Rates & Specials

*Annual Percentage Yield (APY) is accurate as of 03/13/2025. 4.00% APY is for 12 months from account opening if account qualifications and rate tiers are met. Current checking account holders or those who have closed a checking account within the last 90 days are not eligible for this offer. Limit one new checking account per tax ID. Rate may change after promotional period. Account holder must meet the following qualifications each statement cycle to earn rate and ATM refunds: (1) post and clear 12 debit card purchases; (2) post one electronic direct deposit; (3) receive eStatements. At least one electronic direct deposit of salary, pension, or government benefits is required each statement cycle to avoid a $5 monthly maintenance fee. If your daily balance is $15,000 or less, the interest rate will be 3.93% with an APY of 4.00%. An interest rate of 0.10% will be paid only for that portion of your daily balance that is greater than $15,000. The APY for this tier will range from 0.10% to 4.00% depending on the balance in the account. If monthly qualifications are not met, the rate will be 0.05% with a 0.05% APY on all balances. Minimum deposit is $15. Fees may reduce earnings. Promotion may end without notice.

*Annual Percentage Yield (APY) is accurate as of 11/8/2024. Advertised APY applies only to account holders that deposit new money in full that is not on deposit with Solvay Bank in the 90 days prior to the initial CD term. CD is automatically renewed at a rate determined on the maturity date. Offer valid on personal and non-personal accounts with the exception of municipal monies. Minimum deposit to open is $2,500 and maximum deposit is $1,000,000. Penalty may be imposed for early withdrawal. Other restrictions may apply. Fees may reduce earnings. Promotion may end without notice. Member FDIC.

*Annual Percentage Yield (APY) is accurate as of 3/13/2025. Advertised rates are subject to change at any time without notice. Minimum deposit to open is $2,500; CD is automatically renewed at a rate determined on the maturity date. Offer valid on personal accounts only. Penalty may be imposed for early withdrawal. Other restrictions may apply. Fees may reduce earnings. Promotion may end without notice. Member FDIC.

*Variable APRs stated are current as of 09/19/2024 and can periodically change based on Prime. See below for important information. The current Prime Rate is 7.50%

¹The Standard Variable Rate is based upon The Wall Street Journal Prime Rate ("Prime") (7.50% on 12/19/2024). Prime may change at any time without notice. If Prime increases or decreases during the Introductory Period, the Introductory Rate and minimum required payment will correspondingly change. APRs are variable and may change monthly, based upon the Prime rate as published in The Wall Street Journal (7.50% on 12/19/2024), but will not exceed 15.00%. Offer is available on first and second liens with a maximum CLTV of 90% on single-family, owner-occupied residences. HELOC is a 10-year open-end draw line with interest-only monthly payments and 15-year fully amortized monthly payments of principal and interest. Offer is subject to credit approval. Property insurance and, if applicable, flood insurance is required. No closing costs for loans up to $250,000. If you cancel/close your line within 3 years you must reimburse the bank for any third-party fees (ranging from $597.22 - $2,602.30) at the time of cancellation. Loans over $250,000: borrower is responsible for 1.00% mortgage tax. Consult tax advisor for tax deductibility. Rates, terms, and conditions are subject to change without notice. No other discounts will apply. NMLS#463170. Member FDIC. Equal Housing Lender.

²The Variable Introductory Rate is based upon The Wall Street Journal Prime Rate ("Prime") (7.50% on 12/19/2024) minus 0.50%. Prime may change at any time without notice. If Prime increases or decreases during the Introductory Period, the Introductory Rate and minimum required payment will correspondingly change. The Variable Introductory Rate reflects a rate discount of Prime minus 0.50% for customers enrolled in Direct Rewards Checking, High Interest Checking, or Emerald Checking with automatic payment at the time the Home Equity Line of Credit (HELOC) is opened. The Variable Rate Introductory Offer is applicable to all funds withdrawn from the line of credit during the 12 month Introductory Period beginning from the date the HELOC is opened. After the Variable Rate Period ends, any and all remaining balances will automatically convert to the Variable Rate of the Prime Minus 0.25%, if a Direct Rewards Checking, High Interest Checking, or Emerald Checking account with automatic payment is maintained. If Prime increases or decreases, the Variable Rate and minimum required payment will correspondingly change. Other APRs apply without a Direct Rewards Checking, High Interest Checking, or Emerald Checking account with automatic payment. APRs are variable and may change monthly, bases upon the Prime rate as published in The Wall Street Journal (7.50% on 12/19/2024), but will not exceed 15.00%. Offer is available on first and second liens with a maximum CLTV of 90% on single-family, owner-occupied residences. HELOC is a 10-year open-end draw line with interest-only monthly payments and 15-year fully amortized monthly payments of principal and interest. Offer is subject to credit approval. Property insurance and, if applicable, flood insurance are required. No closing costs for loans up to $250,000. If you cancel/close your line within 3 years you must reimburse the bank for any third party fees (ranging from $597.22 - $2,602.30) at the time of cancellation. Loans over $250,000: borrower is responsible for 1.00% mortgage tax. Consult tax advisor for tax deductibility. Rates, terms and conditions are subject to change without notice. No other discounts will apply. NMLS#463170. Member FDIC. Equal Housing Lender.

