increasing loan rates and will probably be slow to increase deposit rates. WV Central looks at things a little differently so we just increased our deposit rates to reward our members. As far as loan rates are concerned, WV Central is leaving loan rates, for now, unchanged.
What we hope to do is to continue to help our members reduce their overall cost of borrowing. By leaving our rates at historic lows, we are giving our members time to look to improve their cash flow. Improved cash flow is so very important during an inflationary time period. You can improve your cash flow by allowing WV Central to refinance loans that you have at other institutions where rates are, honestly, just too high.
We have been very successful helping members already in 2022 as we have reduced our members’ interest cost by $775,000.00.
Please stop in, schedule an appointment or go on-line to see our best in market deposit and loan rates!
We are here to help! Please allow us to do just that!
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