Online Banking

Happy Birthday USA!  As our country celebrates its independence on Monday, July 4, Anchor Bank and the Federal Reserve will be closed in observance of the holiday.

Internet Explorer versions 8.0 and older

Effective July 11, 2016, Anchor Bank will no longer support Internet Explorer versions 8.0 and older in a continued effort to support your information security. This change was a recommendation by Microsoft since they no longer support these versions and are not providing security updates for them. To update your browser, please go to www.microsoft.com to download the latest version of Internet Explorer.  Feel free to contact Anchor Support at 952-808-8001 (Twin Cities), 507-625-0400 (Mankato), 1-888-837-9340 (Toll-free) with any questions.

Personal Loans and Credit

At Anchor Bank, we know your financial goals because we take the time to get to know you. Whether you’re buying a home, adding on to your house to make room for another family member, or just looking to use your home’s equity to have money when you need it, we’re here to help. With our extensive personal loan and credit services, we can help you understand your options so that you can make the right financial decisions.

Installment Loans

Installment loans are an excellent solution for many borrowing needs. With an installment loan, you repay the loan over a specific period of time (term) with set monthly payments. Whether you are in the market for a new or used car or you are seeking to finance a recreational vehicle, motorcycle, or boat, an installment loan is an easy way to get the money you need.

How it works for you
• Talk to a Personal Banker to determine the loan that’s right for you
• Receive a fast credit decision and gain access to the loan funds
• Finance your purchase with peace of mind 

Key Benefits to you
• Monthly payments at fixed interest rates
• Know your repayment period for better financial planning
• No hidden fees
• Loans available from $5,000 and up
• Various loan terms based on the collateral

Home Equity

A home equity line of credit is a revolving line of credit designed to be a flexible means of funding a home renovation, ongoing needs, or financing a major expense. It’s a way to borrow money while using your home as collateral and making payments based on the amount you borrow. 

How it works for you
•    Draw period: A fixed length of time for the revolving line of credit. Borrow only what you need on the approved line of credit and make monthly interest-only payments. 
•    Repayment period: You will enter the repayment period, after the draw period, where principal and interest payments are paid. 


Key benefits to you
•    Secured financing may result in lower interest rates
•    Ongoing access to funds allows you to borrow against your line of credit anytime during the draw period
•    Line of credit amounts beginning at $10,000
•    No penalties for early payment
•    Interest rate discount with automatic payment from an Anchor Bank checking account   
•    Potential for tax benefits: the interest on your financing may be tax deductible, consult your tax advisor regarding the deductibility of interest

Get started by contacting a Personal Banker.

What you should know about home equity lines of credit 

Home Mortgage Loans

Whether you are just beginning to look at homes, planning to build your dream home, or want to refinance your existing home, Anchor Bank has the mortgage to fit your needs and make your dreams come true.

How it works for you
When you team up with our experienced mortgage specialists, you’ll receive the same high level of personalized assistance that we have provided our mortgage customers since 1997. We’ll help you select the best loan options to meet your individual needs and advise you through the entire process. Our full line of Mortgage services includes:
• Competitive Rates
• Free Pre-Qualification
• Conventional Mortgages
• Jumbo Mortgages
• Fixed Rate Mortgages
• Adjustable Rate Mortgages
• Lot Loans

Key benefits to you
We have helped numerous local families reach their dream of not only owning a home, but more importantly owning a home they love. From talking to one of our mortgage experts for a free pre-qualification on day one, to unpacking the last box on move-in day, you can rest assured that we’re with you every step of the way.

 

Access your Home Loan Toolkit, a step-by-step guide.

Learn more at Consumer Financial Portection Bureau.
 

Credit Cards

Choosing the right credit card is easier than ever.

No matter which card you choose, you’ll enjoy important features like:
• EMV smart chip technology for added security
• Mobile purchasing capability for added convenience
• Plus much more!

Let’s get started…

Visa® Platinum Card
Save on interest with an extended introductory rate and pay down other credit card balances faster. More


 >> Pick the best card for you!

Visa® Bonus Rewards Card
Watch your rewards add up fast with 1 point for every $1 you spend on eligible net purchases, and receive automatic bonus points each month. Plus get $25 cash back1 after your first purchase. More
 

Visa® Bonus Rewards PLUS Card
Watch your rewards add up even faster with 1 point for every $1 you spend on eligible net purchases, and receive even more automatic bonus points each month. Plus get $50 cash back1 after your first purchase – all with a low annual fee. More

Cash Rewards American Express® Card
Earn cash back1 every time you use your card: 3% on gas, 2% at supermarkets, and 1% on all other eligible net purchases, plus $25 cash back1 after your first purchase. More

Travel Rewards American Express® Card
Earn great rewards faster with 3X reward earnings on airline net purchases and 2X reward earnings on restaurant and hotel net purchases and 1X reward earnings on all other eligible net purchases, plus get $75 cash back1 after your first purchase – all with a low annual fee. More


Visa® College Rewards Card?
Get off to the right start with a great rate and manageable credit line, plus earn rewards on your everyday spend. More

 

Visa® Secured Card
Start building (or rebuilding) your credit history, even if you’ve been turned down for other credit cards, with flexible credit lines based on a security deposit and a low annual fee. More


1 - 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.

2 - 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.

Loans are subject to credit approval.