Plan for Something Big
You’ve got a goal in mind—now you just need the cash in hand. At Webster, we’ll help make it happen.
The ski vacation, your dream wedding, that overdue kitchen makeover, your first home purchase—whatever it is, you’ve got a big expense ahead and you want to make sure you’re ready when the time comes. At Webster, we’re here to give you the options you need and lend a helping hand.
Whether it’s saving up money before or paying it back after your big event, Webster has solutions that can fit your budget, your timeline, and your unique goals, plus the experienced professionals to work closely with you to figure out how. With Webster by your side, rest assured that in a world full of big expenses, we’re here to help.
Webster’s Solutions Can Help You
Save Up Money
Choose from a range of FDIC-insured savings accounts to help you grow your money
Please see Tab 'Save Up Money'
Get the Right Financing
When savings won’t cover it, we’ve got customized loans, lines + mortgages to help
Please see Tab 'Get the Right Financing'
We understand that saving money is often easier said than done. Still, whatever your budget, there’s usually a way to put aside a little bit of cash each month to reach your goal.
Whether it’s cutting back on your weekly take-out meals, switching cell-phone providers, or turning down the thermostat by just a couple of degrees, when you take a careful look at your regular spending, you’ll probably find simple ways to save a few bucks. Because over time, those dollars can add up fast and be enough to fund your big plan.
And at Webster, we can help you get there even faster. With our range of interest-earning savings accounts, we can make sure your hard-earned money works even harder for you. Plus, with FDIC insurance, you’ll always know your money is safe with us.
Make Your Money Work for You
When you want a simple savings account to quickly get started, consider Webster Value Savings, a great basic savings account that can be opened with just $5 and has a low daily balance requirement.
For our valued Premier Checking customers,Webster offers our most competitive interest rates on our Premier Savings account where the more your balance grows, the better your interest rates. And since there's no monthly service charge or minimum balance, you'll earn—and save—even more.
Another option is our Premium Money Market Savings which provides an easy and safe place to access and grow your money. This account is open to anyone—no checking account necessary.
Looking for guaranteed growth to hit your savings target quicker? Webster's Certificates of Deposit (CDs) can provide earnings you can count on. With great fixed rates guaranteed for a range of terms, months or years, you can even time your term to meet your savings goal.
For some bigger expenses, we realize that your savings may not be enough. Rest assured that at Webster, we’re here to help. Whether it’s paying for college, a new family car, your dream home, or any other large expense, we have flexible financing options that can help make your big plans a reality.
Loans Designed for Your Life
When you need a payment plan that works for your needs and fixed rates that ensure steady payments, Webster's Installment Plans, can offer you a convenient way to access cash for large purchases.
If you own your home, Home Equity Loans and Home Equity Lines of Credit can also be smart options for securing the money you need. By borrowing against the equity in your home, a Home Equity Loan allows you to receive a single lump-sum loan for your big plan or purchase, while a Home Equity Line gives you credit that you can access as you need it, ideal for when your expenses are spread out over a period of time.
Plus, enjoy low to no-cost closing fees on loans up to $500,000*, and if you have a Webster Premier Checking account, you’ll pay no annual fee on lines of credit. Pricing discounts are also available to other Webster Checking customers. (See our current APRs.)
And for convenient access to your loans and lines of credit, Webster customers with deposit accounts can also take advantage of free Online Banking. Make convenient loan payments and easily move funds from your line of credit—24 hours a day, 7 days a week.
Making Homes Affordable
Your home may be the biggest purchase you’ll ever make. At Webster, our founding mission was to help others achieve their dream of homeownership, and today, we’re still committed to finding solutions that help you reach your goal. So whether you’re buying a new home, or want to refinance the home you’re already in, Webster has a variety of lending options to fit your needs.
For the most secure option, Fixed Rate Mortgages offer a stable rate for steady monthly payments. If you’re looking for lower initial rates, Adjustable Mortgages may be right for you.** For loans over $417,000, Webster can also provide Jumbo Mortgages with competitive rates.
Perhaps you’re not looking to buy, but build. To help bring your blueprints to life, Webster’s mortgage experts can create a Construction Mortgage to help you finance both your land and new construction in one consolidated loan—with one closing.
We welcome you to come talk to us. Find out more about our Personal Mortgage Seminar Events.
Home Equity Lines of Credit are variable rate products and rates are subject to change without notice. The final rate will be determined based on credit qualifications, loan amount, combined loan to value, state were property is located, and a Webster banking relationship. The maximum APR that can apply is 21%. No closing costs for home equity lines of credit up to $500,000 that are secured by 1-4 family, owner-occupied residences. Hazard insurance is required. Certain prepayment penalties may apply if the line is closed within the first two years. Please contact us for those amounts. There is no annual fee for borrowers with a Webster Premier Checking Account relationship. Annual fee for other account relationships is $XX per year. If you make interest only payments during the draw period, then at the start of the repayment period, your monthly payment will increase because you must now pay back the principal as well as interest.
All loans and lines are subject to credit approval.
With Adjustable Rate Mortgages, you take the risk that interest rates could rise significantly in the future. If they do, your monthly payments may increase as a result.
All mortgages are subject to credit approval.