Disclosures

Mortgages

The example mortgage Annual Percentage Rates (APRs) shown are current as of 11-01-2017 to purchase a single-family primary residence based on a $175,000 loan amount at 80% loan-to-value (LTV). Rates are subject to change without notice. Other factors which can adjust your loan pricing include, but are not limited to: credit profile, property type, LTV, and lock period. For complete details, specific rates, and terms, contact the Mortgage Loan Officer nearest you.

Example mortgage loan for a conventional fixed rate mortgage:

A $175,000 30-year term loan with a down payment of 20% and a 3.939% APR (3.875% interest rate) would result in a monthly interest and principal payment of $822.91 (assumes no points paid on loan). Example payment does not reflect amounts for property taxes and hazard insurance. Your actual payment may be higher to include these amounts.

The payments shown for the adjustable rate mortgage include the estimated payment during the adjustable period based on the index currently in effect. The actual payments may be higher or lower depending on the index on the rate adjustment date. Rates shown are in effect for the first seven years only and may increase or decrease thereafter. The listed APR for the full 30-year term is based upon the current 1 Year Libor Index and margin. Rates shown are for a 30-year term, 7/1 ARM and are subject to change without notice. The rates and monthly payments displayed assume a loan amount of $175,000 and 80% loan-to-value (LTV).

Example mortgage loan for an adjustable rate mortgage:

Based on the current market conditions, a $175,000 7/1 ARM with a down payment of 20% and a 3.824% APR (3.50% initial interest rate) would result in the following payment schedule:

  • 84 principal and interest payments of $785.83
  • 276 principal and interest payments of $830.44, based upon the current fully indexed rate of 3.95%

Example payment does not reflect amounts for property taxes and insurance. Your actual payment may be higher to include these amounts.

Home Equity Line of Credit

(1A) Introductory APR is in effect six months from the date of contract. After expiration of the introductory period, the rate will revert to the standard rate (Prime + 0%, currently 4.25% APR). Refinances of existing Loan in a Line accounts, and loans done simultaneously with a residential mortgage (combo loan), are not eligible for the introductory rate. A minimum of $10,000 advance of new money at closing is required for discounted introductory APR.

(1B) Annual Percentage Rate (APR) will vary with Wall Street Journal Prime Rate (4.25% currently) with a minimum APR of 4.00%, and a maximum APR of 18.00%. Closing costs will be paid by the Bank, except for appraisals (at an approximate cost of $475) and title insurance, if required. If you close your account within 36 months of account opening, you will be charged an Account Closing Fee of equal to the lesser of 2% of the loan amount or $295. Lines are subject to a $25 annual fee, to be charged on each anniversary date. A $75 lock fee will be assessed each time a borrower creates a fixed rate advance within the line; fee waived if fixed advance is established at line opening. Subject to credit approval based upon a review of your credit and maximum LTV of less than 89.9%. Home is your primary residence. Property insurance is required, including flood insurance if applicable. Lines over $250,000 may require title insurance ($1,650-$2,400). Other fees and conditions may apply. Subject to change or withdrawal without notice. Interest paid may be tax deductible, consult your tax advisor.

(2A) Introductory Rate is in effect for six months from date of contract. After expiration of the introductory period, the rate will revert to the standard rate (Prime + 0%, currently 4.25% APR). Refinances of existing Loan in a Line accounts, and loans done simultaneously with a residential mortgage (combo loan), are not eligible for the introductory rate. A minimum $10,000 advance of new money at closing is required for discounted rate.

(2B) Annual Percentage Rate (APR) will vary with Wall Street Journal Prime Rate (4.25% currently) with a minimum APR of 3.25%, and a maximum APR of 18.00%. Closing costs will be paid by the Bank, except for appraisals (at an approximate cost of $475) and title insurance, if required. If you close your account within 36 months of account opening, you will be charged an Account Closing Fee of equal to the lesser of 2% of the loan amount or $295. Lines are subject to a $25 annual fee, to be charged on each anniversary date. A $75 lock fee will be assessed each time a borrower creates a fixed rate advance within the line; fee waived if fixed advance is established at line opening. Subject to credit approval based upon a review of your credit and maximum LTV of less than 89.9%. Home is your primary residence. Property insurance is required, including flood insurance if applicable. Lines over $250,000 may require title insurance ($1,650-$2,400). Other fees and conditions may apply. Subject to change or withdrawal without notice. Interest paid may be tax deductible, consult your tax advisor.

(3) Annual Percentage Rates (APRs) and terms are provided as examples only and are subject to change without notice. Estimated monthly payment and APRs based on a $25,000 loan amount.