** Payment example does not include property taxes and insurance; your actual payment will be higher.

Purchase or Refinance: 60 day rate lock.

New Construction New Build: 240 day rate lock.

New Construction Draw Only: 240 day rate lock.

Minimum Loan amount: $25,000; Maximum conforming amount: $806,500.00.

Option to receive a 1/8% (0.125%) discount on the APRs listed above for terms of 10, 15 or 20 years when you have your loan payments automatically deducted from your Direct Rewards, High Interest or Emerald Checking account at Solvay Bank.

*The annual percentage rates (APR) are current as of 04/15/2025. Monthly payment examples are based on a loan amount of $165,000.00 with a $110,000 down payment with .0 points. Interest rates are subject to change at any time without notice due to market conditions or borrower eligibility. The rates shown are based on rates for well-qualified applicants. Individual rates may vary. Monthly payment does not include property taxes or homeowners insurance. Your actual monthly payment may be greater. Mortgage insurance is required if the loan to value exceeds 80%. Homeowners insurance and flood insurance, if applicable, are required. Subject to credit approval and property appraisal based on secondary market underwriting requirements.

Purchase or Refinance: 60 day rate lock.

New Construction New Build: 240 day rate lock.

Minimum Loan amount: $25,000; Maximum conforming amount: $806,500.00.

Rates may change at any time after the account is open. Fees may reduce earnings. 

Rate may change at any time after the account is open. Fees may reduce earnings.

Rate may change at any time after the account is open. Fees may reduce earnings.

Certificates of Deposit require a minimum deposit of $500.00 to open. Rates are subject to change without notice. Penalty may be imposed for early withdrawal. Fees may reduce earnings.

*Minimum deposit to open is $2500.00. Rates are subject to change without notice. 

IRA Certificates of Deposit require a minimum deposit of $500.00 to open. Rates are subject to change without notice. Penalty may be imposed for early withdrawal. Fees may reduce earnings.

Fees could reduce earnings on the account.

Rate may change at any time after the account is open.

Fees could reduce earnings on the account.

Rate may change at any time after the account is open.

Fees could reduce earnings on the account.

Rate may change at any time after the account is open.

Fees could reduce earnings on the account.

Rate may change at any time after the account is open.

Fees could reduce earnings on the account.

Rate may change at any time after the account is open.

Rates are subject to change without notice.

Rate may change at any time after the account is open.

Fees could reduce earnings on the account.

Purchase or Refinance: 60 day rate lock

New Construction New Build: 240 day rate lock

New Construction Draw Only: 240 day rate lock

Minimum Loan amount: $25,000; Maximum conforming amount: $806,500.00.

Purchase or Refinance: 60 day rate lock.

New Construction New Build: 240 day rate lock.

Minimum Loan amount: $25,000; Maximum conforming amount: $806,500.00.

Minimum Loan Amount: $2,000

Subject to credit approval. Rates shown are the lowest APR's available. Your APR may vary and will be based on your application, how your payment is made and credit information.

+Personal Secured loans are secured with a Solvay Bank Certificate of Deposit, Solvay Bank Savings account, Marketable Securities, Solvay Bank Stock or Cash Surrender Value Life Insurance. Secured funds cannot be a retirement or 401K account. Advertised APR is the lowest available. The APR for this loan type varies based on collateral and deposit account APR. Other restrictions may apply.  

By way of example, on a PERSONAL UNSECURED loan for $5,000 with an annual percentage rate (APR) of 9.74% for 48 months, your monthly payment would be: $126.19. Additional terms and conditions may apply. All rates and terms are subject to change without notice.

Minimum Loan amounts:

 $2,000 on terms up to 75 months

$25,000 on terms 76-84 months

Subject to credit approval. Rates shown are the lowest APRs available. Your APR may vary and will be based on your application, how your payment is made and credit information.

By way of example, for a new AUTO, with a purchase price of $20,000, a 10% down payment equaling $2,000 and an annual percentage rate of 5.84% for 60 months, your monthly payment would be: $346.65. Additional terms and conditions may apply. All rates and terms are subject to change without notice.

Minimum Loan Amount: $2,000

Subject to credit approval. Rates shown are the lowest APRs available. Your APR may vary and will be based on your application, how your payment is made and credit information.

By way of example, on a HOME IMPROVEMENT loan for $10,000 with an annual percentage rate of 8.24% for 48 months, your monthly payment would be: $245.26.

Minimum Loan Amount: $2,000

Subject to credit approval. Rates shown are the lowest APRs available. Your APR may vary and will be based on your application, how your payment is made and credit information.

By way of example, on a NEW MOTORCYCLE loan for $15,000 with an annual percentage rate of 7.24% for 60 months, your monthly payment would be: $298.72.

Minimum Loan Amount: $2,000

Subject to credit approval. Rates shown are the lowest APRs available. Your APR may vary and will be based on your application, how your payment is made and credit information.

