for further information regarding the deductibility of interest and charges.