Credit Cards

Reward points can be redeemed as a cash deposit to a checking or savings account or as a statement credit to your credit card account. First purchase bonus points will be applied 6 to 8 weeks after first purchase and are not awarded for balance transfers or cash advances.

Late payments and going over the credit limit may damage your credit history. The creditor and issuer of these Cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc., and American Express. American Express is a federally registered service mark of American Express.

Online Banking

* Messaging and data rates may apply from your wireless carrier when using mobile services
† iPhone and iPad are registered trademarks of Apple, Inc.
‡ Android is a trademark of Google, Inc.

We are constantly upgrading our online banking experience. For the latest information on all the features and benefits we have for our online customers, call us at 800-837-BANK or send us a message via our secure contact us form.

Personal Checking Accounts

Platinum Advantage Checking
* You may be asked to accept a surcharge to complete your ATM transaction from other banks
† Earn higher rates for higher balances
‡ Monthly fee may be waived by maintaining an aggregate daily balance of $20,000 to include all of your AmeriServ accounts, including outstanding balances on personal loans.

Premier Interest Checking
* Earn higher rates for higher balances
† Two no-service-fee Cashier’s Checks and two no-service-fee Money Orders each month
‡ Monthly fee may be waived if you maintain a daily balance of $1,500 or greater

Personal Savings Accounts

*Federal regulation permits no more than 6 transfers, withdrawals, or a combination of transfers and withdrawals per calendar month, including transfers to another account of the depositor at the same institution or a third party by means of preauthorized, telephone, or automatic transfer, or by check, draft, or debit card. You may make unlimited deposits or withdrawals at a branch. Failure to follow transfer limitation guidelines may result in your account being converted to a non-interest bearing account.

Business Checking Accounts

Contact a Business Services Officer for more detailed information on Business Accounts.

Business Savings Accounts

*Federal regulation permits no more than 6 transfers, withdrawals, or a combination of transfers and withdrawals per calendar month, including transfers to another account of the depositor at the same institution or a third party by means of preauthorized, telephone, or automatic transfer, or by check, draft, or debit card. You may make unlimited deposits or withdrawals at a branch. Failure to follow transfer limitation guidelines may result in your account being converted to a non-interest bearing account.

PSEA

PSEA Member Benefits endorsement is limited to AmeriServ’s Residential Mortgages which is referred to as the Mortgage Edge program and Home Equity line of credit and Personal line of credit. PSEA does not represent that its Endorsed Products are right for all members. Each individual must assess the appropriateness of the Endorsed Products for herself or himself. PSEA does not give investment, tax, or legal advice.

Disclaimer of Warranties: PSEA makes no representation or warranties of any kind, either expressed or implied, including but not limited to the advisability of buying or selling a house. Under no circumstances shall PSEA be liable for any consequential, incidental, or indirect damage.

(1)The example mortgage Annual Percentage Rates (APRs) shown are current as of 11-01-2017 to purchase a single-family primary residence based on a $175,000 loan amount at 80% loan-to-value (LTV). Rates are subject to change without notice. Other factors which can adjust your loan pricing include, but are not limited to: credit profile, property type, LTV, and lock period. For complete details, specific rates, and terms, contact a PSEA Mortgage Loan Officer.

An example conventional fixed rate mortgage:

A $175,000 30-year term loan with a down payment of 20% and a 3.939% APR (3.875% interest rate) would result in a monthly interest and principal payment of $822.91 (assumes no points paid on loan). Example payment does not reflect amounts for property taxes and hazard insurance. Your actual payment may be higher to include these amounts. For complete details, specific rates and terms, contact a Mortgage Loan Officer at the number above. Rates are subject to change without notice and are subject to credit approval.

An example adjustable rate mortgage:

Based on the current market conditions, a $175,000 7/1 ARM with a down payment of 20% and a 3.824% APR (3.50% initial interest rate) would result in the following payment schedule:

  • 84 principal and interest payments of $785.83
  • 276 principal and interest payments of $830.44, based upon the current fully indexed rate of 3.95%

Example payment does not reflect amounts for property taxes and insurance. Your actual payment may be higher to include these amounts.

(2) Annual Percentage Rate (APR) will vary with Wall Street Journal Prime Rate (currently 4.25%).  Rates/terms will depend upon maximum line amount at opening. Closing costs will be paid by the Bank, except for appraisals (at an approximate cost of $475) and title insurance, if required. If you close your account within 36 months of account opening, you will be charged an Account Closing Fee equal to the lesser of 2% of the line amount or $295. Lines are subject to a $25 annual fee, to be charged on each anniversary date. A $75 lock fee will be assessed each time a borrower creates a fixed rate advance within the line; fee waived if fixed advance is established at line opening. Subject to credit approval based upon a review of your credit and maximum LTV of less than 89.9%. Home is your primary residence. Property insurance is required, including flood insurance if applicable. Lines over $250,000 may require title insurance ($1,650-$2,400). Other fees and conditions may apply. Subject to change or withdrawal without notice. Interest paid may be tax deductible. Consult your tax advisor.