By way of example, on a NEW BOAT loan for $15,000 with an annual percentage rate of 8.49% for 60 months, your monthly payment would be: $307.68.

Minimum Loan Amount: $2,000

Subject to credit approval. Rates shown are the lowest APRs available. Your APR may vary and will be based on your application, how your payment is made and credit information.

By way of example, on a 2023 USED BOAT loan for $15,000 with an annual percentage rate of 8.99% for 66 months, your monthly payment would be: $288.91.

Rates are subject to change without notice

*Interest is charged from the transaction date.

*Variable APRs stated are current as of 9/19/2024 and can periodically change based on Prime. See below for important information. The current Prime Rate is 7.50%

• Loan Limits from $15,000 to $300,000
• No closing costs² for loans of $250,000 or less
• At closing, the Borrower will be required to pay New York State Mortgage Tax of 1% on any portion of the loan which exceeds $250,000
• Variable Rate / Minimum payment of monthly accrued interest
• Maximum available equity is up to 90% of the appraised value minus the balance of the first mortgage
• Credit line checks provided for easy access to line
• Property Insurance and, if applicable, flood insurance is required
• Subject to credit approval
• Consult tax advisor for tax deductibility

Rates are variable and may adjust monthly based on changes to the Prime Rate, as published in the Wall Street Journal.

²To qualify for no closing costs, customers must maintain the Home Equity Line of Credit in good standing for 36 months. Early discharge of the Home Equity Line of Credit, for any reason within 36 months of the original note date, may require payment of third party fees at the time of cancellation. These third party fees generally total between $597.22 and $2,602.30.

³The Variable Introductory Rate is based upon The Wall Street Journal Prime Rate ("Prime") (7.50% on 12/19/2024) minus 0.50%. Prime may change at any time without notice. If Prime increases or decreases during the Introductory Period, the Introductory Rate and minimum required payment will correspondingly change. The Variable Introductory Rate reflects a rate discount of Prime minus 0.50% for customers enrolled in Direct Rewards Checking, High Interest Checking, or Emerald Checking with automatic payment at the time the Home Equity Line of Credit (HELOC) is opened. The Variable Rate Introductory Offer is applicable to all funds withdrawn from the line of credit during the 12 month Introductory Period beginning from the date the HELOC is opened. After the Variable Rate Period ends, any and all remaining balances will automatically convert to the Variable Rate of the Prime Minus 0.25%, if a Direct Rewards Checking, High Interest Checking, or Emerald Checking account with automatic payment is maintained. If Prime increases or decreases, the Variable Rate and minimum required payment will correspondingly change. Other APRs apply without a Direct Rewards Checking, High Interest Checking, or Emerald Checking account with automatic payment. APRs are variable and may change monthly, bases upon the Prime rate as published in The Wall Street Journal (7.50% on 12/19/2024), but will not exceed 15.00%. Offer is available on first and second liens with a maximum CLTV of 90% on single-family, owner-occupied residences. HELOC is a 10-year open-end draw line with interest-only monthly payments and 15-year fully amortized monthly payments of principal and interest. Offer is subject to credit approval. Property insurance and, if applicable, flood insurance are required. No closing costs for loans up to $250,000. If you cancel/close your line within 3 years you must reimburse the bank for any third party fees (ranging from $597.22 - $2,602.30) at the time of cancellation. Loans over $250,000: borrower is responsible for 1.00% mortgage tax. Consult tax advisor for tax deductibility. Rates, terms and conditions are subject to change without notice. No other discounts will apply. NMLS#463170. Member FDIC. Equal Housing Lender.

*Annual Percentage Rate (APR)

** Stated APRs reflect a rate discount of 0.25% for maintaining automatic payment from a Direct Rewards, High Interest or Emerald Checking account.  

• Loan Limits from $15,000 to $300,000
• Fixed Interest Rate / amortized monthly payment of principal and interest
• No closing costs¹ for loans of $250,000 or less
• At closing, the Borrower will be required to pay New York State Mortgage Tax of 1% on any portion of the loan which exceeds $250,000
• Maximum available equity is up to 90% of the appraised value minus the balance of the first mortgage
• Subject to credit approval
• Property Insurance and, if applicable, flood insurance is required
• Consult tax advisor for tax deductibility
• Rates are subject to change and set based upon the current rate for the day you apply.

Typical loan payment examples are as follows: If you borrow $15,000, secured by a first lien for 36 months at 5.875% APR, the monthly payment would be $455.58. If you borrow $15,000, secured by a second lien for 180 months at 8.125% APR, the monthly payment would be $144.43. Monthly payment examples do not include property taxes or homeowners insurance. Your actual monthly payment may be higher. Additional terms and conditions may apply.

¹To qualify for no closing costs, customers must maintain the Home Equity Fixed Rate Loan in good standing for 36 months. Early discharge of the Home Equity Fixed Rate Loan, for any reason within 36 months of the original note date, may require payment of closing costs at the time of cancellation. These third party fees generally total between $597.22 and $2,602.30.