Your HELOC: exploring the Fixed-Rate Option
The expenses may be unpredictable, but the payments don’t need to be. When you choose to activate the Fixed-Rate Option for your variable-rate HELOC, your monthly payments on the converted outstanding balance will stay the same.
Considering the Fixed-Rate Option for your HELOC?
7.25% to 8.00% APR¹
Fixed-Rate Option rates range from 7.25% APR to 8.00% APR. Rate is based on a borrower’s Relationship Balance with Associated Bank, N.A. and a borrower-elected fixed repayment term ranging from 60 to 240 months. A lower APR may be available for customers with relationship balances of $250,000 or more. See Home Equity Early Disclosure for fees and terms.
The Fixed-Rate Option for your HELOC brings predictability and peace of mind
Converting all or part of your home equity line of credit (HELOC) balance to a fixed rate not only offers continued, flexible borrowing power, but it also ensures you’ll have a steady interest rate that won’t fluctuate with market changes. Learn how activating your HELOC’s Fixed-Rate Option can help you manage your finances with confidence.
Flexibility that fits your needs
You can activate up to ten fixed-rate conversions at any time, so you can individually manage portions of your balance. With no lifetime limit to how many conversions you can make, you’re able to adjust your financial strategy as your needs and goals change.
No fee conversion¹
When you open a new Associated Bank HELOC, there is no fee for converting all or part of an outstanding balance to the Fixed-Rate Option. This can be significant if you’re a new borrower whose aim is to stabilize your payments right away.
A renewable credit source
As you make payments on your Fixed-Rate Option balance, you rebuild your HELOC’s available draw balance, so you’ll always have ongoing access to your line of credit during your draw period.
Fixed-Rate Option for your HELOC FAQs
What is a HELOC?
A HELOC, or home equity line of credit, is a revolving loan that lets you borrow against the equity in your home. As you pay off your mortgage, you build equity—the difference between your home value and loan amount. With a HELOC, you tap into that equity to make purchases. The benefits of a HELOC over traditional loans or credit cards include competitive rates, low closing costs and possible tax deductions. Consult your tax advisor.
How does a HELOC differ from a home equity loan?
The simplest way to understand the difference between the two is this: A line of credit remains available to you even after your balance is paid off. A loan, on the other hand, is a one-time transaction that's paid off over time with regularly scheduled payments of principal and interest.
What is the difference between the Fixed-Rate Option for a HELOC and a home equity loan?
It’s important to note that the Fixed-Rate Option for your HELOC must be activated. If you choose to do so for all or part of your outstanding HELOC balance, you’ll enjoy flexible borrowing with a predictable interest rate. Conversely, a home equity loan provides a one-time lump sum upfront with fixed payments. Both use your home as collateral, but a HELOC offers ongoing access to funds, unlike a home equity loan.
LEADING LENDER
IN THE MIDWEST
FOR OVER A DECADE²
Call 866-LEND ABC (536-3222)
Monday–Friday, 8 a.m. – 5 p.m.
Saturday, 8:30 a.m. – 12:30 p.m.
Borrowers must have an active Home Equity Line of Credit (HELOC) with Associated Bank, N.A., to utilize the Fixed-Rate Option. APR is annual percentage rate. The lowest rate shown is for borrowers with a Relationship Balance with Associated Bank of $50,000.00 to $249,999.99 and a fixed repayment term of 60 months. The Fixed-Rate Option APR is fixed. As of May 6, 2026, the rate for the Fixed-Rate Option ranges from 7.25% APR to 8.00% APR based on a borrower’s Relationship Balances with Associated Bank, N.A. and a borrower-elected fixed repayment term ranging from 60 to 240 months. A lower APR may be available for customers with Relationship Balances of $250,000 or more. The chosen repayment term may not extend beyond the maturity date of the HELOC. Rates are subject to change without notice. The minimum Fixed-Rate Option conversion amount is $5,000. No more than ten (10) Fixed-Rate Options may be open at one time. There is no fee to convert all or part of an outstanding balance to a Fixed-Rate Option; however, a $100 fee will apply when requesting to unlock the balance of an existing Fixed-Rate Option. The fixed-rate option can be done in person at an Associated Bank branch or by calling 1- 866-LEND ABC (536-3222).
Accounts that contribute to your Relationship Balance include Associated Bank checking, savings, CD and IRA accounts; Associated Bank HSA accounts; select investment accounts with Associated Investment Services (mutual fund and brokerage accounts); revocable trust accounts that list you as the Trustee or Co-Trustee; and UTMA accounts of which you are the custodian. For a complete list of eligible and ineligible Relationship Balance accounts, please see the Associated Choice Checking Product Disclosure, available at AssociatedBank.com.
The Relationship Balance for the Fixed-Rate Option is determined by account and balance validation when Associated Bank prepares your "Home Equity Line of Credit Fixed-Rate Option Addendum" for your signature. Speak to a loan officer for HELOC product details, including HELOC rates, applicable fees, terms and payment options. (1494)
The Leading Lender in the Midwest designation is based on originated, closed-end mortgage loan count, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau. The results of the data were obtained through the Consumer Financial Protection Bureau Mortgage Database (HMDA), July 2024. (1171)
Loan products are offered by Associated Bank, N.A., and are subject to credit approval and involve interest and other costs. Please ask about details on fees and terms and conditions of these products. Property insurance and flood insurance, if applicable, will be required on collateral. (1050)