(3) Annual Percentage Rate (APR) is a variable rate based on the Wall Street Journal Prime Rate and may increase after account opening, with a lifetime minimum of 7.00% APR and a maximum of 18.00% APR.

PSEA Rates Table

(1A) Introductory APR is in effect 6 months from the date of contract. After expiration of the introductory period, the rate will revert to the standard rate (Prime + 0%, currently 4.25% APR). Refinances of existing Loan in a Line accounts, and loans done simultaneously with a residential mortgage (combo loan), are not eligible for the introductory rate. A minimum of $10,000 advance of new money at closing is required for discounted introductory APR.

(1B) Annual Percentage Rate (APR) will vary with Wall Street Journal Prime Rate (4.25% currently) with a minimum APR of 3.50%, and a maximum APR of 18.00%. Closing costs will be paid by the Bank, except for appraisals (at an approximate cost of $475) and title insurance, if required. If you close your account within 36 months of account opening, you will be charged an Account Closing Fee of equal to the lesser of 2% of the loan amount or $295. Lines are subject to a $25 annual fee, to be charged on each anniversary date. A $75 lock fee will be assessed each time a borrower creates a fixed rate advance within the line; fee waived if fixed advance is established at line opening.  Subject to credit approval based upon a review of your credit and maximum LTV of less than 89.9%. Home is your primary residence. Property insurance is required, including flood insurance if applicable. Lines over $250,000 may require title insurance ($1,650-$2,400). Other fees and conditions may apply. Subject to change or withdrawal without notice. Interest paid may be tax deductible, consult your tax advisor.

(2A) Introductory Rate is in effect for 6 months from date of contract. After expiration of the introductory period, the rate will revert to the standard rate (Prime + 0%, currently 4.25% APR). Refinances of existing Loan in a Line accounts, and loans done simultaneously with a residential mortgage (combo loan), are not eligible for the introductory rate. A minimum $10,000 advance of new money at closing is required for discounted rate.

(2B) Annual Percentage Rate (APR) will vary with Wall Street Journal Prime Rate (4.25% currently) with a minimum APR of 3.25%, and a maximum APR of 18.00%. Closing costs will be paid by the Bank, except for appraisals (at an approximate cost of $475) and title insurance, if required. If you close your account within 36 months of account opening, you will be charged an Account Closing Fee of equal to the lesser of 2% of the loan amount or $295. Lines are subject to a $25 annual fee, to be charged on each anniversary date. A $75 lock fee will be assessed each time a borrower creates a fixed rate advance within the line; fee waived if fixed advance is established at line opening.  Subject to credit approval based upon a review of your credit and maximum LTV of less than 89.9%. Home is your primary residence. Property insurance is required, including flood insurance if applicable. Lines over $250,000 may require title insurance ($1,650-$2,400. Other fees and conditions may apply. Subject to change or withdrawal without notice. Interest paid may be tax deductible, consult your tax advisor.

(3) Annual Percentage Rates (APRs) and terms are provided as examples only and are subject to change without notice. Estimated monthly payment and APRs based on a $25,000 loan amount. Home is primary residence.

(4) Annual Percentage Rate (APR) is a variable rate based on the Wall Street Journal Prime Rate and may increase after account opening, with a lifetime minimum of 7.00% and a maximum of 18% APR.

Affinity

(1) The example mortgage Annual Percentage Rates (APRs) shown are current as of 11-01-2017 to purchase a single-family primary residence based on a $175,000 loan amount at 80% loan-to-value (LTV). Rates are subject to change without notice. Other factors which can adjust your loan pricing include, but are not limited to: credit profile, property type, LTV, and lock period. For complete details, specific rates, and terms, contact an Affinity Mortgage Loan Officer.

An example conventional fixed rate mortgage:

A $175,000 30-year term loan with a down payment of 20% and a 3.984% Annual Percentage Rate (3.875% interest rate) would result in a monthly interest and principal payment of $587.80 (assumes no points paid on loan). Example payment does not reflect amounts for property taxes and hazard insurance. Your actual payment may be higher to include these amounts. For complete details, specific rates and terms, contact a Mortgage Loan Officer at the number above. Rates are subject to change without notice and are subject to credit approval.

