Now is the time to save on a HELOC
Get 0.125% off1 our standard Home Equity Line of Credit (HELOC) interest rate when you finance at least $5000 in new solar energy equipment or energy efficient products such as a new HVAC system, insulation, roofs, windows, exterior doors, and more at account opening, plus:
- No closing costs or origination fees
- Lines of credit up to $2,000,000
- View offer details and disclosures below
Four great discounts up to a max of 1.00%1, 2, 3, 4
0.125% off for energy improvements1
Use your HELOC to finance your solar and energy efficiency projects.
0.500% off with a balance based draw2
Receive 0.10% discount for every $10,000 you draw on your new HELOC up to 0.500% for initial draws of $50,000 and greater.
0.125% off with automatic payments3
Make automatic monthly payments from a qualifying Bank of the West account.
0.250% off with relationship pricing discount4
Receive 0.250% off with qualifying Bank of the West assets.
We support Real Change
We’re focusing on financing energy projects designed to help reduce the carbon footprint and diversify energy sources. Learn more
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Legal information and Disclosures
Terms and Fees: Home Equity Lines of Credit (HELOCs) are subject to credit qualification and collateral valuation. Fees, conditions and restrictions apply. Product details can be found in our Important Terms Brochure. Rate and offer subject to change without notice. Evidence of adequate property insurance required. Combined total discounts may not exceed 1.25%. For the draw period or lower the rate less than the floor of 3.00%. All HELOCs feature a 10-year variable rate draw period requiring a monthly interest-only payment subject to a $100 minimum. Annual Percentage Rate (APR) during the draw period may change as often as monthly. The draw period is followed by a fixed-rate fully-amortizing repayment period of 120, 180 or 240 months, depending on the balance at the end of the draw period. APR during the repayment period will be fixed, based on the Prime Rate in effect at the end of the draw period, plus a margin and other factors. The APR will not exceed 18.00% (13.00% APR in Oklahoma) and will not go below 3.00% regardless of your qualifying margin or applicable discounts. Fees: an annual fee up to $75 applies subject to state law limitations; a fee of $100 may apply each time a Fixed Rate Loan Option is elected or reversed. Ask a Bank of the West representative for details.
The APR for a HELOC during the draw period is variable based on the Prime Rate as published in The Wall Street Journal, plus a margin. The Prime Rate as of July 28, 2022 is 5.50%. As of July 28, 2022, margins range from -0.860% to 5.325% with corresponding APRs ranging from 4.640% to 10.825% for lines of credit between $15,000 and $2,000,000 and are subject to change at any time. APR will depend on factors including property value, location, and occupancy status, creditworthiness, existing debt against the property, approved line of credit amount, and your account relationships with Bank of the West.
1 The HELOC Energy Efficiency Discount is subject to change at any time. Discount is 0.125% off standard rate sheet pricing for the draw period. Applicants must finance at least $5000 for new solar energy equipment or energy efficient products in order to qualify for the discount. Applicants provides -no less than 10 days prior to account opening– a written estimate satisfactory to Bank of the West from a licensed contractor for the purchase and installation of an eligible energy efficiency product. The written estimate must be dated no earlier than 60 days prior to account opening and not expire until at least 5 days after account opening. Written estimate must clearly identify products being installed and indicate ENERGY STAR certification (except solar). Bank of the West reserves the right to verify the written estimate, the validity of the renewable energy improvement, and may request written certification of the applicant's intentions.
Eligible Energy Efficiency Products: Solar energy panels, solar water heaters, fuel cells using renewable fuels, wind (small) turbines, geothermal heat pumps, solar photovoltaics, new HVAC systems, tankless water heaters, energy efficient insulation (including home siding), roofs (metal & asphalt), windows, exterior doors and skylights. Contact us to learn more. Eligible energy efficiency product list is current as of July 19, 2021 and is subject to change at any time.
2 A Balance-Based Discount of 0.10% off our standard margin for every $10,000 drawn up to a maximum of 0.500% (for advances of $50,000 or more) is available for new Bank of the West HELOC customers with an initial advance of least $10,000 taken on the date of HELOC opening (subject to the credit limit and a rescission period, if applicable). The amount advanced at HELOC opening will determine the margin for the remainder of the 10-year draw period. An initial advance amount of less than $10,000 is not eligible for this promotion.
3 Automatic Payment Discount of 0.125% off the standard rate requires applicants to establish automatic monthly payments from their new or existing Bank of the West personal checking or savings account. The discounts may be reversed and your rate and payments may increase if automatic payments are discontinued for any reason. All terms and conditions applicable to the checking or savings account apply, including fees and minimum opening deposits.
4 Relationship Pricing Discounts may be available for eligible Bank of the West deposit customers, Bank of the West Global Investment Fiduciary Solutions investment clients, and investment customers of BancWest Investment Services with at least $100,000 in assets under management (AUM). For adjustable rate mortgages, the discounts are applicable only during the initial fixed-rate period. Discounts are not available for deposits or other AUM held in insurance accounts, the name of a business, or the name of the trustee of an irrevocable trust. Balances owed or available on lending or credit products and any account or asset where inclusion for relationship pricing eligibility might breach the owner's fiduciary duty or breach any law or regulation applicable to the owner or Bank of the West or its affiliates are also ineligible (contact us for more details).
Bank of the West Wealth Management offers products and services through Bank of the West and its various affiliates and subsidiaries.
Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, Member FINRA/SIPC, and SEC Registered Investment Adviser. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors.
BancWest Investment Services is a wholly owned subsidiary of Bank of the West. Bank of the West is a wholly owned subsidiary of BNP Paribas.
Investment and Insurance Products:
- NOT FDIC INSURED
- NOT BANK GUARANTEED
- MAY LOSE VALUE
- NOT A DEPOSIT
- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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