An example adjustable rate mortgage:

Based on the current market conditions, a $175,000 7/1 ARM with a down payment of 20% and a 3.824% APR (3.50% initial interest rate) would result in the following payment schedule:

  • 84 principal and interest payments of $785.83
  • 276 principal and interest payments of $830.44, based upon the current fully indexed rate of 3.95%

Example payment does not reflect amounts for property taxes and insurance. Your actual payment may be higher to include these amounts.

(2) Annual Percentage Rate (APR) will vary with Wall Street Journal Prime Rate (currently 4.25%).  Rates/terms will depend upon maximum line amount at opening. Closing costs will be paid by the Bank, except for appraisals (at an approximate cost of $475) and title insurance, if required. If you close your account within 36 months of account opening, you will be charged an Account Closing Fee equal to the lesser of 2% of the line amount or $295. Lines are subject to a $25 annual fee, to be charged on each anniversary date. A $75 lock fee will be assessed each time a borrower creates a fixed rate advance within the line; fee waived if fixed advance is established at line opening. Subject to credit approval based upon a review of your credit and maximum LTV of less than 89.9%. Home is your primary residence. Property insurance is required, including flood insurance if applicable. Lines over $250,000 may require title insurance ($1,650-$2,400). Other fees and conditions may apply. Subject to change or withdrawal without notice. Interest paid may be tax deductible. Consult your tax advisor.

(3) Annual Percentage Rate (APR) is a variable rate based on the Wall Street Journal Prime Rate and may increase after account opening, with a lifetime minimum of 7.00% APR and a maximum of 18.00% APR.

Affinity Rates Table

(1A) Introductory APR is in effect 6 months from the date of contract. After expiration of the introductory period, the rate will revert to the standard rate (Prime + 0%, currently 4.25% APR). Refinances of existing Loan in a Line accounts, and loans done simultaneously with a residential mortgage (combo loan), are not eligible for the introductory rate. A minimum of $10,000 advance of new money at closing is required for discounted introductory APR.

(1B) Annual Percentage Rate (APR) will vary with Wall Street Journal Prime Rate (4.25% currently) with a minimum APR of 3.50%, and a maximum APR of 18.00%. Closing costs will be paid by the Bank, except for appraisals (at an approximate cost of $475) and title insurance, if required. If you close your account within 36 months of account opening, you will be charged an Account Closing Fee of equal to the lesser of 2% of the loan amount or $295. Lines are subject to a $25 annual fee, to be charged on each anniversary date. A $75 lock fee will be assessed each time a borrower creates a fixed rate advance within the line; fee waived if fixed advance is established at line opening.  Subject to credit approval based upon a review of your credit and maximum LTV of less than 89.9%. Home is your primary residence. Property insurance is required, including flood insurance if applicable. Lines over $250,000 may require title insurance ($1,650-$2,400). Other fees and conditions may apply. Subject to change or withdrawal without notice. Interest paid may be tax deductible, consult your tax advisor.

(2A) Introductory Rate is in effect for 6 months from date of contract. After expiration of the introductory period, the rate will revert to the standard rate (Prime + 0%, currently 4.25% APR). Refinances of existing Loan in a Line accounts, and loans done simultaneously with a residential mortgage (combo loan), are not eligible for the introductory rate. A minimum $10,000 advance of new money at closing is required for discounted rate.

(2B) Annual Percentage Rate (APR) will vary with Wall Street Journal Prime Rate (4.25% currently) with a minimum APR of 3.25%, and a maximum APR of 18.00%. Closing costs will be paid by the Bank, except for appraisals (at an approximate cost of $475) and title insurance, if required. If you close your account within 36 months of account opening, you will be charged an Account Closing Fee of equal to the lesser of 2% of the loan amount or $295. Lines are subject to a $25 annual fee, to be charged on each anniversary date. A $75 lock fee will be assessed each time a borrower creates a fixed rate advance within the line; fee waived if fixed advance is established at line opening.  Subject to credit approval based upon a review of your credit and maximum LTV of less than 89.9%. Home is your primary residence. Property insurance is required, including flood insurance if applicable. Lines over $250,000 may require title insurance ($1,650-$2,400. Other fees and conditions may apply. Subject to change or withdrawal without notice. Interest paid may be tax deductible, consult your tax advisor.

(3) Annual Percentage Rates (APRs) and terms are provided as examples only and are subject to change without notice. Estimated monthly payment and APRs based on a $25,000 loan amount. Home is primary residence.

(4) Annual Percentage Rate (APR) is a variable rate based on the Wall Street Journal Prime Rate and may increase after account opening, with a lifetime minimum of 7.00% and a maximum of 18% APR.


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